{"id":1361,"date":"2020-05-12T12:16:41","date_gmt":"2020-05-12T12:16:41","guid":{"rendered":"https:\/\/www.goodwall.io\/blog\/?p=1361"},"modified":"2020-09-22T14:34:10","modified_gmt":"2020-09-22T14:34:10","slug":"what-is-entrepreneurship","status":"publish","type":"post","link":"https:\/\/www.goodwall.io\/blog\/what-is-entrepreneurship\/","title":{"rendered":"What is Entrepreneurship? The Meaning of Entrepreneur Simply Defined"},"content":{"rendered":"<div class=\"post-body\">\n<p>Does the idea of creating a business from nothing appeal to you? How would you like to be your own boss and lead a team of employees?<\/p>\n\n\n\n<p>There are more than&nbsp;<a href=\"https:\/\/www.prnewswire.com\/news-releases\/27-million-americans-are-starting-or-running-new-businesses-based-on-data-reported-in-latest-global-entrepreneurship-monitor-united-states-report-300775598.html\" target=\"_blank\" rel=\"noreferrer noopener\">27 million entrepreneurs<\/a>&nbsp;in the United States. Each one has a vision and a dream to make a contribution to the world.<\/p>\n\n\n\n<p>Thanks to technology, there are more opportunities to become an entrepreneur. What is entrepreneurship? <\/p>\n\n\n\n<p>Read on to discover the meaning of entrepreneurship and how\u00a0to become an entrepreneur.<\/p>\n\n\n\n<hr class=\"wp-block-separator has-text-color has-background has-vivid-green-cyan-background-color has-vivid-green-cyan-color is-style-default\" \/>\n\n\n\n<div class=\"wp-block-media-text alignwide is-stacked-on-mobile\"><figure class=\"wp-block-media-text__media\"><img decoding=\"async\" src=\"https:\/\/www.goodwall.io\/blog\/wp-content\/uploads\/2020\/09\/cta-blog-download-app-v3.png\" alt=\"download the goodwall app image 3\" class=\"wp-image-2275\" \/><\/figure><div class=\"wp-block-media-text__content\">\n<div style=\"height:20px\" aria-hidden=\"true\" class=\"wp-block-spacer\"><\/div>\n\n\n\n<p style=\"font-size:18px\">Want to showcase yourself in the best way possible to future employers or universities? Sign up to Goodwall!<\/p>\n\n\n\n<ul><li>Develop skills &amp; experience<\/li><li>Highlight accomplishments<\/li><li>Network globally<\/li><li>Find top jobs &amp; internships<\/li><\/ul>\n\n\n\n<p style=\"font-size:18px\">Download the app now to get started!<\/p>\n\n\n\n\n<div class=\"store-buttons-section\">\n    <div class=\"store-button-box\">\n      <a target=\"_blank\" href=\"https:\/\/goodwall.onelink.me\/45N9\/518642a3\">\n        <img src=\"https:\/\/www.goodwall.io\/blog\/wp-content\/themes\/goodwallblog\/images\/app-store.svg\" \/>\n      <\/a>\n    <\/div>\n    <div class=\"store-button-box\">\n      <a target=\"_blank\" href=\"https:\/\/goodwall.onelink.me\/45N9\/blog\">\n        <img src=\"https:\/\/www.goodwall.io\/blog\/wp-content\/themes\/goodwallblog\/images\/play-store.svg\" \/>\n      <\/a>\n    <\/div>\n<\/div>\n\n<\/div><\/div>\n\n\n\n<hr class=\"wp-block-separator has-text-color has-background has-vivid-green-cyan-background-color has-vivid-green-cyan-color is-style-default\" \/>\n\n\n\n<p class=\"has-light-green-cyan-background-color has-background\"><strong>Related Read<\/strong>: <a href=\"https:\/\/www.goodwall.io\/blog\/entrepreneur-glossary\/\">An Entrepreneur\u2019s Glossary: 15+ Entrepreneurship Vocabulary Terms Defined<\/a><\/p>\n\n\n\n<h2 class=\"wp-block-heading\">What Is an Entrepreneur?<\/h2>\n\n\n\n<p>According to Merriam-Webster, the&nbsp;definition of an entrepreneur&nbsp;is \u201cone who organizes, manages, and assumes the risks of running a business.\u201d<\/p>\n\n\n\n<p>This entrepreneurship definition was first used in the 1700s from the Old French word <em>entreprendere<\/em>, which means &#8220;to undertake.&#8221;<\/p>\n\n\n\n<p>That\u2019s what you do when you pursue the path of entrepreneurship. You take an idea to create a business, validate the idea, write a business plan, and start your business.<\/p>\n\n\n\n<p>Of course, you have to assume the responsibility of the business. You take on all of the risks to start the business and make it successful. There\u2019s also a high reward for starting a business, too.<\/p>\n\n\n\n<p class=\"has-light-green-cyan-background-color has-background\"><strong>Related Read<\/strong>: <a href=\"https:\/\/www.goodwall.io\/blog\/successful-entrepreneurs\/\">9 Characteristics of Successful Entrepreneurs<\/a><\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><strong>Types of Entrepreneurship<\/strong><\/h2>\n\n\n\n<p>There are dozens of paths you can take as an entrepreneur.<\/p>\n\n\n\n<p>There are many entrepreneurs who function as solopreneurs. Some examples of solopreneurs include freelance workers, such as writers and graphic designers. There are bloggers who make money and build a business from their content.<\/p>\n\n\n\n<p>Other entrepreneurs have purchased franchises or created their own businesses that they turn into franchises.<\/p>\n\n\n\n<p>There isn\u2019t one path to become an entrepreneur. Some of the most successful entrepreneurs didn\u2019t attend college. Others became successful entrepreneurs in their 50s.<\/p>\n\n\n\n<p>That\u2019s part of the beauty of becoming an entrepreneur. You get to set your own path as long as you have a vision and a viable idea for a business.<\/p>\n\n\n\n<p>There is a lot of hard work involved in building a business. You have to prove that your idea is profitable, learn about marketing, sales, operations, and customer service. You can learn a lot about business and entrepreneurship by&nbsp;<a href=\"https:\/\/www.goodwall.io\/blog\/best-business-books-to-read\/\" target=\"_blank\" rel=\"noreferrer noopener\">reading books<\/a>.<\/p>\n\n\n\n<p class=\"has-light-green-cyan-background-color has-background\"><strong>Related Read<\/strong>: <a href=\"https:\/\/www.goodwall.io\/blog\/best-business-books-to-read\/\">10+ Best Business Books to Read for Aspiring Entrepreneurs in 2020<\/a><\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><strong>Who Are Successful Entrepreneurs?<\/strong><\/h2>\n\n\n\n<p>Some successful entrepreneurs are treated like celebrities because they created a business and turned it into an empire.<\/p>\n\n\n\n<p>Bill Gates is an example of an entrepreneur who started his business (Microsoft) in a garage. Mark Zuckerberg dropped out of Harvard to move to Silicon Valley and build Facebook.<\/p>\n\n\n\n<p>Ray Kroc changed the food industry in the 1950s when he realized that he could franchise McDonald\u2019s. He took an existing business and found a way to make it incredibly profitable by owning the land underneath the restaurants.<\/p>\n\n\n\n<p>There are also entrepreneurs that you don\u2019t hear about. There are plumbing contractors who decide to start a business. There are restaurants that started out of a food truck.<\/p>\n\n\n\n<p class=\"has-background has-light-green-cyan-background-color\"><strong>Related Read<\/strong>: <a href=\"https:\/\/www.goodwall.io\/blog\/25-inspiring-quotes-and-business-tips-from-successful-female-entrepreneurs\/\"><\/a><a href=\"https:\/\/www.goodwall.io\/blog\/best-entrepreneur-quotes\/\">50+ Best Entrepreneurship Quotes to Inspire, Motivate, and Encourage<\/a><\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><strong>What Is Entrepreneurship?<\/strong><\/h2>\n\n\n\n<p>So, what is entrepreneurship? The entrepreneurship meaning&nbsp;is the act of creating a venture that has a lot of risks, but the potential for great rewards. There isn\u2019t one path to become an entrepreneur. You need to have a vision and a good business idea to start with. But most of all, you just need the courage to see it through.<\/p>\n\n\n\n<p>Entrepreneurship isn\u2019t for everyone. If it appeals to you, you should start to build your networks and learn as much as you can about entrepreneurship.<\/p>\n\n\n\n<p class=\"has-light-green-cyan-background-color has-background\">Related Read: <a href=\"https:\/\/www.goodwall.io\/blog\/why-pitch-ideas-on-goodwall\/\">3 Reasons Why Every Entrepreneur Should Pitch Ideas on Goodwall<\/a><\/p>\n\n\n\n<p>If you think entrepreneurship is the direction for you, there&#8217;s no better place to get the support, feedback, and visibility you need to succeed than Goodwall.<\/p>\n\n\n\n<p>On Goodwall, you can share your ideas, build a network of like-minded individuals, ask and answer questions, get support from industry professionals, and so much more. So, if you haven&#8217;t yet, sign up to Goodwall today (links to the app below)!<\/p>\n<\/div>","protected":false},"excerpt":{"rendered":"<p>What is entrepreneurship, exactly? In this post, we describe what entrepreneurship is and the meaning of being an entrepreneur. <\/p>\n","protected":false},"author":4,"featured_media":1414,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":[],"categories":[14],"tags":[15,86],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v20.10 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>What is Entrepreneurship? The Meaning of Entrepreneur Simply Defined<\/title>\n<meta name=\"description\" content=\"What is entrepreneurship, exactly? 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