The word entrepreneur stems from the economist Schumpeter back in early 1900. Back then, he gave real meaning to the term entrepreneur. It is a risk taker who constantly procreates innovation by combining all necessary means of production to realize his business idea. In other words, creative destruction, which implies a successful adaptation of innovation that replaces old technologies. So, besides that, an entrepreneur is the owner of a business; he demonstrates entrepreneurial activity and takes calculated risks. So, it has much more to do with the entrepreneurial mindset than owning a business. "An entrepreneur is an enterprising business owner"