En.tre.pre.neur N (Fr) One who organizes a business undertaking, assuming the risk for the sake of the profit. [see enterprise]
En.ter.prise N (L) 1 an undertaking, especially a big, bold or difficult one 2 energy or initiative
Webster's New World Dictionary 4th Edition 2003
There are the definitions that we are going to explore for the next while. I may wander off point from time to time, but will come back to right here regularly. This is where we start.
Am I an entrepreneur?
Good question. I would honestly have to say that right now, I am not (unless you count this blog series as an enterprise). I am a wannabee, on my journey to a soontobe. Two technical terms that we will explore at some length in the future.
The once and future entrepreneur.
I have been an entrepreneur more than once in my life, to mixed success. A hydraulic service, a landscape/sprinkler service (a side business with 3 partners that did very well), boat mechanic service, small equipment service, cleaning service, coffee shop. In 45 years.
Does that make me an entrepreneur? Once an entrepreneur always an entrepreneur? Or are you only an entrepreneur when you are pursuing an enterprise? I don’t know, is the honest truth. I tend to think you are only entrepreneurial when you are in hot pursuit of a goal and a business, but I could be mistaken.
Note that all but one of my entrepreneurial enterprises had service in their description. Service in this case is a derivative of servant: to serve. All of these were undertaken in response to a need that I perceived at the time. I think service is an important concept in any enterprise that is organized for profit.
The definition revisited
So let’s add a little to the working definition of entrepreneur. I suggest that every enterprise is undertaken to fill a lack or a perceived need in a clientele. I know what you really need, and I just happen to have it here for sale.
So this is where we start. Entrepreneur and Enterprise, with a side order of service and need. Where does it go from here??
What do YOU think? That is not just a polite question here. I didn’t ask it to find a way to finish this off, I REALLY want to know what you think about the subject(s). Feedback and comments will have a large part in which way this goes. Please leave your comments, they are as valuable as gold to me.
So. What do you think?
Once an entrepreneur always an entrepreneur?
Is service integral to entrepreneurship?
Does need play a title role or is it strictly in support?
Is every enterprise entrepreneurial?
I’d really like to know.