What is an entrepreneur?
Although entrepreneurs are business owners, not all business owners are entrepreneurs. Entrepreneurs are innovators by nature who seek to change or disrupt their industry in some significant way rather than simply service an existing customer base. Some entrepreneurs are financed by venture capital or hedge funds, but many others are self-funded, which leads to a wide range of business sizes run by entrepreneurs.
There are many definitions of the word “entrepreneur,” but you’ll know one by how they approach the business world. Are they looking to simply take over an existing business model, or are they finding unmet needs and filling them? The innovators typically come to mind when we think about entrepreneurs.