What I may already know: • Anyone is free to set up a business in Ireland.
Learning Intentions
In this chapter, I will learn: • What an entrepreneur is. • The characteristics and skills of an entrepreneur. • The role of an entrepreneur in an organisation. • The role enterprise plays in a community. • The role enterprise plays in the Irish economy. • The difference between financial, cultural and social enterprise.
Key Words: Entrepreneur Start-up
Enterprise Economy
Entrepreneurship Social entrepreneur
Did You WHAT IS AN ENTREPRENEUR? KNOW?
It was a Kerry man, economist Richard
Cantillion, who first coined the word
‘entrepreneur’ in the eighteenth century.
Many of the well-known businesses that exist today began when an individual had an idea for a new product or service and put in the time, effort and money to make it a reality.
A person who sets up a business is called an entrepreneur. They are willing to take a risk with their own money to produce a new product or service that can be sold at a profit.
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An entrepreneur is someone who takes a personal and financial risk to set up a business with the hope of making a profit.
