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So, what’s an entrepreneur anyway?

I suppose you could phrase it, who is an entrepreneur anyway?  And what is the definition of entrepreneur?  Such a lovely word, entrepreneur.

The history:  13th century French word, entreprendre meaning to do something or to undertake [doing] something.  Then  in the 1800’s economist Jean Baptiste Say ,

  • “…used the term to refer to individuals who create value in an economy by moving resources out of areas of low productivity and into areas of higher productivity and greater yield. In 1848, economist John Stuart Mill used the term in his very popular book, Principles of Political Economy. To Mill, the distinguishing feature of an entrepreneur was that they assume both the risk and the management of a business….”

At Entrepreneur.com the definition is more of “…Someone who assumes the financial risk of the initiation, operation and management of a business….Entrepreneurs are driven not by the need to make money, but by the need to make their dreams a reality…. Entrepreneurs are participants, not observers; players, not fans. And to be an entrepreneur is to be an optimist, to believe that with the right amount of time and money, you can do anything….”

The above definition that speaks to the spirit of optimism, of taking a chance, of making dreams reality seems to fit the contemporary idea of an entrepreneur.  We all hear about the entrepreneurial spirit – to go after a goal even when the winds of common sense tell you otherwise.  It could be said that the millions of home-based businesses around the world [sole proprietorships, network marketing, direct selling] are owned and operated by entrepreneurs – people who seek to make their mark on their own.  As the owner of a direct selling income business, I feel that I am an entrepreneur.

Another person who fits that description is my younger daughter.  She is working to create a business, a specific and particular mark in this world to fulfill dreams that she has.  She fits the definition of someone who is driven to make their dreams a reality…she is a participant…a player…and she believes that given time she can do anything…surely this is the epitome of an entrepreneur?

Says Guy Kawasaki in his book, “The Art of the Start,”…”The reality is that ‘entrepreneur’ is not a job title. It is the state of mind of people who want to alter the future….”

To sum up, we could say that an entrepreneur is anyone brave enough to face the world with little more than gumption, an idea of a business that might work and an optimistic spirit.

Jennifer

Jennifer

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One Response

  1. […] unknown wrote an interesting post today onSo, whatâ??s an entrepreneur anyway? « Lindaâ??s Business BlogHere’s a quick excerptThe above definition that speaks to the spirit of optimism, of taking a chance, of making dreams reality seems to fit the contemporary idea of an entrepreneur. We all hear about the entrepreneurial spirit – to go after a goal even when … […]

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