entrepreneur[än′trə prə nʉr′, -no̵or′, -nyo̵or′]
- The definition of an entrepreneur is a person who takes an idea, product or service and does whatever is necessary to introduce it to the marketplace where it can produce revenue.
- The idea could be a new procedure or a new way to provide a service.
- The product could be something simple such as a new type of hair comb or it could be a multi-part product such as a new electronic item.
- An example of entrepreneur is Bill Gates.
- An example of entrepreneur is a stay at home mom who comes up with a great idea for a new children’s toy.
- An example of entrepreneur is an experienced business manager who decides to take the skills he or she has learned working for others and starts their own consulting firm.
A group of modern entrepreneurs.
Origin of entrepreneurFrench ; from Old French entreprendre: see enterprise
Origin of entrepreneurFrench, from Old French, from entreprendre, to undertake; see enterprise.
- en′tre·pre·neur′i·al·ism, en′tre·pre·neur′ism
entrepreneur - Investment & Finance Definition
A person who starts his or her own business. The entrepreneur assumes the risk but stands to gain the profits. The entrepreneur may continue to operate the business, or may decide to sell out to a larger competitor or sell the company to the public in an initial public offering.
A person who starts a business from scratch. The risk, as well as the possible reward, for an entrepreneur is very high. Funding for the business may come from personal funds, cash advances on credit cards, or loans from friends or family. If the entrepreneur has a technology-related business, he or she may look for funding from angels, who are wealthy investors who fund start-up businesses, or venture capitalists.