As we've all heard, when it comes to the definition of entrepreneurship, there are varying definitions of what this term really means. Some experts think of entrepreneurs as people who are willing to take risks that other people are not. Others define them as people who start and build successful businesses. According to the Small Business Administration (2013), an entrepreneur is a person who organizes and manages a business undertaking, assuming the risk for the sake of profit. An entrepreneur: Sees an opportunity. Makes a plan. Starts the business. Manages the business. Receives the profits.
Regardless of how we define an "entrepreneur," one thing is certain: becoming a successful entrepreneur isn't easy. In fact, it takes 110 percent of hard work and effort. So, how does one person successfully take advantage of an opportunity, while another, equally experienced person does not? Do entrepreneurs have a different genetic makeup? Or do they operate from a different perspective, which somehow directs their decisions for them?
