Who is considered an entrepreneur?

An entrepreneur is defined as a person who takes the initiative to build a business, demonstrating innovation, risk-taking, and resourcefulness. This individual identifies opportunities in the market and organizes resources to launch and grow a new venture. Entrepreneurs typically invest their own time, money, and effort into their business ideas and are often motivated by the potential for financial gain and the desire to create something new.

In contrast, a person managing finances for a corporation is typically an employee focused on financial management rather than starting a business. Someone in a government job is fulfilling a role within a public sector organization, which is distinct from entrepreneurship. A professional specializing in consulting may offer valuable insights and advice to businesses but does not necessarily initiate or build a business themselves. An entrepreneur's distinct role involves the creation and development of new business opportunities, which sets them apart from these other roles.