Last week I took up the debate of how to define “entrepreneur”. There are different points of view. I mentioned two in my earlier post, and then I found this blog archive from Seth Godin. He refers to one source who distinguishes between an entrepreneur and a small business owner thusly:
“…that entrepreneurs think big thoughts and do big things, while small business owners settle, working their way through the day to day.”
But Seth makes a different comparison:
“an entrepreneur is trying to make money while she sleeps, and does it with someone else’s money! That she builds a business bigger than herself, that scales for a long time, that is about processes and markets. A small businessperson, on the other hand, is largely a freelancer with support, someone who understands the natural size of her business and wants to enjoy the craft of doing it every day.”
I like Seth’s definition, that entrepreneurship is building something bigger than yourself that scales for a long time. But I would add a point of my own:
I place the emphasis on “building”! You’re an entrepreneur if your vision is to build something bigger than yourself, even if you’re just starting out.