Do You Call Yourself an Entrepreneur?

51 replies
Hello Warriors,
Just a little question for us all. I feel someone might need this (I know it wouldn't be everybody)...

The Oxford Dictionary defines an entrepreneur as:
"The owner of an enterprise who, by risk and initiative, attempts to make profits..."

Going by this definition, an entrepreneur must own an enterprise; it doesn't matter if you own a small, medium-sized or large enterprise, what you need is any type of enterprise and the first part of the definition describes you.

The second part of the definition talks about risk and initiative. A lot of times entrepreneurs embark on novel tasks and they often have to depend largely on gut feeling and initiative to make decisions which they think is best. All entrepreneurs have to manage risks.

And the final part of the definition gives perhaps the most significant thing entrepreneurs hope to achieve when they start businesses - To Make Money. And because I do all three, I think I can refer to myself as an entrepreneur. What about you?
#call #enterprise #entrepreneur #initiative #risk
  • Profile picture of the author wfhblueprints
    Yes.....I think we can broadly classify ourselves as entrepreneurs....
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  • Profile picture of the author sal64
    There's many who meet most of the criteria but fail at the last one.
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    • Profile picture of the author Manuelcrc
      Originally Posted by sal64 View Post

      There's many who meet most of the criteria but fail at the last one.
      You're right, Sal64 the money-making part is where a lot of people fall short.
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      • Profile picture of the author ahmiz
        Yup! Reactions from people sure are different when you call yourself an entrepreneur instead of an Internet Marketer.
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    • Profile picture of the author Henry White
      Originally Posted by sal64 View Post

      There's many who meet most of the criteria but fail at the last one.
      One obvious reason they're not making any money is because they're botching that conditional phrase about "risk and initiative."
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      • Profile picture of the author Daniel Evans
        If people call themselves it I usually see it as less than modest.

        Certainly not a term I'd use for myself. It's mere definition blankets just about everyone.

        Be more proud of a self made bank balance rather than a daft title!
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        • Profile picture of the author bobcarlsjr
          Originally Posted by Daniel Evans View Post

          If people call themselves it I usually see it as less than modest.

          Certainly not a term I'd use for myself. It's mere definition blankets just about everyone.

          Be more proud of a self made bank balance rather than a daft title!
          yes, i think people want to call themselves an entrepreneur because it sounds good, and for the "showing off" factor.

          in my day job i work for a company worth almost a billion dollars... they are privately owned and they adamantly say that they are NOT entrepreneurs.. i think it says something doesn't it?
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      • Profile picture of the author Manuelcrc
        Originally Posted by Henry White View Post

        One obvious reason they're not making any money is because they're botching that conditional phrase about "risk and initiative."
        Totally agree with you...Without the "risk and initiative" part, the "making money" part wouldn't come easy.
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    • Profile picture of the author Ben Gordon
      Originally Posted by sal64 View Post

      There's many who meet most of the criteria but fail at the last one.
      Nope. Actually, the definition states "ATTEMPTS" meaning they don't have to be already making money. And I'm sure everybody is attempting making profits in internet marketing. That's why many of us are here...no?
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  • Profile picture of the author Kal Sallam
    Sure why not? If your self-employed then you have the Entrepreneur mindset/life style then you are an Entrepreneur weather you like or not

    You do own business and it's registered I suppose Hence own your company.
    Therefore file your Taxes every year


    --Kal.
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  • Profile picture of the author luckyshah290
    Yeah... i think most of the marketers fall in the criteria of Entrepreneur .. almost every marketer owns a certain business .. which can also be classified as enterprise but kinda small one ..

    Most marketer work alone or with a team .. invest money according to his own will .. and makes profits ...
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  • Profile picture of the author Alexa Smith
    Banned
    Originally Posted by Manuelcrc View Post

    Do You Call Yourself an Entrepreneur?
    No - I don't, really.

    I suppose technically I could, according to that description, but I just call myself an internet marketer. (And I only do that so John McCabe can ask me how many internets I've marketed.)
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    • Profile picture of the author Joseph G Spiteri
      I would call myself an entrepreneur,
      I have my own business
      I work on cut feeling quite a bit
      And i am always on the look out for good
      business opportunity.
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  • Profile picture of the author solado
    In no way, shape or form do I see my self as an Entrepreneur. I see my self as just a regular guy looking to quit his 9-5 job !
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    • Profile picture of the author Manuelcrc
      Originally Posted by solado View Post

      In no way, shape or form do I see my self as an Entrepreneur. I see my self as just a regular guy looking to quit his 9-5 job !
      Solado, I love this. The truth is, we are not all entrepreneurs at the moment, and I'm not sure we can all be.
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  • Profile picture of the author Taniwha
    Yes, since I was 5 years old.
    I used to steal all the toilet paper in my house and sell it for $2 a roll to my parents, or else I would pour water on it. Such an assh#le kid I was
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  • Profile picture of the author goldenlogos
    I'm not one to take risks, so I believe I'm not an entrepreneur.
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  • Profile picture of the author TopKat22
    I call myself a serial-entrepreneur because I have done this multiple times.
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    • Profile picture of the author Manuelcrc
      Originally Posted by TopKat22 View Post

      I call myself a serial-entrepreneur because I have done this multiple times.
      I love the idea of being a serial entrepreneur...I tend towards getting bored after working on the same project for too long. There are other things that can be done.
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  • Profile picture of the author TopKat22
    I think an additional question for this is how many people are making money ONLY from their entrepreneurial endeavors and do not have another job or source of income (other than maybe investments).
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  • Profile picture of the author TheZafraGroup
    Of course. If others don't see us as entrepreneurs, then that's their problem. My definition is having no boss, calling the shots and making money. That's pretty much what entrepreneurship is all about.
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  • Profile picture of the author Dominis Marketing
    Me I'm just a bum in front of my computer more than 15 hours per day.

    I was just lucky that after several years of being a bum in front of my computer
    I got to work with top internet gurus and learned a lot from research/working
    training and actual experience...

    But that doesn't change anything I'm still a bum with a computer.
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    • Profile picture of the author TopKat22
      Originally Posted by TheZafraGroup View Post

      Of course. If others don't see us as entrepreneurs, then that's their problem. My definition is having no boss, calling the shots and making money. That's pretty much what entrepreneurship is all about.
      Good definition of entrepreneur, especially the making money part.

      Originally Posted by Dominis Marketing View Post

      Me I'm just a bum in front of my computer more than 15 hours per day.

      I was just lucky that after several years of being a bum in front of my computer
      I got to work with top internet gurus and learned a lot from research/working
      training and actual experience...

      But that doesn't change anything I'm still a bum with a computer.

      A bum in front of a computer, making money, right????
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      44 days in and we broke the $10K a month recurring bench mark.

      Guaranteed 60% Opt In Rate Traffic-Real People-Fresh Today-High Quality Biz Opp traffic![/URL]
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        • Profile picture of the author bobcarlsjr
          i think you guys are mis-understanding the meaning of entrpreneur... look at the local entreprenuer awards in your town or city..

          being in IM does not make you an entrepreneur.. it only means you have your own business.. you are your own boss........

          if you open a cake shop.. you are your own boss.. but you are NOT an entrepreneur..

          to be classified as an entrepreneur, you have to have a new business model, new style/method of business, out of the ordinary, not seen before, basically something NEW.............

          building MFA sites.. niche sites.. selling SEO services.. is NOT BEING ENTREPRENEUR..

          if you have a NEW way of doing SEO that no one else knows about or no one else is doing.. then yes, you are an entrepreneur........

          the other common misconception is that you do not have to be profitable to be call one......

          read the initial post again.. it says "ATTEMPT to make profit." not MAKE PROFIT......

          i've seen local businesses that are still in the red which have won entrepreneur awards...
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          • Profile picture of the author TopKat22
            Originally Posted by Dominis Marketing View Post

            Yeah..I get handouts from time to time
            LOL!!!

            Originally Posted by bobcarlsjr View Post

            i think you guys are mis-understanding the meaning of entrpreneur... look at the local entreprenuer awards in your town or city..

            being in IM does not make you an entrepreneur.. it only means you have your own business.. you are your own boss........

            if you open a cake shop.. you are your own boss.. but you are NOT an entrepreneur..

            to be classified as an entrepreneur, you have to have a new business model, new style/method of business, out of the ordinary, not seen before, basically something NEW.............

            building MFA sites.. niche sites.. selling SEO services.. is NOT BEING ENTREPRENEUR..

            if you have a NEW way of doing SEO that no one else knows about or no one else is doing.. then yes, you are an entrepreneur........

            the other common misconception is that you do not have to be profitable to be call one......

            read the initial post again.. it says "ATTEMPT to make profit." not MAKE PROFIT......

            i've seen local businesses that are still in the red which have won entrepreneur awards...
            I would have to have us agree to disagree on this bobcarlsjr.
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            • Profile picture of the author Jon Patrick
              I agree, OP. If you're in business for yourself, you're an entrepreneur by definition, regardless of whether your business is based online, offline, or on the moon. There's always risk in what we do, whether it involves time or money, and we're certainly trying to make a profit, are we not?

              Originally Posted by bobcarlsjr

              i think you guys are mis-understanding the meaning of entrpreneur... look at the local entreprenuer awards in your town or city..
              Those usually focus on local business types, by their very nature. Nothing about that means IM'ers aren't entrepreneurs.

              Originally Posted by bobcarlsjr

              being in IM does not make you an entrepreneur.. it only means you have your own business.. you are your own boss........

              if you open a cake shop.. you are your own boss.. but you are NOT an entrepreneur..

              to be classified as an entrepreneur, you have to have a new business model, new style/method of business, out of the ordinary, not seen before, basically something NEW.............
              That's not the definition of an entrepreneur (reread the definition in the OP.)

              Originally Posted by bobcarlsjr

              the other common misconception is that you do not have to be profitable to be call one......

              read the initial post again.. it says "ATTEMPT to make profit." not MAKE PROFIT......

              i've seen local businesses that are still in the red which have won entrepreneur awards...
              Yes... it says you have to "attempt to make a profit" in order to be an entrepreneur. Not that you have to "make a profit." So why do you believe the latter is necessary to be considered an entrepreneur?
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              • Profile picture of the author bobcarlsjr
                Originally Posted by Jon Patrick View Post

                Those usually focus on local business types, by their very nature. Nothing about that means IM'ers aren't entrepreneurs.
                an IM is a business, a local business is a business. you can't say the definition of entrepreneurship is different because we are online and they are offline. that doens't make sense?? :confused:



                Originally Posted by Jon Patrick View Post

                That's not the definition of an entrepreneur (reread the definition in the OP.)
                innovation is a key element of entrepreneurship. with MFA sites and the likes, where is the innovation?

                when u buy a WSO and replicate what the WSO creator is doing, where is the innovation?

                from what you are implying, every business owner = entrepreneur?

                the key difference here is INNOVATION.



                Originally Posted by Jon Patrick View Post

                Yes... it says you have to "attempt to make a profit" in order to be an entrepreneur. Not that you have to "make a profit." So why do you believe the latter is necessary to be considered an entrepreneur?
                i don't believe the latter is necessary... please re-read my post.. i think we both agree u don't have to make profit to be called one.
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  • Profile picture of the author yasser
    Originally Posted by Manuelcrc View Post

    Do You Call Yourself an Entrepreneur?
    I call myself Yasser
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    • Profile picture of the author RimaNaj2011
      Nope. Just self-employed. An entrepreneur (according to how I see it) is someone who brings innovation and makes a new product/idea.
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  • Profile picture of the author YasirYar
    The fact remains that no matter what we do there is always risk of losing involved. You see when you invest time and make nothing you are losing. This is what most modern day entrepreneurs are investing. So I think I am an entrepreneur
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  • Profile picture of the author Kael41
    I've always been a DOT.COM guy, taking initiative and setting up passive income streams here and there. I consider myself a netrepreneur if you believe it Portfolio of well over 500 sites now, click aff sites, cpa sites, direct sale sites, forum/advertising sites, each has their own inherent level of financial risk..some greater than others, but at the end of the day, it's a spreadsheet with tracked costs and incomes.
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  • Profile picture of the author Witty
    It's better that others classify you as such, rather than yourself claiming to be one. That's just my opinion of course.
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    • Profile picture of the author Manuelcrc
      Originally Posted by Witty View Post

      It's better that others classify you as such, rather than yourself claiming to be one. That's just my opinion of course.


      Yes, it's better to have people praise you than for you to toot your horn yourself. It's always better.
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  • Profile picture of the author PaulyC
    Absolutely! If you're providing a service and/or product and actively selling it for a profit, then you've got the entrepreneurial spirit and you're thus an entrepreneur. IMO anyone who has the drive to make their own money without being employed by another is an entrepreneur.

    Paul
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  • Profile picture of the author Marketing Ignite
    I started out in the living room and now I have office and employees already so I believe I would consider myself as an entrepreneur because you have to be dedicated, hard working, willing to fail, and take risks. If you don't, there is limited chance to make it. Now there are different levels of entrepreneurs, like Steve Jobs an inventor compared to the small business owner but I guess in general sence we are all entrepreneurs.
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  • Profile picture of the author Jon Patrick
    Originally Posted by bobcarlsjr

    an IM is a business, a local business is a business. you can't say the definition of entrepreneurship is different because we are online and they are offline. that doens't make sense??
    The definition isn't different. But it's a simple fact that local entrepreneurship awards tend to focus on entrepreneurs who serve the local area. My point being, that doesn't mean other entrepreneurs (such as those whose businesses are based online) aren't entrepreneurs. As you acknowledged, the definition isn't different whether online or offline.

    Edit: I see now that your original point in this particular line of argument wasn't that whether you're offline or online affects whether you're an entrepreneur, but rather that one should look at the local entrepreneurship awards as evidence of your idea that innovation is part of the definition of entrepreneurship. I address that idea again below.

    Originally Posted by bobcarlsjr

    innovation is a key element of entrepreneurship. with MFA sites and the likes, where is the innovation?

    when u buy a WSO and replicate what the WSO creator is doing, where is the innovation?

    ...

    the key difference here is INNOVATION.
    Sorry, but show me where in the definition of "entrepreneur" you are seeing the word "innovation." Because it's not there. Please reread the definition of "entrepreneur" in the OP, as I previously suggested. You seem to be making up your own definition.

    Originally Posted by bobcarlsjr

    from what you are implying, every business owner = entrepreneur?
    No. Only business owners "who, by risk and initiative, attempt to make profits." For example, the guy who inherits a profitable business from Daddy, involving no risk or initiative on his part, is not an entrepreneur, although he is a business owner.

    Originally Posted by bobcarlsjr

    i don't believe the latter is necessary... please re-read my post.. i think we both agree u don't have to make profit to be called one.
    You said it's a misconception to think you don't have to make a profit to be called an entrepreneur. A misconception means something that isn't true. If you actually think it's true that you don't have to make a profit to be called an entrepreneur, then you don't think it's a misconception. That's what confused me. :p

    Originally Posted by RimaNaj2011

    Nope. Just self-employed. An entrepreneur (according to how I see it) is someone who brings innovation and makes a new product/idea.
    Not according to the definition of the word.

    Please understand, guys - I'm not trying to make a mountain out of molehill here. But words have definitions, and the word "entrepreneur" does not mean what you seem to think it does.
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  • Profile picture of the author mediadeveloped
    Simple, but yes.
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    • Profile picture of the author MikeyDreamboat
      Originally Posted by Manuelcrc View Post

      The Oxford Dictionary defines an entrepreneur as:
      "The owner of an enterprise who, by risk and initiative, attempts to make profits..."
      Originally Posted by sal64 View Post

      There's many who meet most of the criteria but fail at the last one.
      Well technically they aren't failing at the last one if they are attempting to make profits.
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  • Profile picture of the author Greg Jeffries
    I truly believe the single ingredient stopping most people from being successful who consider themselves "entrepreneurs" is

    The second part of the definition which talks about risk and initiative.

    Most people have great ideas, and want the end result, but fail simply because they don't have the balls to take the risks. Being a successful entrepreneur or startup is not how many resources you have but how resourceful you are. I would almost have to say that not having enough when starting out is better because it forces you to think of creative solutions.

    AppSumo.com has some excellent free videos on what they call "wantrepreneurs" or basically people who consider themselves entrepreneurs but are too afraid to take the risks they need to succeed.
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    • Profile picture of the author Manuelcrc
      Originally Posted by extemporaneousM View Post

      I truly believe the single ingredient stopping most people from being successful who consider themselves "entrepreneurs" is

      The second part of the definition which talks about risk and initiative.

      Most people have great ideas, and want the end result, but fail simply because they don't have the balls to take the risks. Being a successful entrepreneur or startup is not how many resources you have but how resourceful you are. I would almost have to say that not having enough when starting out is better because it forces you to think of creative solutions.

      AppSumo.com has some excellent free videos on what they call "wantrepreneurs" or basically people who consider themselves entrepreneurs but are too afraid to take the risks they need to succeed.

      I totally, totally agree with you on this. The risk and initiative part is keeping most people grounded. One of the things I decided a while ago was taking new risks.
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  • Profile picture of the author giseo
    Not really. But I guess I am technically.
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  • Profile picture of the author Manuelcrc
    Originally Posted by samsonthomas View Post

    when you are your own boss you're an entrepreneur. It doesn't matter whether you're already making profits or not. The definition says, attempt to make profits.

    So you can either succeed or fail at the attempt of making profits and still be an entrepreneur because you are taking risks as the owner of a new enterprise.
    Yeah...most of these people we all talk about today spent a lot of their business days in the red. They had to scrap things together to get into the profit zone. So being an entrepreneur is not all about making money.
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  • Profile picture of the author Rod Cortez
    I'm a digital drug dealer.

    Now, do you want the digital blue pill or the digital red pill?

    RoD

    P.S. I have a 2-for-1 offer today.........
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  • Profile picture of the author Anurmedia
    Yes and I put all my energy and focus into my company.
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  • Profile picture of the author natethegreat7037
    I personally view all internet marketers as entrepreneurs. They took a risk to start up a business. I think by definition, that's an entrepreneur.
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    • Profile picture of the author Manuelcrc
      Originally Posted by natethegreat7037 View Post

      I personally view all internet marketers as entrepreneurs. They took a risk to start up a business. I think by definition, that's an entrepreneur.
      But really, though it involves taking a level of risk, most of us miss the "initiative " part. That's where the problem lies.
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  • Profile picture of the author buckeyes09
    No, I call myself an early-stage serial entrepreneur.
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