1. Business Dictionary
Entrepreneurship is the capacity and willingness to develop, organize and manage a business venture along with any of its risks in order to make a profit. The most obvious example of entrepreneurship is the starting of new businesses.
In economics, entrepreneurship combined with land, labor, natural resources and capital can produce profit. Entrepreneurial spirit is characterized by innovation and risk-taking, and is an essential part of a nation's ability to succeed in an ever changing and increasingly competitive global marketplace.
2. Merriam Webster Dictionary
An Entrepreneur is a person who starts a business and is willing to risk loss in order to make money.
3. Dictionary.com
An Entrepreneur is a person who organizes and manages any Enterprise, specially a business, usually with considerable initiative and risk.
4. Forbes
Entrepreneurs, in the purest sense, are those who identify a need – any need – and fill it. It’s a primordial urge, independent of product, service, industry or market.
5. Investopedia
An Entrepreneur is an individual who, rather than working as an employee, runs a small business and assumes all the risk and reward of a given business venture, idea, or good or service offered for sale. The entrepreneur is commonly seen as a business leader and innovator of new ideas and business processes.
6. Oxford Dictionaries
An Entrepreneur is a person who sets up a business or businesses, taking on financial risks in the hope of profit.
7. Howard Stevenson, Harvard Business School from the book “Breakthrough Entrepreneurship”
“Entrepreneurship is the pursuit of opportunity without regard to resources currently controlled.
Reflection
I never met an entrepreneur who got up in the morning saying ‘Where’s the most risk in today’s economy, and how can I get some? Most entrepreneurs I know are looking to lay risk off, on investors, partners, lenders, and anyone else.
The entrepreneurs see an opportunity and don’t feel constrained from pursuing it because they lack resources, because they are used to making without resources.
When you don’t have the cash to boss people around, like in a corporation, you have to create a more horizontal organization. You hire people who want what you have and not what you don’t have.
In other words entrepreneurs offer
their team members a larger share of a vision for a future payoff, rather than a smaller share of the meager resources at hand. Opportunity is the only real resource you have.”
As a summary, we can say that anyone who is willing to create his own company and actually does it, even without plenty of economic resources, but being motivated, can be considered an Entrepreneur.
So, what means for you? The answer is in your passion to do things!
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