You might well wonder whether entrepreneur simply means “a person who starts a business and is willing to risk loss in order to make money” or whether it carries an additional connotation of far-sightedness and innovation. The answer, perhaps unsatisfyingly, is that it can go in either direction.

Entrepreneur has been in used in English to refer to a kind of businessman since at least the middle of the 18th century, when it appeared in translation of the King of Prussia’s instructions for his generals (“. . . if the country happens not to abound in forage, you must agree with some Entrepreneur for the quantity required.”). During the 19th century, it was also used of a go-between or a person who undertakes any kind of activity (as opposed to just a business).

By the early 20th century entrepreneur appears to have taken on the connotation of go-getter when applied to an independent business owner, a quality that may also be found in the phrase entrepreneurial spirit, which began being used at about the same time.