What is the Meaning of Entrepreneur

Learn about the meaning of entrepreneur, traits of successful entrepreneurs, examples, case studies, and statistics in this comprehensive article.

The Definition of an Entrepreneur

An entrepreneur is a person who organizes and operates a business or businesses, taking on greater than normal financial risks in order to do so.

Traits of an Entrepreneur

  • Risk-taking
  • Innovation
  • Persistence
  • Vision

Examples of Successful Entrepreneurs

Some well-known entrepreneurs include Elon Musk, Oprah Winfrey, and Jeff Bezos, who have all built successful businesses from the ground up.

Case Study: Airbnb

Airbnb started out as a way for its founders to make some extra money by renting out their air mattresses on the floor of their San Francisco apartment. Today, it is a billion-dollar company that has revolutionized the hospitality industry.

Statistics on Entrepreneurship

According to the Small Business Administration, about 50% of small businesses survive five years or more, while about one-third survive ten years or more.

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