Who is someone who organizes, operates and assumes the risk of a business venture?

An entrepreneur is someone who takes on the initiative to organize, operate, and assume the risks associated with starting and running a business venture. This role involves not just the creative aspect of developing new ideas or products but also the practical side of establishing a business framework, securing financing, and managing operations. Entrepreneurs are characterized by their willingness to embrace uncertainty and their ability to innovate, which are essential for launching new products or services in the market.

In contrast, managers typically operate within established businesses and are responsible for overseeing day-to-day operations and ensuring organizational goals are met, but they do not inherently take on the risk of the venture itself. A teacher focuses on educating and imparting knowledge to students, while a mentor provides guidance and advice based on their experiences, but neither of these roles involves the entrepreneurial risk-taking and business organization that define an entrepreneur.