Entrepreneur? - What the Heck is That?

Entrepreneur - a word that is hard to spell and its meaning is tied to business. But what does it really mean? Before becoming one, you need to know what it is. Perhaps you are already one? Are you an entrepreneur?

According to most dictionaries, an entrepreneur is a businessperson who willingly takes a new idea, concept or enterprise. He or She will take on the full responsibility for the outcome. They provide more then capital. Just providing capital would make them an investor, not an entrepreneur. An investor usually will let someone else handle all the day to day business activities.

Any person who invests in a business enterprise and then also runs it can be called an entrepreneur. An entrepreneur is someone who develops a fresh and new product, a new way of manufacturing, or an innovative market. A large number of new ideas, products and ways of creating are developed by entrepreneurs. Often, they are then picked up by bigger companies and mass produced. Smaller companies can devote their ideas to a narrow niche and not have to spend the expense of mass production and advertising. This means more of their resources are spent on being innovative.

Some people just naturally have the spirit of an entrepreneur. You can see it early in life. The way the child problem solves. Usually they are more thinkers and often scheme their brothers, sisters and other relatives into getting them what they want. They set high goals that often seem impossible to those around them as they age but yet they often manage to reach or at least come near to reaching them. However, a person not born with this natural spirit can develop it.

The first key is to set a goal and let nothing stand in your way. A true entrepreneur does not worry if something does not work the first time. They just try another route till they find the way through the maze or difficulty. This means the number one quality that must be developed is to be a bit of a risk taker. Leadership skills can be learned. If one is not creative, linking up to creative people can also be achieved. But the biggest key is to have a goal that is solid in a person's mind that the drive and passion fuels the disappointments and roadblocks.

Though entrepreneurs are known to be risk-takers, they still have to make sure that they are entering a good business. There are thousand of opportunities available in our electronic culture and even in areas of health and wellness. Take the time to study markets. Find one that you believe in.

Becoming an entrepreneur is an exciting and challenging task. Learn what you need to know before moving forward and then do not hesitate to introduce something new to the market. Customers often like to be the first to have the latest idea, concept or product. What are you ideas? Is the area your considering starting in, have a need for your idea? What is your competition? When you have the answers and you are prepared. Step to the edge of the platform and leap! After all, faith in yourself and what you create are more powerful then any static!

Cheryl Matthynssens
cheryl@thebalanceguide.com
Balanced Freedom