What’s an Entrepreneur? The Best Answer Ever

July 9, 2012 by admin
According to dictionary.com an Entrepreneur is a person who organizes and manages any enterprise, especially a business, usually with considerable initiative and risk. Wikipedia defines an entrepreneur as a person who is willing to help launch a new venture or enterprise and accept full responsibility for the outcome.But what does being an entrepreneur really mean? A risk taker? An innovative person? Or something else? If someone wants to be an entrepreneur, it’s very important to know the right ingredients of entrepreneurship in order to apply them to be a successful entrepreneur.

When searching the internet you will find that the most commonly known characteristics of an entrepreneur are:

  • Risk takers: an entrepreneur has to be willing to accept pretty big risks, with some level of comfort.
  • Sacrifice: entrepreneurs also are willing to sacrifice. They give up family time and other personal time, they gave up the comfort and security that working for other people can give. A willingness to make decisions in the absence of solid data.
  • Creative: entrepreneurs are able to make connections between unrelated events or situations. Entrepreneurs often come up with new and simple solutions.
  • Determination: successful entrepreneurs do not believe that something cannot be done, they try again and again till success.

There are a lot of articles on the internet on entrepreneurship and its definition and how to be an entrepreneur, one of the highly recommended to read is “What’s an Entrepreneur? The Best Answer Ever ” on Inc.com. The article suggests another definition to an entrepreneurship.

“Entrepreneurship is the pursuit of opportunity without regard to resources currently controlled.”

By focusing on entrepreneurship as a process instead of personal characteristics, the definition opens the term to all kinds of people to adopt.

What do think? Do you agree with this definition?

Ahmed
BPIR.com

PS. Two great videos on what is an entrepreneur can be accessed here:

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