Definition

entrepreneur

Entrepreneur, translated from its French roots, means "one who undertakes." The term is used to refer to anyone who undertakes the organization and management of an enterprise involving independence and risk as well as the opportunity for profit.

An entrepreneur, typically, is inspired to start a business because the entrepreneur perceives a consumer need that is not being adequately filled. This area of need - sometimes called an "opportunity niche" - can usually be expressed as a problem statement, such as "There is no online resource offering support for failed Web-based entrepreneurs." In fact, that statement was the basis for a new Web business startup recently.

Online business start-ups have continued to increase exponentially since the inception of the World Wide Web. Wireless communications and business-to-business services are two of the most rapidly developing areas of opportunity for entrepreneurs.

This was last updated in September 2005
Posted by: Margaret Rouse

Email Alerts

Register now to receive SearchCIO.com-related news, tips and more, delivered to your inbox.
By submitting you agree to receive email from TechTarget and its partners. If you reside outside of the United States, you consent to having your personal data transferred to and processed in the United States. Privacy

More News and Tutorials

Do you have something to add to this definition? Let us know.

Send your comments to techterms@whatis.com

Join the conversationComment

Share
Comments

    Results

    Contribute to the conversation

    All fields are required. Comments will appear at the bottom of the article.