There is a lot written on the subject of entrepreneurship. Wikipedia describes an entrepreneur as someone who operates a new enterprise and assumes some accountability for the inherent risks. There are websites and books galore devoted to helping entrepreneurs.
Having started a company almost twelve years ago i wonder if I still fall into that class called “entrepreneur” or am I just a business owner? I could argue that in order to run a successful private business you are continually making investment decisions that carry significant personal risk … which probably still qualifies for the entrepreneur label.
Yesterday I spent an hour chatting with a young entrepreneur who is contemplating his foray into owning a business. He will be giving up his safe, very comfortable income, to take on significant debt and uncertainty with a venture he would be buying. He will be entering a business in an area where he has no real expertise and assuming responsibility for an existing team, existing structure, existing clients … and he is PUMPED!
That is what an entrepreneur is! He doesn’t care if he needs to work around the clock … he wants to make this work! He is bright, educated and has worked with many different businesses … he knows what he is getting into and is not afraid to ask for help. He is an entrepreneur!
He asked me if I still have that passion for Eagle after twelve years … of course I do! Its my baby … and I continue to work to make sure we are successful, and I am prepared to take those risks!
Maybe Wikipedia should remove that word “new” from its definition, because I am an entrepreneur … and a business owner. Life is GOOD!