Take Risk and Earn Money
An entrepreneur is a person who has possession of a new enterprise, venture or idea and assumes significant accountability for the inherent risks and the outcome. The term is originally a loanword from French and was first defined by the Irish economist richand cantillon. Entrepreneur in English is a term applied to the type of personality who is willing to take upon him a new venture or enterprise and accepts full responsibility for the outcome. Jean-Baptise Say, a French economist is believed to have coined the word "entrepreneur" first in about 1800. He said an entrepreneur is "one who undertakes an enterprise, especially a contractor, acting as intermediatory between capital and labour."
DIFFERENCE BETWEEN ENTREPRENEUR AND BUSINESSMAN
Entrepreneur who starts the business from scratch. for example, initiating the plan , materializing and implementing . and also creating brand for his products and services.
In simple words entrepreneur who run the business in a unique form.
Businessman who follow up the market trying to capture the existing customers by doing some additional or value added services in the existing products and services category.
What is the difference between an MBA and entrepreneur?
An entrepreneur is someone who owns and operates a business and reaps the rewards of that business. He/she invests all the time, money, and effort, to run that business and assumes all the responsibilities. In addition, he/she as that business owner also assumes all the risks of owning that business (loss of money, time, effort and failure etc.) should it not go well. An MBA is a college or university master's degree that is specific to business administration.
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