An Entrepreneur is a person who sets up a business or an enterprise. They convert the idea into action, use it as an opportunity, and exploit it.
You must be wondering… What is an Enterprise now? so the answer is
An enterprise is a business organization that is formed and provides goods and services, creates employment (jobs), provides a standard of living to all who are part of the organization, and contributes to the country’s overall economic development.
The word ‘Entrepreneur‘ is derived from the french word ‘Entreprendre,’ which means ‘to undertake,’ i.e., who undertakes the risk of a new organization.
The idea which an entrepreneur converts can be computers, ATMs, Washing Machines, Courier Services, ready-to-eat foods, Mobile Phones, etc. These are some examples of entrepreneurial ideas that got converted into finished products or services.
Entrepreneurs are innovators who invent something new and start an enterprise by bearing the risks and uniting factors of production – Money, Manpower, Material, and Machinery.
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