Meaning of Entrepreneur and Entrepreneurship

Entrepreneur is derived from the french word entreprendre meaning "to undertake". An entrepreneur is one who undertakes to organize, manage, and assume the risks of a business. He can also be an engine for job creation and economic growth. Also, an entrepreneur is one who is willing to help launch a new venture or enterprise and accept full responsibility for the outcome. Entrepreneurship is the act of being an entrepreneur or the dynamic process of undertaking to organize, manage, and assume the risk of a business.