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Monday, 30 January 2012

Who is an Entrepreneur?


An entrepreneur is an owner or manager of a business enterprise who makes money through risk and initiative. Entrepreneur in English is a term applied to a person who is willing to help launch a new venture or enterprise and accept full responsibility for the outcome. Entrepreneur can also be defined as "one who undertakes an enterprise, especially a contractor, acting as intermediatory between capital and labour"
Entrepreneurs become what they are for several reasons. Many, depending on the person, choose to do so to avoid workplace drama, discrimination, being taken advantage of, or just to be their own boss. No formal education is required to become an entrepreneur, as they rely on their own knowledge and talent to achieve success. Entrepreneurs have a lower risk of being set up to fail or controlled due to the fact that they are often their own boss. Knowledge of ones field, determination, talent, the ability to recover from bad situations, trusted peers and collaborators, supply and demand, and luck are all important factors in becoming a successful entrepreneur.

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