Dictionary.com says an entrepreneur is a person who organizes and manages any enterprise, especially a business. They usually do this with considerable initiative and risk.
Many may assume that the term and concept is now. That is not true.
Jean-Baptiste Say (1767-1832) was French economist and businessman who came up with the term. He is known for as an insightful thinker in the history of economic science. Additionally, he was a major proponent of Adam Smith’s self-directing economic system of competition, natural liberty, and limited government.
He emphasized the vital and creative roles of the entrepreneur in the economy as forecaster, project appraiser, and risk taker. Attributes of an effective entrepreneur according to the Frenchman are judgment and perseverance and knowledge of the world.
Does the definition still hold true?