James Vani defines an entrepreneur not just as someone who gains success, but also as someone who takes risks by investing money in business. An entrepreneur can be described by their common traits, which include taking risks after discovering opportunities, having passion for their ideas, working hard, being optimistic, exhibiting good leadership skills, demonstrating creativity, and having strong organizational abilities. A true entrepreneur is also characterized by never giving up despite failures and remaining optimistic that their business ideas will ultimately succeed.