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.
