Entrepreneurship Is Not Only A Word Entrepreneur

1349 Words Jul 27th, 2015 6 Pages
In the thirteenth-century, entreprendre, a French verb originated to mean “to do something” or “to undertake.” By the sixteenth century the word, entrepreneur formed. The word entrepreneur refers to someone who undertakes a business venture. An entrepreneur is someone that takes risks in developing, managing and organizing a business or enterprise. Every entrepreneur weighs the risks involved against the potential profit to be gained. When they think the gain outweighs the risk they take every opportunity to execute their ideas. Entrepreneurship is a process that develops new ways of combining resources. When a new combination of resources is generated above market value the entrepreneur makes a profit. Many successful entrepreneurs create jobs for the economy, while others may not be so successful because of the huge risks involved. Some risks being capital, time, motivation, and not being able to adapt to change (Sobel, 2008) .
Entrepreneurship is not only a word that was formed in the sixteenth century. Entrepreneurship is vastly important to every economy, especially the American economy because these entrepreneurs that create companies increase our economic growth by creating jobs for many people. They are the ones that allow us to buy goods and allow us the opportunity to use many services. Without them, we wouldn’t have most of the stuff we take for granted today. Entrepreneurs expand our ability to generate income which results in a higher living for everyone…
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