What is an entrepreneur? A brilliant definition

Dan Martin
Former editor
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I've seen lots of definitions for what makes an entrepreneur over the years but I received one today which I just had to share. It comes from Chris Oakley OBE, chairman of web design company Chapter Eight. He is also a former journalist who in 1991 led what was then the world's largest media management buy-out, the £120m acquisition of regional newspapers based in and around Birmingham and Coventry.

What is an entrepreneur?

"An entrepreneur sees an opportunity which others do not fully recognise, to meet an unsatisfied demand or to radically improve the performance of an existing business. They have unquenchable self-belief that this opportunity can be made real through hard work, commitment and the adaptability to learn the lessons of the market along the way.

"They are not diverted or discouraged by skepticism from 'experts' or from those from whom they seek backing and support, but willing to weigh all advice and select that which will be helpful. They are prepared not just to work seriously hard but to back their judgment with personal investment at a level which will cause problems if they are wrong about the opportunity. They understand that achievements are the result of team work and knows how to choose the necessary blend of talents and inspire them with their vision."

Feel free to share your definition of what makes an entrepreneur.

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By YODspica
27th May 2010 11:44

I agreee with most of the definition, however I'm not so sure that team work applies to an entrepreneur as usually the entrepreneur is the one that needs to have the vision.





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By Rory MccGwire
28th May 2010 12:40

Chris Oakley gives an erudite definition of the entrepreneur that we would all like to be Dan.

Alas, most of us fit this old definition: an entrepreneur is someone who, rather than working 8 hours a day for someone else, would prefer to work 18 hours a day for themself. (And one can then embellish it with half-the-pay, twice the stress, but ten times the fun, etc.)

Rory MccGwire, www.marketingdonut.co.uk

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By vincent
30th Jun 2010 21:52

My favourite has to be:

Starting your own business/Entrepreneurship is like jumping off a cliff and building a plane on the way down," says Nikhil Shah, founder of Mixcloud.

- Vincent

 www.BusinessForesights.com www.HostBaron.com

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