The Profit Prophet

I will begin and end this article with two quotations. The first is from Edward Rogers: "You don't deserve to be called an entrepreneur unless you've mortgaged your house to the business." --Edward S. (Ted) Rogers  This one sentence pretty much says it all. Entrepreneurs are not necessary gamblers, but they are willing to put everything they own, or go all in, in order to make it happen. In the classical sense an entrepreneur is define as anyone who has possession of a new enterprise, endeavor, venture or idea, and assumes significant accountability for the inherent risks associated with the development, growth, and outcome. He or she is an organizer who combines land, labor, material resources, and/or capital to create and market new goods, products, or services. The term "entrepreneur" is loaned from the French and was first defined by the Irish economist Richard Cantillon, where the term was applied to the type of persona who was willing to take upon th...

Since I have been emailing friends for over 15 years with quotations, and keep a post of quotations ( wordecho.blogspot.com ), I have been asked by quite a friends to compile a list of quotations that would best describe the characteristics of an entrepreneur since it seems like most "Best" lists just seem to be a Hodge-podge of quotations without any real focus. In a previous post ( Traits of an Entrepreneur ), I listed the 18 traits of an entrepreneur which are: Creative, Perseverance, Self-Confident, Intuitive, Independent, Self-Motivated, Optimistic, Focused, Forward-Looking, Decisive, Enterprising, Disciplined, Cooperative, Results Oriented, Energetic, Persuasive and Organized.  This list of quotations highlight these 18 characteristics. 1. “Creative people are at their most productive when they appear to be doing nothing.”             --Tim Askew 2. “Happiness is not in the mere possession of money; it lies i...