Wednesday, May 23, 2007

What is an Entrepreneur?

I am involved in a new startup entrepreneurial club in Akron, Ohio, USA (www.akroneclub.com) and we are struggling a bit with what the definition of an entrepreneur is.

Is it a role, an attitude or a title?

Webster's Collegiate Dictionary defines it as: "On who assumes the risk and management of a business."

That is no help. If I am a functional manager in a business, say a Sales VP, I am surely managing a part of the business and I am taking a risk with my career, my employees and peers. Does that make me an entrepreneur?

Maybe it is all of the above, a role, an attitude and a title.

Entrepreneur seems to be the hottest buzzword going around, the hero, the savior of economies worldwide. How do we spot one when we see one? How do we spot youngsters and support them in their journey to business success?

4 comments:

  1. Thanks for a thought-provoking question. Here's one answer from Jim Roudebush. "Entrepreneurs, who are found in both city and country, are people who perceive new opportunities and create and grow ventures around those opportunities."

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  2. Anonymous9:40 AM

    This is interesting. Because I wasn't aware that internationally, the word entrepreneur may not always be a good one. . .check out this post and it may help you. http://www.sellingtosmallbusinesses.com/creating-buzz-in-blogs-without-ticking-off-bloggers/

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  3. I think entrepreneurship is an attitude AND a behavior. I agree with Becky's definition. First you need an attitude that makes you receptive toward new opportunities. Second, you need to actually do something about it -- create business around those new opportunities you perceive.

    Anita

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  4. Simple Definition of an Entrepreneur is " A person who sets up his own business".

    An Entrepreneur will look out for opportunities & organize the right resources to take full advantage of the opportunity. A risk taker in business for the sake of profit.

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