What is the role of an entrepreneur?

The role of an entrepreneur is fundamentally about starting and operating their own business, which involves leveraging their skills and creativity to bring new products or services to the market. Entrepreneurs take on financial risks by investing their time and resources into their ventures, often with the aim of generating profit. This definition captures the essence of entrepreneurship, highlighting the proactive nature of creating opportunities rather than merely managing existing ones or investing in businesses that are already established.

Entrepreneurs are often characterized by their willingness to innovate and their ability to adapt to changing market conditions. By taking on risks, they not only pursue potential rewards but also contribute to economic growth and job creation through the establishment of new businesses.