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Being an Entrepreneur!
Posted On 11/02/2009 21:12:14 by administrator

ON BEING AN ENTREPRENEUR


What does being an entrepreneur really mean and what does it take to be one?

An entrepreneur (a loanword from French introduced and first defined by the Irish economist Richard Cantillon) is a person who operates a new enterprise or venture and assumes some accountability for the inherent risks. A female entrepreneur is sometimes referred to as an entrepreneuse.

The newly and modern view on entrepreneurial talent is a person who takes the risks involved to undertake a business venture. I believe having an entrepreneurial spirit is just as important. Even if you are not starting a business, you need to step out of your comfort zone and challenge yourself to move to a more satisfying path in your life.

Entrepreneurs are said to efficiently and effectively use the factors of production. That is land (natural resources), labor (human input into production using available resources) and capital (any type of equipment used in production i.e. machinery). A business that can efficiently manage this and in the long-run hopefully expand (future prospects of larger firms and businesses), will become successful.

All people have something of value to share. It all begins with discovering your own abilities and acquiring what additional skills are needed to bring your “big ideas” to life.

For the entrepreneur, it begins with seeing value within themselves. Once entrepreneurs begin to truly see, to truly believe, then it becomes easier for an entrepreneur to see those “ideas” around themselves.

There is not one successful entrepreneur or visionary on the face of this planet who has not opened themselves to the treasure of discovering their own value and self worth. Self worth gives the entrepreneur the courage to take risks. All entrepreneurs are bold risk takers. It takes an incredible amount of courage for the entrepreneur to be immovable, while standing their ground and seeing more than what’s right in front of them.

After all, the entrepreneurial spirit is the epitome of the human spirit. Strength. Courage. Wisdom. Some of history’s greatest inventors and entrepreneurs have mastered the ability to see beyond their own time in order to create a future that humanity can be proud of.

Many people start on the path to becoming an entrepreneur and end up feeling like they have failed.

You take the steps to put yourself out there, talk to other entrepreneurs about what opportunities are available, you do your homework and you end up finding the opportunity that you believe can take you where you want to be in life – whatever that may look like for you. You find out what it takes to get started including costs, what your next steps are, and have everything laid out in front of you and are ready to take the leap.

Then something happens. Your mind wanders and gets cluttered in endless chatter, and you get a severe case of the”what ifs”. You freeze, and end up going back to your safe life.

What were you thinking anyway? You are right back where you started and living with doubt again.

I’ll tell you what you were thinking – “There is no way that I can do this on my own."

It is that type of thinking that keeps many people stuck in their lives. All forward movement in life involves taking risks and getting out of the "comfort zone" or safety zone that you have created where you feel you will not have to suffer any pain.

Successful entrepreneurs, regardless of the nature of their business, what their startup costs are or any other circumstance, employ an entirely different type of thinking – instead of thinking why they can’t do it, successful entrepreneurs think about how they can do it and look at the obstacles as a way to learn and excel.

The people who stay stuck can only see the obstacles in their way. They focus on anything and everything that could or might go wrong and they succumb to their fears. And they go back to what is comfortable for them.

Successful entrepreneurs know that being successful is all about being uncomfortable. They see obstacles as challenges. They are busy figuring what stone they can turn and how they can move heaven and earth to get to where they want to go. They know there will be challenges. However, successful entrepreneurs also know that their grit, determination, and desire to succeed can push them to overcome anything that comes in their path.

The key here is that you shouldn’t feel comfortable unless you are feeling uncomfortable. How can you grow if you keep doing the same thing, the “safe” thing?

You can’t.

Successful entrepreneurs do things that make them uncomfortable, and that make their palms sweat, because they know that the reward is absolutely worth whatever risk they are taking.

I hope you will take the risk and make the necessary changes that are there for you to enjoy a more fulfilling life.

Althroughout my life I have had an entrepreneurial spirit.  I stepped out there when everyone cautioned "you will be sorry" and I have never regretted doing so.  I took jobs that were not designed with women in mind and moved into areas where at times we were not wanted.  Did it involve risk?  Absolutely.  Did I profit from the experience?  Absolutely.

I may not have always profited in money but I profited in wisdom, courage and knowledge.

I believe the colleges have failed in many ways to teach our children how to be successful entrepreneurs and now we all must take up the cause and teach those that follow us to be inventive, to take risks and to live their life with a spirit of the entrepreneur.

Many blessings to you this lovely, chilly Autumn Week!


Rosie

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Viewing 1 - 3 out of 6 Comments


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11/06/2009 01:03:03


JohnofTriVita wrote:

Bravo! Being an entrepreneur is my definition of freedom. You can hold your head up high and be proud. You will fail sometimes but it makes you stronger in the long run. Learning from your mistakes is the true path to success. Thanks again Rosie for opening our eyes so we can see again.

My Dear John I thank you for your support and I agree as usual with you that we need to encourage our children to be entreprenuers, inventors, creators and innovators of the future! 

Rosie

11/06/2009 01:00:45


TheArtist wrote:

I agree with all the points you made, and especially the last paragraph. We do need to encourage an entrapreneural spirit in the coming generation. It's all too common for parents to give children everything the children want when they want it. It takes time and effort to teach children to become involved in learning to help provide for themselves,

I totally agree and like I commented to Roxie that our children are ill prepared to deal with the realities of life and the colleges are geared to teaching those that are seeking employment with major corporations etc.  Nothing is being taught about invention, creation of their ideas or independent critical thinking even.  I believe we are going to be looking at an entire different approach to education in the future starting with more Montessori based schools for the children will be a start.

Rosie

11/06/2009 00:55:57


Foxie77 wrote:

I aways felt being an emtrepreneur was stepping away from the traditional job but your definition is more then that. I like that. Most jobs I had, in the traditional company/employee form I ended up creating the job I had into something totally different then originally started. I have taken 3 jobs like that, where it was a first time job, with minimal descriptions, and then made it into something diferent overcoming the fact I was female and what the was needed for the company to succeed as well as myself, versus what was told by managment was required.I guess I too have always been an inventor lol. Makes me feel super groovy!



As far as colleges and schools are concerned that could be a whole other blog. There is so much lacking as far as how to simply live, after school.  They do not often teach credit, banking, how to budget, how to pay bills,  then there is how to interview, how to look for a job...where will you live, how to do anything that goes with normal adult life. I know parents try but life skills should be brought up in the school system. You are right so many parents teach how to be a good person, and give them tools in social responsbilty but we are missing the fundamentals of how to do things. Often we want to protect and give them a childhood...well by the time they are 12 they should be learning how to budget and save on a small level. Perhaps this recession might improve this..I jknow some of us learned from parents who went through the depression. These kids now, did not have that parental wisdom to learn from because the experience was not there.



 

I totally agree with you Foxie for the Colleges are not teaching our children how to survive in the real world.  I recently read where one family is suing a college for not preparing their children for life and I think we might see more of this.  The fees that are charged to educate our children are astronomical and the quality is lacking even in the "Ivy League" schools.

Rosie


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