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The best way to define entrepreneur is to describe what he does
and what makes him an entrepreneur. To define entrepreneur is to
understand his characteristics and his qualities and how these makes him
an entrepreneur.
The literal meaning of entrepreneur is to undertake. It came from the French verb entrepedre. There are different definitions of entrepreneur. There are different perspectives used to give the meaning of entrepreneur. According to JB Say, a French economist, an entrepreneur is an organizer who combines various resources to produce a marketable product. For Joseph Schumpeter, an Austrian-Hungarian-American economist, an entrepreneur in an advanced economy is an individual who introduces something new in the economy. It may be a new product, method of production, new market or new raw materials, and making changes. For Richard Cantillon, an Irish-French economist, an entrepreneur is an agent who buys resources at certain prices in order to create or develop products with the intention of selling it in the future.
One thing similar with all of these definitions of entrepreneurship is developing or innovating products, combining resources, and generating income from these products. To take into consideration all of the definitions mentioned, an entrepreneur is someone who takes the risk to combine various resources, exploit opportunities to create a demand, employment and eventually contribute to the economic wealth of a society.
To understand more what an entrepreneur is, it is important to take a look at their characteristics and qualities. Entrepreneurs are action-oriented and highly motivated. They are always seeking for opportunities and are challenged by hurdles and problems. They don't like to be stagnant. He does not see failure as a negative thing instead he sees it as an opportunity to develop and improve. He does not easily feel disappointed or depressed. Entrepreneurs have a high energy level and they don't like stopping. They are determined to achieve their goals and they don't let anything stop them.
Entrepreneurs are confident about themselves. They understand their strengths and weaknesses, and they use them to their advantage. They are flexible and risk takers. They make decisions based on current situations but they don't forget to plan ahead. They understand risks and they are not scared of diving into unfamiliar but interesting situations.
Most of all, entrepreneurs are creative and loves to explore ideas. They can identify opportunities and use them to pursue their goals. They can even create opportunities for themselves and other people. They love to take initiative. They are not mere followers. Their creativity leads to the innovations and developments that they discover and rediscover.
The characteristics of an entrepreneur allow them to become successful in the business world. They do not study to become entrepreneurs. They already have it in them. They are born with it.
The list of entrepreneurs is growing as years go by. Why? Because there are people who are meant not to stop creating new ideas and developing new things. So if you want to become part of the list of entrepreneurs, you must be willing to take on the challenge of innovating, creating and molding resources, markets, products and processes. We don't know; you might be the next John Rockefeller (Standard Oil Company), Henry Ford (Ford Motors), Bill Gates (Microsoft), Steve Jobs (Apple), Larry Page and Sergey Brin (Google), and Mark Zuckerberg (Facebook).
The literal meaning of entrepreneur is to undertake. It came from the French verb entrepedre. There are different definitions of entrepreneur. There are different perspectives used to give the meaning of entrepreneur. According to JB Say, a French economist, an entrepreneur is an organizer who combines various resources to produce a marketable product. For Joseph Schumpeter, an Austrian-Hungarian-American economist, an entrepreneur in an advanced economy is an individual who introduces something new in the economy. It may be a new product, method of production, new market or new raw materials, and making changes. For Richard Cantillon, an Irish-French economist, an entrepreneur is an agent who buys resources at certain prices in order to create or develop products with the intention of selling it in the future.
One thing similar with all of these definitions of entrepreneurship is developing or innovating products, combining resources, and generating income from these products. To take into consideration all of the definitions mentioned, an entrepreneur is someone who takes the risk to combine various resources, exploit opportunities to create a demand, employment and eventually contribute to the economic wealth of a society.
To understand more what an entrepreneur is, it is important to take a look at their characteristics and qualities. Entrepreneurs are action-oriented and highly motivated. They are always seeking for opportunities and are challenged by hurdles and problems. They don't like to be stagnant. He does not see failure as a negative thing instead he sees it as an opportunity to develop and improve. He does not easily feel disappointed or depressed. Entrepreneurs have a high energy level and they don't like stopping. They are determined to achieve their goals and they don't let anything stop them.
Entrepreneurs are confident about themselves. They understand their strengths and weaknesses, and they use them to their advantage. They are flexible and risk takers. They make decisions based on current situations but they don't forget to plan ahead. They understand risks and they are not scared of diving into unfamiliar but interesting situations.
Most of all, entrepreneurs are creative and loves to explore ideas. They can identify opportunities and use them to pursue their goals. They can even create opportunities for themselves and other people. They love to take initiative. They are not mere followers. Their creativity leads to the innovations and developments that they discover and rediscover.
The characteristics of an entrepreneur allow them to become successful in the business world. They do not study to become entrepreneurs. They already have it in them. They are born with it.
The list of entrepreneurs is growing as years go by. Why? Because there are people who are meant not to stop creating new ideas and developing new things. So if you want to become part of the list of entrepreneurs, you must be willing to take on the challenge of innovating, creating and molding resources, markets, products and processes. We don't know; you might be the next John Rockefeller (Standard Oil Company), Henry Ford (Ford Motors), Bill Gates (Microsoft), Steve Jobs (Apple), Larry Page and Sergey Brin (Google), and Mark Zuckerberg (Facebook).
