An entrepreneur can be anyone that is doing something they love to earn money and not working for someone else. A child running a lemonade stand during their summers and earning money with a little help from their parents can be an entrepreneur. Being an entrepreneur can be opening a business to do something that they love doing, be it part- or full- time and it can happen to anyone at any age in life. The business can grow or stay the same just depending on what the entrepreneur wants to do with their business. Businesses can be started simply for personal reasons or for impersonal reasons depending on what the entrepreneur wants to do with it. If the business is earning money steadily and is efficient in operating, then it is a born entrepreneur who created the business. An entrepreneur can be anyone who creates a product or service that benefits the community best, such as a programmer creating a computer program that creates firewalls that are stronger than any other programmer’s firewalls. <“If by definition a small business owner establishes a business to further personal goals and an entrepreneur establishes a business for profit and growth, then what do we do with the individual whose personal goal is to establish a business for profit and growth? (Are the goals of profit and growth to be considered impersonal goals?),” (Gartner 1988, p24)>. An entrepreneur does not have to have a large business, they just need to have a business that they can make prosper and thrive in the ever-changing communities that are all around the world. If a business is created and breaks even every week, month, or year it is just staying afloat and could sink if something happens that can cause them to not get business. An example would be a computer program being sold that has unexpected virus’ and needed to be bought back by the company or like when the corona virus happened around the world in 2020, with places having to shut down temporarily or for good because of the unknown damage it did to businesses. Even with a business just staying afloat it still took an entrepreneur to create the business. The question who an entrepreneur is and who is a non-entrepreneur is something that can be answered simply: Anyone can be an entrepreneur if they want and it does not matter their traits or their behaviors.
Entrepreneurship has become popular in recent years because of how entrepreneurs are creating businesses and earning thousands of dollars by the end of their first year of operation and continue to raise their net worth every year after the initial year of operation, this mainly happens in large cities and industries that are highly relied on around the world. <“Why this newfound popularization, even idolization, of the entrepreneur?” (Herbert, Link 1988, p39)>. The stock market crash of 1987 happened just the year before and people could already open businesses in the after math of the crash and start thriving even with everyone being cautious due to the crash. People looked up to the few who could maneuver around the economy during this period of time because they were still able to create job opportunities and have a steady income. Some other businesses that had been in operation for years had to close down for good or sell their stocks at low prices earning less than they would have for their shares before the stock market crash. The men and women who created job opportunities for others as they were fired or forced to leave their jobs because of their jobs not having the money to pay their wages or to stay in operation any longer, were idolized by those who feared the crash and the effects it had on the economy. An entrepreneur can decide to help others and create opportunities for them in times of uncertainties.
An entrepreneur ventures into the unknown knowing that if they fail, they could lose everything but still trying and they can help others by creating opportunities for others to venture out as well and choose different paths. President Hoover created opportunities by wanting to build a dam and creating new towns for those that built the dam that President Hoover imagined. When <“Sarasvathy (2006, p. 3), says ..we teach potential entrepreneurs an extremely causal process – the sequential progression from idea to market research, to financial projections, to team, to business plan, to financing, to prototype, to market, to exit, with the caveat, of course, that surprises will happen along the way,’”> I agree that it is just the extremely causal process that they are taught in college, but they should teach the more complex and difficult process. The process that they do not teach is difficult to understand unless you allow them to just dive into the economy and have the ability to survive the storms and the whirlwinds of the ever-changing world.
- Gartner, W. B. (1988). “Who is an entrepreneur?” is the wrong question. American journal of small business, 12(4), 11-32.
- Hébert, R. F., & Link, A. N. (1989). In search of the meaning of entrepreneurship. Small business economics, 1(1), 39-49.
- Sarasvathy, S. D. (2006). What makes entrepreneurs entrepreneurial?
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