An entrepreneur "has possession of a new enterprise, venture or idea and is accountable for the inherent risks and the outcome."
By definition, this means that an entrepreneur is committed to his/her undertaking - believes that it has merit and is worth putting lots of time and effort into bringing into reality. Entrepreneurs are risk-takers who are willing to invest time and effort and money in the possibility of realizing profit through the new undertaking. Entrepreneurs frequently need to be good salespersons so they can sell their idea to others who can help with financial backing or in other ways as the idea is being developed and implemented. Entrepreneurs need to be good organizers who can give attention to the details that are important when starting a new business. Entrepreneurs need to be willing to wait for fulfillment of their dream, understanding that it may take a long time - and may not ever happen - for their creation to become a successful business.