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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Comments
  • Scott Wilkinson says:

    This is an excellent topic-what is an entreprenuer. As creative people ( and all humans, on some level long to be creative in some way) we long for generating new things that add value to many. This can take the form of Steve Jobs creating the Apple computer with all of his engineering, mathematical, genius friends. Or it can take the form of the Gershwin brothers creating all those wonderful songs together. In either case, the paradox is that they were really not focused on fortune or fame (at least first). They were focused on creating something they deemed both valuable to themselves and , at the same time added value to others. If done well, the fortune and fame thing takes care of itself.
    There is nothing I find more thrilling than to write a song that touches people. And people in today’s modern world- in their cubicles and sterile computer work environments- long , as much as anything, to be moved, inspired and touched. So the arts serve to meet the need of creating beautiful new things that inspire and touch people- adding value and meaning to their lives. If an endeavor is completely self-serving and does not add value, in some way, I don’t think it fits the definition of “entreprenurial”. I think a better definition would be greed. And when entreprenuers lose their focus on adding value to others for more selfish ambitions, ironically, their businesses or creative projects begin to flounder.. so create things that are beautiful and add value to others. A pretty sound investment stradegy

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