What is your definition of entrepreneur?
Speaking at an entrepreneur event in Egypt earlier this week with President Carter, he mentioned how President George W Bush had reportedly said « the French don’t have a word for entrepreneur. »
A quick Google will tell you that the word entrepreneur is a loanword from the French verb « entreprende », which means « to undertake ». That sounds quite fitting, as entrepreneurs are always undertaking new challenges and coming up with new ideas.
Joseph Schumpeter’s definition is pretty good. « Entrepreneurs are innovators who use a process of shattering the status quo of the existing products and services, to set up new products, new services. » Peter Drucker was onto something too when he made the following definition in 1964: » An entrepreneur searches for change, responds to it and exploits opportunities. Innovation is a specific tool of an entrepreneur hence an effective entrepreneur converts a source into a resource. »
But to me, being an entrepreneur simply means being someone who wants to make a difference to other people’s lives.