Source? https://www.entrepreneur.com/article/294549

KillerBeauty:
STOP CALLING EVERYONE AN ENTREPRENEUR

We have gotten a bit carried away with the “entrepreneur label” stop it. So many people in Nigeria consider themselves entrepreneur without even knowing what been an entrepreneur entails. In Nigeria, every Wale, Musa and Chidi goes about with the entrepreneur title not knowing that they are small business owners. Entrepreneurship is so much more than having a business.

Too many people confuse entrepreneurs from small business owners. A lot more people are qualified to run a grocery shop than take companies from inception, through market, funding and growth to IPO.

Now you may be asking, "who is an entrepreneur”

An entrepreneur is someone who is motivated to begin a start up. They seek to provide radical solution to huge problems with the use of breakthrough technologies that will make that solution possible. An entrepreneur has an insatiable need for more, more and more. They can’t stop. They are fearless and driven to maximize opportunity. An entrepreneur aims for improvement over what currently exist. They don’t dare to be different, they are different.

A small business owner, on the contrary, build business incrementally, bit by bit. They often solve smaller, localized problems with their business and are not looking to radically move the needle. These people are the broad base of employment in Nigeria. Everywhere you go in every street are littered with small businesses. They cover a lot of surface area but aren’t disrupting the status quo, creating entire new fields, or accelerating an entire market forward.

Small business owner seek lower risk and their goal is sustaining a living for themselves and their employees. Furthermore, their products and services often live in the realm of the known and established. They live and operate in their local community. That local tailor that has been in your street for 20 years is a business owner also that young guy that just opened a barbing salon in your area, that bet 9ja agent and that freelance web designer are all small business owners not entrepreneurs.

When we talk of entrepreneurs, we need to mention those people who discovered a new world, who aim for improvement in fields and business ideas that already exist, who provided radical solutions to problems that we never thought possible. People like Aliko Dangote who gave us a FCMG company we can be proud of, Linda Ikeji who open our eyes to what blogging is, CEO’s of Konga and Jumia who introduced the E-commerce gig to us, our very own Seun Osewa of Nairaland and Mike Adenuga who without him we wouldn’t have known what per second billing is all about.

These people are true entrepreneurs. Bigger is always better for them and that’s the one facet of their business that has held lasting values with customers through the years.

Sezua:
entrepreneur


noun (plural entrepreneurs)
- A person who organizes and operates a business venture and assumes much of the associated risk.
- A person who organizes a risky activity of any kind and acts substantially in the manner of a business entrepreneur.

Shut up op

Good one, Don't mind the OP, he is just doing ITK

This is my response.
But you people here should stop promoting misinformation. You guys can also do your research and be able to properly modify submissions like this before pushing it to the front page.

Sezua:
entrepreneur


noun (plural entrepreneurs)
- A person who organizes and operates a business venture and assumes much of the associated risk.
- A person who organizes a risky activity of any kind and acts substantially in the manner of a business entrepreneur.

Shut up op

Nice one!!!

Either the op didn't learn enterpreneurship education in uni or polytechnic or he didn't go at all

datola:
People like Aliko Dangote who gave us a FCMG company we can be proud of, Linda Ikeji who open our eyes to what blogging is, CEO’s of Konga and Jumia who introduced the E-commerce gig to us, our very own Seun Osewa of Nairaland and Mike Adenuga who without him we wouldn’t have known what per second billing is all about.


When Dangote started selling petty things he was was not an entrepreneur right?

What about when Seun was buying N100 browsing time at Cafe to build Nairaland he was not an entrepreneur?

We are all entrepreneurs in what so ever small start up we are into so far we have the bigger picture to change the world.

The Bible says we should not despise the days of little beginning.

are you minding d dullinus. just wake up and be spreading ignorance upandan

Rubbish post. If you were in the commercial or art class or even did a course in the university on entrepreneurship, you wont sit down and type those words.

If you combine other factors of production effectively and efficiently, you are one. Not my definition it was given by a renowned economist.

KillerBeauty:
STOP CALLING EVERYONE AN ENTREPRENEUR

We have gotten a bit carried away with the “entrepreneur label” stop it. So many people in Nigeria consider themselves entrepreneur without even knowing what been an entrepreneur entails. In Nigeria, every Wale, Musa and Chidi goes about with the entrepreneur title not knowing that they are small business owners. Entrepreneurship is so much more than having a business.

Too many people confuse entrepreneurs from small business owners. A lot more people are qualified to run a grocery shop than take companies from inception, through market, funding and growth to IPO.

Now you may be asking, "who is an entrepreneur”

An entrepreneur is someone who is motivated to begin a start up. They seek to provide radical solution to huge problems with the use of breakthrough technologies that will make that solution possible. An entrepreneur has an insatiable need for more, more and more. They can’t stop. They are fearless and driven to maximize opportunity. An entrepreneur aims for improvement over what currently exist. They don’t dare to be different, they are different.

A small business owner, on the contrary, build business incrementally, bit by bit. They often solve smaller, localized problems with their business and are not looking to radically move the needle. These people are the broad base of employment in Nigeria. Everywhere you go in every street are littered with small businesses. They cover a lot of surface area but aren’t disrupting the status quo, creating entire new fields, or accelerating an entire market forward.

Small business owner seek lower risk and their goal is sustaining a living for themselves and their employees. Furthermore, their products and services often live in the realm of the known and established. They live and operate in their local community. That local tailor that has been in your street for 20 years is a business owner also that young guy that just opened a barbing salon in your area, that bet 9ja agent and that freelance web designer are all small business owners not entrepreneurs.

When we talk of entrepreneurs, we need to mention those people who discovered a new world, who aim for improvement in fields and business ideas that already exist, who provided radical solutions to problems that we never thought possible. People like Aliko Dangote who gave us a FCMG company we can be proud of, Linda Ikeji who open our eyes to what blogging is, CEO’s of Konga and Jumia who introduced the E-commerce gig to us, our very own Seun Osewa of Nairaland and Mike Adenuga who without him we wouldn’t have known what per second billing is all about.

These people are true entrepreneurs. Bigger is always better for them and that’s the one facet of their business that has held lasting values with customers through the years.

your idea of who an enterprenuer is is simply those who are super rich. Your definition of it is not the economics definition of who an enterprenuer is, hence your definition is hugely bias and unfair!

lol. Have you read the 4 quadrants by Robert Kiyosaki at all?

I guess the OP doesn't know that small businesses that offer goods and services for sale fall under entrepreneurship.
An entrepreneur is anyone who establishes,organizes and operates a business to maximize financial return.
Yes,that tailor and an airtime seller on the street is an entrepreneur because they are exploiting opportinities for profit!
Most entrepreneurs start small and it's the ultimate desire of every forward thinking small business owner to expand and introduce innovative products and services.
Linda Ikeji and Dangote are not the first to venture into their respective businesses....their successes is a result of years of hardwork,preserverance and strategic business ideas.
One doesn't build Rome or introduce innovative products/services in one day!
Don't teach me Nonesense!

KemjikaEme:
I guess the OP doesn't know that small businesses that offer goods and services for sale fall under entrepreneurship.
An entrepreneur is anyone who establishes,organizes and operates a business to maximize financial return.
Yes,that tailor and an airtime seller on the street is an entrepreneur because they are exploiting opportinities for profit!
Most entrepreneurs start small and it's the ultimate desire of every forward thinking small business owner to expand and introduce innovative products and services.
Linda Ikeji and Dangote are not the first to venture into their respective businesses....their successes is a result of years of hardwork,preserverance and strategic business ideas.
One doesn't build Rome or introduce innovative products/services in one day!
Don't teach me US Nonesense!

FIXED

The op is myopic and a kill joy in my opinion, is it every body that has the capacity, patience and all other required resources to start and maintain a business...


Jst because am not yet richer than Dangote and the likes does not mean am not an entrepreneur

KillerBeauty:
STOP CALLING EVERYONE AN ENTREPRENEUR

We have gotten a bit carried away with the “entrepreneur label” stop it. So many people in Nigeria consider themselves entrepreneur without even knowing what been an entrepreneur entails. In Nigeria, every Wale, Musa and Chidi goes about with the entrepreneur title not knowing that they are small business owners. Entrepreneurship is so much more than having a business.

Too many people confuse entrepreneurs from small business owners. A lot more people are qualified to run a grocery shop than take companies from inception, through market, funding and growth to IPO.

Now you may be asking, "who is an entrepreneur”

An entrepreneur is someone who is motivated to begin a start up. They seek to provide radical solution to huge problems with the use of breakthrough technologies that will make that solution possible. An entrepreneur has an insatiable need for more, more and more. They can’t stop. They are fearless and driven to maximize opportunity. An entrepreneur aims for improvement over what currently exist. They don’t dare to be different, they are different.

A small business owner, on the contrary, build business incrementally, bit by bit. They often solve smaller, localized problems with their business and are not looking to radically move the needle. These people are the broad base of employment in Nigeria. Everywhere you go in every street are littered with small businesses. They cover a lot of surface area but aren’t disrupting the status quo, creating entire new fields, or accelerating an entire market forward.

Small business owner seek lower risk and their goal is sustaining a living for themselves and their employees. Furthermore, their products and services often live in the realm of the known and established. They live and operate in their local community. That local tailor that has been in your street for 20 years is a business owner also that young guy that just opened a barbing salon in your area, that bet 9ja agent and that freelance web designer are all small business owners not entrepreneurs.

When we talk of entrepreneurs, we need to mention those people who discovered a new world, who aim for improvement in fields and business ideas that already exist, who provided radical solutions to problems that we never thought possible. People like Aliko Dangote who gave us a FCMG company we can be proud of, Linda Ikeji who open our eyes to what blogging is, CEO’s of Konga and Jumia who introduced the E-commerce gig to us, our very own Seun Osewa of Nairaland and Mike Adenuga who without him we wouldn’t have known what per second billing is all about.

These people are true entrepreneurs. Bigger is always better for them and that’s the one facet of their business that has held lasting values with customers through the years.

God bless you ..I always feel bad when I see people who go to BALOGUN market to buy things and resell the call themselves entrepreneurs..I have been a serial entrepreneur for a while now and it's an insult to people like me and our huge vision, ground breaking thoughts and extreme sacrifice we put into taking an innovation from thought to printing (actually my term) to be compared to a hair reseller or tea reseller ..God bless you for this write up

Must only make sense in Nigeria
Please don't you start up a business Do you know you can have several small businesses yielding to turnovers of £600k a year
They are called entrepreneurs!!!! Who own businesses company etc
men the dumbness is nauseating ...
One day sha Nigerians will connect their brain like the rest of the world

From to to bottom complete and utter bs.. stop feeding ppl nonsense ..

DAVE5:



FIXED

The op is myopic and a kill joy in my opinion, is it every body that has the capacity, patience and all other required resources to start and maintain a business...


Jst because am not yet richer than Dangote and the likes does not mean am not an entrepreneur

Her topic is so flawed I just shown my colleague this topic and they are laughing asking if that's how they think in Nigeria
I feel so embarrassed

She doesn't even know what a small business is .. sole trader , Ltd ..

Sezua:
entrepreneur


noun (plural entrepreneurs)
- A person who organizes and operates a business venture and assumes much of the associated risk.
- A person who organizes a risky activity of any kind and acts substantially in the manner of a business entrepreneur.

Shut up op

Lol. You should ask the op is she is an entrepreneur. Let's start from there.

Mynd44 na u push this ting go fp false information o

KillerBeauty:
STOP CALLING EVERYONE AN ENTREPRENEUR

We have gotten a bit carried away with the “entrepreneur label” stop it. So many people in Nigeria consider themselves entrepreneur without even knowing what been an entrepreneur entails. In Nigeria, every Wale, Musa and Chidi goes about with the entrepreneur title not knowing that they are small business owners. Entrepreneurship is so much more than having a business.

Too many people confuse entrepreneurs from small business owners. A lot more people are qualified to run a grocery shop than take companies from inception, through market, funding and growth to IPO.

Now you may be asking, "who is an entrepreneur”

An entrepreneur is someone who is motivated to begin a start up. They seek to provide radical solution to huge problems with the use of breakthrough technologies that will make that solution possible. An entrepreneur has an insatiable need for more, more and more. They can’t stop. They are fearless and driven to maximize opportunity. An entrepreneur aims for improvement over what currently exist.

1)I believe this definition of an entrepreneur is rather bias
2) I do not know how long it took u to study this topic
u wrote on but I would advise u to read 'think and grow rich' by Napoleon Hill and u will see cases of people who didn't become the bomb until their late 60s,70s etc. I read an article about a man who developed a bagless vacuum cleaner. he was on that project for over 20 year and later became a success. I would also recommend the movie titled 'Joy' that woman didn't need technology to become an entrepreneur. you do not have to solve a big problem to become and entrepreneur. this woman called Joy invented a mop, everyone thought it stupid until they saw it was a solution to a little problem
what point am I trying to make? many people toil and toil and toil until they finally make it. Dangote started with only 20 naira.
either u are a small business owner or a tycoon an entrepreneur is an entrepreneur. the major thing is never to stop trying no matter how many times u fail, one person's success may take longer than d other.

datola:
People like Aliko Dangote who gave us a FCMG company we can be proud of, Linda Ikeji who open our eyes to what blogging is, CEO’s of Konga and Jumia who introduced the E-commerce gig to us, our very own Seun Osewa of Nairaland and Mike Adenuga who without him we wouldn’t have known what per second billing is all about.


When Dangote started selling petty things he was was not an entrepreneur right?

What about when Seun was buying N100 browsing time at Cafe to build Nairaland he was not an entrepreneur?

We are all entrepreneurs in what so ever small start up we are into so far we have the bigger picture to change the world.

The Bible says we should not despise the days of little beginning.

Go and read what she wrote again. This is how you fail exams and say the questions were tricky whereas you did not study with understanding. Her explanation is very clear and I will not bother explaining it to you again.

aquadude15:
Some people will be selling fixed game and they will go and be coming and call their sell entreprenuer, no be only, na exitprenuer

Any legal sells is entrepreneurship.



#OP no go schl

Lol. In the bid to sound smart, you just showed your illiteracy.
Dangote, Lindaikeji etc are the real entrepreneurs?
How old are you?

Lalas247:
Must only make sense in Nigeria
Please don't you start up a business Do you know you can have several small businesses yielding to turnovers of £600k a year
They are called entrepreneurs!!!! Who own businesses company etc
men the dumbness is nauseating ...
One day sha Nigerians will connect their brain like the rest of the world

From to to bottom complete and utter bs.. stop feeding ppl nonsense ..

The OP is just one person, she's a Nigerian and not Nigeria. One Nigerian says nonsense doesn't mean all Nigerians do.
By the way, where are u from? Tell me its not Nigeria o

dabraska:
Lol. In the bid to sound smart, you just showed your illiteracy.

Dangote, Lindaikeji etc are the real entrepreneurs?

How old are you?

I don't think she knows d genesis of these people.

An entrepreneur is an entrepreneur, sister. Whether small or large, a business owner is an entrepreneur. You can only classify them into groups; small scale, medium scale and large scale entrepreneurs. Haba, u no do Econs for Secondary school?

KillerBeauty:
STOP CALLING EVERYONE AN ENTREPRENEUR

We have gotten a bit carried away with the “entrepreneur label” stop it. So many people in Nigeria consider themselves entrepreneur without even knowing what been an entrepreneur entails. In Nigeria, every Wale, Musa and Chidi goes about with the entrepreneur title not knowing that they are small business owners. Entrepreneurship is so much more than having a business.

Too many people confuse entrepreneurs from small business owners. A lot more people are qualified to run a grocery shop than take companies from inception, through market, funding and growth to IPO.

Now you may be asking, "who is an entrepreneur”

An entrepreneur is someone who is motivated to begin a start up. They seek to provide radical solution to huge problems with the use of breakthrough technologies that will make that solution possible. An entrepreneur has an insatiable need for more, more and more. They can’t stop. They are fearless and driven to maximize opportunity. An entrepreneur aims for improvement over what currently exist. They don’t dare to be different, they are different.

A small business owner, on the contrary, build business incrementally, bit by bit. They often solve smaller, localized problems with their business and are not looking to radically move the needle. These people are the broad base of employment in Nigeria. Everywhere you go in every street are littered with small businesses. They cover a lot of surface area but aren’t disrupting the status quo, creating entire new fields, or accelerating an entire market forward.

Small business owner seek lower risk and their goal is sustaining a living for themselves and their employees. Furthermore, their products and services often live in the realm of the known and established. They live and operate in their local community. That local tailor that has been in your street for 20 years is a business owner also that young guy that just opened a barbing salon in your area, that bet 9ja agent and that freelance web designer are all small business owners not entrepreneurs.

When we talk of entrepreneurs, we need to mention those people who discovered a new world, who aim for improvement in fields and business ideas that already exist, who provided radical solutions to problems that we never thought possible. People like Aliko Dangote who gave us a FCMG company we can be proud of, Linda Ikeji who open our eyes to what blogging is, CEO’s of Konga and Jumia who introduced the E-commerce gig to us, our very own Seun Osewa of Nairaland and Mike Adenuga who without him we wouldn’t have known what per second billing is all about.

These people are true entrepreneurs. Bigger is always better for them and that’s the one facet of their business that has held lasting values with customers through the years.

The summary of your write up is that an entrepreneur is a business owner who over time had grown the business so big and probably have other chains of business with turnover in the millions. If you think about it from this summary you will see that your point is counterintuitive. Maybe you were a science oriented student in School but then its a gross error writing about what you know nothing about in the first place

Someone would just wake up in a the morning jump up and decide to start a thread without bothering to think it through or do just a little research.

The term entrepreneur is basically an economics term that refers to the owners of capital. Period.

Everyone who invests in a business, whether a a small business owner, tech startup, or minority shareholder in a large corporation is an entrepreneur.

wizkidblogger:
lol. Have you read the 4 quadrants by Robert Kiyosaki at all?

it is evident that the answer is No

KemjikaEme:
I guess the OP doesn't know that small businesses that offer goods and services for sale fall under entrepreneurship.
An entrepreneur is anyone who establishes,organizes and operates a business to maximize financial return.
Yes,that tailor and an airtime seller on the street is an entrepreneur because they are exploiting opportinities for profit!
Most entrepreneurs start small and it's the ultimate desire of every forward thinking small business owner to expand and introduce innovative products and services.
Linda Ikeji and Dangote are not the first to venture into their respective businesses....their successes is a result of years of hardwork,preserverance and strategic business ideas.
One doesn't build Rome or introduce innovative products/services in one day!
Don't teach me Nonesense!

she even forgot those entrepreneurs who have made it big but are not so famous. people like Yomi casual, people like pat stitches. There are even tailors in ikeji who charge as much as 80k for just iro and buba. what do we call those ones o? this topic is even irritating

SmartyPants:
Someone would just wake up in a the morning jump up and decide to start a thread without bothering to think it through or do just a little research.

The term entrepreneur is basically an economics term that refers to the owners of capital. Period.

Everyone who invests in a business, whether a a small business owner, tech startup, or minority shareholder in a large corporation is an entrepreneur.

The matter tire me oooo..
Maybe the op should check the primary definition of who and what an enterpreneur is...

cdoffx:


The summary of your write up is that an entrepreneur is a business owner who over time had grown the business so big and probably have other chains of business with turnover in the millions. If you think about it from this summary you will see that your point is counterintuitive. Maybe you were a science oriented student in School but then its a gross error writing about what you know nothing about in the first place

it pains me that u are pampering the OP with ur words, even if she was a science student, entrepreneurship is a compulsory course for every student, right from high sch to undergraduate level. This OP just chose to b ignorant.