First and foremost, the word entrepreneur comes from a thirteenth-century French verb, ‘entreprendre’. The term entrepreneur refers to a person who undertakes a business venture with limited resources. The word entrepreneur was first used academically in the 1730s by Richard Cantillon, who identified a characteristic of the ‘entrepreneur’ as a willingness to take financial risks. In the early 1800s, the word became popular thanks to Jean-Baptiste Say and John Stuart Mill. They stressed the importance of the role of the ‘entrepreneur’ in moving resources and creating value.
An entrepreneur is someone who creates their own opportunities rather than waiting for a company to hire them. They might start an online store to build their resume, or they might be a parent who lost their job and wants to keep a roof over their head. Regardless of the reason for starting a business, entrepreneurs tend to be unfit for the corporate world. In general, an aspiring entrant tries to gain more control of their business by creating their own products and services.
A successful entrepreneur will have a great idea and have a strong passion for their business. A solid business idea is important, as well as the passion and expertise needed to turn it into a reality. There is a certain amount of risk involved in starting your own business, but it can be worth it when the work is rewarding. Here are some of the best tips for aspiring entrepreneurs. Using these tips will help you build a successful venture.
Julie’s Top Ten Tips:
- Believe in yourself
- Get to planning
- Set SMART goals
- Build a routine that you can stick with
- Remember that your physical and mental wellbeing plays a part in your success
- Find a mentor
- Journal daily and keep a BIF folder close by
- Gratitude – don’t go a day without it
- Chronicle your milestones to build confidence and content!