A person who undertakes the risk of starting a new business venture is called an entrepreneur.
An entrepreneur creates a firm to realize their idea, known as entrepreneurship, which aggregates capital and labor in order to produce goods or services for profit.
Entrepreneurship is highly risky but also can be highly rewarding, as it serves to generate economic wealth, growth, and innovation.
Ensuring funding is key for entrepreneurs: Financing resources include SBA loans and crowdfunding.
The way entrepreneurs file and pay taxes will depend on how the business is set up in terms of structure.
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