Let’s face it: There’s nothing sexier than describing yourself an an entrepreneur. It’s like a hot leather jacket that everyone is trying on for size, including me. If it’s not a fit, maybe you like this simpler style, called solopreneur. Or maybe this tiny little handbag, called micropreneur instead. Or, this briefcase-slash-diaper bag called “mompreneur.” If you’re an entrepreneur looking for commercial premises, myofficemove.co.uk makes office rental easy.
Point is this: We are bending the term to make it mean what we want it to, need it to. I defined myself as a solopreneur, even had a video show and podcast by that same name…and then Grant Cardone called me out on Twitter and was basically like, that term sucks. “It’s too small.”
(And forget freelancer. Don’t get me started on what a horrible term that is.)
So what IS an entrepreneur, really? An editor at Shopify reached out to me to ask me what I think (and he wrote about it in this thoughtful piece here).
Fact is, there is one definition of it, and it’s this: a person who operates/runs a business, and takes on considerable risk to do so. If you need help making your business venture a success, take a look at how WHITEHAT SEO could help you. Traditionally, we think of the entrepreneur as a person who finds and exploits a need in the marketplace, and either invests his or her own money, or more likely someone else’s, to fund this vision, product, service, company, and if it goes well, everyone makes a ton of money. It traditionally entails hiring people and renting office space and negotiating big pricey deals with vendors, etc. The hiring people part can be difficult, but the hardest part is managing your payroll effectively after you have chosen the right people. Fortunately, Cloudpay is able to do this, even if you are a global enterprise.
You May Be One Yourself
Fact is, entrepreneurship has changed so much in the past decade that you may not do any of these things. You may never have an office or a staff, you may never raise funds from investors or regular people. But chances are you, don’t do this all yourself. All you need is a laptop, an internet connection, and a bank account to do business and rightfully call yourself an entrepreneur, and many do.
So if I am going to take liberties with the term, or at least tease the nuances, I would say that an entrepreneur is less defined by the business she runs or the amount of money they raise, and more defined by vision, risk, and character.
An entrepreneur leads with the solution to a problem, not with just a need to make money. An entrepreneur doesn’t just “organize” a business in my mind, but fuels it, directs it, and creates it. I hesitated to call myself an entrepreneur for a long time because I thought you had to have a Harvard MBA. I was so wrong.
Entrepreneurs are: scrappy and disruptive, creative and unruly, strategic and unstoppable. Sometimes they make lousy students and difficult employees. Some literally propel themselves on the force of their personality and the appeal of their promise, and other people help them carry it out and make it happen.
I’ve heard more than a few people say that entrepreneurship means “freedom.” I don’t know that I agree with that as the defining element. Maybe you don’t want debt. You know who else doesn’t have debt? A homeless guy. Is that what you want? You know who has a lot of freedom? An unemployed person. There are lots of ways to be free, and in fact, taking on the risk and investing yourself in something the way an entrepreneur does may be exciting and empowering, but “free” is not what I’d call it.
You’re free of the constraints of a corporate job, sure. That’s what people love. Look, we live in the land of the Lone Ranger. We love the idea of this rabble rouser, out conquering a new frontier. That’s romantic, and yes, many entrepreneurs slave away in solitude. But plenty don’t. The smart ones never dream of doing it on their own.
The entrepreneur is a maestro, a leader, but knows the value of team, too, and can lead and inspire. To my mind, I am not so hung up on the “prerequisites” for being an entrepreneur. Because I believe most can’t help themselves. And that’s why they do it.
In this way, they’re more like artists: They are compelled to make, create, connect—and that is why we are in love with them, aspire to be one or be like one. I can’t think of a better reason.
So. Is that you? I’m thinking I’m liking the fit myself.
…By the way, if you DO dream of pursuing a business idea and becoming an entrepreneur, check out the Creative>>Founder Lab at NY Media Center. They’re accepting applications now for their 8-week intensive running June-July 2016. I’m one of the instructors, leading a session on vision and mission, which I’m psyched about. Check it out!