Monday, April 9, 2012
What is an entrepreneur?
It
seems that the entrepreneur is a bit of a maverick. They are equal parts Renaissance Person, true
believer, and test pilot. An
entrepreneur is a futurist that is always asking the "what if"
question as they seek to find solutions to problems. It is through the solving of problems that
the entrepreneur makes lasting changes that creates long-term value and
utility. The entrepreneur chooses a life
of risk as they often operate on the fringes of knowledge and accepted
reality. They face criticism from naysayers
that say that what they are doing can't be done. The Chinese have a little proverb that
states, "Those that say it cannot be done should get out of the way of
those doing it." So the
entrepreneur must fight uphill, with limited resources, against criticism and opposition,
all the while believing they will succeed, but knowing that failure is a real
possibility. I believe the fear of
failure is one of the main reasons that few chose the path of the
entrepreneur. I have a saying (one that
my wife hates) that goes a little like this, "If it were easy then
everyone would do it." The
Entrepreneur's Guidebook reminds us that the entrepreneur's goal is not to create
wealth but to create value and utility. If
you seek to create value you might create wealth but seeking to create wealth
generally creates no wealth or value. This
is a very important idea that allows us to distinguish entrepreneurs
from those that plot get-rich-quick schemes.
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