Historically in rigid societies, peoples creativity and drive was not allowed much room for development of their talents beyond pure craftsman skills. The renaissance period changed this. Rooting back to the times of the medieval Guilds in Germany, craftsmen were given a special permission to operate as an entrepreneur, but training was restricted to apprentices of craftsmen who held a Meister certificate.
First used in 1723, the term entrepreneur implies qualities of leadership, initiative and innovation in business.
Today the term is closely related to innovation. As Joseph Schumpeter wrote “Innovation is creative destruction, where entrepreneurs combine existing elements in new ways”, and we very much look to entrepreneurs as the drivers who in the market economies will bring development to future more sustainable societies.
Below are some numbers and other facts in an infograph from the World Economic forum, on the state of global entrepreneurship today.