Most Self-Proclaimed Entrepreneurs Are Fake– They Are Fakepreneur: Real Entrepreneurs Dare To Change The World…

Most self-proclaimed entrepreneurs are fake– this might sound blasphemous to many people, especially to want-a-be-entrepreneurs… but there is an important distinction between ‘real’ entrepreneurs, and those who turn their passions into businessesAccording to Norm Brodsky; visionaries, pioneers, leaders… all build great businesses, but ‘real’ entrepreneurs are something else– they make something new out of nothing, they change the world with new ideas…

Everybody wants to be an entrepreneur these days and– judging by the way the word is thrown around– you might think that everybody is one… The ‘entrepreneur’ has become the job designation of choice, and it’s applied to all sorts of people, whether desired or not, for example; politicians, college presidents, cab drivers, bookies, real estate developers, big-company executives… and they are all held-up as models of entrepreneurship…

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This is nuts: Entrepreneur is not a meaningless word and we shouldn’t let it become one. It’s the only word we have to describe a person who performs a particular function that’s critical to world’s economic well-being. I’m talking about the conversion of ideas into viable businesses by means of ingenuity, hard work, resilience, imagination, luck, and all the other ingredients that go into changing the world… Although, entrepreneurship is not the only way to create wealth in a capitalist economy and the people who do it aren’t members of some sort of business elite; but they do something that’s critical for the world economy and different from what other business people do, and they deserve to have a special name, i.e., entrepreneur.

So what is the definition of an entrepreneur? According to Brett Nelson; consider these two definitions of ‘entrepreneur’: Merriam-Webster defines it as: one who organizes, manages and assumes the risks of a business or enterprise… Dictionary.com defines it as: a person who organizes and manages any enterprise, especially a business, usually with considerable– initiative, passion, risk… The difference is subtle, but fundamentally; it’s the word ‘any’… Dictionary.com has it right; entrepreneurs, in the purest sense, are those who identify a need– ‘any’ need– and fill it with a solution that might seem almost insane that changes everything– it’s a primordial urge independent of product, service, industry, market…

The world needs all kinds of entrepreneurs; they are the ones who are forever craning their necks, addicted to ‘looking around corners’ and ‘changing the world’… According to Steve Spoonamore; there are people who love to sail the ocean or climb mountains, and more power to them– but it’s nowhere near as interesting as taking a technology nobody ever heard of, finding a market, launching it, and changing the world… and the world needs it, more than ever… Just ask yourself; who are the people who are creating something new out of nothing? Something that didn’t exist before, something that is changing the world, as we knew it…

In the article Real Entrepreneur–Most Entrepreneurs are Fake by Vijay Anand writes: Entrepreneurship is not a lifestyle, it’s the way that you are wired, and the only way you know how to live… According to Jerome S. Engel; entrepreneurship is the pursuit of opportunity beyond the normal way of thinking… its genius and madness; but what’s the difference? Genius resembles insanity, and its extremely hard to differentiate the two at times. The saying goes that; everyone is a crank-pot till the idea succeeds.

Entrepreneurs have the innate ability to create something out of nothing: What’s stuck in their head, most times, is a reality that is only relevant and known to them, and no one else quite gets it till it can be seen functional in the realm of reality… Great entrepreneurs almost always have more than one skill-set, for example; they have the– ideas, they design, they sell, negotiate, speak, write, hustle – and in various combinations of what’s known and unknown…

Step back and think about it: To create something– not just to transform it but to create it from scratch, is almost like an act of godliness; it’s what entrepreneurs do — they bring things into life that never existed before…

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In the article Fakepreneurs–Modern Epidemic by Kelsey Ramsden writes: Entrepreneurs are  the sexiest profession going these days, a lot of people are wanting to get into the club. Saying you are an entrepreneur has a lot of social cachet about it beyond just the esteem, but no one will ever know if you do anything noteworthy as a self-proclaimed  entrepreneur, or not– as a result there are plenty of fakepreneurs… The real difference between fakepreneur and real entrepreneur is the effort, integrity, intention… to do something very different from the normal, to rethink the normal, to start something completely, adopt new thinking to solve old solutions… and, the difference lies in the ‘why’ behind the actions… Are you seeking to select a job title, or solve a problem? The truth in being an entrepreneur lies in the actions and problem solving a person does…

In the article Who Are the Real Entrepreneurs? by Norm Brodsky writes: I have a very simple definition for an entrepreneur; they are people who start with nothing more than an idea for a venture or product or service… and they have the ‘ability’ to take it to a point at which a business can sustain itself, notice I said ‘ability

I’m not talking about people who happen to be in the right place at the right time… And, I don’t count people who start one company and then can’t do it again to save their souls: I call them ‘one-ers’; they are entrepreneurs by accident… The example I usually give is Ray Kroc, who built McDonald’s from a successful hamburger stand into one of the greatest companies in the world. He was without doubt a pioneer and a business giant, but the people who got the company up and running were the McDonald brothers, who turned out to be ‘one-ers’…

By the same token, I would exclude people who inherit a business, no matter what they do with it afterward, e.g.; Ned Johnson of Fidelity Investments, revolutionized the financial-services industry, but his father who started the business was the real entrepreneur. Ditto for Donald Trump… Also, I don’t think you qualify as an entrepreneur if you go in business with all the resources of a giant corporation at your disposal… Nor do you qualify if you do nothing more than acquire existing businesses, which you then bundle together to create a new mega-business. To be sure, many of these people call themselves entrepreneurs; a couple of them have even been designated ‘Entrepreneurs of the Year’, which is a joke: By and large, they are just smart accountants…

Real entrepreneurs are people with different ideas, and then create companies from scratch. They start with nothing except what they themselves bring to the party– a concept, few contacts, maybe some capital, plus all of those intangible qualities that are important to success in any new venture; that’s about it. There are no salespeople, no offices, no telephones or computers, no accounting system, no operations, no customers or suppliers.

The entrepreneurs’ job is to put everything together– wearing 10 different hats, juggling 20 different balls, relying on their own knowledge, instincts, creativity… to get them to positive cash flow… And the best entrepreneurs are masters of the process, which is not to say that they are necessarily the greatest business people in the world… In fact, many of them fail in business but they know how to bounce back from failure, and many of them have a hard time managing the companies they create, but they keep on trying until they succeed…

So who are the real entrepreneurs? Ross Perot is certainly one of them; so is Steven Jobs. Some would also include; Microsoft founder Bill Gates and Federal Express founder Fred Smith, although technically the jury is still out on them. They could be ‘one-ers’… But most real entrepreneurs are people you’ve never heard of: There are thousands of them– men and women of every race and nationality, in every industry and every corner of the globe. They are starting businesses every day, and the world is a better place because of it…

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Entrepreneur is a powerful word and when it’s used as a label, it take on even greater power; you romanticize it, you glamorize it, you assign mystical properties to it… Entrepreneurship is not for the everyone, it’s only for the very few who have that special combination of– genius and madness… According to Hal Alpiar; listen to the politicians that toss the ‘E’ word around, and it will be transparently clear that they haven’t the foggiest idea of what entrepreneurship is all about… According to Brian D. Evans; there is a growing use of the term ‘fakepreneur’… It started because there are a lot of self-proclaimed ‘fake’ entrepreneurs calling themselves entrepreneurs. And some people have decided to become the entrepreneur ‘title’ police…

This is nothing new: It’s been happening in Hollywood for 50+ years, for example; where everyone in town is supposedly an– actor, director, producer… Who really knows– who is and who isn’t? And who really cares? All successful entrepreneurs just stumbled into it; they didn’t get a university degree in entrepreneurship, they just went out and did it. They learned through unconventional means, they innovated, they challenged themselves, they networked, they joined communities and online forums, they found mentors, they got accountability partners, they invested in the futures and learned to do whatever it took…

Real entrepreneur just do it; they go out and focus on changing the world, they build a business, doing what they do best… Everything else will fall into place, and at the end of the day having a ‘title’, or not, does not make much of a difference. And, since there is no ‘title’ police– you can call yourself whatever you want…

Real entrepreneurs know who they are, and even after knowing the stark and bleak reality before them, they still dare go out to change the world, because that’s the only way they know how to live… So for their sake, let’s agree and reserve the title of ‘entrepreneur’ for the special group of people– the ones who earn it!