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The entrepreneur is commonly seen as an innovator, a source of new ideas, goods, services, and business/or procedures. The process of setting up a business is known as "entrepreneurship". With this definition, entrepreneurship is viewed as change, generally entailing risk beyond what is normally encountered in starting a business, which may include other values than simply economic ones.Īn entrepreneur is an individual who creates and/or invests in one or more businesses, bearing most of the risks and enjoying most of the rewards.

Entrepreneurship is the creation or extraction of economic value.