Entrepreneurship & Business Development

What is an entrepreneur?

An entrepreneur is a person who starts, organizes, and runs a business, usually by spotting a problem or opportunity and creating a solution—often in the form of a product or service.

In simple terms: An entrepreneur takes an idea and turns it into something real, even though there’s risk involved.

Key traits of an entrepreneur:

• Innovative – comes up with new ideas or better ways of doing things

• Risk-taking – invests time, money, or effort without guaranteed success

• Problem-solver – focuses on fixing a need or gap in the market

• Independent – often works for themselves

• Persistent – keeps going despite challenges or failures

Examples:

• Starting a clothing brand

• Opening a food truck

• Creating an app

• Running an online business (Etsy, TikTok shop, etc.)

Types of entrepreneurs:

• Small business entrepreneurs (local shops, salons)

• Startup entrepreneurs (tech companies, apps)

• Social entrepreneurs (businesses that focus on helping society or the environment)