The Real Definition Of Entrepreneur---And Why It Matters
In honor of Startup Month at Forbes.com, it’s time to make an important distinction about what, at bottom, a true entrepreneuris.Why bother? Because it concerns the very engine of economic growth and the people we are counting on—desperately—to rev it up.Consider the following two definitions of “entrepreneur”: one found in Merriam-Webster’s dictionary, the other from Dictionary.com.
- Merriam-Webster: “one who organizes, manages and assumes the risks of a business or enterprise.”
The Real Definition Of Entrepreneur---And Why It Matters - Forbes
- Dictionary.com: “a person who organizes and manages any enterprise, especially a business, usually with considerable initiative and risk.”
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Personally, I always thought entrepreneurship and being self-employed were two different things. A lot of times, self-employed people will call themselves entrepreneurs when they just earned themselves a job that is no different from anywhere else. Sure, they are their own boss now, but I consider the true essence in entrepreneur ship is using your resources to leverage your way OUT of a job into a position where there is more potential for free time, and substantial amounts of income.Originally Posted by Rain
It would be like if someone went out and opened their own business to cut lawns, and they never expand. It's Bull!
I have a friend who wants to open her own coffeehouse. I talked to her about turning it into a chain, and there's no interest there. There's no enterprising mindset. She wants to open a coffeehouse because it'd be a fun thing to do, like a hobby. Go surf honey, because there's no room for people in business like you. People like that get swallowed whole, never to come back. Entrepreneurship is about being AGGRESSIVE. Passivity is the scorn of the earth in the entrepreneur's mind.
So I guess what I'm trying to say is, in order to define entrepreneurship more clearly, we must clearly point out what it is not.
I would say entrepreneur is a personality type, not a job title.
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Most entrepreneur books are telling people it's the above. A medium to "live your dreams" "find your passion" and "do what you love" -- all self-centered dispositions that vacate the true essence of the entrepreneurial transaction - taking risk by creating value in the marketplace where it doesn't exist, or lacks.
Haha I just have to comment on this cause it's just so important to know.
my 2 cents:
Entrepreneurship is the PROCESS of directing and organizing resources to CREATE a product or service with the specific intent of a harmonious interaction with the market place's NEEDS through a series of MULTIPLE variables working simultaneously and harmoniously such as excellent customer service, quality products, healthy financial cash flow, marketing etc etc et al.
haha hell yeah 1 sentence! take that webster!
Seriously the topic and definition of entrepreneurship has been contaminated by "your super special and therefore do what you love and the money will follow!" BS
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