Defination of Entrepreneur

• WHAT IS ENTREPRENEUR

An entrepreneur is a person whose aim is to provide an income by a certain combination of labour, capital and knowledge to run a business or maintain.  Always leads the entrepreneur and his company as long as  the goal is achieved or the company profits.

Business means taking initiative and pursue market opportunities. Kirzner described the entrepreneur as someone who is alert to opportunities. Innovation is not necessarily a feature of what an entrepreneur brings. Entrepreneurship is (except for Schumpeter, Kirzner and some other economists) an underexposed factor in conventional economic theory. In business, the role of the entrepreneur is already in the focus. Psychologists, sociologists and anthropologists have contributed important insights about the entrepreneur and his entrepreneurial behavior.

A company can be both a goal and a means. Some people are entrepreneurs to make money, but they would also somewhere in payroll can go if she would earn more. For others it is part of their appeal. Many GPs, dentists, pharmacists, artists  and farmers and other "professions" are an entrepreneur. There is also a large category of people who are entrepreneurs because they do not want to be dependent on others (though they of course depend on their customers).

In everyday parlance, sometimes the director who is not the owner of the company is indicated as an entrepreneur. That is incorrect. If he only does work and no risk to his ability, he is just a person employed by the company.