The Oxford Dictionary definition of an entrepreneur says:
Entrepreneur – Pronunciation: /ˌɒntrəprəˈnəː/ noun “a person who sets up a business or businesses, taking on financial risks in the hope of profit: many entrepreneurs see potential in this market”.
Wikipedia says entrepreneur is “a term applied to a person who is willing to help launch a new venture or enterprise and accept full responsibility for the outcome”.
Even entrepreneurs themselves have their own definition of the term. But what actually makes an entrepreneur? What are the key characteristics of an entrepreneur?
This is the first in a series of short video blogs highlighting Exchange members and their interpretation of what makes an entrepreneur.
It features Simon Burges of BiP Solutions, Liz Hoskin of Positive Qualities, Nick Cohen of PCR IT, Billy Lyle of Target 360, Hamish Robertson of RT Franchises and David Frame of B&D 2010 Group.
I would add that an entrepreneur has the skill and ability to identify good opportunities and is capable of taking advantage of them.
Taking action is another characteristic. I don’t believe there are any “real” original ideas. I believe thousands of us have the same ideas at the same time, the difference and excitement is when someone takes action on an idea and turns it in to something tangible.