Tuesday, August 21, 2012

The word 'entrepreneur' is used too much | Jerry R Mitchell's Blog

August 20th, 2012 at 11:27pm

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With the job market insecure and the nation?s financial standing uncertain, an increasing number of people are attempting to make their fortunes and safeguard their futures by setting up businesses of their own.

The word ?entrepreneur? is used too much?, there is a difference between being enterprising and being an entrepreneur, and that it takes a certain type of person to become the latter.

I don?t believe that everyone can be an entrepreneur. I think it?s a very rare personality profile.

Entrepreneurialism is really fashionable at the moment, but I don?t think people understand the dangers of running your own business

Despite the demands of running your own business, it seems to be an increasingly appealing option for many. The rise in university fees means larger numbers of young people are considering alternatives to a traditional third-level education and setting up their own businesses instead.

The internet has provided both the inspiration and the means for many young entrepreneurs to prosper.

Despite the internet providing new opportunities for business development and ample opportunities to meet like-minded people, emerging entrepreneurs will inevitably flounder.

I don?t think this should dissuade anyone from pursuing their goals.

Failure is a good option. I think we have a notion, especially in American culture, that it?s terrible to fail, which stunts a lot of growth and a lot of potential in young people

What we?re finding is that the lack of jobs is shifting people into the private sector; unemployment is actually encouraging people to go off and do their own thing so a lot of individuals are setting up their own businesses.

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Source: http://jerrymitchellblog.com/?p=1167

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