The Guide to Entrepreneurship

1

Chapter 1

Entrepreneurial Timber

1.1 Introduction

An entrepreneur is someone who establishes, organizes, manages, and

assumes the nancial risk of a new business venture. Entrepreneur comes

from the French term entreprende, “to undertake or to build.”

Entrepreneurship is the process of seizing an opportunity to introduce

new products or services in an effort to transform inventions and innova-

tions into monetary value. When entrepreneurship is used to describe activi-

ties within a rm or large organization, it is referred to as intrapreneurship

and may include corporate venturing.

Entrepreneurs come from all backgrounds and operate within indus ...