According to the definition I saw you just have to run and have stake in an enterprise what do you think?
More From EntrepreneurIdeasClub
- Bad Time To Consider Being A Pilot?
- What Are The Differences Between An Entreprenuer & A Manager?
- Hey Is Degree Worth It? Or Is It Being An Entreprenuer?
EntrepreneurIdeasClub Recommends
- What Can You Do With Craigslist? (Chad Nicely)
- 7 Steps To Create A Business Blog (Chad Nicely)
Link to this post!
June 27, 2009 at 12:39 am
I think it does. There are very few entrepreneurs with truly revolutionary business ideas. Most simply enter an existing market trying to leverage a competitive advantage to gain market share.
People who invest in franchises are doing the same thing. The difference is that they are buying SYSTEMS that will increase the likelihood of their success. Also, buying into an existing brand through a franchise reduces marketing expenses that a startup would face. Being an entrepreneur myself, I would laughingly say that buying a franchise might make you a “smart entrepreneur”. It certainly reduces the risk of your business failing.
While franchisees do have some supervision from the parent company, I think the key is that they are making a personal investment in the business.
June 27, 2009 at 6:49 am
Of course.
Franchise is one of strategies for entreprenuer
June 27, 2009 at 12:00 pm
I think technically it does, BUT i think thats like having a garden and calling yourself a farmer, yes you qualify but not really to be an entreprenuer you need to throw yourself out there and let your OWN idea sink or sail
April 22, 2011 at 1:01 am
Well entrepreneur is the person who owes qualities like creativity, innovative, decision making power, etc.. In basic terms person who owes his own business is an entrepreneur, well it is true that when a person go for franchise, he is an entrepreneur.