Hey there! Welcome to this blog.
Let us now briefly consider some basic but fundamental points about the word ‘entrepreneur’. We all know that there are so many definitions of the word ‘entrepreneur’, but for now I just intend to dwell on one simple definition. It goes like this. An entrepreneur is any person who identifies an opportunity in the market, gathers resources and creates and grows a business venture to meet those needs. He bears the risks of the ventures and is rewarded with profit if it succeeds. Sure and yes – this is pretty much what entrepreneurship is about. Don’t you agree with me? Of course we could take ages trying to methodically and academically dissect this and that, critique it in anyway etc. We could also go near vanity with our analysis of definitions. Nevertheless the major things remain the major ones!
So what the heck are we talking about, regarding the definition of an entrepreneur? What point are we trying to derive or drive regarding an entrepreneur, or the word entrepreneurship for that matter? Just hold on – before you rubbish this write-up as you think you could define an entrepreneur in a hundred and one ways. You could be very sophisticated about it, but my point in very simple. Within the above definition of an entrepreneur lies the core or fundamental business facts that can help guide all entrepreneurs on the way to successful business ventures. Wait a minute! Now what are we talking about here?
The key points I would like to highlight are the following: –
I think that’s it for today. Don’t just play around with that word ‘entrepreneur’. Understand it and make the best use of it, in your own interest and in the interest of humanity. I rest my case.
Best wishes – and kind regards,
The Wise Entrepreneur