RESEARCH TRIANGLE PARK, N.C. (TheStreet) -- What is an entrepreneur? A standard definition is someone in possession of a venture, idea or innovation around which he or she builds a business. It is a person who takes risks to succeed. Today's entrepreneur has become almost synonymous with "business owner," but the reality is that there are many business owners who are not entrepreneurs -- they are not pursuing a "new idea."
Entrepreneurs and business owners face significantly different issues. When using the term "entrepreneur," think about people (and their companies) that want to become the next big thing, the next Facebook, Apple(AAPL_), Google(GOOG_), Amazon(AMZN_) or Zappos. They are not in business simply to achieve a level of income to support their lifestyle. Entrepreneurs want more than to pay the bills today; they want future wealth.
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Author: Lea Strickland