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Re: Why I Think Being An Entrepreneur Is Over-hyped by shorexng: 4:25pm On Sep 15, 2014 |
Arguements for and against entrepreneurship and paid employment never cease to amaze me. Salary earners earn a living by helping the entrepreneur build his business. Entrepreneurs earn their living by taking a lead in a business; they employ salary earners to help them achieve the organizations' dreams. So, why the fuse? |
Re: Why I Think Being An Entrepreneur Is Over-hyped by Elxandre(m): 4:37pm On Sep 15, 2014 |
2sExy1: sorry to say.... you lack common sense. I know your idea of an entrepreneur is in the class of Bill Gates, Dangote et al but you fail to realise that these guys also started from scratch and therefore, it means that anyone who does not start big isn't an entrepreneur.Thanks for typing what I wanted to type. An entrepreneur was once a hustler! You even have no idea of what an entrepreneur is. Alexander Amosu started his first business selling ringtones to a few students, just like the roadside boys we have in Nigeria(I'm sure your type would have labeled him a street hustler/hooligan) but today he's a legit entrepreneur. This thread is meaningless friend. 1 Like |
Re: Why I Think Being An Entrepreneur Is Over-hyped by Juwonmania(m): 4:45pm On Sep 15, 2014 |
am so happy when I read topics like this..... Am a 200 level student of Osun state University studing Entrepreneur as a course. people have said it all about Ent. do u know u can be an Entrepreneur and don't own a business? that's Intrapreneurship. An Entrepreneur and Intrapreneurship must be innovative. but what bothers me most is when a barber ( hair stylist) comes out and say he's an Entrepreneur.. I say NO.. he might be running a business though but not production, not innovative, not introducing a new idea, .... I strongly believe that for u to call yourself an Entrepreneur, u must have skills, ability to think, self confidence, always be ready to face risk in investing, u must also embrace failure as part of work always.. |
Re: Why I Think Being An Entrepreneur Is Over-hyped by Negro1: 4:58pm On Sep 15, 2014 |
INDESTRUCTABLEX: And to those calling me dumb, you are entitled to your opinion.I want to ask you a question. After reading the definition of entrepreneur from wikipedia as posted by 2sexy1, how many unemployed folks that are sitting on their sorry bottoms doing nothing call themselves entrepreneurs? (that you have heard of). You see as much as I appreciate ur post, you've got it twisted. there are entrepreneurs and there are aspiring entrepreneurs. That someone is still at the idea stage or plans to start something but is yet to doesnt mean he is not an entrepreneur, he is simply an aspiring entrepreneur. And contrary to what you said everyone can become an entrepreneur, the only question is are they willing? Sure, the word is being celebrated more than what it stands for (the innovative et al part) 1 Like |
Re: Why I Think Being An Entrepreneur Is Over-hyped by Nobody: 5:21pm On Sep 15, 2014 |
Juwonmania: am so happy when I read topics like this..... Am a 200 level student of Osun state University studing Entrepreneur as a course. people have said it all about Ent. do u know u can be an Entrepreneur and don't own a business? that's Intrapreneurship. An Entrepreneur and Intrapreneurship must be innovative. but what bothers me most is when a barber ( hair stylist) comes out and say he's an Entrepreneur.. I say NO.. he might be running a business though but not production, not innovative, not introducing a new idea, .... I strongly believe that for u to call yourself an Entrepreneur, u must have skills, ability to think, self confidence, always be ready to face risk in investing, u must also embrace failure as part of work always.. Please provide a dictionary or any other genuine definition of an entrepreneur, and tell us how a barber doesn't fit into the definition. Now, let's analyse your statement(s) and relate it with the hair stylist you mentioned. You said an entrepreneur must: * Have skills : Isn't the art of hair-styling a skill? Can you do the job? I guess no. So a skill is it. * ability to think : You will agree with me that if a hair-stylist can't think well, he/she in the first place can't learn the skill, not to talk of starting a business. * self confidence : if he/she isn't confident, he won't/cant fix your hair, because he fairs messing it up. Because he/she has the skill/experience, he/she believes in him/her(self) to do a perfect job. I believe you lack the confidence of waking up 2mrw and fixing your lecturer's hair; why? Cos you don't have the skill. * Ready to take risk : well, if he/she fairs taking risk, he/she won't use his/her money (or probably a borrowed money) to start a business. Because the possibility is dia that he/she starts the biz, and encounter extremely low patronage. * embrace failure : he/she is a risk taker in the first place, so failure won't discourage him/her. Last bullet: hair stylist ooo, akara seller ooo, water vendor ooo, motor mechanic ooo, factory owner ooo, any business owner is an entrepreneur 1 Like |
Re: Why I Think Being An Entrepreneur Is Over-hyped by mecussey(m): 5:24pm On Sep 15, 2014 |
autofreak2020: Thank God it is your opinion. Everybody can't be a god...somebody must serve sombody. I later realised this, the rich dad poor dad book is ok but not good enough. |
Re: Why I Think Being An Entrepreneur Is Over-hyped by Nobody: 5:24pm On Sep 15, 2014 |
Juwonmania: am so happy when I read topics like this..... Am a 200 level student of Osun state University studing Entrepreneur as a course. people have said it all about Ent. do u know u can be an Entrepreneur and don't own a business? that's Intrapreneurship. An Entrepreneur and Intrapreneurship must be innovative. but what bothers me most is when a barber ( hair stylist) comes out and say he's an Entrepreneur.. I say NO.. he might be running a business though but not production, not innovative, not introducing a new idea, .... I strongly believe that for u to call yourself an Entrepreneur, u must have skills, ability to think, self confidence, always be ready to face risk in investing, u must also embrace failure as part of work always.. Please provide a dictionary or any other genuine definition of an entrepreneur, and tell us how a barber doesn't fit into the definition. Now, let's analyse your statement(s) and relate it with the hair stylist you mentioned. You said an entrepreneur must: * Have skills : Isn't the art of hair-styling a skill? Can you do the job? I guess no. So a skill is it. * ability to think : You will agree with me that if a hair-stylist can't think well, he/she in the first place can't learn the skill, not to talk of starting a business. * self confidence : if he/she isn't confident, he won't/cant fix your hair, because he fairs messing it up. Because he/she has the skill/experience, he/she believes in him/her(self) to do a perfect job. I believe you lack the confidence of waking up 2mrw and fixing your lecturer's hair; why? Cos you don't have the skill. * Ready to take risk : well, if he/she fairs taking risk, he/she won't use his/her money (or probably a borrowed money) to start a business. Because the possibility is dia that he/she starts the biz, and encounter extremely low patronage. * embrace failure : he/she is a risk taker in the first place, so failure won't discourage him/her. Last bullet: hair stylist ooo, akara seller ooo, water vendor ooo, motor mechanic ooo, factory owner ooo, any business owner is an entrepreneur 1 Like |
Re: Why I Think Being An Entrepreneur Is Over-hyped by acorntree(m): 5:32pm On Sep 15, 2014 |
Who are the real entrepreeur? An arm robbers, fraudsters, prostitute and even a common petty trader, who hardly make 10k in a month will call himself or herself entrepreneur. No innovation, no outstanding skill , some dont even the technical and marketing skill to run a business and still claim to be an entrepreneur. Some business are just jack of all trade, commodity 'me too' product, usually with poor system in place, labour intensive, dependent only on one or two people. No residual income, no brand, poorly leveraged products, and most of these businesses have too many competitors as a result the owner dont build relationship just do transactionc, the salesperson always looking for the sucker ,always selling as a one off deal. And someone still someone still businesss owner an entrepreneur. |
Re: Why I Think Being An Entrepreneur Is Over-hyped by darqly(m): 5:36pm On Sep 15, 2014 |
xtervaganza: Op is incredibly dumb First off, calling someone "'incredibly dumb" because he shared an opinion doesn't make you ANY smarter, seeing as your reply is error-strewn. Secondly, your claim that an entrepreneur can decide to stay home for a day is precisely why the op said the term entrepreneurship is being misused. If you truly developed a business model you're passionate about and earn a living from it, i doubt if you'd just decide not to open shop one day because you're the boss and can do whatever you like. Many business and so-called entreprenuers fail mainly because they lack discipline and don't have a business plan; They just go with the flow and keep yakking about not working for someone whilst their businesses are barely afloat. |
Re: Why I Think Being An Entrepreneur Is Over-hyped by Nobody: 5:42pm On Sep 15, 2014 |
acorntree: Who are the real entrepreeur? An arm robbers, fraudsters, prostitute and even a common petty trader, who hardly make 10k in a month will call himself or herself entrepreneur. No innovation, no outstanding skill , some dont even the technical and marketing skill to run a business and still claim to be an entrepreneur. An armed robber is a criminal, a fraudster is a criminal, a prostitute is a w-hore, but a petty trader, is an entrepreneur. Point of correction: technical/marketing skills isn't a prerequisite for becoming an entrepreneur, one can always hire others to do it. |
Re: Why I Think Being An Entrepreneur Is Over-hyped by xtervaganza(m): 5:55pm On Sep 15, 2014 |
darqly:1st I agree I shouldn't have said that But by the bonded 2nd part; I think I'm right or maybe I didn't just put it well enough Let's say u have a place to go , u can decide on ur own as the owner of the business to go without seeking anyone approval No matter what being yourself boss beats working under anybody Believe me |
Re: Why I Think Being An Entrepreneur Is Over-hyped by Callfubu(m): 6:16pm On Sep 15, 2014 |
Over-hyped??!!! Wrong word.. I would say over-used. An entrepreneur is not just a business magnate, but someone who has passion for what he is doing regardless of where the tide takes his business to. He is determined to make that business work because he believes in it, not because it reeks in money. Once a person goes into a business with the sole purpose of making money, that alone rules him out as an entrepreneur |
Re: Why I Think Being An Entrepreneur Is Over-hyped by franzis(m): 6:25pm On Sep 15, 2014 |
francleanflexy: some Nigerians are so dumb right ?I am sure that millions and millions of jobs u talking about is in ur village #SarcasmOfTheHighestOrder 1 Like |
Re: Why I Think Being An Entrepreneur Is Over-hyped by roqrules04(m): 6:27pm On Sep 15, 2014 |
Enterpreneurs are Hustlers |
Re: Why I Think Being An Entrepreneur Is Over-hyped by Olutola88(m): 6:43pm On Sep 15, 2014 |
DAVE5:Lmao! You make me laugh in Swahili! I'll try to be courteous enough not to use epithets on you. Why do people just jump into illogical conclusions? At least you'll take a chill pill and see how I'll approach the subject. Lemme shock you, I had my first business when I was 17years of Age and I'm still into to the same business( it has expanded in 10 folds). Did you know what Entrepreneurship was when you were age 17? So, stop attacking people you know nothing about. And what about my 2.1 thread? How does that discourage Entrepreneurship? Every wise person that read that piece knew it didn't in anyway discourage Entrepreneurial drive. 1 Like |
Re: Why I Think Being An Entrepreneur Is Over-hyped by greatestman(m): 6:58pm On Sep 15, 2014 |
INDESTRUCTABLEX: @mylncopr the basics therefore becomes who is an entrepreneur and what what are the qualities that make an individual an entrepreneur?Your assertion are baseless. Who is an entrepreneur? Entrepreneurs: Someone who organizes a business venture and assumes the risk for it From the definition above someone that risk his 10 Naira to start selling pure is a entrepreneur, that 10 Naira can grow to that level You termed as entrepreneur. |
Re: Why I Think Being An Entrepreneur Is Over-hyped by dammylarey(m): 7:17pm On Sep 15, 2014 |
@INDESTRUCTABLEX your perspective of an entrepreneur as illustrated in your post is base on the Nigeria context and i won't want you to forget that we are operating in a very corrupt societal economy where every one is is looking for quick and fast means to cut corners or don't you see our police men collecting bribes,punishing the innocents and the abuse of public offices which includes our judiciary...so were is the rule of law,well! it is meant to deprive the common man whom is the masses. IT'S CORRUPTION MY PEOPLE WE ARE ALL TO BE BLAMED INCLUDING ''INDESTRUCTABLEX''. |
Re: Why I Think Being An Entrepreneur Is Over-hyped by INDESTRUCTABLEX(m): 7:17pm On Sep 15, 2014 |
Like I stated in my original post. These points are purely my opinion and based on observations. To clear the air-ways, I am open-minded, open to intellectual argument, and flexible to change. After going through several comments, it is obvious that the original intent of this thread has been misunderstood by some people. The original subject is what makes an individual an entrepreneur? Does owning a business make you an entrepreneur? Going by the popular Wikipedia definition, an entrepreneur is someone that organises or owns a business, I am wrong. My initial understanding of the word entrepreneurship didn't cover this meaning. Upon future probing on Wikipedia and other online resource, I found the definition that is in line with my original intention. Some of which are: Dan Sullivan of Strategic Coach “ An entrepreneur is someone who does not expect compensation until he has created value for someone else . ” # 2 Jean- Baptist Say, French Economist “ Entrepreneur is someone who takes resources from a lower level of productivity and raise them to a higher level . ” # 3 Peter Drucker , Renowned Management Guru “ An entrepreneur searches for change , responds to it, and exploits it as an opportunity . Innovation is the specific tool of entrepreneurs , the means by which they exploit change as an opportunity for a different business or a different service . ” # 4 Ray Ash, co - founder of Litton Industries “ An entrepreneur tends to bite off a little more than he can chew hoping he ’ ll quickly learn how to chew it. ” # 5 Michael Gerber , Author and Entrepreneur “ The entrepreneur is our visionary, the creator in each of us. We ’re born with that quality and it defines our lives as we respond to what we see , hear , feel, and experience. It is developed , nurtured , and given space to flourish or is squelched , thwarted, without air or stimulation , and dies . ” # 6 Tom Peters , Management Thinker Extraordinaire “ An entrepreneur is occasionally exhilarating , and almost always exhausting . Only unbridled passion for the concept is likely to see you through the 17 - hour days (month after month ) and the painful mistakes that are part and parcel of the start - up process . # 7 Victor Kiam , Former owner of New England Patriots “ Entrepreneurs are risk takers, willing to roll the dice with their money or reputation on the line in support of an idea or enterprise . They willingly assume responsibility for the success or failure of a venture and are answerable for all its facets . ” # 8 Joseph Schumeter , Austrian Scientist “ An entrepreneur is the ultimate innovator and earns his profits , however temporary , from successful innovations. ” # 9 Robert Callington “ An entrepreneur is someone, who practices business judgment in the face of uncertainty of the future . ” # 10 Dick Costolo , CEO of Twitter “ The key is to just get on the bike … and the key to getting on the bike … is to stop thinking about ‘there are a bunch of reasons I might fall off ’ and just hop on and peddle the damned thing. You can pick up a map, a tire pump , and better footwear along the way . ” # 11 Nolan Bushnell , founder of Chuck - E - Cheese and Atari “ The critical ingredient is getting off your butt and doing something. It’ s as simple as that. A lot of people have ideas, but there are few who decide to do something about them now . Not tomorrow . Not next week. But today . The true entrepreneur is a doer . . not a dreamer . source: www.rajeshsetty.com/2012/02/01/who-is-an-entrepreneur/ Based on these definitions, I believe every aspect of the proper use of the term entrepreneurship has been equally covered and substantiated. But we should have it at the back of our minds that the world now thrives on innovation and being successful may not only mean hardworking but also smart work. |
Re: Why I Think Being An Entrepreneur Is Over-hyped by ba7man(m): 7:34pm On Sep 15, 2014 |
INDESTRUCTABLEX:Your boss is an enterpreneur. 1 Like |
Re: Why I Think Being An Entrepreneur Is Over-hyped by Nobody: 9:03pm On Sep 15, 2014 |
An entrepreneur is someone who is doing what others are doing in a different way....therefore an entrepreneur innovates........even if you sell pure water in an innovative way you are an entrepreneur..... But an entrepreneur is not a business man who smuggles goods into the country and makes a huge profit while depriving govt of income from duties and killing local industries that manage to produce these same products |
Re: Why I Think Being An Entrepreneur Is Over-hyped by Negro1: 9:57pm On Sep 15, 2014 |
agonbello:walahi you get brain die. Satia n gbo |
Re: Why I Think Being An Entrepreneur Is Over-hyped by Happywoman(f): 10:35pm On Sep 15, 2014 |
Kai e no go beta for the person wen do u this tin! Haba how can som1 be so dense? sexmachine01: [size=40pt] You can change your own story |
Re: Why I Think Being An Entrepreneur Is Over-hyped by udswagz: 10:56pm On Sep 15, 2014 |
An entrepreneur does not have to have a fancy card, office or even wear a suit. but he/she has to have a website of course. visit www.udonlin.net if you need one. Entrepreneur sees an opportunity to provide a need to people and they make the most of it. Forget all the fancy Silicon Valley stories you read about, think of those boys at Alaba who come up with really crazy but useful ideas that you and i still use today, think of the "Atupa" kerosine lamp If not that here there is not enough exposure to fund and Nigeria's trust issue which makes accessibility to funds very hard, we would have bred a lot of successful entrepreneurs. Just look at how Igbo boys are making ton's of money each day, those guys are entrepreneurs, though the envious ones will say they "dem too like money" they are not perfect - their ways are not always illegal - but so is every entrepreneur we see in the western world from Gates , Dell, they all had anti-trust issues with the Government. Nigerians just enjoy hating Nigerians. |
Re: Why I Think Being An Entrepreneur Is Over-hyped by Nobody: 7:23am On Sep 16, 2014 |
........... |
Re: Why I Think Being An Entrepreneur Is Over-hyped by Nobody: 8:26am On Sep 16, 2014 |
Negro1: Thanks man, and good morning. |
Re: Why I Think Being An Entrepreneur Is Over-hyped by Nobody: 8:31am On Sep 16, 2014 |
INDESTRUCTABLEX: Like I stated in my original post. These points are purely my opinion and based on observations. Bro, all that you mentioned are simply qualities a good entrepreneur should possess. 1 Like |
Re: Why I Think Being An Entrepreneur Is Over-hyped by INDESTRUCTABLEX(m): 11:31am On Sep 16, 2014 |
agonbello: They are not. Those are definitions given by people who have succeeded. The definition of a word or concept is transient. As you develop the meaning of a concept changes, so does your definition of the concept. |
Re: Why I Think Being An Entrepreneur Is Over-hyped by texazzpete(m): 2:25pm On Sep 16, 2014 |
sexmachine01: [size=40pt] You can change your own story ^^^ This guy is an enterprising young enterpreneur. He's seen a need and he is trying to fill it |
Re: Why I Think Being An Entrepreneur Is Over-hyped by Nobody: 2:46pm On Sep 16, 2014 |
darqly: business plan ke? My grand father, father and all my uncles never go to school, let alone writing business plan and they are doing extremely good in their various busineses. Guy business is not a rocket a science, common sense, determination and will is all what you require to succed. |
Re: Why I Think Being An Entrepreneur Is Over-hyped by Nobody: 5:51pm On Sep 16, 2014 |
texazzpete: SALACIOUS MODE ACTIVATED |
Re: Why I Think Being An Entrepreneur Is Over-hyped by DAVE5(m): 12:24pm On Sep 17, 2014 |
Olutola88: Lmao! You make me laugh in Swahili! I'll try to be courteous enough not to use epithets on you. i'll take the chill pill like u said, actually 2 sef, 1 for u and 1 for me, i'm just expressing what i feel, i neva said ur 2:1 thread relates to entrepreneurship if u read my post again, and kudos to u on ur business cos i envy success and i enjoy relating with wit successfully persons (unproductive peep scare me, they'll suck u dry),maybe i cld be inspired by u as well and btw ma head is only fine tuned for entrepreneurship, so yes, at tender age i was already thinking of being my own person... |
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