Entrepreneur is one who owns and manages a business.

Entrepreneurs are often considered risk-takers. Some of the risks one faces when starting and running one’s own business include competition with similar businesses, the creation of new products, increase cost of raw materials, and economic downturns decreasing one’s potential customer/client base.

Some famous entrepreneurs include: Bill Gates (Microsoft Corporation), Oprah Winfrey (Harpo Productions), Milton Hershey (Hershey Chocolate), and Richard Branson (Virgin Group).