Describe classic definitions of an entrepreneur


Assignment task: Consider the following four individuals and discuss whether

i) Do they fit each of the three classic definitions of an entrepreneur? Make sure you explain whether each person fits each of the three definitions.

ii) Could they be described as a necessity or opportunity entrepreneur?  

1. Nick is a social media influencer who produces and publishes his show on YouTube and other platforms, using his equipment at home.   

2. Lisa is attending university. She is also an app developer for Android and iOS. With the earnings, she can financially support herself (tuition and living expenses).    

3. Nora is a very successful lawyer with her own law firm.

4. Steve was recently laid off from his job at Scotia Bank. He is currently pursuing a career as an independent financial adviser.

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