- Definition
An entrepreneur is someone who starts their own business, taking on the challenge and risk to make it successful.
Someone who designs a new video game and starts a company to sell it is an entrepreneur.
How to teach this in 30 seconds
Try this analogy: An entrepreneur is like someone who starts a lemonade stand, figuring out what they need, running the stand, and taking the risk that it might not make money.
Ask your child: What problem at school could you start a business to solve?
Common mix-up: Kids might think an entrepreneur is just a boss who tells people what to do. The key idea is that an entrepreneur creates the business from scratch and takes on the financial risk themselves.
Examples
- A baker who opens their own neighbourhood cupcake shop.
- A teen who starts a dog-walking service for their neighbours.
- Someone who invents a new phone case and sells it online.
entrepreneur is a term used in Ontario’s Kindergarten to Grade 8 curriculum.
Where this shows up
The descriptions on this page are SmartStudy’s own original, plain-language writing — not the Ministry’s wording. They are aligned to the Ontario Curriculum, © King’s Printer for Ontario. For the Ministry’s official wording, see the source link below. SmartStudy is an independent service and is not affiliated with, endorsed by, or sponsored by the Government of Ontario or the Ministry of Education. Ontario Curriculum and Resources ↗
