Welcome to the 1520 Perfect Dictionary

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Entrepreneur (1)
ENTREPRENEUR (1)

Definition: A person who makes money by starting or running a business, especially when this involves taking financial risks.
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* All ten elements should be in.


1. Has some serious, specific and identifiable objective(s) (See perfect PURPOSEFULNESS).

2. Considers it a necessity to get involved in line of trade (See perfect PROFITABILITY).

3. Start up costs or worth of business is enough or substantial to generate profit or sustain effort (See perfect SEED MONEY).

4. Has the flair (traits and attitude) - desire/motivation, vision, confidence and cooperation, perseverance/creativity, willingness to take risks/street-smartness, competitiveness/hardworking, etc., etc. and also the wherewithal - knowledge/training, information/support, time/energy, organization, management and marketing skills, etc., etc. - to keep business on, up and running (See perfect RISK-TAKING).

5. Business is legal and/or duly registered (See perfect LEARNING CURVE).
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WILL NEVER BE CAUGHT ON HIS OR HER ASS (= LYING DOWN).



6. Relationship with employees, customers, industry regulators, etc, is excellent, ... within the law! (See perfect BAPTISM OF FIRE).

7. Deals and dealings are not illegal or 'under the table' and person is not involved in scams, cheating, etc. (See perfect HONESTY).

8. Makes profit or at least breaks even. That is, never makes a loss or where a loss is made, it is minimal and can be recouped quickly. In other words, trading endeavour grows (See perfect PROFITEERING).

9. Achieves objective(s), while fulfilling all legal obligations and giving back to the society, as necessary (to emphasize, see definition) (See perfect DECISION-MAKING).

10. Contributes to the growth and development of the economy of region or country. That is, person does not repatriate all profits, or damage the ecosystem and/or the environment, but creates investment and employment opportunities, etc., as applicable (See perfect ECONOMIC MIGRANT).
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HAS AN INDOMITABLE SPIRIT.





* With inputs by Austin D. Osuhor (Ph.D.)





Quote: "Entrepreneurs who make the commitment of corporate social responsibility will travel the path of excellence". - Searchquotes.

Quote: "Prosperity is something the businessman created for the politicians to take credit for". - Brunswick (GA.) Pilot.

Quote: "The entrepreneur always searches for change, responds to it, and exploits it as an opportunity". - Peter F. Drucker.

Quote: "Entrepreneurs are change-makers. They see opportunity where others see constraints. They capitalise on changing circumstances to create value. And they in turn instigate further change, triggering a positive chain reaction of value creation". - World Entrepreneurship Forum.

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