En·tre·pre·neur noun ˌäⁿn-trə-p(r)ə-ˈnər, -ˈn(y)u̇r
: a person who starts a business and is willing to risk loss in order to make money

Entrepreneurship is the state of acting towards a new idea, by investing time, money, strength, and energy with the intentions of transforming that idea into a business project which can generate money.

The entrepreneur is commonly seen as an innovator — a generator of new ideas and business processes.

According to Schumpeter, an entrepreneur is willing and able to convert a new idea or invention into a successful innovation.

: one who organizes, manages, and assumes the risks of a business or enterprise

In political economics, entrepreneurship is a process of identifying and starting a business venture, sourcing and organizing the required resources and taking both the risks and rewards associated with the venture.

Entrepreneurship is about taking risk. 

The behavior of the entrepreneur reflects a kind of person willing to put his or her career and financial security on the line and take risks in the name of an idea, spending much time as well as capital on an uncertain venture.

Economist Robert Reich said; The successful companies of the future, will be those that offer a new model for working relationships based on collaboration and mutual value.

Article posted by Conscious lifestyle