National Entrepreneur's Day – November 21st, 2023
Radical inventions by brilliant minds have helped shape our lives today and will help our future. This is why National Entrepreneur's Day is slated for every third Tuesday of every year to honor those who have built an empire from the ground.
NATIONAL ENTREPRENEUR'S DAY HISTORY
The word entrepreneur is derived from the French word 'entrependre,' which means to "undertake," It first appeared in the French dictionary "Dictionnaire Universel de Commerce," produced and published in 1723 by Jacques des Bruslons.
The study of entrepreneurship has roots in Richard Cantillon, an Irish-French economist back in the late 17th century and early 18th century, defining the term entrepreneur as a person who pays a certain price for a product and resells it at an uncertain price in his book "Essay on the Nature of Trade in General."
Cantillon emphasized the entrepreneur's willingness to take on the risk and deal with the uncertainty in distinguishing between the entrepreneur and the investor. Another French economist, Jean -Baptiste Say, identified entrepreneurs as drivers of economic development as he emphasized their role as one of the collecting factors of production. Both Say and Clinton are referred to as physiocrats.
Economist Joseph Schumpeter in the 1930s defined an entrepreneur as a person willing and able to convert a new idea or invention into a successful innovation that would result in new industries and a combination of currently existing inputs, for example, the combination of the steam engine and the wagon to produce the horseless carriage.
In 2010, entrepreneur Siamak Taghaddos introduced a petition to create a National Entrepreneur's Day. They could not imagine that America is recognized as the most entrepreneurial country in the world and had yet to establish a day to recognize entrepreneurs. After six months and having gathered thousands of signatures, President Obama in 2010 proclaimed the last day of 2010's National Entrepreneur's Week as National Entrepreneur's Day.