More Resources

What makes an entrepreneur?


by Torok, George
Canadian Manager • Spring, 2007 • EXPERT ADVICE

The fastest growing area of the economy is entrepreneurs, risk takers and wealth generators. These entrepreners are strange people. What makes them tick? Why do entrepreneurs take risks, endure pain, fatigue, and embarrassment? What makes them run? Is it money, fame, rock and roll or sex? None of the above!

Entrepreneurs might want and enjoy those things but what drives them and what distinguishes them from an over achieving employee or salesperson is the desire to create. That's it. Do you pass the test? Many over achievers are not entrepreneurs.

Leonardo Da Vinci, Edison and the Wright Brothers were entrepreneurs. They had dreams to create new horizons for humanity. A vision, inspiration and most importantly the belief that, "I can do that", is the defining image of an entrepreneur.

How do you motivate an entrepreneur? Tell them, "It can't be done". Entrepreneurs love an impossible challenge. They will prove you wrong. It took Edison 10,000 attempts to create a light bulb that burned for several seconds.

Not everyone who starts a business is an entrepreneur. Some do it out of desperation, or until they get a real job. They might become entrepreneurs one day, but they must move their mind set from '1 can't do that' to one of 'can do'.

What does it take to succeed as an entrepreneur?

The ability to learn what is needed to make your dream come true--and to acquire and apply those lessons and skills. Successful entrepreneurs go past the dream stage. Many have the potential to be successful. They have dreams, great ideas and they may even be right. But imagine if Edison quit after 1,000 attempts. He could rightly rationalize that it couldn't be done. After all who would expect him to try 1,000, 2,000 or even 5,000 times. It took 10,000. Nobody cares about the failures. The results count.

George Cohon, senior Chairman of McDonalds Canada & McDonalds Russia endured 14 years of negotiation and posturing to open the first McDonalds restaurant in Russia. It was the most successful grand opening they ever had. They served over 30,000 customers that first day. But it took 14 years of running around, being nice to Soviet bureaucrats and pleading with his board to get there. He had no idea it would take so long but he knew he could do it. I suspect that Bill Gates is not motivated by money. The power of effecting change and growth is more intoxicating. Money is only a wonderful by-product. That is what sets entrepreneurs apart.

Entrepreneurs are dreamers. They see things that others can not. They want to create change and growth. They believe in themselves. They want to control their destiny. Successful entrepreneurs seek out, acquire and practise the skills they need to succeed. Successful entrepreneurs do what they have to, to get to where they want to be.

[c] George Torok is an entrepreneur, radio show host and bestselling author of "Secrets of Power Marketing". He delivers inspirational keynote speeches and practical seminars to organizations who want to grow by showing them how to improve their thinking and communication skills. You can contact him at 800-304-1861 or visit www.Torok.com


COPYRIGHT 2007 Canadian Institute of Management Reproduced with permission of the copyright holder. Further reproduction or distribution is prohibited without permission.
Copyright 2007, Gale Group. All rights reserved. Gale Group is a Thomson Corporation Company.
NOTE: All illustrations and photos have been removed from this article.


Browse by Journal Name:
Today on Entrepreneur
Related Video

e-Business & Technology
Franchise News
Business Book Sampler
Starting a Business
Sales & Marketing
Growing a Business
E-mail*:
Zip Code*: