Richard Cantillon in 1730 proposed a new terminology: the entrepreneur. The essence of the history of the Entrepreneur, according to the creator of the term, is to bear the risk. Each action within the framework of entrepreneurship can be ascertained associated with risk, whether small or large. In the history of the Entrepreneur, a trader always experience fluctuations in turnover, earnings, and so on. That world of entrepreneurs is full of uncertainty and risk.
History of the Entrepreneur with managerial ability
Meanwhile, economist Jean Baptiste Say defining ‘entrepreneur’ is a production coordinator with managerial ability. Entrepreneur is an alias pivot axis at the center of rotation of all things, according to history of the Entrepreneur, like the sun at the center of the solar system. Entrepreneurs Say according to having the ability to process abstract ideas into concrete things that can be enjoyed by society at large.
Besides Cantillion and Say, Joseph Schumpeter in 1910 gave the notion of the entrepreneur. In the history of the Entrepreneur, it is a creative innovator, and as creative, he became one with the mindset of non-conformist, always against the grain. Entrepreneurs always have a point of view and ways of thinking differently from most people. He was a strange, distorted, sometimes opposed, even considered crazy and eccentric. However, that’s how an entrepreneur should have. When everyone vying for a job, an entrepreneur creating his own. When everyone works for himself, entrepreneurs work for themselves and all employees and surrounding communities. They are positively deviant people (those who deviated in a positive sense).
History of the Entrepreneur of 20th century
After that, there was a an intellectual of the 20th century named D. C. McClelland who in 1961 declared that the entrepreneur is a person with a high need for achievement (a high need of achievement). And like Cantillion, Robert L. Burdner (1962) also stressed that the entrepreneur has a high tolerance level of uncertainty. At least this is what I learned from the history of the Entrepreneur.