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An entrepreneur is a person who has possession o f a new enterprise, venture or idea and is accountable for the inherent risks and the outcome of a product. [note 1] The term was originally a loanword from French and was first defined by the Irish-French economist  Richard Cantillon . Entrepreneur in English is a term applied to a person who is willing to help launch a new venture or enterprise and accept full responsibility for the outcome. Jean-Baptiste Say , a French economist, is believed to have coined the word "entrepreneur" in the 19th century - he defined an entrepreneur as "one who undert akes an enterprise, especially a contractor, acting as intermediatory between capital and labour". [note 2] A broader definition by Say: "The entrepreneur shifts economic resources out of lower and into higher productivity and greater yield." [clarification needed ]  Contents [hide] y 1 Leadership attributes  y 2 Influences, personality traits, and characteristics  y 3 Types of entrepreneurs  o 3.1 Social entrepreneur  o 3.2 Serial entrepreneur  o 3.3 Lifestyle entrepreneur y 4 See also y 5 Notes y 6 References y 7 Further reading y 8 External links [edit] Leadership attributes The entrepreneur leads the firm or organization and also demonstrates leadership qualities by selecting managerial staff. Management skill and strong team building abilities are essential leadership attributes for successful entrepreneurs. Scho lar Robert. B. Reich considers leadership, management ability, and team-building as essential qualities of an entrepreneur. This concept has its origins in the work of Richard Cantillon in his  Essai  sur la Nat ure d u Commerce en (1755) and Jean-Baptiste Say [note 3] in his Treati  se on Political  E conomy.  Entrepreneurs emerge from the population on demand, and become leaders because they  perceive opportunities available and are well-positioned to take advantage of them. An entrepreneur may perceive that they are among the few to recognize or be able to solve a  problem. Joseph Schumpeter saw the entrepreneur as innovators and po pularized the uses of the  phrase creative destruction to describe his view of the role of entrepreneurs in changing business norms. Creative destruction encompasses changes entrepreneurial activity makes every t ime a new process, product or company enters the markets.

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