Am I an entrepreneur?

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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.

Service

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.

Please note: I reserve the right to delete comments that are offensive or off-topic.

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8 thoughts on “Am I an entrepreneur?

  1. Interesting post.

    When you find a need to fill, that’s when you have to make a choice. Do it or not. Most won’t and some will. The ones who does are the entrepreneur. They do stuff. They don’t wait for the perfect setting to start. :)
    Serge Cote recently posted..Are you a Victim?My Profile

  2. Nice and soulfully deep Justin…

    For me the ‘entrepreneur’ is someone who emotionally and actively make a return on an activity that provides a service to self first and others second. The pursuit of the return fuels the momentum. Some people don’t pursue anything and remain static (most peole). Entrepreneurs are always going forward either in thought or action, their view of the environment is always moving. These type of people are the progressives in any society and without them, in my mind, there is no progress.

    Best Regards,

    Paul

  3. I didn’t write the article Paul it was done by Tom Wacker. He’s going to be doing some writing for this blog over the next few months.

    It’s a deep question and I plan on writing a reply to it in a future blog post.

  4. Passion is what separates entrepreneurs from the run of the mill college graduates who migrate into the land of the 9-5 job. Instead of working for a wage, entrepreneurs work for a fortune.

  5. Having nearly 11 years working in a corporate environment I have realised that to become financially free I would have to sell my soul to the devil in order to climb the ladder.

    Should I get the chance of a very generous redundancy package I would start my own business in a heartbeat, so I guess that I’m a frustrated entrepeneur waiting for the capital injection to start something.

    Andrew

    p.s. I’m also a bit of a coward as I won’t risk bankrupting the family to try something now, when you read the history of most self made millionaire’s it does have a “gone bust” chapter.
    Andrew Stark recently posted..Claim Bill’s Birthday Badge Hunt #85My Profile

  6. Hi Justin…
    I’m looking for everything about entrepreneurship until now…I think I have to learn much about this…Nice post…Thanks…

  7. Being a franchise owner and having creating a website to capture a niche for a service and need I consider this active passionate pursuit as being an entrepreneur to building an enterprise. The keyword being ACTIVE.