The definition of an entrepreneur differs in dictionaries, articles, and books, depending on the context. When you google the word “Entrepreneur” this is what it will come up with: “a person who organizes and operates a business or businesses, taking on greater than normal financial risks in order to do so.” And, let me tell you my friends, this definition merely covers a businessman.
I think “Entrepreneur” is more than that. The best definition that fits the word Entrepreneur is this : “An innovator or developer who recognizes and seizes opportunities; converts those opportunities into workable/marketable ideas; adds value through time, effort, money, or skills; and assumes the risks of the competitive marketplace to implement these ideas. The entrepreneur is a catalyst for economic change who uses purposeful searching, careful planning, and sound judgement when carrying out the entrepreneurial process. The entrepreneur – uniquely optimistic and committed – works creatively to establish new resources or endow old ones with new capacity, all for the purpose of creating wealth.”
By saying 3 pillars of entrepreneurship, I mainly mean three things each entrepreneur is expected to have other than their main characteristics. Also, these are three common things employers look for when they hire people.
- A person’s abilities as a businessman/businesswoman. Their like-mindedness with the business mindset.
- This is mainly about the ethics of a person, how they react to certain cases, what would they do if they were having a problem, or conflict with their colleagues.
- The passion for business, for making things happen, and for reaching out to people. Enthusiasm is the remedy for de-motivation. Actually, to paraphrase enthusiasm is the resource for motivation. Only enthusiastic business people can stand still through rough paths of the never-ending journey of entrepreneurship.
This was it for this post, if you have any suggestions or counter-arguments, please let me know in the comments.
Also, If you were to describe entrepreneurship with one word, what would it be?¿