The dictionary outlines an entrepreneur as somebody who initiates and assumes the risk for business ventures. However the definition of a successful Entrepreneur is something a little different.
We use information in this business, knowledge that leads to profits. Entrepreneurs make money by applying supply and demand information against an existing environment to produce a result. So even though the existing dictionary definition talks about assuming risk for the existing project, a successful entrepreneur actually assumes profits. Its the difference between a success and a failing project.
An entrepreneur studies his market and knows the current price points that investment objects will sell for. Armed with this knowledge he/she can confidently make investments and know the price negotiated is actually locked in profit. Its this intrinsic value knowledge that is so vital to an investing entrepreneur
So entrepreneurs buy profits and sell into working capital. If you were to define the absolute activity the typical entrepreneur does it would be the deal maker. Entrepreneurs deal in value and value exchange.
So to define clearly what an entrepreneur does we can say that they measure and deal in values, ensuring that their purchases are always below the value of the investment object. To do this they actually study the market they specialize in. In other words, they literally keep track of sales as they happen in there market and maintain constant vigilant surveillance so they know exactly what a given investment object (making allowances for current condition)is actually wort6h and what current perceptions are about that object.
A smart entrepreneur also reads charts of recent price movements and studies the emerging trends, to anticipate coming bubbles and troughs in the price points they currently deal in.
Martin Thomas (c)2005
Martin is a professional investor and Entrepreneur. If you would like to discover more about being an entrepreneur, you can read “The Million Dollar Mentor" by Hayden Muller. Martin recommends this work highly and has used the very concepts contained in the work for his own successful entrepreneurial activities. http://www.opportunity-investor.com