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Illustration of Entrepreneurship

Entrepreneurship

Entrepreneurship is the activity of setting up a business or businesses

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Reads at Grades K-2 Listens at K–3

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The story

The Idea Spark

Have you ever had a super-duper, brilliant idea. Maybe you imagined a robot that could clean your room, or a new game to play with your friends. That little tingle of excitement, that 'What if…?' feeling—that’s me. I’m the spark that makes you want to create something brand new. Before you know my name, you can feel me when you see a problem and think, 'I can fix that.' or see something plain and think, 'I can make that amazing.' I am the whisper that dares you to build, to draw, to try something nobody has ever tried before. I am the little voice that says 'Go for it.' when you think of making a taller block tower or a fancier sandcastle. I'm the happy wiggle you feel when you think of a plan to make something new and exciting for everyone to enjoy. I am the spirit of making new things happen.

Guess what. I’m not new. I’ve been around for a very, very long time, helping people be brave and creative. Thousands of years ago, I was with bold traders in an ancient land called Mesopotamia. They loaded their big boats with colorful fabrics and yummy spices, not knowing for sure if anyone would buy them. They sailed across wavy seas to faraway towns, taking a big risk because they hoped people would love their goods. That's me, helping them take that chance. Many, many years later, around the 12th century, people in a country called France gave me a special name. They called me 'Entrepreneur,' which comes from an old word that means 'to undertake' or 'to get something done.' I was the power behind the people who planned and built giant, beautiful churches called cathedrals that reached for the sky. They had a big vision and worked for years to make it real. Then, in the 1700s, a smart man named Richard Cantillon wrote about me in a book. He was the first to explain that being an entrepreneur meant taking a risk to start a business, hoping to make something wonderful for others. Later, in the early 1900s, I was with an amazing woman named Madam C.J. Walker. She saw that many people couldn't find the right products for their hair. So, she used me to create her own special hair care formulas. She started her own company and hired many people, helping her community and solving a problem for thousands.

Today, I am everywhere. You can find me in the baker who dreams up a new rainbow cupcake and opens a little shop to share it. I am with the person who designs a fun new game app for a phone so friends can play together even when they are far apart. I am even inside you when you decide to set up a lemonade stand on a sunny day. You have to figure out how to make the lemonade, how much to sell it for, and how to make a cool sign to let everyone know you're open for business. That's me. Anytime you have an idea, make a plan, and work hard to share it with the world, you are using my power. I help people solve problems, share their amazing talents, and make the world a more interesting, fun, and helpful place. I am Entrepreneurship, and I live inside every big dreamer and every curious kid—including you. So, listen for that little spark of an idea, because you never know what wonderful thing you might create next.

Wow facts

About

Entrepreneurship is the activity of setting up a business or businesses, taking on financial risks in the hope of profit. It is characterized by innovation and risk-taking.

Early forms emerge 3000 BCE (circa)
Term originates 1201 CE - 1300 CE (circa)
Formally defined 1730 CE (circa)
Industrial Revolution boom 1760 CE - 1840 CE

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Why did Madam C.J. Walker create her own company?

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Entrepreneurship
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