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Entrepreneurial: meaning, definitions and examples

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entrepreneurial

 

[ˌɒn.trə.prəˈnɜːr.i.əl ]

Definitions

Context #1 | Adjective

business development

Relating to the activity of setting up and running businesses, taking on financial risks in the hope of profit.

Synonyms

business-minded, enterprising, innovative.

Which Synonym Should You Choose?

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Word Description / Examples
entrepreneurial

Used when describing someone's ability to start and run new businesses, often showing creativity and risk-taking.

  • She had an entrepreneurial spirit that drove her to launch multiple startups
  • His entrepreneurial ventures have significantly impacted the tech industry
business-minded

Describes someone who thinks in terms of business strategies and profitability, often with a focus on maximizing results.

  • Tom is very business-minded, always considering the financial implications of every decision
  • Her business-minded approach helped the company increase sales by 20%
innovative

Describes someone who introduces new ideas, products, or ways of doing things, especially in a creative and effective manner.

  • The company is known for its innovative solutions in renewable energy
  • Her innovative approach to problem-solving earned her the 'Employee of the Year' award
enterprising

Used for someone who shows initiative and readiness to embark on new projects, reflecting energetic and bold behavior.

  • The enterprising student set up a small online store while still in college
  • His enterprising nature has led him to explore various international markets

Examples of usage

  • His entrepreneurial skills helped him start multiple successful businesses.
  • She had an entrepreneurial spirit and was always looking for new opportunities.
  • The company was built on the entrepreneurial vision of its founder.
Context #2 | Adjective

characteristics

Showing initiative and willingness to take risks in order to make a profit.

Synonyms

ambitious, resourceful, risk-taking.

Which Synonym Should You Choose?

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Word Description / Examples
entrepreneurial

Best for describing someone who starts and manages a new business, especially one that involves risk.

  • Her entrepreneurial spirit drove her to launch a tech startup despite the market competition.
  • The entrepreneurial mindset is essential for innovation and economic growth.
ambitious

Used to describe someone who has a strong desire to achieve success, power, or wealth.

  • He is so ambitious that he is working day and night to get the promotion.
  • Her ambitious plans include becoming the youngest CEO in the company's history.
resourceful

Appropriate for someone who can deal skillfully and promptly with new situations and difficulties.

  • She proved to be very resourceful when she solved the problem with limited resources.
  • Being resourceful is a valuable trait for anyone facing unforeseen challenges.
risk-taking

Ideal when describing someone who is willing to take risks in order to achieve something.

  • His risk-taking nature led him to invest heavily in the new venture.
  • The job requires a risk-taking individual who isn't afraid to make bold decisions.

Examples of usage

  • Her entrepreneurial mindset allowed her to turn challenges into opportunities.
  • Successful entrepreneurs are known for their entrepreneurial drive and determination.

Interesting Facts

Etymology

  • The word comes from the French 'entreprendre', meaning 'to undertake'.
  • It entered the English language in the 19th century, initially to describe someone who undertakes large projects.
  • The term has evolved to encompass not just those who manage businesses, but also innovators who drive change.

Historical Context

  • Throughout history, entrepreneurs have often been pivotal in industrial revolutions, transforming economies.
  • The concept of an entrepreneur was notably expanded by economists like Jean-Baptiste Say in the early 19th century, who emphasized their role in resource allocation.
  • Famous entrepreneurs from history, such as Henry Ford and Steve Jobs, have redefined industries and consumer experiences.

Pop Culture

  • Entrepreneurs are frequently portrayed in films and television as risk-takers and visionaries, like in the movie 'The Social Network', which depicts Mark Zuckerberg's journey.
  • Reality shows such as 'Shark Tank' highlight real-life entrepreneurs pitching their ideas to potential investors, blending entertainment with education.
  • Books and podcasts featuring successful entrepreneurs provide inspiration and strategies for those wanting to start their own ventures.

Psychology

  • Research shows that successful entrepreneurs often possess traits such as resilience, creativity, and a strong internal drive.
  • Studies suggest that the ability to manage fear of failure is crucial for entrepreneurial success, as risks are a central part of business.
  • Networking and social skills are often key predictors of success in entrepreneurship, as many opportunities arise from connections.

Modern Trends

  • The rise of technology has led to a surge in digital entrepreneurship, with many starting online businesses from home.
  • Social entrepreneurship focuses on creating social change and solving issues like poverty and education while making a profit.
  • The gig economy provides new avenues for entrepreneurship with freelance opportunities and on-demand services becoming increasingly popular.

Translations

Translations of the word "entrepreneurial" in other languages:

🇵🇹 empreendedor

🇮🇳 उद्यमशील

🇩🇪 unternehmerisch

🇮🇩 kewirausahaan

🇺🇦 підприємницький

🇵🇱 przedsiębiorczy

🇯🇵 起業家精神の

🇫🇷 entrepreneurial

🇪🇸 emprendedor

🇹🇷 girişimci

🇰🇷 창업의

🇸🇦 ريادي

🇨🇿 podnikatelský

🇸🇰 podnikateľský

🇨🇳 创业的

🇸🇮 podjetniški

🇮🇸 frumkvöðla

🇰🇿 кәсіпкерлік

🇬🇪 მეწარმეობრივი

🇦🇿 sahibkarlıq

🇲🇽 emprendedor

Word Frequency Rank

Ranked #12,100, this word falls into high-advanced vocabulary. It appears less frequently but is valuable for expressing precise meanings in specific contexts.