What (or who) is an Entrepreneur?

What is an Entrepreneur?

“one who undertakes innovations or introducing new things, finance and business acumen, in an effort to transform innovations into economic goods. This may result in new organizations or may be part of revitalizing mature organizations in response to a perceived opportunity. The most obvious form of entrepreneurship is that of starting new businesses (referred as startup company); however, in recent years, the term has been extended to include social and political forms of entrepreneurial activity. When entrepreneurship is describing activities within a firm or large organization it is referred to as intra-preneurship and may include corporate venturing, when large entities spin-off organizations.”

Scott Andrew Shane (2003). A General Theory of Entrepreneurship: the Individual-Opportunity Nexus. Edward Elgar Publishing.ISBN 1843769964.

Who is an entrepreneur?

Eric Ries describes an entrepreneur as someone having:

  • strong vision for the future
  • appetite for risk-taking
  • needing a process to ‘validate continuous learning’

Bill Aulet, MIT Entrepreneurship Center director, says:

“Many believe that entrepreneurship cannot be taught, but great entrepreneurs aren’t born with something special – they simply make great products.” In the book, ‘Disciplined Entrepreneurship” Bill Aulet will change the way you think about starting a company.

He shows you how to create a successful startup through developing an innovative product. He breaks down the necessary processes into an integrated, comprehensive, and proven 24-step framework that any industrious person can learn and apply.

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