Entrepreneurs, individuals who come up with an plan in means of profit while knowing the risks that comes along. however, in adam smith time(1723-1790), the definition of an entrepreneur was different it was an “ individual purusing his or her own good to achieve the best good for all”. Those individuals led by the “invisible hand” would provide
An entrepreneur “refers to anyone who has responsibility for a firms decisions concerning choice of technology, rates of investment and scrapping, research expenditures etc. The group included he individual owner-manager head manager and individual or groups of corporate officials”( Entrepreneurship 1870-1914 floud and Cosky) .An Entrepreneur is one who organizes
An Entrepreneur is a person who forms and operates a business. Entrepreneurs form and start companies by themselves, or with partners. Most of the time companies which are started by entrepreneurs are relatively small in size, but some grow into huge corporations, such as Microsoft which is owned by Bill Gates. Entrepreneurs have four different options when starting a business, which include a sole proprietorship, Partnership, limited liability company, and also a corporation. Each form has its advantages and also disadvantages depending on what the type of business is, and also what service it provides.
Some dictionaries define an entrepreneur as “a person of very high aptitude who pioneers change, possessing characteristics found in only a very small fraction of the population,” and it originates from “entreprendre” in French which means “to undertake”(A Definition). Others define an entrepreneur as “a person who sets up a business or businesses, taking on financial risks in the hope of profit.”(Definition of Entrepreneur). I believe that it’s not only risk and money that makes an entrepreneur who they are, but it is also about the talent as well as the desire to want to change something in a positive way. I use this definition to decide who is a greater entrepreneur, Dr. Dre or George Washington?
An entrepreneur is someone who organizes, manages, and assumes the risks of a business or enterprise (Merriam-Webster, n.d). Some characteristics of an entrepreneur are, the willingness to work hard, the desire for responsibility and the confidence in their ability to succeed. The person that I chose to interview for this paper is, Adama Kuyateh.
Entrepreneur is someone who takes a risk and initiates to take up an opportunity in the market for any goods or service to be sold to the consumers. All decisions are made by the entrepreneur as he is the risk taker and this obviously involves people working under him for example managers. All the capital is raised, decisions are made by the entrepreneur and business activities are monitored by the owners itself. As Bolton(1971) describes in his report small
A person who starts a business is someone who assumes the financial risk of the initiation, the operation, and management of the business. ,“An entrepreneur is someone who organizes a business venture and assumes the risk for it”. (Define an Entrepreneur, Source: H) A person who has possession of a new enterprise, or “idea and assumes significant accountability for the inherent risks and the outcome” (Source: H) can be known as an entrepreneur. “The term is originally a loanword from French and was first defined by the Irish economist Richard Cantillon.” (Define an Entrepreneur, Source: H) “Entrepreneur in English is a term applied to the type of personality who is willing to take upon her
According to Oxford Dictionaries, an entrepreneur is a person who sets up a business taking on financial risks in the hope of profit. Also, an entrepreneur is a person with passion who is willing to take a lot of risks and not just someone with big innovative ideas.
Entrepreneurship is the willingness to take risks to create and operate a business. An entrepreneur is someone who sees a potentially
An entrepreneur is someone who starts a business by organizing and having greater than normal financial risk in order to do so. There are many people who fit into being an entrepreneur. For example stores like Wal-Mart, Target, Dollar Store, and any restaurant place. I will be looking at Eliza Pinckney as
Entrepreneurship is defined as the process of designing, launching and running a business. It typically begins as a business idea such as starting a small business, offering a product or service. What is unique about this venture is the possibility and level of risk involved for instance lack of funds, an unforeseeable economic crisis or poor business decisions. Entrepreneurship is about how people identify opportunities, evaluate whether they are viable and then decide to exploit them or not. The decision to exploit an opportunity or not depends on several factors that the entrepreneur is responsible for including cost versus how much the idea will generate, the market demand, and the risks involved. An entrepreneur is thus an innovator
An Entrepreneur is someone who undertakes a risk, a risk that starts with an innovation and involves financing the initiative. This initiative usually ends up in formation of an organization which uses the innovation to assemble products or services achieving sales against investment made (Shane, 2003).
An entrepreneur is someone who organizes, operates, and assumes the risk for a business venture. Giorgio Armani is a perfect example of a modern entrepreneur, who became very successful in the fashion industry. Armani is estimated to be worth around 2 Billion (US) dollars.
An entrepreneur is a person who undertakes innovations, finance and business acumen in an effort to transform innovations into economic goods and who accepts the risks associated with them. (Schaper, Michael.2002) He can be anyone who identifies an opportunity in a market and has a belief that it would succeed in the economy and on that belief he starts exploiting the opportunity. They may create a new organization or may be a part of an existing organization where they revitalize the organization in response to their perceived opportunity. Generally, the word entrepreneur is used to denote a person who starts a
The entrepreneur is gotten from a French word, which expects to endeavor or start an alternate business. Entrepreneur roles differ from country to country, Holcombe (1998) stress that that the power house of economic growth is entrepreneur. Innovations, air and social orders, account, danger and prizes are all that much essential to convey the last fiscal result with monstrous profit anyway to join standard perils and commitments in a company.