Was seeing a TV show yesterday, and one of the people (now, an entrepreneur) mentioned that in his past jobs, he had always taken a goal and then given the resources at hand, had tried to make the best of it — and in that sense those jobs themselves were very entrepreneurial… Got me to think who is an entrepreneur? Especially, now that one keeps hearing about intrapreneurship, social entrepreneurship, etc.
I am a pretty black and white guy on this — you have either put yourselves on the block to realise a dream, or you haven’t. What do you think? and what are the strangest interpretations of entrepreneurship you have heard?
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i think an important element of who an entrepreneur is being able see what others don’t. the challenge will be to communicate that vision, and this can make the difference between success and failure. it is important that the entrepreneur realizes that they can not achieve their goal alone. he or she will therefore have to pay attention to human capital as well as financial capital and this can be faustrating and time consuming!
Entrepreneur is one
-who takes charge
-who sees an oppertunity in this world of uncertainty
-who works to encash creative ideas for the profit of society and himself
-who ethically pursue his vision and passion
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as i observe that entrepreneurship is process of starting a new entreprise by entrepreneur now entrepreneur is someone who enable to convert a new idea or invention into the enovation. i have read out many magzines and have attended class too of entrepreneurship but i think who has contingency plan to start a venture that person is called entrepreneur.
Entrepreneurship is about creating value. Entrepreneurship is all about identifying the problem and finding a solution before anybody else does. The timing of the solution is also very important.
Entrepreneurs work towards changing the status-quo for the better. It may involve making something (already existing) better or it may involve creating something from scratch.
Apple pioneered the Graphical User Interface, but it was Microsoft which took it to the next level. Hence, innovation, which is the hallmark of entrepreneurship could be incremental in nature, not necessarily ground-breaking.
Capt. Gopinath who started Deccan Aviation is also an entrepreneur because he pieneered low-cost flying in India. This kind of business, though it existed elsewhere in the world, he took the initiative of bringing it to India.
Sabeer Bhatia did not invent e-mail, it just brought it to the web.
Sometime back, there was a company called Cybercash which pioneered online payment systems before the world was ready for that kind of technology and they miserably failed.
You need not venture out on your own to be a successful entrepreneur, but your contribution can fetch better recognition if you have the guts to venture out on your own.
Narayana Murthy would not have been known as a successful entrepreneur if he had helped Patni (his job before Infosys) grow to be a multi-billion dollar company. The success of Google, Microsoft, IBM etc is because of a lot of entrepreneurs working for those organizations, but decided not to veture out on their own.