Entrepreneur
An entrepreneur is, in its most general sense, a person who creates or starts a new project, opportunity, or
venture.
Most commonly, the term entrepreneur applies to someone who establishes a new entity to offer a new or existing product or
service into a new or existing market, whether for a profit or not-for-profit venture. Entrepreneurs often have strong beliefs
about a market opportunity and are willing to accept a high level of personal, professional or financial risk to pursue that opportunity.
Research has demonstrated that there is such thing as an "entrepreneurial type," with certain characteristics (such as having
a father who was an entrepreneur) linked to the probability of someone being an entrepreneur themselves. There is little good
evidence, however, that entrepreneurial type is linked to ultimate success of an entrepeneurial venture.
Business entrepreneurs are often highly regarded in American culture
as being a critical component of its capitalistic society. Famous entrepreneurs
include: Henry Ford (automobiles), J. Pierpont Morgan (banking), Thomas Edison
(electricity/light bulbs), Bill Gates (computer operating systems and
applications) and others.
See also: Entrepreneurship
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