There are many different definitions of Entrepreneurship.

Entrepreneurship is the process of designing, launching, and running a new business which is often initially a small business. The people who create these businesses are called entrepreneurs.
– Wikipedia

One who organises and manages any enterprise, esp one involving considerable risk.
– Macquarie Dictionary

A person who sets up a business or businesses, taking on financial risks in the hope of profit.
– Oxford Dictionary

Someone who undertakes a significant project or activity finding new or better ways of doing things; they are opportunity-aware, take risks and utilise a range of behaviours, such as initiative and innovation, that create value and contribute to their success.
– Australian Curriculum, ACARA

Entrepreneurs usually exhibit behaviours including creativity, problem solving, lateral thinking and using initiative. Entrepreneurs are able to think broadly about how to create or run a business today and into the future, taking into account new technologies, sustainability and global perspectives.

Entrepreneurial skills and behaviours include:

  • Creating valuable goods/services
  • Being able to sell a vision
  • Creative problem-solving
  • Organisational skills
  • Taking risks and managing risk
  • Taking action and getting things done
  • Working collaboratively
  • Working independently
  • Being self-aware and believing in yourself
  • Good communication skills
  • Critical thinking
  • Resilience

Entrepreneurs who set up a new business with the main purpose of making money are sometimes called commercial entrepreneurs.

Social entrepreneurs set up businesses with the main purpose of helping a particular group in the society.

Environmental entrepreneurs set up a business with the main purpose of benefitting the environment.