So, who precisely is an entrepreneur, what are the qualities of an entrepreneur?... well Wikipedia says, "An entrepreneur is a person who has possession of a new enterprise, enterprise or idea and assumes vital accountability for the inherent risks and the outcome"... umm... okay but I'd reasonably say, that an ideal entrepreneur is an individual who guides a manpower in an effort to apply an idea(does not matter if it is his or of someone else and whether or not it's new or old) to fulfill those who want the advantages produced by it, which leads to monetary outcomes or profits.
So the essential characteristics or qualities of an entrepreneur can be:
- He or she ought to have an Concept (once more, regardless of who initially considered it and whether it is new or old).
- He or she should have the motivation/urge to pursue or apply the idea.
- He or she ought to have entry to manpower or to the power to make manpower accessible to him (advertising and marketing expertise apply here).
- He or Kevin Sheehan
she needs to be an excellent leader.
However then, there are other kinds of people too who have some or most of the above talked about qualities; however we don't call them Entrepreneur. A very good instance of such a person may very well be a scientist. Scientists do have ideas or, in different words, they will really create ideas. They are undoubtedly excited or motivated about pursuing their ideas and little doubt, they are good leaders as well they usually, for certain have entry to at least minimal manpower (No, most scientists don't work in solitude as shown in motion pictures like Robin Williams' Flubber or Frankenstein, they have at the least 2-10 individuals working below them as junior scientists). However then why don't we call a scientist an entrepreneur as well? Is he an exception to the above definition?... meals for thought huh?
And how about a dictator? He has his personal or borrowed ideas, He desires to use them, he has access to man power, can guide them very well... in truth, they are going to do almost anything he wants. So, does that imply, a dictator is an entrepreneur or, an entrepreneur is a dictator!!