Understanding entrepreneurship is not easy, though the basic definition of an entrepreneur is pretty simple. There are many variants, but they all boil down to pretty much the same ingredients. Do not get hung up on the idea of being an entrepreneur. If you are determined to start a business, then you are one.
In other words, entrepreneurship is a mindset and an attitude combined with a skill set and the tools to make a new venture happen.
An entrepreneur is a person who starts and/or operates a business, assumes the financial risk, and relies upon creativity and personal motivation to achieve results.
Are you the right age to start a business? There is no right age.
Is it the right moment to start a business? There is no right time.
Quiz from Daniel Isenberg, a Professor of Management Practice, Babson College (a place where understanding entrepreneurship comes naturally):
- I don’t like being told what to do by people who are less capable than I am.
- I like challenging myself.
- I like to win.
- I like being my own boss.
- I always look for new and better ways to do things.
- I like to question conventional wisdom.
- I like to get people together in order to get things done.
- People get excited by my ideas.
- I am rarely satisfied or complacent.
- I can’t sit still.
- I can usually work my way out of a difficult situation.
- I would rather fail at my own thing than succeed at someone else’s.
- Whenever there is a problem, I am ready to jump right in.
- I think old dogs can learn — even invent — new tricks.
- Members of my family run their own businesses.
- I have friends who run their own businesses.
- I worked after school and during vacations when I was growing up.
- I get an adrenaline rush from selling things.
- I am exhilarated by achieving results.
- I could have written a better test than Isenberg (and here is what I would change ….)
How did you do?