Are You An Entrepreneur or Not?
3:42 PM in Work From Home by Cynthia McKelvy
Last night, while working as a Monitor in the Worldprofit Live Business Center, I asked this question of a free Associate who had excuses for not joining immediately:
“Are you an entrepreneur or not”?
The Associate typed “Yes” in the chat area, but proceeded to act as though he were not an entrepreneur.
My theory is that an entrepreneur could find a way to come up with $100 if they saw an opportunity worth several thousands of dollars.
However, to be fair, let’s find the specific definition of entrepreneur. According to most dictionaries, an entrepreneur is a businessperson who finances or initiates emerging commercial enterprises. Basically, he or she is the person who provides the capital of the business.
Although providing capital alone is not enough to be called an entrepreneur. When I describe myself as having the entrepreneurial spirit, I think of one who is willing to take chances, to gamble loss in the face of a real opportunity.
The above dictionary definition speaks of some individuals who prefer to invest in a certain business venture but will allow someone else to handle all the business activities.
Any person who finances a business venture and runs it can be called an entrepreneur. According to some economists, an entrepreneur is someone who develops a fresh and new product, a new way of producing something, or an innovative market. Usually, entrepreneurs start with a small business and if it proves to be successful, the business will expand.
So why start a small businesses? You see, small businesses require smaller amount of capital while larger ones demand huge capital. Not many entrepreneurs nowadays are willing to take the risk of putting up big businesses without proper research and studies.
Some say that being an entrepreneur starts right after a child is born. I like to think of my elder son that way and make reference to the fact that after playing with his toys, he would sell them for a profit. Some qualities may already be possessed by the child from birth. The individual may already be a thinker and schemer of things.
These individuals will want to reach the impossible. So if you’re a born entrepreneur, you must develop your skills and qualities so that you can use it in the near future for your success.
Starting a new enterprise may sound very hard but for the entrepreneur, nothing is impossible to achieve. Innovation, creativity, leadership, being a risk-taker, and having the right inner drive or passion are some of the keys to being a successful entrepreneur. If you possess these things, nothing can stop you from being one of the biggest names in the marketplace. My step father used to say,
“I big shot is a little shot that just kept on shooting.”
There are thousands of opportunities that you can find from emerging communications, culture, and science and technology. All you need to do is identify these business opportunities and turn them into a real business enterprise. However, choosing a good business opportunity requires careful study and market research. Even if entrepreneurs are known to be risk-takers, they still have to make sure that they are entering a good business.
If you want to know more about the definitions of an entrepreneur, you can easily search for the meaning of the word in popular search engines like Google, Yahoo, Wikipedia and Bing. By using the power of the internet, you can find a lot of definitions for you to understand the word much better.
Being an entrepreneur is an exciting and challenging task. If you have the guts, the capital, the right inner passion, appropriate qualities, and skills, don’t hesitate to introduce something new to the market.
Besides, most customers like new stuff. So what are you waiting for? Study the market and see if you can enter it and become a new entrepreneur.
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Today, I took a break before finishing this article and saw some neighborhood children selling lemonade outside their apartment. Their aunt came over to explain,
“I’m just trying to teach the children entrepreneurship!”
That makes my day! Here’s to your success.
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Cynthia McKelvy
http://StayInBizCoach.com
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