Meanings of Entrepreneur Part I

The term “entrepreneur” is being used more and more frequently. The name comes from French and means – freely translated – something like “company” or “entrepreneur”. Strictly speaking, however, there are also differences between a classic entrepreneur and an entrepreneur. In addition, in contrast to the typical manager, the entrepreneur is not employed, but the founder of a company himself.

What is an entrepreneur?

In summary, it is in an entrepreneur is an entrepreneur who deals with the founding of his own company independently made and according to their own responsibility is. It would therefore be wrong to see an entrepreneur as just a person who is trying (or has succeeded) in realizing his or her own idea. According to POLYHOBBIES.COM, a classic entrepreneur is not only characterized by his own company or his independence, but also by his special character and willpower.

Or to put it another way: when it comes to the question “Entrepreneur or not?” The “total package” decides. A special characteristic here is, for example, the will and the ability to reinvent your own brand again and again and thus stand out from the competition.

The entrepreneur – a colorful personality?

Many employees see the classic entrepreneur as a colorful personality who has not only managed to achieve their goals, but also enjoys other advantages, such as free time management and above-average earnings. But how realistic is this picture really? Reality shows: all the advantages of being an entrepreneur are also faced with major challenges.

A good entrepreneur must, among other things, go through:

• his assertiveness
• his courage
• his willingness to work longer (and on weekends) if necessary
• the ability to innovate

to remain successful in the long run. This is why many entrepreneurs find it difficult to go on vacation, especially in the early stages. Because: they have the feeling that they have to be continuously available. To escape this “vicious circle”, you need reliable employees who are able to represent the entrepreneur in his absence.

Therefore, no matter how dazzling existence as an entrepreneur may seem – behind the facade there is a lot of work, a lot of courage and certainly one or the other defeat.

The term – what does “entrepreneur” mean?

“Entrepreneur” is a French term made up of the two words “entre” and “prendre”. Freely translated from this results in the German word “undertake”.

Entrepreneurship as a process?

Even the most successful entrepreneurs started comparatively small at some point. Due to the fact that it not only takes a lot of effort but also patience, many self-employed people give up prematurely on the way to their “big goal” and opt for the classic permanent position again . In order to ultimately become an entrepreneur, however, it is important to go through exactly this process. It is part of enduring crises and not giving up.

During this development, it is not uncommon for the very character traits that are so important for an entrepreneur to become even more pronounced “by the way”. The result: a member of the economy who was not only brave enough to face resistance, but also to overcome it successfully.

Entrepreneurship as a management approach

However, parts of the entrepreneurial character can also be used to increase the productivity of an employee in a company. Employees who can identify themselves even better with a brand, for example, often work more efficiently and show more commitment.

These three things drive an entrepreneur

Of course, it is always important for a successful entrepreneur to drive yourself. But what is it actually that can inspire a classic entrepreneur to always give his best? Even if there can of course be differences, it is usually the same factors that are stated when asked about motivation.

• Self-realization

Hardly any other area offers the opportunity to realize oneself as clearly as entrepreneurship. It is seldom easier to implement your own ideas and try them out independently.

• The money

Entrepreneurs who don’t rely on passive income know that if they don’t work, they won’t make any money. Conversely, however, this means that income can “easily” be increased if more work is done. The willingness to work on weekends and at rather unusual times is therefore often higher here.

• The success

A classic entrepreneur can usually identify better with his company than a full-time employee. The success that is based on your own ideas and work is often much more valuable here.

When is an entrepreneur an entrepreneur?

Basically, there is no specific point in time when the self-employed are no longer referred to as “self-employed” but as entrepreneurs. Rather, as already mentioned above, this is a process. Accordingly, there is much more to becoming an entrepreneur than registering your own brand or making your own decisions.

This particular professional group is characterized, among other things, by:

• the famous “staying power” or perseverance
• courage
• a perspective that goes beyond the box
• entrepreneurial thinking
• innovative ideas

and ultimately through success. Many entrepreneurs have now made it into the tabloids and are therefore not only successful, but also well-known.

Funding from the federal and state governments

Entrepreneurs have the opportunity to take advantage of various federal and state funding . The chance of receiving appropriate funding here is particularly good if a company applies with an individual and correspondingly innovative model. Many entrepreneurs who receive appropriate support come directly from the university and have participated in various support programs from start-up centers here in the past. Accordingly, it is always worthwhile to find out more about your options.