Entrepreneurship involves pursuing opportunities beyond one's resources and starting a business from an idea. Successful entrepreneurs have traits like tenacity, passion, risk-taking, vision, self-belief, and flexibility. Some challenges of entrepreneurship include not making money right away, personal life suffering from long work hours, and decisions that may haunt you. However, entrepreneurship also allows one to work their own schedule, be the boss, solve problems, and create change.
2. Entrepreneurship Defined.
Entrepreneurship is the pursuit of opportunity beyond resources controlled.
Harvard Business School Professor, Howard Stevenson
Entrepreneurship is the development of a business from the ground up — coming up with an
idea and turning it into a profitable business.
Chad Brooks, Business News Daily
An entrepreneur is someone who mixes passion, innovation, and drive to turn a vision into a
working business
Jeet Banerjee, Statfuse.com
Someone who can define the business they want to create, see where it is going, and do the
work to get there.
Mark Cuban, Dallas Mavericks, SharkTank
An entrepreneur is someone who conceives an idea, creates a path to success, does whatever
it takes to succeed and tries to dominate their market!
Matthew Toren, Founder, YoungEntrepreneur.com
3. Jason Baumann, Entrepreneur
Twenty years of marketing, marketing, development and technology experience in the
corporate and non-profit sectors
Founder of Clarity Communications Chicago, a successful international marketing/print
brokerage formerly located on Michigan - SOLD
Partner of VDSA security agency located in Chicago employing more than 50 guards at more
than 20 sites – SOLD
Founder and Chief Digital Strategist of Boxless Media – a digital marketing agency located in the
heart of downtown Chicago serving SMBs across the US
Founder of Laser Sounds – a premier DJ company in Chicago performing at more than 100
events a year for more than 20 years
Creator of the ReviCards reputation management system – a system that helps business
leverage the power of online reviews, email marketing and business intelligence to grow
Social media addict, serial entrepreneur, national spokesperson for the American Red Cross on
Home Fire Prevention, Musician, and typically sleep deficient
4. 7 Traits of Successful Entrepreneurs
Tenacity/Determination – Live with uncertainty; Push through obstacles
Passion
Tolerance of Ambiguity/Risk-taking
Vision
Self-belief and Confidence
Flexibility
Rulebreaking / Boxless
From Joe Robinson / Entrepreneur Magazine / January 10, 2014
5. 7 Dark Truths About Entrepreneurship
You won’t make money right away.
Your personal life will suffer.
Trying to juggle everything will take its toll on you.
Your emotions will get the better of you.
Nothing will happen the way you think it will.
You’ll make decisions that will haunt you.
You may fail.
From Jayson Demers, Founder & CEO, AudienceBoom (Entrepreneur.com)
6. 10 Best Things About Entrepreneurship
Stick it to ‘The Man’
Work Your Own Schedule
Work Where You Like
Work With People You Like
Create Your Own Opportunities & Destiny
Develop and Sell Products & Services You Love
Solve Problems and Make a Difference in the Process
Be the Boss
Stand Up for What You Believe In
Affect Change in People’s Thoughts & Actions
Chris Ducker, Serial Entrepreneur and Entrepreneur Trainer
