For Chris Sargeant, it was a light bulb moment in his kitchen: the idea to open a burger restaurant where everything was handmade and the ingredients fresh and top quality. He opened his first Handmade Burger Company restaurant in Birmingham 5 years ago and now operates more than a dozen across the UK. Chris became an entrepreneur: someone prepared to take risks, like selling his home and leaving his job, to follow a new business idea.
Early definitions of the term entrepreneur describe the role as being one of the four factors of production: the entrepreneur organises land, labour and capital to establish the business (the French verb ‘entreprendre’ means ‘to start on’). Though they are central to business activity in creating and expanding firms, entrepreneurs must not be confused with managers. Managers organise but may not risk their own capital for the reward of profit. The modern separation of ownership and control means that the line between managers and entrepreneurs can be blurred.
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