(Interested in Babson, Entrepreneur, Maplewood, MN)
Creating "nothing" into something
(Engineer, Aliso Viejo, CA)
Changing the world for the better. If you succeed in doing it before exhausting all your resources, you created tremendous value and money is going to automatically flow your way. It's important to keep in the mind that profit is the ultimate goal for any business endeavor, otherwise it's not business; it's charity. Some search super long term value, with tremendous profit upside, while some seek shorter term profit with smaller upside potential.
(Graduate Student, IT, Business Entrepreneur, Ghana)
Entrepreneurship is seeing the problem everybody complains about and designing a solution for it, and getting everybody to pay you for doing so. Entrepreneurship can be simplified in to three words: Nurturing An Enterprise.
(Undergraduate Student, United States)
The will to sacrifice time, pride, and your money to make something great
(Graduate Student, Worker at National Road Safety Commission-Ho, Ghana)
Entrepreneurship is the ability to locate a need in an environment or in a geographical area and create the solution to satisfying this need with strategic planning, creativity and innovativeness through which the business is sustained finally by itself and yields profit.An entrepreneur sees beyond the present, he sees the future. He lives the future in the present.
(Undergraduate Student, White Plains, MD)
Entrepreneurship is the creativity of an inventor, and the prowess of a businessman.
(Babson Staff, Dover, MA)
Someone who is always learning, never wants to stop, and is always trying to make a positive impact in all he or she does.
(Interested in Babson, Student, Baldwin, NY)
The ability to succeed financially,socially, and mentally with great victory in fulfilling your desires while the rest of the world enjoys the ride!
(Interested in Babson, Founder and builder of new businesses, Cambridge, MA)
Entrepreneurism is noble and tragic. It is another life game where one sees something that does not exist and then falls... no, actually, jumps... eyes open, down a rabbit hole, plummeting into chaos, not knowing if they will come out the other end unchanged or at all. It is jumping out of an airplane without knowing if there is a parachute in the backpack yet understanding from empirical data the vast majority of jumpers will not have a successful landing. It is a major life decision made in the fog that affects many people, especially the people who the entrepreneur loves.
It is a game played without understanding that the tiny details imperceptible to all of us will decide everything. Not knowing requires coming to grips with one's rational natural irrational optimism. The game is played on a playing field that tilts 45 degrees towards the investors end and while the game is "all business" for the investors, it is "all personal to the entrepreneur". The rules of the game often change without the knowledge of the entrepreneur, requiring one to early refine their contextual and emotional intelligence, as well as develop a precognition of one's place with investors and the relevant ecosystem. The resultant flow of cortisol and anxiety are predictably directly correlated to the entrepreneur's vision and creativity.
Learning how to build successful structures with Legos, albeit essential, is often deceptively not useful. John Maynard Keynes and SÃ¸ren Kierkegaard observed respectively: "The expected never happens; it is the unexpected always" and "Life is not a problem to be solved, but a reality to be experienced."
Charles Krauthammer seems to have captured one essence of entrepreneurism: "...Ronald Reagan, I was once told, said he liked 'The Natural' except that he didn't understand why the Dark Lady shoots Roy Hobbs. Reagan, the preternatural optimist, may have had difficulty fathoming tragedy, but no one knows why Hobbs is shot. It is fate, destiny, nemesis. Perhaps the dawning of knowledge, the coming of sin. Or more prosaically, the catastrophe that awaits everyone from a single false move, wrong turn, fatal encounter. Every life has such a moment. What distinguishes us is whether -- and how -- we ever come back.
In its finality being an entrepreneur is, as Robert Campbell observed "The privilege of a lifetime is being who you are."
Entrepreneurism is simply a life decision, which like all life decisions is messy and unable to control no matter how smart one is or how hard they work. However, it's worth the journey. What else would entrepreneurs do?
(paraphrasing references not included)
(Babson Staff, Media Relations & Marketing Assistant, United States)
Having the courage and drive to take a risk by developing a new product or service that will spark change and improvement in the world