I really dislike that word in the way it’s bandied around so much but haven’t quite found a better one yet. I’m utterly uncomfortable with being called that.
For me an entrepreneur is someone who has ideas that solve a pain point for people, or fill a gap in the market (even if you didn’t know it existed) and then executes them. They may start the business but after it’s growth they do not manage it. That’s what a high level manager does. The entrepreneur is onto the next idea.
Richard Branson is the ultimate entrepreneur. I am not. I am in my business. I work heavily in it. Directly with clients. Yes I take on risk and profit but I am not executing a multitude of businesses that can work without my deep involvement. My businesses would not currently run beyond my death. Nor have I made quite an impressive amount of income from them enough to dedicate millions social good.
Yup I’m from the field of people that believe business is – and should be – more than making money. It should also be about making an impact and not just in consumers lives. Whether that’s developing local communities through your actual business, employing underprivileged people in the business, giving profits to grassroots organizations or establishing an arm to your business that is a social enterprise – businesses should do good.
“Entrepreneurs need to change their way of thinking and make their businesses ‘a force for good’ , not just a force to make money, if they think like that and empowered all their staff to think like that, they can make a massive difference” – Richard Branson
Entrepreneurs employ people with more skills and smarts then them. They see beyond the operational – they see the vision. Entrepreneurs make it happen, without the resources to make it happen.
“Every time you want to make any important decision, there are two possible courses of action. You can look at the array of choices that present themselves, pick the best available option and try to make it fit. Or, you can do what the true entrepreneur does: Figure out the best conceivable option and then make it available.” – Jon Burgstone
You’re probably not an entrepreneur.
Until you are.