What is Entrepreneurship?

For nearly a decade DE, Inc. has focused on helping small business owners prepare their businesses to operate without their direct day-to-day involvement.  We created an entire line of small business tools and small business training to assist with the process.  National, regional, and local organizations catering to small businesses have partnered with us to offer these tools.

I will admit, over the years I’ve struggled to communicate what we do.  Then at the end of 2010 I had my first “aha moment.”  It hit me that how you applied our tools and training was dependent on where you and/or your business were in the small business growth cycle.  The result of researching my hunch was our The Small Business Growth Matrix.

The light bulb went off again while finalizing our strategy for an upcoming marketing campaign.  As I began trying to simplify the way we communicate how all the pieces we offer fit together the definition of entrepreneurship became crystal clear!

Entrepreneurship Defined

Think of the small business growth model as a map.  It is a map you follow to successfully grow a small business.  And the way that we’ve laid it out for you, the steps and their order as right there for you to follow.

While the growth model provides the steps, you must possess skills to accomplish the steps along the way.  In the Churchill and Lewis’ Harvard Business Review whitepaper The Five Stages of Business Growth, they report on the two sets of factors that directly impact business growth – owner and company factors.

The personal factors relate to leadership skills necessary to achieve the objectives for each stage of the growth cycle.  This is the “personal change” and growth that we speak to within our tagline.  As an owner, if you are not ready to tackle the things necessary at your stage of growth, then your business will suffer as a result.  So, personal growth is key to business growth.  This is why leadership topic is a major part of this blog!

To address the company factors that Churchill and Lewis speak to relates directly to management of the business.  Again, does the company have the systems, personnel, and financial wherewithal to accomplish what is required at their stage of growth?  Again, if you don’t understand these aspects of management your company will stagnate.  These are the management topics which we discuss within this blog.

We’ve given you the map.  We provide you with the knowledge, tools, and assistance to master the personal and business challenges you might face along the way.

How Do You Become an Entrepreneur?

Master the personal and business skills needed to navigate the map!!!  If you successfully accomplish this you can call yourself an entrepreneur.  Our free eBook – The Missing Component to Successful Entrepreneurship will give you the insights you need to get focused and achieve real entrepreneurship.

What do you think?  Is it really that simple?  Notice I said simple.  That doesn’t mean it will be easy to get there.  In fact, I can tell you it’s very hard.  But if you want it bad enough it all right there for you in black and white.

In the weeks and months to come I will begin to unveil the piece of this realization in a systematic way that will allow you to follow along no matter you or your business’ stage of the growth model.  Additionally, a number of e-books, videos and tools are in the works that will also assist. If you’d like to be at the forefront of receiving these items I would recommend that you sign-up for our newsletter so that you receive notice as soon as these tools are available.

Thanks for you continued readership.  We look forward to assisting you on your journey toward entrepreneurship.

About Dino Eliadis

Dino Eliadis has over 25 years experience in creating and leading high performance teams and organizations. His talents spans many different industries where he focuses on assisting small business owners to make measurable improvements in overall business performance thus increasing their “book value” by Tuning the Revenue Engine. The result: increased productivity and improved revenue growth, leading to maximized profits.

Comments

  1. Mikki Pulido says:

    Great link Dino. I used to think that an Entrepreneur was anyone who owned a business but it’s much more than that. It’s about doing more for yourself than opening your doors and hoping you get enough sales to break even. Being an Entrepreneur is about connection, about seeing opportunities for growth and capitalizing on them.
    I don’t own a business but this article will help me think like a businessowner in my day to day duties.

  2. Dino,

    I do very much agree that the leadership is required to operate a business. What I have found is that many people may have the necessary skills to lead when it comes to operating their own business they are lacking on the small business skill set. ALot of leaders have been misplaced from the corporate umbrella. Most are in the baby boomer generation and find it difficult to find a new corporate position so they embark on a entrepreneurial enterprise into starting and running a business.

    Small business is most definetly not for the weak at heart. However the leadership skills can be learned. This is based on the research for my book into this subject.

    Thank you for sharing this article.

    Dave

  3. There are plenty of failed entrepreneurs – it’s those that take the time to create a long term vision and create and follow systems (the boring part for most) that truly succeed.

    If I had figured that out a long time ago I’d be on a beach somewhere exotic and not reading LinkedIn updates where I found your post!

  4. Panteli Tritchew says:

    Dino:
    Great post!
    One sentence in particular really resonated for me : “Personal growth is key to business growth.”
    At some level, our contributions and our work are extensions of who we are. The more we grow as individuals and as leaders, the more we extend our reach, our influence and our contribuition. It only makes sense that this outreach helps our business grow as well! :) Panteli

  5. I think the interesting idea for wanna be entrepreneurs is that given the right environment many people are becoming intra-preneurs. Which is making/building/creating new products within an existing organization. Same start-up challenges, and the same feelings – just slightly less risk on the individual. A great recent book on this subject “Escape Velocity” by Geoffrey Moore talks about how to drive change within the ‘mature’ organization.

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