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What Is An Entrepreneur?

By Tim Bennett

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What is an entrepreneur?

What is an entrepreneur? Seeing as we are discussing the subject of entrepreneurs it seems a good idea to identify exactly what we are talking about!

There are many different versions of what an entrepreneur is, but by searching around I came up with the following list of what is an entrepreneur:

1)    An Entrepreneur is a person who can use the process of enterprise to employment and lead to the pursuit of opportunity through new ventures.
2)    An entrepreneur is willing to take the risks involved in starting and managing a business.
3)    Entrepreneurs recognize opportunities (needs, wants, problems, and challenges) and use resources to implement innovative ideas for new.
4)    Someone who uses the process of pursuing opportunity and leveraging resources to create value. This includes starting new businesses or incorporating income.
5)    Entrepreneurs exploit knowledge by converting knowledge discovered into profitable gain. Entrepreneurship is about being alert to a set of opportunities, having a subjective expectation as to the value of such opportunities in the market and having the resources (or ability to generate them) to.
6)    They possess qualities that are needed to function effectively in a business, profit-making context.
7)    An entrepreneur is an individual who takes risks and organizes the factors of production to generate a product and therefore hopefully profit. Entrepreneurship is the skill of achieving this and is considered one of the factors of production.
8)    An entrepreneur is a manager.
9)    An entrepreneur is a person who has possession over a new enterprise or venture and assumes full accountability for the inherent risks and the outcome.
10)    An entrepreneur cares about passion, people and the community.
11)    An entrepreneur likes to help others
12)    An entrepreneur is a dreamer, but is prepared to take decisive action.
13)    An entrepreneur does not really understand the concept of “you can’t do it” and the word “No!”
14)    Entrepreneurs are team players. They know they cannot survive alone.
15)    Entrepreneurs change the world

What is an entrepreneur? Well it is actually a difficult question to answer as there are so many variables on the answer, but I hope from the list of 15 qualities above you have a clearer picture now of what is an entrepreneur.

Tim Bennett

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