entrepreneur

An entrepreneur is a person who has possession of a new enterprise, venture or idea and is accountable for the inherent risks and the outcome of a product.^{[note 1]} The term was originally a loanword from French and was first defined by the Irish-French economist Richard Cantillon. Entrepreneur in English is a term applied to a person who is willing to help launch a new venture or enterprise and accept full responsibility for the outcome. Jean-Baptiste Say, a French economist, is believed to have coined the word "entrepreneur" in the 19th century - he defined an entrepreneur as "one who undertakes an enterprise, especially a contractor, acting as intermediatory between capital and labour".^{[note 2]} A broader definition by Say: "The entrepreneur shifts economic resources out of lower and into higher productivity and greater yield."^{[clarification needed]}


 CHARACTERISTICS OF AN ENTREPRENEUR

• Responsible
• Hard Worker
• Risk Taker
• Creative
• Flexible
• Follows through with ideas
• Personable
• Optimistic
• Perceptive
• Self-confident
• Determined
• High degree of energy
• Innovative
• Independent
• Ability to anticipate needs
• Effective communicator
• Responsive to criticism
• Able to take the lead
• Learn from mistakes
• Self-directed