The Purpose of an Entrepreneur




  • — February 26, 2019

    The Purpose of an Entrepreneur

    Entrepreneurs are heroes in our society. They fail for the rest of us. ~ Nassim Taleb

    Yes, entrepreneurs are indeed heroes. Ultimately, entrepreneurs are about initiative and responsibility for risk.

    However, at a fundamental level, entrepreneurs are problem solvers. They own the difficult problems others are reluctant to carry. There are a sea of ambiguous problems that entrepreneurs solve:

    • Raising money
    • Making payroll
    • Securing property deals
    • Making deals
    • Collecting
    • Creating
    • Driving awareness
    • Protecting assets
    • Managing difficult people
    • Upholding a reputation

    When you decide to start or grow a business, the challenges will be endless. Your plans will meet adversity. People won’t play along. Things can get difficult quick.

    Ultimately, your ability to solve problems is what creates progress in the midst of chaos.

    Here’s what is important for the journey:

    1. Lead yourself first. Establish health routines. Take care of your physical, emotional, mental and spiritual self. Every day without skipping. You need to be dialed in and ready for problems with creativity and stamina.
    2. Always be growing. You need a varied amount of skills that are largely dynamic, perhaps non-descript. Learn to be adept with people. Take care of details. Manage sales and projects.
    3. Be a master recruiter. A bad hire will send your business completely sideways. Hire slowly and fire quickly. Don’t rationalize.
    4. Always be clear. Your clarity matters more than everyone else’s. It also keeps you going towards a goal with perseverance and energy. This is a continuous process.
    5. Create systems. Systems keep your output consistent. They are not flippant or inconsistent. You need people systems, sales systems, personal systems and financial systems.

    In the end, an entrepreneur knows they are in the business of problem solving. If you’re not welcoming or anticipating problems, then you won’t make it as an entrepreneur.

    It’s a heroic, and many times, thankless journey. But the rewards are immense.

    Business & Finance Articles on Business 2 Community

    Author: Don Dalrymple

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