Entrepreneur

AAA

DEFINITION of 'Entrepreneur'

An individual who, rather than working as an employee, runs a small business and assumes all the risk and reward of a given business venture, idea, or good or service offered for sale. The entrepreneur is commonly seen as a business leader and innovator of new ideas and business processes.

BREAKING DOWN 'Entrepreneur'

Entrepreneurs play a key role in any economy. These are the people who have the skills and initiative necessary to take good new ideas to market and make the right decisions to make the idea profitable. The reward for the risks taken is the potential economic profits the entrepreneur could earn.

RELATED TERMS
  1. Service Corps Of Retired Executives ...

    A specific non-profit organization with members who provide free ...
  2. Mompreneur

    A slang term describing women who run their own businesses while ...
  3. Terence Conran

    The founder and chairman of London-based design company Conran ...
  4. Inventrepreneur

    A type of entrepreneur who seeks to market or produce an invention ...
  5. Intrapreneurship

    Acting like an entrepreneur within a larger organization. The ...
  6. Intrapreneur

    An inside entrepreneur, or an entrepreneur within a large firm, ...
Related Articles
  1. Entrepreneurship

    Top 5 Startups That Emerged in Boston

    Learn why Boston is a hot market for startups, and familiarize yourself with a few of the top startups that have emerged from the city.
  2. Economics

    The Economics of a CrossFit Gym

    Learn the economics of opening a CrossFit gym, including the business model, relationship with corporate, expenses and projected revenues.
  3. Entrepreneurship

    5 Good Habits Every Entrepreneur Needs

    Understand who an entrepreneur is and what an entrepreneur does. Learn about the 5 good habits that every entrepreneur should have.
  4. Entrepreneurship

    5 Key Steps to Start Your Own Small Business

    Understand what a small business is and what it takes to build one. Learn about the five key steps needed to start a small business.
  5. Entrepreneurship

    The 5 Skills Every Entrepreneur Needs

    Understand what an entrepreneur is and the type of risk an entrepreneur faces. Learn about the five skills necessary to become a successful entrepreneur.
  6. Entrepreneurship

    7 Entrepreneurs Who Became Successful in their 20s

    Understand how entrepreneurs can come from any age group. Learn about seven entrepreneurs who reached success and fame in their 20s.
  7. Entrepreneurship

    5 Steps to Become an Entrepreneur

    Understand what it takes to become an entrepreneur, and learn about five steps that can help someone become an entrepreneur and build a successful business.
  8. Personal Finance

    Ridiculous Ideas That Made People Millions

    These wacky inventions didn't look like the money machines they became for their creators.
  9. Entrepreneurship

    Tax Credit For Plan Expenses Incurred By Small Businesses

    Determine whether your business is eligible to claim a tax credit for establishing a retirement plan.
  10. Professionals

    Top 5 Incentives For Student Startups

    If you can learn to juggle course work and cash flow, you'll be ready for anything.
RELATED FAQS
  1. What is the difference between a bank guarantee and a bond?

    A bank guarantee is a promise from a bank or lending institution that, if a borrower defaults on repayment of a loan, the ... Read Full Answer >>
  2. If I retire in the Philippines, will I be able to work or start a small business?

    Foreign retirees entering the Philippines with plans to become permanent residents may start a business or work once they ... Read Full Answer >>
  3. What are the most common operating expenses for an online business?

    Online businesses differ in operating needs and expenses but incur many of the same costs that other businesses do. Calculating ... Read Full Answer >>
  4. What advice does Howard Schultz offer would-be business moguls?

    Starbucks CEO, billionaire and former sports tycoon Howard Schultz has several pieces of advice for would-be moguls and, ... Read Full Answer >>
  5. Why do some economists consider entrepreneurship to be a factor of production?

    Some economists identify entrepreneurship as a factor of production because it can increase the productive efficiency of ... Read Full Answer >>
  6. How did Richard Branson make his fortune?

    Richard Branson made his fortune by using the profits from his record store chain to found Virgin Records in 1972. He earned ... Read Full Answer >>
  7. How does an entrepreneur help the economy?

    An entrepreneur acts as a coordinating agent in a capitalist economy. This coordination takes the form of resources being ... Read Full Answer >>
  8. How do ridesharing companies like Uber make money?

    Uber and similar ridesharing companies make money by charging clients for rides in vehicles it provides for transport, much ... Read Full Answer >>
  9. I own a small business. Can the SBO-401(k) work for me?

    The SBO-401(k) can only be adopted by businesses in which only the business's owners are eligible participants in the plan. ... Read Full Answer >>
  10. Who coined the term "entrepreneur"?

    For one, it wasn't Adam Smith. One person strangely overlooked in Smith's free market masterpiece, The Wealth of Nations, ... Read Full Answer >>

You May Also Like

Hot Definitions
  1. Financial Crisis

    A situation in which the value of financial institutions or assets drops rapidly. A financial crisis is often associated ...
  2. Election Period

    The period of time during which an investor who owns an extendable or retractable bond must indicate to the issuer whether ...
  3. Shanghai Stock Exchange

    The largest stock exchange in mainland China, the Shanghai Stock Exchange is a nonprofit organization run by the China Securities ...
  4. Dead Cat Bounce

    A temporary recovery from a prolonged decline or bear market, followed by the continuation of the downtrend. A dead cat bounce ...
  5. Bear Market

    A market condition in which the prices of securities are falling, and widespread pessimism causes the negative sentiment ...
  6. Alligator Spread

    An unprofitable spread that occurs as a result of large commissions charged on the transaction, regardless of favorable market ...
Trading Center
×

You are using adblocking software

Want access to all of Investopedia? Add us to your “whitelist”
so you'll never miss a feature!