What is an entrepreneur?

An entrepreneur is defined as an individual who starts and operates a business while taking on financial risks. This means that entrepreneurs are not just managing existing enterprises; instead, they are innovators who create new business opportunities, develop their ideas, and bring them to market. They assume the financial responsibility for their ventures, which includes potential losses, making their role distinct from that of an employee or someone who merely advises on business strategy. This definition encapsulates the essence of entrepreneurship: the willingness to take risks in pursuit of new business ventures and innovations.

In contrast, the other choices reflect different roles within the business sector. Managing an existing business typically involves overseeing its operations without the inherent risks associated with starting it from scratch. Organizing company events is a specific role that does not encompass the broader responsibilities of entrepreneurship. Advising on strategy, while valuable, relates to providing guidance and expertise rather than the act of starting a business and managing its financial risks directly. Thus, the best definition provided is that of the entrepreneur, who is both a risk-taker and a creator.