John Robert B.

Rubis

BSChE 1C

Entrepreneurial Mind

What Is an Entrepreneur?

An entrepreneur is an individual who creates a new business, bearing most of the risks and
enjoying most of the rewards. The entrepreneur is commonly seen as an innovator, a source of
new ideas, goods, services, and business/or procedures.

An entrepreneur is a person who sets up a business with the aim to make a profit. This
entrepreneur definition can be a bit vague but for good reason. An entrepreneur can be a
person who sets up their first online store on the side or a freelancer just starting out.

An entrepreneur is someone who starts a side hustle that can eventually create a full-time,
sustainable business with employees. Same with the freelancer. If your entrepreneurial mindset
is focused on creating a profitable business, you fit the entrepreneur definition. However, the
entrepreneur meaning involves much more than being a business or job creator. Entrepreneurs
are some of the world’s most powerful transformers.

An entrepreneur is someone who organizes, manages, and assumes the risks of a business or
enterprise. An entrepreneur is an agent of change.

The person who creates a new enterprise and embraces every challenge for its development
and operation is known as an entrepreneur. And the undertaking or organisation, typically a
startup company, set up by the entrepreneur is called enterprise.

What is Entrepreneurship?

Entrepreneurship is the act of creating a business or businesses while building and scaling it to
generate a profit. However, as a basic entrepreneurship definition, it’s a bit limiting. The more
modern entrepreneurship definition is also about transforming the world by solving big
problems. Like initiating social change, creating an innovative product or presenting a new life-
changing solution.

What the entrepreneurship definition doesn’t tell you is that entrepreneurship is what people do
to take their career and dreams into their hands and lead it in the direction of their own choice.
It’s about building a life on your own terms. No bosses. No restricting schedules. And no one
holding you back.

Entrepreneurship is the process of discovering new ways of combining resources. When the
market value generated by this new combination of resources is greater than the market value
these resources can generate elsewhere individually or in some other combination, the
entrepreneur makes a profit.
Entrepreneurship is both the study of how new businesses are created as well as the actual
process of starting a new business – the term is used interchangeably. An entrepreneur is
someone who has an idea and who works to create a product or service that people will buy, by
building an organization to support those sales.

The capacity and willingness to develop, organize and manage a business venture along with
any of its risks in order to make a profit. The most obvious example of entrepreneurship is the
starting of new businesses. In economics, entrepreneurship combined with land, labor, natural
resources and capital can produce profit. Entrepreneurial spirit is characterized by innovation
and risk-taking, and is an essential part of a nation's ability to succeed in an ever changing and
increasingly competitive global marketplace.

Entrepreneurship refers to the process of creating a new enterprise and bearing any of its risks,
with the view of making the profit. It is an act of seeking investment and production opportunity,
developing and managing a business venture, so as to undertake production function, arranging
inputs like land, labour, material and capital, introducing new techniques and products,
identifying new sources for the enterprise.

References.

Entrepreneurship. (11 February, 2020). Retrieved from,

https://businessjargons.com/entrepreneurship.html

Entrepreneurship. (11 February, 2020). Retrieved from,

http://www.businessdictionary.com/definition/entrepreneurship.html

Ferreira, N.M. (January, 2020) What is Entrepreneurship? Entrepreneur Definition and Meaning.
(11 February, 2020). Retrieved from, https://www.oberlo.ca/blog/what-is-entrepreneurship/amp

Hayes, A. (28 January, 2020). Entrepreneur. (11 February, 2020) Retrieved from,
https://www.investopedia.com/terms/e/entrepreneur.asp

Sobel, Russell. Entrepreneurship. (11 February, 2020). Retrieved from,

https://www.econlib.org/library/Enc/Entrepreneurship.html

What is Entrepreneurship? (11 February, 2020). Retrieved from,

https://www.shopify.com/encyclopedia/entrepreneurship