the.com/entrepreneur
someone who quits a stable job to be gloriously, unpredictably employed by everyone and no one.
means a person who starts and runs a business, absorbing the financial risk in exchange for the chance at outsized reward and total control.
from from french entreprendre, to undertake; economist richard cantillon coined the term in the 1730s for those who buy at certain prices and sell at uncertain ones, betting on the gap.
cantillon riskoriginal definition was purely about bearing uncertainty
failure rateabout 90 percent of startups eventually fail
schumpeter's termcalled them agents of creative destruction in 1942
median outcomemost earn less than they would employed
for instance
sara blakely — cut the feet off pantyhose in 1998, built spanx, became a billionaire
jack ma — rejected 30 jobs including kfc, founded alibaba, once worth 25 billion