By: Ace York
Definition of an entrepreneur
An entrepreneur is a person who takes a risk in starting their own business in order to make a profit. Entrepreneurship is the process of starting, organization, managing, and assuming the responsibility for a business.
Characteristics of a good entrepeneur
Good entrepreneurs are persistent, inquisitive, energetic, goal oriented, independent, self-confident, creative, reliable, and competitive. The have great problem solving skills, tolerance for ambiguity, strong integrity, personal initiative, ability to secure resources, capability to learn from failure, willingness to work hard.
Entrepreneurship is a big part in the U.S. economy. Almost one in ten of all Americans between the ages of 18-64 are involved in some type of entrepreneurship. More than 670,000 new businesses are created each year. However, starting a new business is very risky. About as many small businesses close as start each year.