An entrepreneur can be described as an individual who initiates or arranges the establishment of a business and actively participates in its day-to-day operations. In simpler terms, an entrepreneur is someone who starts and maintains their own company.
According to Investopedia, entrepreneurs often fund their ventures through loans from investors, their personal savings, or financial assistance from their families. This underscores the significance of having a well-structured financial strategy and a comprehensive comprehension of the inherent risks associated with the business endeavor.
While there isn't a singular "correct" path to becoming an entrepreneur, the typical career progression generally follows these steps: