Does the idea of creating a business from nothing appeal to you? How would you like to be your own boss and lead a team of employees?<\/p>\n\n\n\n
There are more than 27 million entrepreneurs<\/a> in the United States. Each one has a vision and a dream to make a contribution to the world.<\/p>\n\n\n\n
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\n\n\n\nRelated Read<\/strong>: An Entrepreneur\u2019s Glossary: 15+ Entrepreneurship Vocabulary Terms Defined<\/a><\/p>\n\n\n\n
What Is an Entrepreneur?<\/h2>\n\n\n\n
According to Merriam-Webster, the definition of an entrepreneur is \u201cone who organizes, manages, and assumes the risks of running a business.\u201d<\/p>\n\n\n\n
This entrepreneurship definition was first used in the 1700s from the Old French word entreprendere<\/em>, which means “to undertake.”<\/p>\n\n\n\n
That\u2019s what you do when you pursue the path of entrepreneurship. You take an idea to create a business, validate the idea, write a business plan, and start your business.<\/p>\n\n\n\n
Of course, you have to assume the responsibility of the business. You take on all of the risks to start the business and make it successful. There\u2019s also a high reward for starting a business, too.<\/p>\n\n\n\n
Related Read<\/strong>: 9 Characteristics of Successful Entrepreneurs<\/a><\/p>\n\n\n\n
Types of Entrepreneurship<\/strong><\/h2>\n\n\n\n
There are dozens of paths you can take as an entrepreneur.<\/p>\n\n\n\n
There are many entrepreneurs who function as solopreneurs. Some examples of solopreneurs include freelance workers, such as writers and graphic designers. There are bloggers who make money and build a business from their content.<\/p>\n\n\n\n
Other entrepreneurs have purchased franchises or created their own businesses that they turn into franchises.<\/p>\n\n\n\n
There isn\u2019t one path to become an entrepreneur. Some of the most successful entrepreneurs didn\u2019t attend college. Others became successful entrepreneurs in their 50s.<\/p>\n\n\n\n
That\u2019s part of the beauty of becoming an entrepreneur. You get to set your own path as long as you have a vision and a viable idea for a business.<\/p>\n\n\n\n
There is a lot of hard work involved in building a business. You have to prove that your idea is profitable, learn about marketing, sales, operations, and customer service. You can learn a lot about business and entrepreneurship by reading books<\/a>.<\/p>\n\n\n\n
Related Read<\/strong>: 10+ Best Business Books to Read for Aspiring Entrepreneurs in 2020<\/a><\/p>\n\n\n\n
Who Are Successful Entrepreneurs?<\/strong><\/h2>\n\n\n\n
Some successful entrepreneurs are treated like celebrities because they created a business and turned it into an empire.<\/p>\n\n\n\n
Bill Gates is an example of an entrepreneur who started his business (Microsoft) in a garage. Mark Zuckerberg dropped out of Harvard to move to Silicon Valley and build Facebook.<\/p>\n\n\n\n
Ray Kroc changed the food industry in the 1950s when he realized that he could franchise McDonald\u2019s. He took an existing business and found a way to make it incredibly profitable by owning the land underneath the restaurants.<\/p>\n\n\n\n
There are also entrepreneurs that you don\u2019t hear about. There are plumbing contractors who decide to start a business. There are restaurants that started out of a food truck.<\/p>\n\n\n\n
Related Read<\/strong>: <\/a>50+ Best Entrepreneurship Quotes to Inspire, Motivate, and Encourage<\/a><\/p>\n\n\n\n
What Is Entrepreneurship?<\/strong><\/h2>\n\n\n\n
So, what is entrepreneurship? The entrepreneurship meaning is the act of creating a venture that has a lot of risks, but the potential for great rewards. There isn\u2019t one path to become an entrepreneur. You need to have a vision and a good business idea to start with. But most of all, you just need the courage to see it through.<\/p>\n\n\n\n
Entrepreneurship isn\u2019t for everyone. If it appeals to you, you should start to build your networks and learn as much as you can about entrepreneurship.<\/p>\n\n\n\n
Related Read: 3 Reasons Why Every Entrepreneur Should Pitch Ideas on Goodwall<\/a><\/p>\n\n\n\n