What is an entrepreneur, and what role do they play in the economic system?

An entrepreneur is a person who sets up a business, takes entrepreneurial risks and turns innovative ideas into marketable products or services. The key lies in the ability to recognise opportunities, mobilise resources and actively shape new business opportunities.

Entrepreneurs are often the driving force behind innovation, economic growth and structural change in markets and sectors.

Typical characteristics of entrepreneurs are:

  • Willingness to innovate and embrace change
  • high risk appetite
  • Creativity and problem-solving skills
  • entrepreneurial thinking and action
  • Ability to turn ideas into business models
  • Perseverance and resilience

Entrepreneurs take on various roles in this context:

  • Concept by: develop new products or business models
  • Founders: build companies from the ground up
  • Innovators: drive technological or market-related changes
  • Decision-makers: are responsible for strategy and growth

The importance of entrepreneurs lies, in particular, in the fact that they:

  • create new markets
  • to question existing structures
  • Bringing innovations to the economy
  • Promoting jobs and growth
  • drive social and technological developments forward

In start-ups, the entrepreneur is often the central figure who brings together vision, strategy and implementation. Without entrepreneurial action, ideas usually remain theoretical.

innoWerft supports entrepreneurs in structuring their ideas, developing business models and turning innovative projects into successful businesses – from the early concept phase right through to scaling up.