Define: Entrepreneur

UK Accounting Glossary

Definition: Entrepreneur


Quick Summary of Entrepreneur


A self-motivated individual who forms, runs, and takes all the risks of starting a business.



What is the dictionary definition of Entrepreneur?

Dictionary Definition


Someone who organises a business venture and assumes the risk for it.

  1. A person who organizes and operates a business venture and assumes much of the associated risk.
  2. A person who organizes a risky activity of any kind and acts substantially in the manner of a business entrepreneur.
  3. A person who thrives for success and takes on risk by starting his own venture, service etc.

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Full Definition of Entrepreneur


An entrepreneur is someone who attempts to create a new business or startup. Success as an entrepreneur is the leading path to becoming a self-made millionaire, ahead of all other paths (corporate executive, celebrity, etc.) combined. In his book Getting Rich Your Own Way, Brian Tracy says 74% of self-made millionaires are business owners! The serial entrepreneur is an entrepreneur who continually initiates another startup after the previous one is exited or dissolved. The plan of the entrepreneur to cash out of the successful startup is called an exit strategy. When seed capital is limited, as it usually is for the first-time entrepreneur, the company can be bootstrapped, meaning the entrepreneur funds it personally or uses only the cash flow from operations. Seed money given to an entrepreneur to start a new business, especially by relatives, is sometimes called love money. The word entrepreneur can be traced back to the French verb to undertake.


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Examples of Entrepreneur in a sentence


Magazines such as “Business Week” showcase top-earning entrepreneurs in their annual economic summaries.
Entrepreneurs are creative people who are responsible for many of the greatest ideas of the Information Age.


Synonyms For Entrepreneur


Enterpriser


Cite Term


To help you cite our definitions in your bibliography, here is the proper citation layout for the three major formatting styles, with all of the relevant information filled in.

Page URL
https://payrollheaven.com/define/entrepreneur/
Modern Language Association (MLA):
Entrepreneur. PayrollHeaven.com. Payroll & Accounting Heaven Ltd. February 16, 2020 https://payrollheaven.com/define/entrepreneur/.
Chicago Manual of Style (CMS):
Entrepreneur. PayrollHeaven.com. Payroll & Accounting Heaven Ltd. https://payrollheaven.com/define/entrepreneur/ (accessed: February 16, 2020).
American Psychological Association (APA):
Entrepreneur. PayrollHeaven.com. Retrieved February 16, 2020, from PayrollHeaven.com website: https://payrollheaven.com/define/entrepreneur/

Definition Sources


Definitions for Entrepreneur are sourced/syndicated and enhanced from:

  • A Dictionary of Economics (Oxford Quick Reference)
  • BusinessDictionary.com
  • Oxford Dictionary Of Accounting
  • Oxford Dictionary Of Business & Management

This glossary post was last updated: 9th February 2020.