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What does it mean to be an entrepreneur?

Nowadays a particular attention is paid to the entrepreneurial initiative by public authorities and the society in general, because this is considered as an essential element for the economic development and the organic creation of new jobs. However, to be an entrepreneur is not justto create a small company, but it is a structured process that we can sketch as it follows:

  • Pointing out the opportunities.
  • Evaluation of the opportunity.
  • Transformation of an idea into a business opportunity.
  • Correct structuring of the business.
  • Establishing what human and financial resources are needed.
  • Start-up and development.
  • Managing the setbacks and redirecting the company’s strategies.
  • Capturing the value.

The entrepreneur is not a single individual, but a team of professionals who have to have:

  • Spirit of innovation.
  • Entrepreneurial mindset.
  • Complementary expertise and skills.
  • Knowledge of the business.
  • Ability to cope with risks.
  • Flexibilityto cope with changes.
  • A balanced approach between realistic and visionary.
  • Ability to manage people.
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