An entrepreneur is someone who is the directing force behind a business venture. This person sees an opportunity, arranges for sufficient funding, and hires personnel and acquires other assets in order to provide goods and services to customers. This individual is not necessarily driven just by the opportunity for profit; the driving force may instead be a need to fill a niche in the market that is not currently being filled, or to create a service that is better than anything currently available.

A country with a deep entrepreneurial tradition is more likely to perform well, since it has a number of people who are driven to improve the capabilities of the economy.