entrepreneur

Definition:
Someone who exercises initiative by organizing a venture to take benefit of
an opportunity and, as the decision maker, decides what, how, and how much of a good
or service will be produced.
An entrepreneur supplies risk capital as a risk taker,
and monitors and controls the business activities. The entrepreneur is usually a sole
proprietor, a partner, or the one who owns the majority of shares in
an incorporated venture.
According to economist Joseph Alois Schumpeter (1883-1950), entrepreneurs are not
necessarily motivated by profit but regard it as a standard for measuring achievement
or success. Schumpeter discovered that they
greatlyvalueself-reliance,
strive for distinction through excellence,
are highly optimistic (otherwise nothing would be undertaken), and
always favor challenges of mediumrisk(neither too easy, nor ruinous).

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Use entrepreneur in a sentence:

~The entrepreneur had discovered a new market for her app and through
proper investment and advertising was successfully generating capital for her
investors.

~After years of working to make his emplyers rich, Ken decided he wanted
to try his hand at being an entrepreneur

~After a short stint as an assistant baker, he decided to become and entrepreneur and
invest all of his savings into his own gourmet bakery.

Notable Quotes

Dealing with Ambiguity is Key

"If you want to become an entrepreneur, you must learn how to deal with ambiguity
and even thrive on it. There is very little structure in startups when it comes to things
like business model, client base, work environment etc."
- Varun Gulati