What does it mean to be an entrepreneur?

Being an entrepreneur means identifying a market opportunity and starting a business to exploit that opportunity. This involves recognizing gaps in the market where consumer needs are not fully met or where business improvements can be made. Entrepreneurs are not just managers or employees; they take on the risk of launching a new venture, which includes developing ideas, creating business plans, and securing funding to bring their concepts to life. The essence of entrepreneurship lies in initiative and innovation—seeing potential where others may not and being willing to take action to turn that vision into reality. This proactive approach is foundational to entrepreneurship, distinguishing it from other roles or functions within a business, such as management or support services.