Training Blog

The debate over what really constitutes an entrepreneur has raged for many years. Strangely, some seem to believe that you only need to have your own company to be classed an entrepreneur but then this includes groups such as owner-managers where the firm has been passed through generations. In reality, these people may not be remotely entrepreneurial in spirit and so we need to consider a tighter definition.
Equally, when considering a definition, should we consider whether the entrepreneur is successful or not. Someone may have a desire to set up their own business but not actually be remotely innovative and consequently fail. Does this person still qualify as an entrepreneur?
Probably the best definition I have heard was from an finance professor at Manchester Business School, being:
An entrepreneur is someone who pursues business objectives regardless of resources.
This suggests that an entrepreneur is someone who finds a way, doesn´t let obstacles prevent them from achieving, takes risks in the interest of business or wealth creation or…. recklessly embarks on projects without the proper resources! I guess the debate remains open.