So, just who is an entrepreneur?
In a broad overall sense an entrepreneur is a person who
- Organises a business venture and assumes the risk for it.
- Has looked at a problem and seen it as an opportunity or a likely prospect to start something new.
- Feels that his ambition is being held in check by corporate red tape. Though it takes more than just cleverness and frustration with the status quo to get an entrepreneurial venture off the ground.
- Is someone that assumes the financial risk of the initiation, operation and management of a business.
Most entrepreneurs are driven not by the need to make money, but by the need to make their dreams a reality. More often than not, money is a byproduct of an entrepreneur’s motivation rather than the motivation itself. 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 achieve anything.
An entrepreneur’s “gut feeling” is often the subject of a lot of discussion and my own learning here has been that gut feel is the really the extract of one’s own experience and one’s ability for risk taking rather than some vision that an entrepreneur purportedly has had.
Yet, everyone believes he / she is an entrepreneur and has the capability to build any business and take any risk.