Who is an entrepreneur?

An entrepreneur is defined as an individual who takes initiative to create their own business. This encompasses the characteristics and actions of identifying a market opportunity, gathering resources, and assuming the risks involved in starting and managing a new venture. Entrepreneurs are often seen as innovators who bring new ideas to life, aiming to meet specific customer needs or solve problems within the marketplace.

This definition highlights the proactive and risk-taking nature of entrepreneurs, as they are not merely managing or overseeing existing businesses or investments but are actively engaged in the creation of something new. This creative and driven spirit is fundamental to the entrepreneurial role as they seek to establish a successful entity that can grow and thrive in a competitive environment.