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 classic literature ?
Against these objections, your candid judgment will not require an unqualified justification; but your respect and gratitude for the founders of the State may boldly claim an ample apology.
By driving the founders of the Plymouth Colony into exile, it constrained them to absolute separation irreconcilable.
It was my advantage in one respect, that I did not know what they meant by FOUNDER till I inquired.
Our founders saw themselves in the light of posterity.
I said to him, You and I, Adeimantus, at this moment are not poets, but founders of a State: now the founders of a State ought to know the general forms in which poets should cast their tales, and the limits which must be observed by them, but to make the tales is not their business.
Speakers on these panels include: Dinesh Moorjani, co-founder at Tinder; Amanda Bradford, founder and CEO at The League; Bryan O'Connell, co-founder and CEO at FirstLine; Curtis Lee, founder and CEO at Luxe Valet; Christopher Finneral, co-founder and CEO at SketchDeck; Ajay Prakash, co-founder and CEO at Rinse; Jason Johnson, founder and CEO at August; Colin Billings, founder at Edison; Marc Alexander, co-founder at Lifx; Jon Beekman, founder at Man Crates; Siobhan Quinn, co-founder and CEO at Parenthoods; Nick Baum, founder at Storyworth; and AJ Forsythe, co-founder and CEO at iCracked.
Securing high profile investors is yet another coup for the boys who secured an initial investment from Stephen Pankhurst - the founder of Friends Reunited - which helped get the business off the ground.
Samuel L Belcher, founder & CEO, Sabel Plastechs Inc.
Luigi Orione (1872-1940), Italian priest, founder of the Little Work of Divine Providence and of the Congregation of the Little Missionary Sisters of Charity.
Joel Dee, founder of Edwards & Sons Trading Company, chose as his epitaph, "He always tried to give consumers something they needed but wasn't there.
In 1993, the taxpayer's board of directors voted to replace the principal founder of the company as chairman of the board and CEO; shortly after this vote, the founder and the taxpayer entered into an employment agreement, under which the founder could use the title "chairman of the board emeritus" but could not exercise managerial authority.
Midge Nathanson, founder and co-owner of Camp Matoaka for Girls, Smithfield, Maine.

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