Who are entrepreneurs?

Updated: Feb 21

A person who takes risk and makes decision to organise resources to produce goods and services

Illustration of Elon Musk by @gilangbogy

Are entrepreneurs born or made?

Entrepreneurs have the following traits, they;

  1. Are willing to take risk,

  2. Hard-working and dedicated,

  3. Innovative and creative,

  4. Passionate about their work,

  5. Self-driven/motivated or persistent,

  6. Confident,

  7. Quick learner or analytical,

  8. Communicates well

Sometimes, an entrepreneur is willing to make sacrifices and take risk at their own expense for their business. Does Elon Musk have such traits?


  1. What are the advantages or disadvantages of being an entrepreneur?


  1. What is meant by "entrepreneur"? (2 marks) May/June 2019/11

  2. Identify and explain two reasons to start up a business (4 marks) May/June 2019/11