“entrepreneur”
A person who organizes, operates,
and assumes the risk of a business venture”
– Cameron Herold
There are endless definitions of an “entrepreneur”, yet this one is easily understood. Some argue that everyone should be an entrepreneur, because they find a solution to problems and innovate them; hence, if everyone would start being creative, we’d be much better off and increase our marginal social benefits.
Well, our world is diverse and we need employees who work on the entrepreneurial business plan, making the idea of everyone being an entrepreneur impossible. Another key factor that differentiates entrepreneurs is their drive of ambition and self-motivation. One must be a risk-taker in order to face the challenges that come across while searching for a business plan, rather than executing it. All aspects of business are involved in a start-up from questioning why customer’s should buy the product (value proposition) to financials, such as revenue stream and costs.Furthermore, a lot of work and faith needs to be put into the project/company. There will be failures, but even those are beneficial as they’re part of the learning process. Don’t let that bring you down!
Here is some inspiration to “7 tiny companies that blew up“, or Mophie, a phone-case company now a $200 Million enterprise.
Interested in Entrepreneurship? 100 Best websites for entrepreneurs
TED Talk: Let’s Raise Kids to be Entrepreneurs
“Some of the entrepreneurial traits you got to nurture in kids: attainment, tenacity, leadership, introspection, interdependence, values.”
– Cameron Herold
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