Tweet

What is an Entrepreneur?

Guest post by: Karen Newman

Article Overview: An entrepreneurial mindset can exist in any size and type of business. Entrepreneurs are self-motivated and believe that they can control their own level of success.

What is an Entrepreneur?

According to Wikipedia, “An entrepreneur is a person who has possession of a new enterprise, venture or idea and assumes significant accountability for the inherent risks and the outcome.” The traits of a successful entrepreneur, however, are much more diverse than this statement implies.

Vision

Profitable entrepreneurs set goals, define their vision, know their strengths and weaknesses, and take advantage of opportunities that arise on a daily basis. They remain committed to those goals and don’t get sidetracked by less productive activities.

Organization

A successful entrepreneur knows the value of organization in any business endeavor. Preset methods of operation and consistent day-to-day routines are imperative. They develop positive habits and reinforce them daily.

Innovation

“Is a change in the thought process for doing something, or the useful application of new inventions or discoveries.” Entrepreneurs are people who can perceive opportunities where others cannot and will stop at nothing to achieve their desired outcome.

Risk and Failure

An entrepreneur must always be ready to take calculated risks and face whatever consequences those risks may incur. Entrepreneurs must have the courage to face failure and start over again despite these setbacks. They are able to take constructive criticism and adapt their business accordingly.

An entrepreneurial mindset can exist in any size and type of business. Entrepreneurs are self-motivated and believe that they can control their own level of success. They also accept responsibility for failure as this too is under their control. Competitive by nature, most entrepreneurs challenge themselves as much as they do their peers. This internal motivation is what drives them beyond the status quo.

Related Articles
  Knowing The Entrepreneur Definition Will Help You Become A Successful Entrepreneur
  Five Attributes of Entrepreneurs
  The Way of the Guerrilla
  Confessions of an Accidental Entrepreneur
  SMEs - different types of entrepreneurs
  Being an Online Entrepreneur the Right Way
  SMEs - African confusion with entrepreneurship
  The VC Version of Kick the Can
  Entrepreneurial Qualities
  Entrepreneurial Challenges
  Successful Entrepreneurs
  Characteristics of Successful Internet Entrepreneurs
  How To Become An Entrepreneur From An Employee
  Annansi in Entrepreneur Magazine’s December issue
  Indirect Contribution
  Top Online Business Opportunities For 2010
  Don’t know much about the internet, Can I be a Successful Entrepreneur?
  Employment Security And The Future Of You
  Take Care Of Your Business, XIII
  Traits of a Successful Entrepreneur

Article Tags: business entrepreneurs, entrepreneur, entrepreneurial mindset, successful entrepreneurs



Related Forum Posts
Young Entrepreneur Organization - All You Need To Know - The Young Entrepreneur Organization (YEO) is a global community of entrepreneurs. This non-profit organization aims to make its members successful in their business through networking and training programs. This article tells you all you need to know about the Young Entrepreneur Organization, and the opportunities it makes available to young entrepreneurs from across the world. Young Entrepreneur Organization: Facts. 1) The Young Entrepreneur Organization has 5,000 members in 35 countries across the world. 2) The organization was founded in 1987. Since then, it has helped many aspiring entrepreneurs with training facilities and getting in touch with the right people. 3) The average age of the members of Young Entrepreneur Organization is 34 years. 4) In order to be eligible for the membership of Young Entrepreneur Organization, you need to be under the age of 40; and be the founder or partner in a business that has annual sales of more than $1 million. World Entrepreneurs Organization: A part of the Young Entrepreneur Organization, the World Entrepreneur Organization and takes the message of Young Entrepreneur Organization to many additional places around the world. This organization is especially active in the area of education and training for entrepreneurs. Young Entrepreneur Organization: Objectives. 1) To foster entrepreneurship. 2) To support Young Entrepreneur Organization members by providing them the chance to network and grow. 3) To provide resources to its members so that they can benefit the economy through innovative business ideas. 4) According to Young Entrepreneur Organization, you get to share your story with those who have had similar experiences, and thus gain insight into the best principles of entrepreneurship. Young Entrepreneur Organization: Facilities. At the Young Entrepreneur Organization, you get to meet and share views with like-minded people and fellow entrepreneurs. In order to facilitate a free exchange of ideas and growth for its member, the Young Entrepreneur Organization provides the following facilities to members. 1) Forum: Join the forum of the Young Entrepreneur Organization and start networking with entrepreneurs from across the world. Each forum group has 12 members who come together regularly to share their experiences and discuss issues related to entrepreneurship. 2) Mentor: In conjunction with the World Presidents’ Organization, the Young Entrepreneur Organization guides and counsels young entrepreneurs through a mentor program by the best business leaders. 3) Social Innovation: The Social Innovators Program involves Young Entrepreneur Organization member who wish to do something for about social issues. It helps members become socially aware citizens and gives them the opportunity to do something for their community. 4) Marketplace: The marketplace allows members to post business offers and receive replies from other members. These are just some of the facilities you will get if you become part of the Young Entrepreneur Organization. Others, like meeting prospective clients through trade shows, and special tools to network and meet with the right people are also part of the YEO facilities.
How to create BUZZ? - As a small startup we need to be able to create Buzz around our product, but we haven't had tons of success. Despite being written up in the Toronto Sun, Metro News, Entrepreneur Start Ups Magazine and listed as a resource in Entrepreneur Magazine people in Toronto still don't know about us. Any ideas on what I can do to get people talking? Preferable ones that don't have a large price tag attached? Any ideas would be appreciated. Our URL is included in my signature.
Re: Top 50 Lists - Hi Evan, How about "Top 50": -Inventor Blogs To Watch -Franchising Blogs To Watch -Business Book Review Blogs -Women Entrepreneur Blogs -Young Entrepreneur Blogs
Re: EC Forum Badge? - [quote="Evan":3r7km12d]I'm not sure I understand your point about the caps - you're saying everything should be capitalized except for Entrepreneur Forums?[/quote:3r7km12d] This is exactly how I think it should be as far as capitalization... [quote:3r7km12d]I'm a moderator for the Entrepreneur Forums, a friendly community of entrepreneurs. Click here to learn more![/quote:3r7km12d]
Write ups not successful? - [quote:2kry5vyo] Despite being written up in the Toronto Sun, Metro News, Entrepreneur Start Ups Magazine and listed as a resource in Entrepreneur Magazine people in Toronto still don't know about us. [/quote:2kry5vyo] At the risk of sounding cruel...which I do not mean to be... ifyou're getting those kinds of writeups, people in Toronto [i:2kry5vyo]must [/i:2kry5vyo]know about you. It might be that you're just not offering a service that the majority of them want or need. Time to expand into other areas or just change fields entirely?


Share this article with your friends. Fund someone's dream.

Leave a comment below or share on the left and you'll help support entrepreneurs in Africa through our partnership with Kiva. Over $50,000 raised and counting - Please keep sharing! Learn more.

Newsletter

Get advice & tips from famous business
owners, new articles by entrepreneur
experts, my latest website updates, &
special sneak peaks at what's to come!

Name:
Email:

Popular Articles

The True Cost of Employee Turnover

Why Use an Advertising Agency

Qualities of Leadership Part 1

Suggestions

Email us your ideas on how to make our
website more valuable! Thank you Sharon
from Toronto Salsa Lessons / Classes for
your suggestions to make the newsletter
look like the website and profile younger
entrepreneurs like Jennifer Lopez.