The word entrepreneur refers to a person who has identified a need and has an innovative business idea to fill that void. Entrepreneurs are willing to take on the many risks of implementing their idea, and also take on the role as leader of their company or organization.

While the stereotypical image of an entrepreneur is of someone building a business from the ground up, there are other options as well, such as buying or adding to an existing business (for example, a franchise owner) or taking over a family-run business. A business entrepreneur is someone who has an idea or product for the business world. A social entrepreneur is someone who has innovative ideas for social change, or new solutions to social problems, and dedicates their time to bringing these ideas to fruition. A serial entrepreneur refers to someone who has a lot of ideas and constantly starts up new companies or enterprises to implement these ideas. A lifestyle entrepreneur refers to someone who starts up their idea or venture based on a sport, hobby or pastime they are passionate about. (Sokanu)

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No specific educational requirements are required for entrepreneurship. Those wishing to teach entrepreneurship may require education at the undergraduate and/or graduate levels. The University of Manitoba provides courses in entrepreneurship at both the undergraduate and graduate levels.

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