ENTREPRENEURSHIP

Anne Onyambu
Ms Lorrinda Khan
October 29, 2011

A Successful Business Is Created before There is a Business

Entrepreneur can be defined in two ways: a) an owner or manager of a business enterprise who makes money through risk and initiative. b) One who undertakes innovations, finance and business acumen in an effort to transform innovations into economic goods. Are people born entrepreneurs or are they trained to be entrepreneurs? Asking such a question if people are born or trained to be entrepreneurs is a question that makes no sense. It would be like asking if people are born employees or trained to become employees. People are trainable. They can be trained to be either employees or entrepreneurs. The reason there are more employees than entrepreneurs is simply that our schools train young people to become employees. That is why so many parents urge their children to go to school in order to get good jobs. I have yet to come across a parent who says, “Go to school to become an entrepreneur.” The difference between an employee and an entrepreneur is that employees look for jobs after the business is built. An entrepreneur’s work begins before there is a business. Therefore, a successful business is created before there is a business. An entrepreneur is an owner or manager of a business enterprise who makes money through risk and initiative. Entrepreneurs become leaders because they perceive opportunities available and are well-positioned to take advantage of them. Most entrepreneurs share these common traits. Successful entrepreneurs create smart goals for themselves. They also create, maintain, and expand their network of relationships and resources. Successful entrepreneurs are some of the most educated, (perhaps not formally) people, willing to listen to everyone and understand that timing is crucial in business. They