An entrepreneur is defined simply as someone who organized or finds a product, and is an active participant within the operational management of that product. Simply put, an entrepreneur is someone who launches and holds onto their own business. Whether they are “retail” entrepreneurs who start out in the store floor and bring product in front of customers, or “online” entrepreneurs who operate their business from the confines of their home, each entrepreneur plays a unique role as they take their company into new and potentially successful territories.
To be true, entrepreneurs are not born with an entrepreneurial spirit. They are created by someone who saw a need and took steps to fill that need. The differences between a traditional CEO and a true entrepreneur are clear. A CEO works behind the scenes while an entrepreneur is often seen as an “in the middle.” They share responsibilities but are not necessarily on the same level of authority and leadership as their CEO.
Women entrepreneurs have historically been under-represented in the entrepreneurial field. Part of the reason for this has been that women were seen as a lower value customer, because they don’t hold the same executive power as their male counterparts. Additionally, many women entrepreneurs didn’t receive the equal treatment with their male counterparts. This gender bias created a negative stigma that kept some women in the shadows and excluded them from being taken seriously in the entrepreneurial community. Fortunately, this stigma has started to fade. Today, almost three-quarters of all entrepreneurs are women.
Another area where women’s entrepreneurship is starting to impact the field is in the realm of social entrepreneurship. The idea of social entrepreneurship has emerged from the ashes of failed large company entrepreneurship. Social entrepreneurship seeks to solve problems by developing social relationships and public spaces. For example, food companies have developed programs that give away free food products to those who can’t afford to buy them in stores. Or, small non-profit organizations that help people get access to clean water and electricity.
The third area where entrepreneurialism is becoming prominent is product entrepreneurship. Product entrepreneurs develop products that solve a problem or that solve a need. They might come up with an idea for a new product line that addresses a health problem or help people deal with a crisis by providing clean drinking water. The most successful business ventures in this category focus on tangible goods, such as a product line of dry cleaning machines.
There are many more areas where entrepreneurialism is taking root, including topics like environmental entrepreneurship and food entrepreneurship. Entrepreneurs involved in these types of new businesses are concerned with reducing the impact of their business on the environment and protecting food supplies. A very popular type of entrepreneur, meanwhile, is the entrepreneur who builds palaces and other luxurious homes for others. This entrepreneur brings enormous wealth to people through their expertise in building homes that are environmentally and economically sustainable. These entrepreneurs are quite separate from the more “traditional” types of entrepreneurs, as their wealth is generated through building homes rather than by selling products.