What is Entrepreneurship?

It is a recognized profession and career; it is a combination of art and science where preparation and opportunity meet.  It is about leadership, innovation, managing vision, mission/purpose and values.  

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What is an Entrepreneur?

According to Webster's Dictionary “it is a person who organizes and manages any enterprise especially a business usually with considerable initiative and risk.”  An “entrepreneuse” is a female entrepreneur.  Superb entrepreneurs approach their business as a process that involves all the functions, activities, and actions associated with perceiving opportunities  and creating an organization to pursue it.   They view the process like a 3-legged stool.  One leg of leadership, one leg of business skills & acumen, and one leg of core values in action.   

What are the crucial ingredients for entrepreneurial success?

An excellent market opportunity with a laser-like focus on providing a better solution for its customers needs and problems.

A first rate management team – internal and external to the organization. A superb entrepreneur who seeks continuous learning, growth and innovation for themselves personally, their team(s) and their company.   For emerging entrepreneurs, research has demonstrated that 80-90% of businesses are still operating after 5 years where the founder has received entrepreneurial training and continues with a peer group of entrepreneurs, as compared to a less than 10% success rate for those who did not receive training and support.