Who is an entrepreneur?

This is also an article I have published on portal Product of Croatia.

In order for us to start our enterprise first of all we have to know who is an entrepreneur.
Richard Cantillon, a French economist, once said that an entrepreneur is a person who moves his capital into a venture with a high return.
Vedran Šošić, one of Croatian more famous economists, once said that an entrepreneur is a person who invests his property into some venture.
Peter Drucker, one of the Americas’ leading economists on the field of entrepreneurship, once said that an entrepreneur is a person who creatively changes the conditions of a economy.
All three of them are right. Entrepreneur is a person that takes risks, seeks profit and must be creative in order to succeed.
According to some modern theories of entrepreneurship it is divided into a three dimensions:

• profit, as an economical dimension,
• risk, as a governing dimension and
• creativity, as innovative dimension.

An entrepreneur is a person that uses all three dimensions and copes with them. An entrepreneur uses capital (his own or borrowed), land, work and information to succeed. Of course, we could say that an entrepreneur is someone who is not innovative, but you have to ask yourself: “Isn’t he really?” I mean, creativity is not just innovations, inventions, new way of using the phone for instance, or new kind of fuel. Quite the contrary it is hard for an entrepreneur who works in pharmacy to be creative. He just doesn’t have the resources necessary for research. But that is not the only definition of innovativeness. An entrepreneur can be innovative in million other ways. He can show his innovativeness through his way of running his firm or his organizational structure, or his approach to his employees. In short, we could define innovativeness in entrepreneurship as using the inventions, but also the new processes, making new relations, encouraging the associates.
In the world many economies are based on small entrepreneurs. Maybe you are one of them. Have you recognized yourself in this text? You believe that you have what it takes? Maybe you really should start your own firm and take a step into the world of entrepreneurship!