An entrepreneur is the same as a company director or business owner. In law, it refers to "the person who, in a contract of enterprise, undertakes to carry out work in response to a client's request."
In practice, entrepreneurship has existed for thousands of years.
However, the term "entrepreneur" did not start to appear until the 16th century. Moreover, for many, the concept is still very vague.
Broadly speaking, an entrepreneur is an "agent of production and direction who bears the risks associated with market constraints and price fluctuations."
For society and for entrepreneurs themselves, they’re a source of wealth. At the same time, they create resources and jobs. As a result, they make an active contribution to the economy.
Today, a growing number of people around the world are becoming attracted to entrepreneurship. As proof, the number of small business startups and self-employed workers continues to rise every year.
In the definition of entrepreneurship, the notion of risk is also very important.
To set up a sole proprietorship, the entrepreneur must have a solid business plan and invest their own funds, even if these can be supplemented by financing from a bank.
On a day-to-day basis, to ensure the long-term viability of their business and be successful, entrepreneurs must demonstrate a visionary spirit. They must dare to take risks with their business venture to adapt to market trends and to changes in the behavior of their customers and competitors.
Entrepreneurship is a very broad concept, not linked to any particular profession. In fact, you will find that it can be linked to a whole host of different business sectors.
Likewise, on a day-to-day basis, entrepreneurs take on a wide range of tasks. To keep their company running, they have to be involved in management, human resources, marketing, communications, sales, etc.
A good entrepreneur must be able to negotiate good contracts, find quality suppliers, manage teams, and recruit or train employees.
It's therefore a very broad qualification, which only makes the entrepreneurial profession more exciting.
Although entrepreneurship is popular in many areas across the globe, according to Statista, the US takes the lead when it comes to the top countries for startups, followed by the UK, Israel, Canada, and Sweden. With entrepreneurship on the rise, numerous events are springing up, such as trade fairs dedicated to entrepreneurs organized all over the world, giving rise to all kinds of vocations.
