Entrepreneurbusiness innovator who establishes a new business entity to offer a new or existing product or service into a new or existing market for profitable motivations. Entrepreneurs often have strong beliefs about a market opportunity and are willing to accept a high level of personal, professional and financial risk to pursue that opportunity. An entrepreneur must possess a variety of different skill-sets that span most, if not all, business functions because they often begin with limited resources.
Entrepreneurs are often highly regarding in American culture as being a critical component of its capitalistic society. Famous entrepreneurs include: Henry Ford (automobiles), J. Pierpont Morgan (banking), Thomas Edison (electricity/light bulbs), Bill Gates (computer operating systems and applications) and others.
See also: Entrepreneurship