EntrepreneurThe word originates from the French verb‘entreprendre’ which literally translated means ‘toundertake, to begin, or to start’“ a person who sets up a business or businesses,taking on greater financial risks in order to do so”.New Oxford Dictionary of English
An Entrepreneur is …A manager undertaking an activity i.e. in termsof the particular tasks they perform and the waythey undertake them.An agent of economic change i.e. in terms of theeffects they have on economic systems and thechanges they drive; and as ..An individual i.e. in terms of their psychology,personality and personal characteristics
Entrepreneur continued....Often the term entrepreneurship is equatedwith new venture creation and small businessmanagement.Though not all owner-managers can beregarded as entrepreneurs.Entrepreneurs are extraordinary people whocreate wealth in extraordinary situations whichare beyond endurance for the ordinary.
Entrepreneur continued....An entrepreneur is someone who knows theright people, can pick a good team, act quicklyand make it all happen.Entrepreneurs are visionaries and leaders. Theyspot an opportunity and turn it into a profitablebusiness.Entrepreneurs are found not just in business butall walks of life e.g. social entrepreneurs.
Who are theseextraordinary people? They are innovative They are unconventional They are willing to take risk They are resilient people who turn their set backs into mile stones for others. They never back down They build their own destiny They bring innovation to the market They identify new opportunities and turn them into profitable business They are great leaders and managers Entrepreneurs undertake ‘the great adventures’.
Sir RichardBranson, Virgin Fred Smith, FedEx Bill Gates, Microsoft Steve Jobs, Apple Jeff Bezos, Amazon Dhirubhai Ambani, Reliance
The born or made debate It has always been a topic of debate whether entrepreneurs are born or they can be made. We believe there are some self made entrepreneurs. And then there are others who just need to be awaken; those who need to be developed and trained.
Unleash the Entrepreneur within Elite Biz Associates Pvt. Ltd. www.ebabiz.com