What is an Entrepreneur?

Entrepreneurs are builders of a society and creates great influence. Many developing countries owe their success to those entrepreneurs who despite their comfort working in a company jumped out to build an enterprise to give jobs to other people and to help the nation.

In our country the Philippines, despite the fate of our economy there are still individuals who, not only pursues their own entrepreneurial interest but helps budding entrepreneurs like the Gokongwaei School of Management and John Gokongwei himself that encourages the youth to become entrepreneurs.

There are many definitions of an entrepreneur and the simplest and the most appropriate in my opinion is:

  • Innovator
  • One who recognizes opportunities and organizes resources to take advantage of the opportunity.

On the contrary, there is a term few people know. And that is “Intrapreneur”. What is an intraprenuer”?

From Wikipedia:

Intrapreneurship is the practice of entrepreneurial skills and approaches by or within a company or at home. Employees, perhaps engaged in a special project within a larger firm are supposed to behave as entrepreneurs, even though they have the resources and capabilities of the larger firm to draw upon. Capturing a little of the dynamic nature of entrepreneurial management (trying things until successful, learning from failures, attempting to conserve resources, etc.) is claimed to be quite valuable in otherwise static organizations.

There is another resource I’ve found valuable: Intrapreneur or Entrepreneur? Should I Stay or Should I Go? This is the reason why founders behaves differently to his/her successor. In a flourishing business the entrepreneurial spirit is very little or not present to those successors because everything is spoon fed. Unlike the founders who experienced struggles and conflicts.