The word ‘entrepreneur‘ has a long history, dating back to the 18th century when the French economist Jean-Baptiste first coined the term. While many people today associate entrepreneurship with financial success, the term’s original meaning was much broader. It encompassed a wide range of creative and innovative endeavors. Richard Cantillon, an Irish-French economist, explored this concept further in his book ‘Essay on the Nature of Trade in General.’ There, he describes an entrepreneur as someone who not only acquires a product at a certain cost but also navigates the unpredictable nature of the market to resell it. This definition perfectly captures the dynamic and ever-changing nature of entrepreneurship.
Quote included in industry story on Empowering Innovators: Celebrating Women Entrepreneurs Day
