Well, this might actually look like a funny topic but most of “entrepreneurs” claim this title without having a full knowledge of what it really entails.
Going by various online sources one could define an entrepreneur as a person who organizes and operates a business or businesses, taking on greater than normal financial risks in order to do so.
But is an independent freelancer an entrepreneur? What about a full-time Uber driver? Someone who runs a stall at a fish market? Where do we draw the line, if there is one to draw?
This wide range of interpretations, coupled with all the new ways for people to make money on their own terms, begs the question: What exactly is an “entrepreneur” today?
So frankly speaking to be an entrepreneur, the yardstick is not just starting a business or learning a trade. You become an entrepreneur the moment you decide to dedicate your life to whatever business you do or service you render which means you have a better vision for it and are willing to build a structure around it no matter the cost(financially, emotionally and physically).
So as an entrepreneur you must have some sort of goals(short term and long tern) for your investment and must be ready to be true to it.
Most Artisans who have learned one trade or the other are quick to take the title entrepreneurs but then there’s a difference between being a professional in a field and an entrepreneur.
An entrepreneur might not necessarily be a professional in a field but he will be passionate about the field and willing to stamp his name and make his mark in the field.
“An entrepreneur is someone that can sustainably serve an audience because they have a profitable business model.”
—Felix Thea, Owner of TrafficAndSales.com
Beyond what Felix Thea said we can say it’s also important as an entrepreneur for you to have a business model.
What is a business model??
In simple terms “A business model” is a brand’s plan for making a profit. It identifies the products or services the business will sell, the target market it has identified, and the expenses it anticipates.
The three concepts are
1.) What product or services do you sell???
Give your brand a face.
2.) Your target market???
Which includes your existing customers and your prospective customers. The kind of people your products or services will appeal to or would be necessary for.
3.) The expenses it anticipates???
This involves your cost and revenue.. How much you put it and how much your returns will be.
In conclusion Entrepreneurship is a very good career path but one that one should be ready to tackle it obstacles and put nothing less than 100% into it, because as I do say, “the most profitable investment is investing in yourself”
Very soon we’ll be dealing with various aspect of entrepreneurship and how to build a successful business model.
Feel free to drop any questions and opinion about entrepreneurship in the comment section..