Myths of an entrepreneur are revealed

Individual does not have necessarily be a shareholder of the company to be regarded as an entrepreneur.  On the other hand, person should not be considered as an entrepreneur if she/he does not innovate. For example; an owner of a book store is not an entrepreneur if she/he does not challenge the status-quo. She/he is an entrepreneur if she/he relentlessly search for new ways of doing business, marketing her/his product or introduce better processes into the organization.

Person who innovate is an entrepreneur.

Entrepreneur does not have to manage a business to be called as an entrepreneur. He/she can be an entrepreneur who manages an non-profit-organization or work in a government.

The single imperative to be an entrepreneur is to innovate.

The term entrepreneur  may imply the following terms: Shareholder, Investor, Boss, Owner, Merchandiser, Trader, Founder and Innovator.  All of these roles may be called an entrepreneur but they are indeed in a continuum of entrepreneurship. The following descriptions are listed from low-entreprenual activity to high-entreprenual activity:

  • Shareholder/Investor: The person is in only in the investor role, do not participate in decision-making process.
  • Boss/Owner: The person owns and runs a business but the business is not necessarily founded by her/him. She/he may be a second-generation
  • Merchandiser/Trader: The person does not produce anything. She/he buys and sells.
  • Founder: The person establishes a new company but does not innovate something new.
  • Innovator: The person innovates. She/he brings new ideas, initiates new projects and new products. She/he does not need to be the owner or shareholder of the company. She/he can be an intrapreneur.

About ozgurzan

Professional: 1999- Co-founder and Managing Director of Done Information & Comm. Systems Academic: 2008 Ph.D. Organization and Management - Yeditepe University 2002 MBA - Yeditepe University 1994 Computer Engineering - Bogazici University
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2 Responses to Myths of an entrepreneur are revealed

  1. Aykut says:

    Short, but nice article. 🙂 Thank you.

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