the.com/entrepreneurship
turning uncertainty into a job title before anyone agrees to pay you for it.
means the practice of starting and running a venture by taking on financial risk in pursuit of profit or impact.
from from french entreprendre, to undertake; economist richard cantillon used it in 1730 for those who buy at known prices and sell at uncertain ones, pocketing the risk.
failure ratemost new businesses die within five years
schumpeter's termcalled it creative destruction in 1942
myth checkmost founders are older, not college dropouts