Being an entrepreneur can be a rewarding venture, but there also seems to be some confusion as to what exactly comprises one. What exactly does it mean to be an entrepreneur? Are they simply those that start up their own business? How do they contribute to the economy? Certainly, there are many questions that should be answered.
Being an entrepreneur is more aligned towards the characteristics of what one is like. The Merriam-Webster dictionary defines an entrepreneur as someone who takes on the responsibility of organizing, managing and assuming the risks of a business or an enterprise. In essence, however, entrepreneurs are change agents. They are the ones who hope to solve problems and provide solutions.
Entrepreneurs know that they have the skills to satisfy needs, do something in an innovative way or solve a problem. They also have a vision of what they can contribute to the world, and do what it takes to launch a product or begin a social enterprise to achieve those goals. When those goals are attained, jobs are created for themselves and even other people. In other situations, entrepreneurs can change the world.
Regarding specific qualities, they are tenacious, a little crazy, noncompliant and do not care what others think. They typically never fit a certain mold and instead realize that they are born to stand out. They make things happen, and an entrepreneur has the relentless focus and energy to effect change. Whether that is through making money or facilitating social change, they know what their vision is. Their vision is what guides them to undergo a specific venture.
If there’s one admirable quality that all entrepreneurs face, it is a fear of failure. Failing is a natural part of life, but failure also presents opportunities to learn lessons. Entrepreneurs learn from their pitfalls and failures, thereby using it to create a better product.
Being an entrepreneur is not for everybody, especially when you consider the vast amount of responsibility that is on their shoulders. It requires a consistent drive to want to be successful, and it is not made for everybody. But for those who undertake the responsibility, they are not limited in their creativity or ideas.
An entrepreneur is somebody who looks to seek great change in our world.
About The Author
Yuri Vanetik is an Entrepreneur, Private Investor, Coalition Builder, and Philanthropist in Orange County, California. He is the Managing Partner of Vanetik International, LLC, a management consulting firm which offers advisory services and strategic planning to businesses and industries. He is also the Managing Partner of Dominion Asset Management, a technology-driven opportunity real estate fund that invests in undervalued real estate throughout the United States. Yuri Vanetik brings over 20 years of professional experience in a variety of roles, and has been featured in notable publications, including the Wall Street Journal, California Business Journal, Forbes, and Entrepreneur.