9/22/2012

What is entrepreneur

The origin of the word derives from the French words entre meaning "between" and prendre being the verb "to take". The French economist Richard Cantillan related it to those who carried the risk in the economy. (Risk-taker)

The definition of entrepreneur: a person who habitually creates and innovates to build something of recognized value around perceived opportunities.

"recognized value" means creation of financial capital, social capital and aesthetic capital.

An entrepreneur is someone who knows the right people, can pick a good team, act quickly and make it all happen.

Reasons to be an entrepreneur: seek independence, wait to be his own boss, respond to a challenge, possibility of wealth

The low rating of money and wealth as a motivator with entrepreneurs is against the general perception of the entrepreneur. In reality money is a by-product of the business entrepreneurs, but it is this that people see and , so, assume it to be the main motivator.

internal locus of control: the extent to which people feel they are in control of what happens in their lives.

the main difficulty is one of the cultures where we are suspicious of people who become wealthy.

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