I’ve been roaming cyberspace again. This time I wanted to find an answer to a simple question. What is an entrepreneur? If you’ve visited the FlopAcademy website even just a couple of times, you’ve probably across that word again and again. So I thought it was about time to try to define it a bit more clearly.
In cyberspace, as you probably know already, you can find lots of interesting things. Lots of stupid things too, of course. But there definitely are some things that deserve our attention. For me, it was well worth going on a cybernetic hunt for a definition of “entrepreneur”.
No surprise. I found dozens of definitions!
Most of these definitions belong to two main types. First, there are serious technical definitions. An example? Well, Investopedia.com, tells us that “An entrepreneur is an individual who, rather than working as an employee, founds and runs a small business, assuming all the risks and rewards of the venture. The entrepreneur is commonly seen as an innovator, a source of new ideas, goods, services and business/or procedures.”
I don’t know how much of that you’ve understood. If you are anything like me, you probably started feeling sleepy after the first line.
Then there are “shouting” definitions, which really do not “define” much, but proclaim how cool it is to be an entrepreneur. An example? There are hundreds. An entrepreneur is a “game changer,” a “pioneer of the unknown,” “a leader and visionary,” and so on. Expressions like these may be inspiring, but I think they fail to capture the essence of what an entrepreneur is.
In my hunt, I did not turn up any one completely satisfying answer. However, I did discover one characteristic that a true entrepreneur must have: the resolution and ability to make his idea happen, to “execute” and carry out his plan.
For me, an entrepreneur is someone who has a vision or an idea and will do what it takes to make it happen. If you have a brilliant idea and you don’t execute, then you’re not an entrepreneur. I’m not saying that you must be one. Luckily for us, the world has plenty of great engineers and creative people who invent cool and useful stuff. But it is not enough to have a great idea to be an entrepreneur. You must also have the courage and determination to create a business around it and to make things happen.
Now, I’m sure all of you have great ideas in mind. In my experience, kids generally do. Wouldn’t it be fun to see if we can find a way to execute them together?