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An entrepreneur (a loanword from French introduced and first defined by an Irish economist named Richard Cantillon) is a person who undertakes and operates a new enterprise or venture and assumes some accountability for the inherent risks. In the context of the creation of for-profit enterprises, entrepreneur is often synonymous with founder.
Most commonly, the term entrepreneur applies to someone who establishes a new entity to offer a new or existing product or service into a new or existing market, whether for a profit or not-for-profit outcome.
Business entrepreneurs often have strong beliefs about a market opportunity and are willing to accept a high level of personal, professional or financial risk to pursue that opportunity. Business entrepreneurs are often highly regarded in U.S. culture as critical components of its capitalistic society.
Famous Australian entrepreneurs include
Dick Smith (electronics). Gerry Harvey (auction house turned to homewares and electronics retailer) Ian Scarffe (founded unique computer cleaning franchise) Frank Lowy (shopping centre real estate) Famous British entrepreneurs include:
Richard Branson (travel and media) James Dyson (home appliances) Alan Sugar (computers).