Introduction

The fact that entrepreneurs are the primary source of workplace innovation, wealth creation, and job generation for the US economy is well known. Most of the well-known millionaires today, have built up their wealth in this way. An entrepreneur is someone who has the ability to build and develop his or her own business. In today's fast-paced world of business, many people chose to work for themselves. A career as an entrepreneur is a risky because some start from ground zero with probably only a dollar in their pocket but it is finally rewarded when they succeed. According to Henry, Hill & Leitch (2003) the word entrepreneur was derived from the French word ‘entreprendre’ which means to undertake, and the first person who introduced and used the word of entrepreneur was Richard Cantillon (1680-1734), an Irish economist. Cantillon defined entrepreneur as a person with the foresight and confidence to work in conditions when costs may be known, but rewards are uncertain (Bridge, O’Neill & Cromie 1998). Therefore, it can be concluded that entrepreneurship demands foresight and willingness to assume a risk (Landstrom 1997, cited in Corbetta, Huse & Rovasi 2004).
 * Introduction **