WORLD ACADEMY OF INFORMATICS AND MANAGEMENT SCIENCES
ISSN : 2278-1315
on the entrepreneur as a person, who has a major
any reason. As entrepreneurs, each of us is different
solution that the world seeks (but for the positive).
and unique. The one common element we all share is
You can be the next entrepreneur that the worlds seek
the desire to create freedom in our “work” and life
to make things not just right, but also to fix it.
through entrepreneurship. We live in a time ripe with
opportunities to create businesses that help us live the
INTRODUCTION
lives we want to live. Still, there are some
“Every great dream begins with a dreamer”. Many times, we
entrepreneurs reading this that are stuck in their
set very powerful goals/dreams but within the
business and their life. You know who you are. You
shortest time we begin to feel discouraged and
can’t figure out why you’re not making progress or
having low self-esteem to still pursuit that saw the
what to do next in your business. The “missing link”
picture from a view and find out that it cannot be
could be the type of entrepreneur you are.
achieved or attained? Every great person that today
Understanding your motivation as an entrepreneur can
we see, talk and make references to all started from
be the key to growing your business and reaching
setting goals they perhaps never believed it will come
whatever milestone of success you’re striving to
to pass. In setting goals, one thing you need to know
achieve.
is that you are at the center of everything, no one will
understand you and if you are not lucky people will
TYPES OF ENTREPRENEURS
laugh at what you are doing and say all sort of things.
Though we have many types, we will mention and briefly
But you have to put this at the back of your mind that
explain some few:
“a dream doesn’t become reality through magic; it
takes sweat, determination and hard work”.
THE SKEPTICAL ENTREPRENEUR
As an entrepreneur, never think of starting big, always start
This entrepreneur sees the success of others and immediately
small and over time it sells and grows itself to
starts to question it. They examine that person's
become big; so never despise the days of little
business and looks for the “lucky” breaks, or
beginning, because you cannot tell its end.
inheritance they think that successful entrepreneur
received. Maybe it’s the news, or previous life
AN ENTREPRENEUR
experiences, but they are skeptical of success and don’t
To define the term entrepreneur, we would look at it in three
believe it’s possible without all the stars falling into
different dimensions:
place.
An entrepreneur is a starter. An entrepreneur is an
When you can’t see or believe success is possible, you’ll
initiator, a challenger and a driver. Someone that
never get to a place in your mind that allows you to
creates something new, either an initiative, a business
take action. You will stay stuck; you’ll make every
or a company. He or she is the beginning (and
excuse and believe it because of your skeptical
sometimes the end) of a venture, project or activity.
mindset. This is the scariest type of entrepreneur.
The entrepreneur might not be the ideator, but he or
she is definitely the one that decides to make that
COPYCAT ENTREPRENEUR
idea a reality.
This entrepreneur sees the success of others and tries to copy
An entrepreneur is the driver. The entrepreneur is the
them exactly. Their website is the same, their business
person in charge, the leader and the person to look to
cards are the same, and the way they present
for leadership. He or she is the one that pushes
themselves is the carbon copy of a leader in their
forward and inspires a team to follow. The
industry. Take Pat Flynn of the popular blog Smart
entrepreneur is the one that sits in the driver’s seat,
Passive Income. Since Pat became popular, there has
and has the ability to change direction, accelerate,
been a whole wave of people that copy him line-for-
slow down or even stop a venture.
line.
An entrepreneur is accountable and responsible. The
There is nothing wrong with modeling success—it’s actually
entrepreneur is the ultimate responsible for the
very smart. There is a fine line, however, between
destiny of its venture, which can be a company, a
modeling and copying. Modeling success means you
project, or any other endeavor. The entrepreneur is
see what works and figure out how to make it relevant
the one that has the highest stakes at the venture, thus
to your business, and who you are as a person. If you
the one that needs to be empowered to fully direct the
have been copying, get honest and switch from
endeavor.
copying to modeling.
RESEARCH ENTREPRENEUR
Being an entrepreneur is not directly related to having an
This entrepreneur loves to learn. They research every possible
equity stake in a company, but instead showcases the
scenario and outcome for strategies to start or grow a
leadership-related points. Why do we tend to
business. There is nothing wrong with learning, but
associate entrepreneurship with equity ownership (as
when that’s all you do, it becomes a problem. The
value), instead of understanding it as the one that has
research ends up becoming an excuse for not taking
the highest stakes in an endeavor, which sometimes
action.
gets translated into entrepreneurship?
While you should always strive to learn what works, and what
could help your business, you have to implement. Most
To become an entrepreneur is venturing into one of the
entrepreneurs know more than they think; too many
fields whereby risk taking cannot be avoided for
entrepreneurs fall victim to information overload. The
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