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What is an entrepreneur?

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The word entrepreneur refers to a person who has identified a need and has an innovative business idea to fill that void. Entrepreneurs are willing to take on the many risks of implementing their idea, and also take on the role as leader of their company or organization. They assume full responsibility for the execution, success, or failure of the business. A modern day interpretation may associate being an entrepreneur with innovative and creative ideas for online use, and with someone who can use the power of the internet to fill a niche. While the stereotypical image of an entrepreneur is of someone building a business from the ground up, there are other options as well, such as buying or adding to an existing business (for example, a franchise owner) or taking over a family-run business. An entrepreneur is a starter.  An entrepreneur is an initiator, a challenger and a driver. Someone that creates something new, either an initiative, a business or a company. He or she is the begi
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What does an Entrepreneur do?

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Entrepreneurs develop, design, produce, market, and eventually sell businesses with the end goal of financial profit. They own and operate everything from small shoe stores to tech startups. There are entrepreneurs behind every business in the country, no matter what the size and scope (think Coca Cola, Microsoft, Facebook, Amazon, McDonald's etc). Owning your own business can be extremely rewarding and fulfilling. However, being an entrepreneur also means undertaking a lot of risk and initiative, and inevitably comes with a fair amount of stress and angst. Business owners are most likely to be the first ones at the office and the last to leave, and often put in extra hours in the evening along with forfeiting many of their weekends and holidays to make sure things are running as smoothly as possible. Entrepreneurship demands having initiative and a strong determination to succeed. It also requires an immense amount of confidence, tenacity and independence. This may mean making hun
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What is the workplace of an Entrepreneur like?

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Generally the workplace will be office-based, but it may vary. The size of the workplace will depend on the size of the venture and may start at home or in a small office and grow to a large corporation. For some ventures, the workplace will be dependent on the specific idea or industry, for example, a sporting venture may require a sports facility and this would serve as the workplace. What personality traits do successful entrepreneurs have? When people dream of being an entrepreneur, they may see themselves as owning and being the boss of a successful and profitable business which offers them the freedom to work how and when they want. Unfortunately, this isn't reality (if it were, everyone would be an entrepreneur). The truth is that most of us are not cut out to be entrepreneurs, for while it can be incredibly rewarding, it involves an enormous amount of work and takes a lot of grit, determination, and tenacity. The Bureau of Labor Statistics tells us that about 20% of new
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Will Entrepreneurship Make You Rich? A Realistic Perspective.

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Entrepreneurship is a manifestation of the American dream. Anyone, with the right idea and enough hard work can become successful, the saying goes. And, indeed, we constantly see images of multi-billionaires, like Mark Zuckerberg and Richard Branson, who built empires from scratch, and are taught that there's no income limit for business owners in our capitalistic system. Accordingly, hundreds of thousands of new entrepreneurs every year write business plans and gather funds for their own chance to strike it rich and build enough wealth for a lifetime. But, is the idea of using entrepreneurship to get rich just a pipe dream? Or is it a legitimate way to build that level of wealth?                                                      The Idea Entrepreneurship is a way to unchain yourself from the fixed salary you’ll make at a full-time job. Rather than being capped at whatever value your company determines that you offer, you’ll create your own value by owning a business with no
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