The dictionary defines an entrepreneur as “A person who takes direct responsibility for turning an idea into a profitable finished product through assertive risk-taking and innovation”.

It then defines an intrepreneur as “”A person within a large corporation who takes direct responsibility for turning an idea into a profitable finished product through assertive risk-taking and innovation”.

But it’s not that simple.

Firstly, I do not believe that all entrepreneurs are necessarily “assertive risk takers” as the dictionary definition suggests. I accept that some are, and they will risk everything on the throw of a single die, but I believe that these are actually in the minority. Most entrepreneurs I have met are really quite risk averse, in that they will only take the risks that are necessary to create and maintain their business, but only to an acceptable level, and they will also understand when to call it quits. Some…