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Tuesday, November 25, 2014
WHO IS AN ENTREPRENEUR?
There are many differing views on what makes
someone an entrepreneur and what an
entrepreneurial venture is.
The term itself is believed to have originated
from French, coined by a French economist,
Jean-Baptiste Say, in about 1800, who defined
an entrepreneur as “one who undertakes an
enterprise , especially a contractor, acting as
intermediary between capital and labour”.
But it was first defined in English by the Irish
economist Richard Cantillon, as” a term applied
to the type of personality who is willing to take
upon herself or himself a new venture or
enterprise and accepts full responsibility for
the outcome”.
The definition of entrepreneur is not limited,
as various writers and world renowned
entrepreneurs have given it various meanings.
For instance, one of the great motivational
speakers and writers of our time Robert
Kiyosaki, in his book “Retire Young, Retire Rich”
defined an entrepreneur as “someone that
sees an opportunity, puts together a team, and
builds a business that profit from the
opportunity”. As you can already see, the word
entrepreneur is inexhaustible.
According to the Merriam-Webster online an
entrepreneur is “one who organizes, manages,
and assumes the risks of a business or
enterprise”.
A more detailed definition given by Daile
Tucker, an entrepreneur herself, who in her
own words describes an entrepreneur as “a
person who has decided to take control of his
future and become self employed whether by
creating his own unique business or working as
a member of a team”.
Something that keeps coming up about
entrepreneurs is their ability to see
opportunities and make the most of it, not
minding the risks they will undertake.
Entrepreneurs are generally in competition
with themselves and believe that success or
failure lies within their personal control or
influence.
So it is very important for you, when starting a
business, to be sure that you can identify
opportunities, make the most of them and
have the wherewithal to thrive even in the
midst of risks and unforeseen circumstances
and that is why carrying out a self analysis
cannot be over emphasized.
Entrepreneurs are leaders, prime movers,
authors, pacesetters, investors and risk
bearers. They are usually pioneers who
strategize and formulate the rules for the
general interest of the enterprise for others to
follow.
An entrepreneur conceives an idea and brings
it to life through systematic and well-
articulated planning, driven by the passion and
the need to achieve uncommon things.
An entrepreneur not only assumes
responsibility and the risk for a business
operation with the expectation of making a
profit, the entrepreneur also generally decides
on the product, acquires the facilities, and
brings together the labour force, the capital
and production materials.
Simply put entrepreneurs are people who
choose to see positivity where negativity
abounds. Bear it in mind, however, that if a
business succeeds, the entrepreneur reaps the
reward of profits; on the other hand, if it fails,
he or she takes the loss.
Successful entrepreneurs are not perfect
people but are brilliant, productive, and
articulate; it takes both the heart and the head
to successfully run an entrepreneurship. Also
note that an entrepreneur is an inspirer, a
motivator, a coach, a great listener, attentive,
consistent and enthusiastic.
A lot of people go into business for the sole
reason of making money; this is not a good
idea. It’s not a good idea because the main
ingredient for success is missing.
The main ingredient for success is passion, and
it’s virtually impossible to maintain high-levels
of energy when you’re doing something you
don’t love.
There will always be challenges in owning a
business. Your love and passion is what takes
you through those challenges. Without that
passion, you probably won’t make it.
Let me stop and ask; are you ready to start a
business now? I can bet your answer is in the
affirmative, so be my guest as I take you
through the basic steps in starting your
business.
START UP OPTIONS
What are your options?
Start a new business
Buy an existing business
Buying a franchise
Start an online business
Starting a partial business
Start a home-based business.
iNFORMATION IS POWER!!!
If u want to learn, you've got to read
If u want to grow, you've got to read
If u want to be involved, you've got to read
If u want to be acheiver, you've got to read
Don't just read anything
You'll ask what is the right thing to read...
Read what builds up your mind
Read what pushes u to GET UP from being in
front of the tv to being in the tv
Read what motivates and inspires u
Read what adds value to u
Read what u need not what u want
Readers who choose the right stuff are:
Acheivers not losers
Leaders not bosses
Success not failures
The people u admire now are where they
because they made wise decisions, START
READING!!
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