What is an entrepreneur?
An entrepreneur is a person who accepts financial risks and undertakes new financial firms. derived from the French word ‘entrepreneurs’ (to enter) and ‘prendre’ (take), and a general sense applies to any person starting a new project or try a new opportunity.
Characteristics of an entrepreneur include spontaneous creativity, ability and willingness to take decisions in the absence of solid data, and personality in general, risk-taking. an entrepreneur may be driven by the need to create something new or create something tangible. Austrian school of economics, entrepreneurs are described as dedicated to the creative destruction of existing products and services. and new enterprises have low success rates, an employer must also have considerable persistence.
Employers are generally very independent, which can cause problems when their companies succeed. in a small company the entrepreneur is able to personally manage most aspects of business, but this is not possible once the company has grown beyond a certain size. Management conflicts often arise when the employer fails to recognize that running a large stable company is different from running a small business growth. the problem is often resolved by the employer or leaving to start a new business, or be forced out by shareholders. at Apple Computer, for example, a founder, Steve Wozniak, left to pursue other interests, while the other steve jobs was ultimately dismissed and replaced with a CEO of a company much larger. note that many years later, Jobs returned to the head.
A intrapreneur is an individual acting as an entrepreneur, but from within a large organization or Corportation.