Entrepreneur definition : What is entrepreneurship ? In addition to the practical aspects of starting a business, entrepreneurship can also be thought of as a mindset and lifestyle. To succeed in entrepreneurship , you need to keep learning, take action to achieve your goals, foster your passions, and connect to a sense of purpose. Typically, two major characteristics of entrepreneurship are risk-taking and forward-thinking. Risk-taking is the awareness that even though your business may not ... Guide to Entrepreneurship & its meaning . We explain its types, characteristics, comparison with entrepreneur & intrapreneurship, & examples. Entrepreneurship is the state of being an entrepreneur, who organizes, manages, and assumes the risk of a business. Learn about the historical theorists of entrepreneurship , such as Cantillon, Smith, Say, and Schumpeter, and their contributions to the concept.