FashInvest Feature: Everyone Wants to be an Entrepreneur … Until they have to be One!
FashInvest CEO David Freschman Talks About What it Takes to be a Successful Entrepreneur
Entrepreneurship has reached a fever pitch. Now more than ever, new innovative technology-based businesses are being launched with venture capitalists and angel investors fueling them. A perfect storm of high unemployment, relatively inexpensive technology, capital efficient business models (the ability to quickly adjust models to meet market trends), and demands – has contributed to this new culture. But … Is everyone who launches a business a true entrepreneur? OR, have they only fallen in love with the concept of being an entrepreneur?
FashInvest CEO David Freschman
Oxford Dictionaries defines Entrepreneur as “a person who organizes and operates a business or businesses, taking on greater than normal financial risks in order to do so.” Visit any university or college, any technology center or any “meet-up” group and you will invariably bump into an “entrepreneur”. With an idea, computer and new set of business cards … Voilà! … a business is launched! However, is that person truly an entrepreneur or one who dreams of launching the next Apple, Microsoft, Staples, LinkedIn, or Facebook, without understanding what it really means to be an entrepreneur.
The true measure of entrepreneurship is when one just doesn’t desire to be an entrepreneur, but when one has to be an entrepreneur. What do I mean by this?
Launching a business requires and demands hard work. Hard work is not measured by how many events one attends or becomes known on the “venture circuit”, but rather in successfully executing on a business plan with limited resources. Entrepreneurship means taking on the financial, business and, YES, personal reputational risk … What a motivator! Successfully launching a startup is about disrupting the norm of an industry or business model. If it was simply just a matter of financing, any business would be a success upon a venture round. But this is not the case, nor should it be. It’s about true innovation and offering a solution to problem that doesn’t exist.
To read more please visit: http://vcdjfresch.wordpress.com/2012/09/10/everyone-wants-to-be-an-entrepreneur-until-they-have-to-be-one/