There are many ways to define an entrepreneur and a quick check of several dictionaries may give you several meanings.
The literal meaning of the word entrepreneur is from French “entre” (to enter) and “prendre” (to take). It can therefore be assumed to mean one who starts a business venture with some risk.
Of course one could argue that anyone who starts a business or purchases a well established and stable business is always taking a risk. However the term entrepreneur today has become more used to those who constantly start new ventures and take risks in doing so.
The British entrepreneur Lord Sugar says that gets upset when people tell him that they are entrepreneurs. He likes to make the point that it is up to others to decide who is and who is not an entrepreneur. Lord Sugar’s view indicates that it is all a matter of personal viewpoint. Is that really so? Many business people will probably take exception to that view as they like to call themselves entrepreneurs.
I would prefer to call anyone an entrepreneur that enters into business or takes risks in advancing their current business. All business has some risk and therefore I always have great respect for those that take the step of entering into the world of starting their own business.
How do you view the word entrepreneur? Your comments are welcome, please leave them in the box below.