The word “entrepreneur” is often misused in today’s culture. We tend to call any small business owner an entrepreneur, but let’s look at why this is not necessarily true.
The Oxford Dictionary defines an entrepreneur as someone “who organizes and operates a business or businesses, taking on greater than normal financial risks in order to do so.” The U.S. Small Business Administration (SBA) calls an entrepreneur “a person who organizes and manages a business undertaking, assuming the risk for the sake of profit.”
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