This article on Walt Disney, a very famous entrepreneur, is shared by Hannah and Pat. Walt Disney well represents an entrepreneur, defined as “a person who organizes and operates a business or businesses and takes greater than normal financial risks in order to do so”. This “entrepreneur” fits in the enterprise section out of the factors of production, others which include land, labor, and capital. The term “enterprise” is the skill of taking risks to provide goods and services and make profits.
Walt Disney makes an interesting entrepreneur as he was interested in drawing at an early age of seven. He was already attached to the world of art. However, before becoming the famous entrepreneur, Walt wanted to join the army. After returning to Kansas city, Walt decided to start his career as an advertising cartoonist.
As Walt Disney continued his life as a cartoonist, in 1955, he invested $17 million into creating the famous Disneyland – the Magic Kingdom. This risk he took lead him into becoming a successful entrepreneur, and also makes him a unique one.