entrepreneur


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Entrepreneur

A person starting a new company who takes on the risks associated with starting the enterprise, which may require venture capital to cover start-up costs.

Entrepreneur

The possessor or owner of a for-profit organization. The term is usually applied to small business owners, who bear the majority of the risk and reap the most benefit from a company. It can also relate to (individual) majority shareholders who are involved in the operation of his/her business. Entrepreneurs are generally accepted as integral to the success of a capitalist system.

entrepreneur

A risk-taker who has the skills and initiative to establish a business.

entrepreneur

a person who undertakes the risks of establishing and running a new business. Entrepreneurs are characterized by their initiative and enterprise in seeking out new business opportunities; inventing and commercializing new goods and services and methods of production. See VENTURE CAPITAL, INDUSTRIAL POLICY, INTRAPRENEURIAL GROUP, MANAGEMENT BUYOUT.

entrepreneur

an individual who assembles and organizes FACTORS OF PRODUCTION to undertake a venture with a view to PROFIT. The individual may supply one or more of the three factors of production (NATURAL RESOURCES, LABOUR, CAPITAL) himself or may hire or buy any or all factors in the expectation of future profits. The entrepreneurial function is sometimes called a . fourth factor of production.

The entrepreneur was seen in the 19th century as an individual proprietor who supplied most or all of the factors of production but especially managerial expertise. The advent of the JOINT-STOCK COMPANY led to the division of management and the supply of capital, so that the term ‘entrepreneur’ became a more hypothetical abstract term attached to any individual or group who performs the risk-bearing and organizing functions above. The traditional THEORY OF THE FIRM suggests that entrepreneurs attempt to maximize profit, but since the 1930s there has been growing awareness that the DIVORCE OF OWNERSHIP FROM CONTROL in large joint-stock companies influences the behavioural attitudes of groups of individuals within organizations, which may lead to corporations following objectives other than PROFIT MAXIMIZATION. See BEHAVIOURAL THEORY OF THE FIRM, MANAGERIAL THEORIES OF THE FIRM, RISK AND UNCERTAINTY.

entrepreneur

One who assumes risk in order to combine knowledge, capital, and resources to create a venture that will hopefully return a profit.

References in periodicals archive ?
However, by remaining silent and not aligning with others, they are just sitting ducks for Entrepreneur Magazine's high-powered legal attacks (and it's only a matter of when, not if, Entrepreneur Magazine will attack other 'entrepreneur' publishers).
All of the successful entrepreneurs I know are great at networking.
The Young Entrepreneurs (of Thunder Bay) are already established," Gorrie says.
Reiss cleverly points out which skills are necessary to achieving success, emphasizing that the entrepreneur himself should manage the accounting processes ("Anyone can work with numbers," he says.
The entrepreneur is also disposed to dream dreams, to think globally rather than incrementally.
Accessing the New Economic Infrastructure for Quality Employment: A Viable Option for Entrepreneurs
Last year, 9 entrepreneurs in 9 categories from The Carolinas' were selected as Ernst & Young Entrepreneur Of The Year award winners from more than 85 nominations.
Readers can take a look at their responses to these questions and others in the November Entrepreneur issue on newsstands today.
Venture capitalists supply the entrepreneur with capital during the high-risk time from inception of a new idea until the company can access the stock market to raise money.
Unlike business plan competitions, in which contestants pitch their own ideas to investors, students participating in VCIC play the role of investors and review pitches presented by real entrepreneurs.
30 /PRNewswire/ -- Entrepreneur magazine and the National Policy Research Council (NPRC) have released the 12th Annual Hot Cities Ranking on the best places to start and grow a business.

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