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The definition of an entrepreneur

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Entrepreneurship is the pursuit of opportunity without regard to resources currently controlled.

The above is a quote from Harvard Business School professor Howard Stevenson. He’s quoted in “Breakthrough Entrepreneurship” by Jon Burgstone and Bill Murphy Jr.

It came to me via Inc., and I think is a great way to describe the perspective of many small business owners. They aren’t all hard-charging, and they aren’t all smooth salesmen. But to a person, they all have a desire to make something and do whatever it takes to get there, regardless of what the current reality affords them.

Here’s Burgstone on the way entrepreneurs think:

Every time you want to make any important decision, there are two possible courses of action. You can look at the array of choices that present themselves, pick the best available option and try to make it fit. Or, you can do what the true entrepreneur does: Figure out the best conceivable option and then make it available.

You can read the full article here.


January 31st, 2012 at 12:52 pm