Sometime ago I was watching a TV interview of the famed music mogul Quincy Jones. He was speaking terribly eloquently and with a degree of passion relating to his business pursuits. He spoke in an exceedingly fashion that created his business interest seem terribly cool, hip and even sexy. He then framed it all into one straightforward declaration; I'm an entrepreneur.
I then said to myself, “I’m visiting be an entrepreneur”.
Mr. Jones enrolled me into changing into this word we have a tendency to decision entrepreneur. Now my definition of entrepreneur at the time was somebody who started businesses, created new products and concepts, made things happen and lived an exciting life. Once I was a young boy my father used to make me read the dictionary so that I'd expand my vocabulary. Therefore I decided to seem the word up and here is that the definition I found.
One who organizes, manages, and assumes the risks of a business or enterprise.
No I said to myself, this couldn’t be right! Merriam-Webster’s has it wrong. An entrepreneur may be a take the bull by the horns person, an innovator and business leader. Further I browse that an entrepreneur assumes the risks and/or liabilities of a business. Baloney I thought, the dictionary has it wrong.
Well some years later I started my first business and along with that employed a business attorney. He proceeded to tell me all the ways I may be sued or get into issues with state governments even if I was doing nothing wrong. He would tell me how I needed to manage my risks and liabilities. (As a facet note in the 2-? years I ran that 1st business until I sold it I never had one legal downside).
I then recalled reading the definition of the word entrepreneur. Hmmm I thought, well I guess the previous dictionary was right. But I used to be right too. An entrepreneur will be all of the things I’ve stated and assuming the risks associated with being in business.
Entrepreneur or Employee?
We tend to have currently entered 2009 and several of you would like to make that decision. Not everyone is cut out to be a risk taker and become an entrepreneur. So the alternative is to travel out and acquire a pleasant, safe and secure job. But alas my friends because having a pleasant, safe and secure job is currently an oxymoron. Thus being used is taking a risk as well.
The era of working for a company for 30 years and retiring with the gold watch is over, gone, done.
Who could have ever have imagined that companies like GM, AIG, Citigroup and others might be near collapse. Or that big Wall Street corporations Lehman Brothers and Bear Stearns would stop to exist.
My purpose is clear, whether or not you embrace entrepreneurship or employment, either manner you are a risk taker
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