ENTREPRENEURSHIP

Detailed explanation-1: -The Merriam-Webster Dictionary defines an entrepreneur as: “one who organizes, manages and assumes the risk of a business or enterprise".

Detailed explanation-2: -An entrepreneur is someone who organizes, manages, and assumes the risks of a business or enterprise. An entrepreneur is an agent of change. Entrepreneurship is the process of discovering new ways of combining resources.

Detailed explanation-3: -The textbook definition of entrepreneur speaks to that classic perception. Consider, for example, Merriam-Webster’s definition that explains entrepreneur as “one who organizes, manages, and assumes the risks of a business or enterprise."

Detailed explanation-4: -Becoming an entrepreneur calls for taking an active role in the business’s financial planning. Entrepreneurs may use their own money or external funding to launch their businesses. Doing so means assuming some financial risk, so successful entrepreneurs will assess that risk and create a financial plan accordingly.

Detailed explanation-5: -An entrepreneur is an individual who takes the risk to start their own business based on an idea they have or a product they have created while assuming most of the risks and reaping most of the rewards of the business.