An entrepreneur assumes the risk and is dedicated and committed to the success of whatever he or she undertakes.

The line defines entrepreneurship less as a job title than as a posture toward uncertainty. By emphasizing “assumes the risk,” it frames the entrepreneur as the person who personally bears financial, reputational, and opportunity costs rather than shifting them to others. The second half—“dedicated and committed to the success”—adds a moral and psychological dimension: entrepreneurship requires sustained resolve, not merely a clever idea or a moment of initiative. Read together, the quote argues that what distinguishes entrepreneurs is ownership: ownership of downside risk and ownership of the long, disciplined effort needed to make an undertaking succeed.