The Essence of Entrepreneurship

What is the fundamental thing that entrepreneurs do that makes them entrepreneurs? This article on Inc.com has a brilliant answer.  It was written 37 years ago by Harvard Business School professor Howard Stevenson.

Entrepreneurship is the pursuit of opportunity without regard to resources currently controlled.

I love the simplicity and density. Stevenson’s definition expands entrepreneurship beyond the conventiaonal boundaries of the startup company. Such a pursuit is critical for anyone seeking innovation, anyone with limited resources, anyone with a vision beyond his means. Jon Burgstone, author, entrepreneur and teacher, explains it this way:

Every time you want to make any important decision, there are two possible courses of action. You can look at the array of choices that present themselves, pick the best available option and try to make it fit. Or, you can do what the true entrepreneur does: Figure out the best conceivable option and then make it available.

I pick the second option. What about you?

Advertisements

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s

%d bloggers like this: