Entrepreneurship: A Working Definition

Harvard Business Review

But like the terms "strategy" and "business model," the word "entrepreneurship" is elastic. For some, it refers to venture capital-backed startups and their kin; for others, to any small business. I'll spare you the results, and focus instead on the definition we use at Harvard Business School. For example, a new venture might employ a new business model for an innovative product. predisposition for risk taking; preference for independence).