The entrepreneur, according to French economist J.B. Say, "is
a person who shifts economic resources out of an area of lower and
from an area of higher productivity and yield." But Say’s definition (1)
does not tell us who this entrepreneur is. Some define the entrepreneur
simple as one who starts his or her own new and small business. For (2)
our purposes, we will define the entrepreneur as a person who takes the
necessary risks to organize and manage a business and receives the
financial profits and nonmonetary reward. (3)
The man who opens a small pizza restaurant is of business, but (4)
is he an entrepreneur He took a risk and did something, but did he
shift resources or started the business If the answer is yes, then he is (5)
considered an entrepreneur. Ray Kroc is an example of an entrepreneur
because he founded and established McDonald’s. His hamburgers
were not a new idea, and he applied new techniques, resource allocations, (6)
and organizational methods in his venture. Ray Kroc upgraded the
productivity and yield from the resources applying to create his fast-food (7)
chain. This is what entrepreneurs do; this is what entrepreneurship
means.
Entrepreneurs exhibit similar behaviors; searching for a (8)
specific personality pattern is very difficult. Some entrepreneurs are
quiet, introverted, and analytical. At the other hand, some are brash, (9)
extroverted, and very emotional. Many of them share some qualities.
Viewing change as the norm, entrepreneurs usually search for it, respond
to it, and treat it as opportunity. (10)