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What Does It Mean to Be an Entrepreneur

News & Blog

  An entrepreneur is a problem solver and an innovator. He / She identifies a need and starts a business to distribute to others the solution to that need. Entrepreneurship is more than identifying and fixing problems, otherwise every teacher and mechanic would be an entrepreneur. So, what does it mean to be an entrepreneur? Experts and industry leaders were asked that question, and here are their responses.

An Entrepreneur Is Courageous and Reckless

“Entrepreneurship is at the core of the American dream. It’s about blazing new trails, about believing in yourself, your mission and inspiring others to join you in the journey. What sets [entrepreneurs] apart is the will, courage and sometimes recklessness to actually do it.” – Derek Hutson, CEO of Datical

An Entrepreneur Is Innovative

“Entrepreneurship is the persistent progression towards an innovative solution to a key problem. It’s the constant hunger for making things better and the idea that you are never satisfied with how things are.” – Debbie Roxarzade, founder and CEO of Rachel’s Kitchen

Entrepreneurship Is a Mindset

“At its core, [entrepreneurship] is a mindset – a way of thinking and acting. It is about imagining new ways to solve problems and create value.” – Bruce Bachenheimer, clinical professor of management and executive director of the Entrepreneurship Lab at Pace University

The Life of an Entrepreneur Is a Roller Coaster

“Being an entrepreneur is like heading out into uncharted territory. It’s rarely obvious what to do next, and you have to rely on yourself a lot when you run into problems. There are many days when you feel like things will never work out and you’re operating at a loss for endless months. You have to be able to stomach the roller coaster of emotions that comes with striking out on your own.” – Amanda Austin, founder and president of Little Shop of Miniatures

Entrepreneur Is Commitment and Perseverance

“Entrepreneurship means being able to take action and having the courage to commit and persevere through all of the challenges and failures. It is a struggle that an entrepreneur is willing to battle. It is using past experiences and intelligence to make smart decisions.” – MJ Pedone, founder and CEO of Indra Public Relations

An Entrepreneur Is Resourceful

“Being a successful entrepreneur requires a great deal of resourcefulness, because as an entrepreneur, you often run into dead ends throughout the course of your career. You need to be able to bounce back from losses if you want to be successful.” – Vip Sandhir, founder and CEO of HighGround

An Entrepreneur Is a Creative Thinker

“Entrepreneurship is the ability to recognize the bigger picture, find where there’s an opportunity to make someone’s life better, design hypotheses around these opportunities, and continually test your assumptions. It’s experimentation: Some experiments will work; many others will fail. It is not big exits, huge net worth or living a life of glamour. It’s hard work and persistence to leave the world a better place once your time here is done.” – Konrad Billetz, co-founder and co-CEO of Offset Solar

Entrepreneurs Are People People

“[Entrepreneurs] have to be people-oriented. Your business will die without a good team to back you up. Study management techniques, learn from great leaders, review where you’re succeeding and failing so you can help others improve. An entrepreneur has to be able to build a team that cares about their work, and to do that you have to care about how you create your team.” – Jonathan Barnett, founder and CEO of Oxi Fresh Carpet Cleaning

Entrepreneurship Is an Identity

“Being an entrepreneur is ingrained in one’s identity. [It] is the culmination of a certain set of characteristics: determination, creativity, the capacity to risk, leadership, and enthusiasm.” – Eric Lupton, president of Life Saver Pool Fence Systems 1040TaxBiz helps you become a successful entrepreneur. Contact us to find out more. https://www.1040taxbiz.com/contact-us/

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