According to Wikipedia, an entrepreneur is the main person that manages the launch and growth of a business, also known as an enterprise. However, other sources state that an entrepreneur is an individual that just starts up a business, but who is subject to most risks as well.
The definitions are quite similar, even if they vary a bit in phrasing. But most of us might think that the first is not entirely correct. Why? Well, it’s due to the massive number of entrepreneurs that we see and meet daily.
Entrepreneurship enjoys so much popularity, nowadays, but not in a good way. Most people wouldn’t believe that an entrepreneur manages the launch and the growth of a business. Let’s see what this word really means!
What Does it Mean to be a Modern Entrepreneur?
As mentioned, the popularity of this position or job is such that we have more than enough entrepreneurs on our hands. The result? People who managed to make as little as $10 from an investment, now call themselves entrepreneurs. The same applies to those who made a T-shirt design and are selling it via a print-on-demand service.
In short, the modern entrepreneur refers to anyone that can make money using unconventional ways. If you don’t have a nine-to-five job but make a decent monthly income, you could call yourself an entrepreneur.
But this is not the essence of this word (and its related position). With the right entourage around you, you’ll see exactly what the spirit of an entrepreneur really is (or should be).
What Does it Really Mean to Be An Entrepreneur?
For those that have been in the business world for some years, entrepreneur bears an entirely different meaning. They don’t see entrepreneurs as simple managers or employees. Instead, they see them as the people that can actually increase the income of a business via innovative ideas.
Very much like the term itself, what an entrepreneur does is directly related to innovation. If you don’t know how to scale your business, an entrepreneur will certainly find the way to do it, one way or another.
This is because what entrepreneurs do best is based on defining a business and then improving it right there, on the spot. When they find the thing that ticks, so to speak, they start investing and building an enterprise out of that particular innovation.
Entrepreneurship in 2021
Today’s entrepreneurs somehow blend the two instances mentioned above, even if the first one is more prevalent. But they do so for the better. If you check FX-list.com, find a good broker, and then engage in copy trading, for example, you’ll see that most traders also call themselves entrepreneurs.
They don’t call themselves that just because they trade. They do so because, with the help of trading, they manage to fund their innovative businesses and entrepreneurship activities.
The Bottom Line
Every 20-year-old, with some money from their parents to trade online, call themselves entrepreneurs. There’s no shame in that. However, if you want to make a difference and be a real entrepreneur, you have to do much more than just that with your money.
Some would say that entrepreneurs really put their money where their mouth is when it comes to managing a business or idea, and they do so endlessly and tirelessly.