{"id":2989,"date":"2023-02-19T16:11:15","date_gmt":"2023-02-19T16:11:15","guid":{"rendered":"https:\/\/content.one.lumenlearning.com\/introductiontobusiness\/chapter\/introduction-to-entrepreneurs\/"},"modified":"2025-05-22T14:55:04","modified_gmt":"2025-05-22T14:55:04","slug":"introduction-to-entrepreneurs","status":"publish","type":"chapter","link":"https:\/\/content.one.lumenlearning.com\/introductiontobusiness\/chapter\/introduction-to-entrepreneurs\/","title":{"raw":"Learn It 8.2.1: What Is an Entrepreneur?","rendered":"Learn It 8.2.1: What Is an Entrepreneur?"},"content":{"raw":"<section class=\"textbox learningGoals\">\r\n<ul>\r\n\t<li><span data-sheets-value=\"{&quot;1&quot;:2,&quot;2&quot;:&quot;Define entrepreneur&quot;}\" data-sheets-userformat=\"{&quot;2&quot;:14721,&quot;3&quot;:{&quot;1&quot;:0},&quot;10&quot;:0,&quot;11&quot;:4,&quot;14&quot;:{&quot;1&quot;:2,&quot;2&quot;:0},&quot;15&quot;:&quot;Calibri&quot;,&quot;16&quot;:10}\">Define entrepreneur<\/span><\/li>\r\n\t<li><span data-sheets-value=\"{&quot;1&quot;:2,&quot;2&quot;:&quot;Identify traits that successful entrepreneurs share&quot;}\" data-sheets-userformat=\"{&quot;2&quot;:15233,&quot;3&quot;:{&quot;1&quot;:0},&quot;10&quot;:0,&quot;11&quot;:4,&quot;12&quot;:0,&quot;14&quot;:{&quot;1&quot;:2,&quot;2&quot;:0},&quot;15&quot;:&quot;Calibri&quot;,&quot;16&quot;:10}\">Identify traits that successful entrepreneurs share<\/span><\/li>\r\n\t<li><span data-sheets-value=\"{&quot;1&quot;:2,&quot;2&quot;:&quot;Recognize the different types of people who become entrepreneurs&quot;}\" data-sheets-userformat=\"{&quot;2&quot;:15233,&quot;3&quot;:{&quot;1&quot;:0},&quot;10&quot;:0,&quot;11&quot;:4,&quot;12&quot;:0,&quot;14&quot;:{&quot;1&quot;:2,&quot;2&quot;:0},&quot;15&quot;:&quot;Calibri&quot;,&quot;16&quot;:10}\">Recognize the different types of people who become entrepreneurs<\/span><\/li>\r\n\t<li><span data-sheets-value=\"{&quot;1&quot;:2,&quot;2&quot;:&quot;Understand why people choose to be entrepreneurs&quot;}\" data-sheets-userformat=\"{&quot;2&quot;:14720,&quot;10&quot;:0,&quot;11&quot;:4,&quot;14&quot;:{&quot;1&quot;:2,&quot;2&quot;:0},&quot;15&quot;:&quot;Calibri&quot;,&quot;16&quot;:10}\">Understand why people choose to be entrepreneurs<\/span><\/li>\r\n<\/ul>\r\n<\/section>\r\n<h2>Entrepreneurship<\/h2>\r\n<p>In American culture, there is an ideal that anyone can be successful if they work hard enough. Whether it's true or not, this ideal is often what prompts entrepreneurship: the idea that one person can work hard enough to turn a good idea into a successful company. In this section, we\u2019ll explore what it means to be an entrepreneur, from definition to categories, traits, and motivation.<\/p>\r\n<h2>What Is an Entrepreneur?<\/h2>\r\n<p>Merriam-Webster defines an <strong>entrepreneur<\/strong> as \u201cone who organizes, manages, and assumes the risks of a business or enterprise.\u201d What\u2019s missing\u2014or perhaps understated\u2014in this definition is the importance of initiative. It's more accurate to define an entrepreneur as someone who sees an opportunity\u2014some hole in the market, or some way to better provide a current service\u2014and works effectively to create a solution, carefully designing how the solution will be made and distributed.<\/p>\r\n<p>Atari and Chuck E. Cheese founder Nolan Bushnell captures both the initiative and sense of urgency that is part of the entrepreneur\u2019s DNA: \u201cA lot of people have ideas, but there are few who decide to do something about them now. Not tomorrow. Not next week. But today. The true entrepreneur is a doer, not a dreamer.\u201d<\/p>\r\n<section class=\"textbox example\">\r\n<p>[embed]https:\/\/www.youtube.com\/watch?v=ZcVvlVV5dkU[\/embed]<\/p>\r\n<p>You can view the <a href=\"https:\/\/course-building.s3.us-west-2.amazonaws.com\/Intro+to+Business\/transcripts\/TheVideoGameGeniusBehindChuckE.Cheeses.html\" target=\"_blank\" rel=\"noopener\">transcript for \u201cThe Video Game Genius Behind Chuck E. Cheese\u2019s\u201d here (opens in new window).<\/a><\/p>\r\n<\/section>\r\n<section class=\"textbox tryIt\">[ohm2_question height=\"350\"]4468[\/ohm2_question]<\/section>","rendered":"<section class=\"textbox learningGoals\">\n<ul>\n<li><span data-sheets-value=\"{&quot;1&quot;:2,&quot;2&quot;:&quot;Define entrepreneur&quot;}\" data-sheets-userformat=\"{&quot;2&quot;:14721,&quot;3&quot;:{&quot;1&quot;:0},&quot;10&quot;:0,&quot;11&quot;:4,&quot;14&quot;:{&quot;1&quot;:2,&quot;2&quot;:0},&quot;15&quot;:&quot;Calibri&quot;,&quot;16&quot;:10}\">Define entrepreneur<\/span><\/li>\n<li><span data-sheets-value=\"{&quot;1&quot;:2,&quot;2&quot;:&quot;Identify traits that successful entrepreneurs share&quot;}\" data-sheets-userformat=\"{&quot;2&quot;:15233,&quot;3&quot;:{&quot;1&quot;:0},&quot;10&quot;:0,&quot;11&quot;:4,&quot;12&quot;:0,&quot;14&quot;:{&quot;1&quot;:2,&quot;2&quot;:0},&quot;15&quot;:&quot;Calibri&quot;,&quot;16&quot;:10}\">Identify traits that successful entrepreneurs share<\/span><\/li>\n<li><span data-sheets-value=\"{&quot;1&quot;:2,&quot;2&quot;:&quot;Recognize the different types of people who become entrepreneurs&quot;}\" data-sheets-userformat=\"{&quot;2&quot;:15233,&quot;3&quot;:{&quot;1&quot;:0},&quot;10&quot;:0,&quot;11&quot;:4,&quot;12&quot;:0,&quot;14&quot;:{&quot;1&quot;:2,&quot;2&quot;:0},&quot;15&quot;:&quot;Calibri&quot;,&quot;16&quot;:10}\">Recognize the different types of people who become entrepreneurs<\/span><\/li>\n<li><span data-sheets-value=\"{&quot;1&quot;:2,&quot;2&quot;:&quot;Understand why people choose to be entrepreneurs&quot;}\" data-sheets-userformat=\"{&quot;2&quot;:14720,&quot;10&quot;:0,&quot;11&quot;:4,&quot;14&quot;:{&quot;1&quot;:2,&quot;2&quot;:0},&quot;15&quot;:&quot;Calibri&quot;,&quot;16&quot;:10}\">Understand why people choose to be entrepreneurs<\/span><\/li>\n<\/ul>\n<\/section>\n<h2>Entrepreneurship<\/h2>\n<p>In American culture, there is an ideal that anyone can be successful if they work hard enough. Whether it&#8217;s true or not, this ideal is often what prompts entrepreneurship: the idea that one person can work hard enough to turn a good idea into a successful company. In this section, we\u2019ll explore what it means to be an entrepreneur, from definition to categories, traits, and motivation.<\/p>\n<h2>What Is an Entrepreneur?<\/h2>\n<p>Merriam-Webster defines an <strong>entrepreneur<\/strong> as \u201cone who organizes, manages, and assumes the risks of a business or enterprise.\u201d What\u2019s missing\u2014or perhaps understated\u2014in this definition is the importance of initiative. It&#8217;s more accurate to define an entrepreneur as someone who sees an opportunity\u2014some hole in the market, or some way to better provide a current service\u2014and works effectively to create a solution, carefully designing how the solution will be made and distributed.<\/p>\n<p>Atari and Chuck E. Cheese founder Nolan Bushnell captures both the initiative and sense of urgency that is part of the entrepreneur\u2019s DNA: \u201cA lot of people have ideas, but there are few who decide to do something about them now. Not tomorrow. Not next week. But today. The true entrepreneur is a doer, not a dreamer.\u201d<\/p>\n<section class=\"textbox example\">\n<p><iframe loading=\"lazy\" id=\"oembed-1\" title=\"The Video Game Genius Behind Chuck E. Cheese\u2019s\" width=\"500\" height=\"281\" src=\"https:\/\/www.youtube.com\/embed\/ZcVvlVV5dkU?feature=oembed&#38;rel=0\" frameborder=\"0\" allowfullscreen=\"allowfullscreen\"><\/iframe><\/p>\n<p>You can view the <a href=\"https:\/\/course-building.s3.us-west-2.amazonaws.com\/Intro+to+Business\/transcripts\/TheVideoGameGeniusBehindChuckE.Cheeses.html\" target=\"_blank\" rel=\"noopener\">transcript for \u201cThe Video Game Genius Behind Chuck E. Cheese\u2019s\u201d here (opens in new window).<\/a><\/p>\n<\/section>\n<section class=\"textbox tryIt\"><iframe loading=\"lazy\" id=\"ohm4468\" class=\"resizable\" src=\"https:\/\/ohm.one.lumenlearning.com\/multiembedq.php?id=4468&theme=lumen&iframe_resize_id=ohm4468&source=tnh&show_question_numbers\" width=\"100%\" height=\"350\"><\/iframe><\/section>\n","protected":false},"author":21,"menu_order":8,"template":"","meta":{"_candela_citation":"[{\"type\":\"original\",\"description\":\"Introduction to Entrepreneurs\",\"author\":\"Nina Burokas\",\"organization\":\"Lumen Learning\",\"url\":\"\",\"project\":\"\",\"license\":\"cc-by\",\"license_terms\":\"\"},{\"type\":\"copyrighted_video\",\"description\":\"The Video Game Genius Behind Chuck E. 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