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Entrepreneur
An individual who creates a business and bears associated risks.
Entrepreneurship
Derived from the French word 'intrependre,' meaning "to undertake"; key to innovation, productivity, and effective competition.
Contribution to Economic Growth
Involves developing new markets, discovering new sources, establishing new technology and products, and generating jobs.
Traits of an Entrepreneur
Includes being adaptable, decisive, self-aware, persistent, innovative, having foresight, and being self-assured.
Attributes of Practicing Entrepreneurship
Encompasses willingness to learn, problem-solving skills, risk-taking attitude, goal-setting, networking abilities, and financial management expertise.
Elements Defining Entrepreneurial Lifestyle
Involves zest for life, time for family and private life, personal goals aligned with business objectives, financial success, knowledge, skills, attitude, motivation, determination, practicality, independence, flexibility, resiliency, and a systematic approach.