Social vs commercial entrepreneuriship

ASsignment 1

Joel Greshock

Contemporary Business

Professor Kimberly Anthony

An entrepreneur in its strictest form is a risk taker in the private enterprise system. They are people who go out into the business world with an idea and try to make that idea into a successful reality. People choose to become entrepreneurs for a variety of reasons, including being their own boss, financial success, job security, and as a lifestyle choice. (Kurts, 2010) Some people become entrepreneurs for the sake of profits alone (commercial entrepreneurs) and others become entrepreneurs to act as a catalyst for social change (social entrepreneurs).

The fundamental difference between a commercial entrepreneur and a social entrepreneur is the mission that...