What Is Entrepreneurship

Written by Josh Hines on May 31, 2013 under Startup Question Blogs
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Entrepreneurship is the process of creating and seizing an opportunity to solve a problem in the world, and pursuing it regardless of the resources currently controlled.

What Is Entrepreneurship

The American Heritage Dictionary defines an entrepreneur as, "a person who organizes, operates and assumes the risk for a business venture." Entrepreneurship is described as more than being in business for yourself, there are a number of ways to become a business owner, but the real question comes down to asking yourself are you comfortable with the taking on risk and not taking the comfortable path of finding a job.

Can anyone be an entrepreneur? Although some people argue that entrepreneurship is genetic and a trait you are born with, I believe that with the right amount of education, training and drive anyone can become a entrepreneur.

Does entrepreneurship have to be a full-time or can you be a part-time entrepreneur? There is a huge shift right now from corporations to small business, mainly home-based businesses, that parents are starting in order to make an income supplement so they can provide more for their children. These part-time entrepreneurs are able to work in their spare time and generate thousands if not millions doing entrepreneurship part-time.

So what is the main purpose of becoming an entrepreneur? Most entrepreneurs simply go into business for themselves so that they can create their own schedule, be completely responsible for their success or failure and to fulfill their personal desires or passions. Most entrepreneurs start businesses that revolve around their personal passions or a "lifestyle" business that the entrepreneur actually enjoys doing day in and out.

The main difference between an entrepreneur and an employee is the attitude the two have for their lives and the world that surrounds them. As an entrepreneur they see the world full of opportunities and are willing to take responsibility for their destiny and the risk associated with it. Where as, employees see entrepreneurship as long hours and strenuous work, so they tell themselves that it is to much responsibility for them to handle and it is to risky to go into business for themselves.

Entrepreneurship in the end can simply be described as anyone who sees a problem in the world and can provide a solution to that problem while at the same time being paid for the product or service being offered.

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