An entrepreneur is an individual who innovates by starting a business to address a problem or market need and taking on significant [[risks]] in the process. [[🔎 Entrepreneurship]] drives economic growth by creating jobs and introducing new products, services, or processes. Characterised by their [[vision]] of the [[future]], [[risk-taking]] ability, adaptability, and perseverance, entrepreneurs play a critical role across various industries. Whereas an entrepreneur typically starts and grows a business with the intention of scaling, potentially hiring a team, and often seeking external, investment, a [[🔎 Solopreneur]] operates more independently, managing all aspects of the business without a formal team, focusing on businesses that can be run solo. ## Prominent examples: - [[😊 Elon Musk]]: [[Tesla]], [[SpaceX]], [[xAI]], [[🏦 Neuralink]], [[🏦 OpenAI]] - [[😊 Sam Altman]]: [[🏦 OpenAI]], [[Worldcoin]] - [[Richard Branson]]: [[Virgin Group]] - [[Melanie Perkins]]: [[🏦 Canva]] ## Distinctions based on different funding strategies: - [[🔎 Bootstrapped Entrepreneur]] - [[🔎 Crowdfunded Entrepreneur]] - [[🔎 VC-funded Entrepreneur]]