My definition of an Entrepreneur (And Producers are entrepreneurs, ya know!)
I got an email from a blog reader three weeks and four days ago, asking me the simple question of what I thought the definition of that crazy french-formed word, “entrepreneur,” was.
Of course, the simple questions often require the most amount of thought before spitting out an answer, which is why it has taken me three weeks and four days to come up with one.
But I think I got it. Sort of. I’ve come up with what I think entrepreneurs do, and what they do defines them to me, so here goes.
My definition starts with Peter Lynch.
Peter was one of the greatest mutual fund managers of the modern investor age, running Fidelity’s Magellan fund from 1977 to 1990, and earning an average of 29% (!) per year. He was known for his simple rules of investing, including the simple tip, “Invest in things you use every day.” (I paraphrase that philosophy for people who want to invest in Broadway by saying, “Invest in shows you’d want to see every day.”)
So if investors invest in things they use every day . . .
Entrepreneurs and producers are surely part of that motley crew, investing their money, their time, their heart . . . in things they want to use every day, but don’t exist now.
Is that you? Or do you want that to be you?
If you’ve got an idea for something you want to exist, let me give you another fancy French word to help you get going.
Just #$*ing do it.
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