The Entrepreneur Definition

The question of the entrepreneur definition is probably one you’ve heard thrown around quite a bit, especially if you are an entrepreneur or want to become an entrepreneur.  Well  you may not have actually thought about the actual definition, but you definitely know how to use it correctly in a sentence.  But how do you define entrepreneur?  When you ask people this question, you will be amazed how many different definitions you will get.  Even on the web.  Now you may not have even thought about this question and you just assumed you know the answer.

I’ll admit, that for a long time I was in this boat, until someone asked.   So what would you say if someone asked you “What is an entrepreneur”?

Like you I’ve heard many different definitions and have read probably just as many.  But on the other side, I had my own pre-conceived ideas on the definition of an entrepreneur, mainly coined from who and what I observed personally to be.  It wasn’t even something I could really put into words until I just really thought about it.

But one day I decided to go take a look online found the following:

“a person who organizes and operates a business or businesses, taking on greater than normal financial risks in order to do so.” – Google search

a person who organizes and manages any enterprise, especially a business, usually with considerable initiative and risk.” –Dictionary.com

Aside from formal definitions, in the entrepreneurial space itself, you are more likely to get a definition more like this:

“An entrepreneur is one that solves problems for people at a profit.” This is a pretty popular one but today I just heard the best definition of an entrepreneur that I’ve heard yet and that is:

An entrepreneur is one that provides opportunities for others.  Now this one stood out by a mile and really spoke to me and what entrepreneurship should be.  If you notice this definition is all about what you provide to others.  This one really captures the true definition of an entrepreneur and why I do everything that I do.  It’s why I started this podcast From Ordinary to Extraordinary.  It gives opportunities to entrepreneurs and those looking to become opportunities by giving access to information, advice, community support and exposure.  All of these create opportunity for wealth creation.

But taking it a step further, the driving force behind me starting this was the passion to see a better world, to provide solutions to some our world’s most pressing problems.  I honestly think that entrepreneurship is a huge part of the solution.  And the more entrepreneurs we have that are creating solutions for others, the better off we will all be.

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