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Entrepreneurial Meaning: Definition, Examples, and Translations

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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.

Translations

To see the translation, please select a language from the options available.

Interesting Facts

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.

Origin of 'entrepreneurial'

Main points about word origin

  • 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.

The word 'entrepreneurial' is derived from the French word 'entreprendre', which means 'to undertake'. It first appeared in English in the 1820s, referring to someone who organizes and operates a business, taking on financial risks in the pursuit of profit. The concept of entrepreneurship has evolved over time, with 'entrepreneurial' now encompassing a wide range of characteristics related to business innovation and risk-taking.

See also: entrepreneurs.

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.