economy

definition of entrepreneur

An entrepreneur is called that person who knows how to discover, identify a specific business opportunity and then they will be ready to organize or get the necessary resources to start it and later bring it to fruition. Generally, this term is applied to designate people who out of nowhere, only, with the capital of the idea, manage to create or found a company or help another to do so.

Although there is no specific definition of the term, characteristics such as the flexibility, dynamism, creativity, orientation towards adventure and risk, serve to describe very well the profile that the entrepreneur will observe.

Many, surely, will believe that this entrepreneurial concept is a relatively new concept, however, this is not the case, but on the contrary, the concept arose approximately at the beginning of the 16th century with the objective and rationale of naming those adventurers who traveled to the New World in search and hunting of new opportunities, without knowing very well what they would find when they reached the goal. Also, people involved with military expeditions were often referred to as entrepreneurs. Then, already in the 18th century, the French took over the term because they used it a lot to designate those who were dedicated to construction, such as architects.

It was not until the middle of the 18th century that the French writer Richard Cantillion applied it with the economic sense that the term has today throughout the world: to refer to those entrepreneurs who risk everything for everything for an idea.

From what we have been commenting on about the term, it follows that what makes a person an entrepreneur in addition to identifying a specific business / expedition opportunity and not being afraid of the uncertainty that surrounds and primarily characterizes it.

Obviously, in the economic context in which we live today, there are no longer many expeditionaries eager to find riches and adventures in some virgin continent, therefore, people who have this entrepreneurial profile tend to be more focused on the function or activity of an economic nature, such as, for example, they may be responsible for giving life to most of the SMEs (Small and Medium Enterprises) that exist in the world.