An entrepreneur is probably one of the most misunderstood out of all professions. And yet, an entrepreneur is a profession just like being a plumber or doctor or teacher because entrepreneurship comes in all shapes and forms.

An entrepreneur is a profession that does NOT require any of these elements:

  • You do not need a degree,
  • You don’t have to pass a test,
  • You do not need to be really smart,
  • You do not need a lot of money to start,
  • You do not need other person or program telling you that you are one.

You are the only one in the world that can make yourself an entrepreneur. You can learn the skills as you move along.

However, you might still be wondering about this question, “What Is An Entrepreneur?”

What is an entrepreneur? The answer is anyone who decides they want to become one is an entrepreneur. If you want to become an entrepreneur, you can become an entrepreneur the minute you decide to do so.

When you look up the word, “entrepreneur” in the dictionary you will find:

Entrepreneur: noun

A person who starts a business and is willing to risk loss in order to make money
One who organizes, manages, and takes on the risks of a business or enterprise

I so disagree with this definition, for a few reasons:

  • There can be more than one entrepreneur in a company, and in fact, in the successful companies you will find 2 or more people claiming that they were founders.
  • An entrepreneur can be the person who came up with the idea, or the person that took that idea and turned it into a business.
  • If you know what you are doing, being an entrepreneur is less of a risk than most other professions, because you have controlling decisions about your work, not some boss that you work for. You are the boss.

And how do we minimize risks for future entrepreneurs?

The Answer:

By better understanding the job of an entrepreneur and by learning the skills an entrepreneur needs to run a business. There are many different skills an entrepreneur needs in order to run a successful business and each one falls under the Four Point Triangle Course that we teach in the Academy.

Business meeting of entrepreneursBasically, there are four key areas in every business that each entrepreneur has to understand and learn about. In a new business or an existing business, each of the four areas can be run by a person who is an entrepreneur, meaning you can have more than one entrepreneur in a company.

The four key areas are:

  1. Administration
  2. Operations
  3. Sales and Marketing
  4. President or CEO

Kids can be entrepreneurs too!

Our definition of a kid entrepreneur: someone who makes money, can save the money, and handle all the responsibilities of School, family, friends. They don’t have to own a business.

Entrepreneurs have to learn many skills to become successful. Some of which include:

The 5 Leadership Skills

  • Good communication
  • Vision
  • Persistence
  • Execution
  • Becoming Trustworthy

In addition to…

  • Understanding The Financials
  • How to market and sell
  • How to manage employees and set rules for them
  • How to follow business rules like paying taxes and registering a business
  • Making a profit
  • Believing in yourself,
  • Working together by team building
  • And many more.
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