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Thursday, 10 May 2012

What Does Entrepreneur Mean?

Say you have a business plan and you intend to carry it out starting with a small business enterprise. You gather the right materials, the needed capital for investment and then you launch into the business. If you are one who does this-launch your own business enterprise amidst the risks posed by the industry you wish to enter-then you can be called an entrepreneur.

Following its business definition, an entrepreneur is someone who owns or manages a business through several risks. When you are termed as an entrepreneur, then it means that you would take full responsibility of whatever outcome would be of your business.

At present, there are already several definitions of the term entrepreneur. Often, people who are called entrepreneurs are young people who wish to venture into businesses of their own passion. Nowadays, most young entrepreneurs launch their businesses through online stores wherein they post photos of their products on line, receive orders via electronic mail or phone calls and then ship the order to their buyers' addresses.

You can be one of the many types of entrepreneurs. You can opt to be a social entrepreneur, which means that your business would be geared toward the improvement of social, environmental, economic, educational and other noble aspects of society. These are businesses that usually fall under the category of non-government organizations and charity groups.

If you have a particular passion that you wish to turn into a money-making business, then you can be a lifestyle entrepreneur. Examples of this type of entrepreneur are people who have a passion for photography, fashion design and even writing. They can sell their services as photographers for certain events or as freelance writers. Or they can also design clothes or apparels that they would market under their own small label.

But if you have several ideas that you would want to create a business out of, you can therefore be a serial entrepreneur. It is like building up your own conglomerate wherein you have small labels nestled under one proprietor.

Regardless though of the type of entrepreneur that you want to be, the only important thing is that you have the right qualities. You need to be good as a leader and as a communicator. Most importantly, you need that knack in predicting what can work for your small business and what your consumers are likely to want from your company or from the services you are offering.

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