"Entrepreneur is a loanword from French and was first defined by the Irish-French economist Richard Cantillon as the person who pays a certain price for a product to resell it at an uncertain price, thereby making decisions about obtaining and using the resources while consequently admitting the risk of enterprise. The term first appeared in the French Dictionary "Dictionnaire Universel de Commerce" of Jacques des Bruslons published in 1723."In the original definition -- a reseller or middleman -- the word entrepreneur hardly conjures up the glamor and symbolism that are associated with it today: a world of Valleys, Alleys, start-ups, venture capital, IPOs and potential riches.
Despite the pop culture mythology attached to modern entrepreneurs, life for most business owners is more mundane than commonly portrayed. They are a practical lot, more concerned with making payroll than the size of their bankroll.
And even though Americans like to think we are the masters of commercial risk-taking, we aren't even the most entrepreneurial society. Be that as it may, both the uncertainly and the "risk of the enterprise" surely remain the same as it ever was.
For many, the difference between success and failure comes down to how well they "make decisions about obtaining and using resources." In other words, the path they choose to get what's in their head (vision) into operation (execution) in their business in a way that allows them sufficient sustained profitability to endure.