A business entrepreneur is really an individual who has possession of a brand new enterprise, venture or concept and is also responsible for the natural challenges and also the outcome of such business. The word was actually a loanword from France and was first defined by the Irish-French economist Richard Cantillon. Entrepreneur in English is often a term utilized by an individual who is prepared to release a brand new enterprise or business as well as acknowledge full accountability for any end result. Jean-Baptiste Say, a French economist, is actually considered to have created the word “entrepreneur” within the 19th century – he defined an entrepreneur as “one who undertakes an enterprise, especially a contractor, acting as intermediatory between capital and labour”.
For the very first time within the 25 years of the World Entrepreneur of The Year award, a female entrepreneur has been given the coveted award. Olivia Lum, Group Chief Executive Officer and president of Hyflux Limited, ended up being the chosen one. Olivia Lum founded Hyflux in 1989 in Singapore with two staff along with a start-up capital of USD 15K. Nowadays Hyflux has turned out to be on the list of world