What is Entrepreneur?
[[File:Andrew Carnegie circa 1878 - Project Gutenberg eText 17976.jpg|thumb|right|200px|{{Center|[[Andrew Carnegie]] - a famous entrepreneur}}]] An '''entrepreneur''' is a person who makes a [[business]] to benefit from an opportunity, rather than working as an employee. Entrepreneurs play a key role in any [[economy]]. These are people who have the skills and [[initiative]] necessary to anticipate current and future needs and bring good new ideas to [[market]] or sell Entrepreneurs who are successful in taking on the risks of a [[Startup company|startup]] are rewarded with [[Profit|profits]], [[fame]] and continued growth opportunities. Those who fail suffer losses and become less important in the markets. Many fail, lose money, and close the business.<ref>{{Cite news|url=http://untamedpotential.com/check-if-you-are-an-entrepreneur/|title=Check if you are an entrepreneur. - Untamed Potential|date=2017-08-28|newspaper=Untamed Potential|access-date=2017-11-22|language=en-GB|archive-date=2017-09-29|archive-url=https://web.archive.org/web/20170929024014/http://untamedpotential.com/check-if-you-are-an-entrepreneur/|url-status=dead}}</ref> The entrepreneur assumes the risks and rewards of the venture and is usually the sole proprietor, a [[Partner (business rank)|partner]] or the owner of the business or majority of shares in an [[Corporation|incorporated]] venture. As the main decision maker the entrepreneur monitors and controls the business activities. According to [[Joseph Schumpeter]] (1883 - 1950) entrepreneurs regard profit as a standard for measuring [[achievement]] or success. He discovered that they: * Value [[self-reliance]]; * Strive for distinction through excellence; * Are highly [[Optimism|optimistic]]; * Favor challenges of medium risk. Entrepreneurship is sometimes categorized among the [[factors of production]], along with land/[[Natural resource|natural resources]], [[Labour|labor]] and [[Capital (economics)|capital]]. An entrepreneur combines these to [[Manufactured goods|manufacture g