What is Entrepreneur

An entrepreneur is a person who has possession over a company, enterprise, or venture, and assumes significant accountability for the inherent risks and the outcome. The term is a loanword from French and was first defined by the Irish economist Richard Cantillon. Entrepreneur in English is a term applied to the type of personality who is willing to take upon herself or himself a new venture or enterprise and accepts full responsibility for the outcome. In common understanding it is taken as describing a dynamic personality.
An entrepreneur is an individual who efficiently and effectively combines the four factors of production. Those factors are land (natural resources), labor (human input into production using available resources), capital (any type of equipment used in production i.e. machinery) and Enterprise (intelligence, knowledge, and creativity.)
Entrepreneurship is often difficult and tricky, as many new ventures fail. Entrepreneur is often synonymous with founder. Most commonly, the term entrepreneur applies to someone who creates value by offering a product or service. Entrepreneurs often have strong beliefs about a market opportunity and organize their resources effectively to accomplish an outcome that changes existing interactions.
Some observers see them as being willing to accept a high level of personal, professional or financial risk to pursue that opportunity, but the emerging evidence indicates they are more passionate experts than gamblers.
Business entrepreneurs are viewed as fundamentally important in the capitalistic society. Some distinguish business entrepreneurs as either "political entrepreneurs" or "market entrepreneurs," while social entrepreneurs' principal objectives include the creation of a social and/or environmental benefit.
Business entrepreneurs who adhere to Cultural Creative values are defined^[who?] as innerpreneurs as their principal objectives include personal development and social change.

Definition and terminology

An entrepreneur is someone who attempts to organize resources in new and more valuable ways and accepts full responsibility for the outcome.

Etymology

The word "entrepreneur" is a loanword from French. In French the verb "entreprendre" means "to undertake", with "entre" coming from the Latin word meaning "between", and "prendre" meaning "to take". In French a person who performs a verb, has the ending of the verb changed to "eur", comparable to the "er" ending in English.

Enterprise is similar to and has roots in, the French word "entrepris", which is the past participle of "entreprendre". Entrepreneuse is simply the French feminine counterpart of "entrepreneur".

According to Miller, it is one who is able to begin, sustain, and when necessary, effectively and efficiently dissolve a business entity.

Entrepreneur as a leader

Scholar Robert. B. Reich considers leadership, management ability, and team-building as essential qualities of an entrepreneur. This concept has its origins in the work of Richard Cantillon in his Essai sur la Nature du Commerce en Général (1755) and Jean-Baptiste Say (1803) in his Treatise on Political Economy.

A more generally held theory is that entrepreneurs emerge from the population on demand, from the combination of opportunities and people well-positioned to take advantage of them. An entrepreneur may perceive that s/he is among the few to recognize or be able to solve a problem. In this view, one studies on one side the distribution of information available to would-be entrepreneurs (see Austrian School economics) and on the other, how environmental factors (access to capital, competition, etc.) change the rate of a society's production of entrepreneurs.

A prominent theorist of the Austrian School in this regard is Joseph Schumpeter, who saw the entrepreneur as innovators and popularized the uses of the phrase creative destruction to describe his view of role of entrepreneurs in changing business norms.

Foundations Dedicated to Entrepreneurship

To date, the largest foundation dedicated to entrepreneurship is the Ewing Marion Kauffman Foundation, based in Kansas City.^{[citation needed]} One of the main entrepreneur associations is the Entrepreneur's Organisation.

In Syria, the Syrian Young Entrepreneurs Association tries to help young people become job owners rather than job seekers. It was founded in 2004.

Source : http://en.wikipedia.org

Be a leader in Big VS Small Company

Become a leader in a big companies is an achievement which is expected by all of the people. Need more time, energy and the sacrifice of mind to be in the top position. Most of the founders of a leader is at once the owner of the institution / company. The owner of a company must have the soul of business. Businessman is someone who always want to develop a business and want to generate more money each time. One is to establish new institutions to extend their authority. But why not many leaders of companies interested in establishing a new company? And not much of them success after try it?
Some of them think that establish a new company will be a guarantee to develop their business.
Become a leader in the management of the work is the ability to require more thought and creativity than technical work. A person who get used to become a leader in large companies will tend to work with the mind. He is not accustomed technical work that is usually done by employees in his “Big Company”. Even in small and new there is not enough employees who can do the technical work. Therefore, once a leader of the founder must be willing to do the work of technical instruments. But not many successful business people are able to do so! You wanna try

Strategic Resources

a business concept is difficult in the era of strategic resources (Strategic Resources), which consists of core competency, assets and the strategic core. Strategic resources are specific and unique that can change dramatically resource competition to be a source of business concept innovation.




Toy R Us store

Competence is a superior something that is owned company and is able to provide skills and a unique ability. Interstate Department Store in the beginning and would eventually see the company is essentially competency, which is selling toys. Finally, the company changed its name to Toys "R" Us. Currently the company is controlled 17% of toy retail business in the United States. The main question on the competency of this core competency is what we have? What we know about the unique, valuable for consumers and can be transferred to create new opportunities? What benefits depth that can satisfy the consumers? How do these advantages make for new ways to compete? What kind of difference can be made to the core competencies to the market in different industries? Is there a core competency that we provide comprehensive solutions to the consumer? Competence what we want to add in the concept of our business? Ebay is one of the companies that use the core competencies with 5P, namely Product, Price, Promotion, Placement and Performance

Competence eBay

Asset-strategic assets and skills is not a superiority that is unique, but something that relates to the company, for example, company name, brands, patents, infrastrtur, property standards, consumer data, and all the things that is very rare and valuable. The use of one of these assets rar create a business concept innovation. Barnes & Noble is the company's success, rival Amazon.com, as the use strategic assets. Barnes & Noble has a strategic asset
form strategic location of the store and knowledgeable. But Barnes & Noble can provide comfortable sofas and chairs in the space between the row of books and open bar-bar drinks in the store and places that can be used for the discussion of books, reading stories, poetry and music resital.

Book Store Barnes & Noble and the broad strategic

Barnes & Noble to become the destination of fun and luxurious, not just a book store, but is central to the community that comfortable meeting.




Divorce place in the Barnes & Nobles



Place in the discussions Barnes & Noble
The key question is whether the asset strategy that we have? Can we exploit in a new way to provide new value to consumers? Can we have a strategy asset value in the rules that other industries? Can we create a new business model with exploit our strategic assets?
The process is the core of what made the company, which includes the methodology and routines used to change the input into output. This process incorporate the core competencies and strategic assets, and input into something of value for consumers. The discovery of a fundamental re-core process can make the basic concept of business innovation. Questions concerning the core nucleus of this process is whether the most critical in our company? Whether that process can create the highest value for consumers and competition in a unique scene that tight? With speed like what we develop the process? Bisakan we imagine a process that is new that is more valuable for consumers? Is there an opportunity to improve the efficiency and effectiveness of the process we?