What’s the definition of an entrepreneur? Is it simply someone who starts their own business or is there more to it? Why in the last 10 years do businesses say they want to be more entrepreneurial?
I think you will agree that there are different types of entrepreneurs just as there are different types of leaders. I also think there are different levels of entrepreneurship; there are those serial entrepreneurs who develop business after business regardless of success or failure; and then there are those who are more cautious about their start up and patiently wait for market forces to improve or to win the “big client” before going out on their own.
My favorite description of an entrepreneur comes from Jon Burgstone in Breakthrough Entrepreneurship:
Every time you want to make any important decision, there are two possible courses of action. You can look at the array of choices that present themselves, pick the best available option and try to make it fit. Or, you can do what the true entrepreneur does: Figure out the best conceivable option and then make it available.
And this reveals why large organizations say they want to be more entrepreneurial; they want to break away from a resource-defined mindset and foster a culture of innovation thereby creating synergies, new products and ideas that will make them stand out.
That’s why we need entrepreneurs; not to make money but to create options.