Entrepreneurship - The Driving Force Behind All Economies

Is Entrepreneurship Right For Me?

What is an Idea?

Did you know these famous people were  entrepreneurs?

Something, such as a thought or conception, that is the product of mental activity or An opinion, conviction, or principle.

The idea is the building block or seed that motivates the entrepreneur to move forward.

Entrepreneurial spirit is a mindset. It’s an attitude and approach to thinking that actively seeks out change, rather than waiting to adapt to change. It’s a mindset that embraces critical questioning, innovation, service and continuous improvement.

Key Facts on Entrepreneurship

Logan Guleff, winner of the national television show MasterChef Junior on FOX is the youngest kid to win the coveted tittle. MasterChef Junior is a premiere culinary competition that challenges kids age 8-13 and tests their culinary abilities and passion for food through a series of challenges. Out of 20,000 applicants, Logan won the tittle. Chef Gordon Ramsay, restaurateur and wine expert Joe Bastianich and acclaimed chef Graham Elliot are the Celebrity Judges.  Born and raised in Memphis, Logan Guleff is a young and up and coming “Chef”. He pushes the limits of cooking and works hard to achieve his goals Age 13. Logan has gone on to do several Charity Dinners, Countless food Demos, an Initiative for Uncle Ben's Canada, and even flexed his muscles as the ONLY KID Certified BBQ Judge for Memphis in May World Champion BBQ contest.  Other accomplishments include winning the First Kids State Dinner for the State of TN. This took him the White House where he met the First Lady and President as well as touring the famous White House Garden, Age 10. Logan made the pages of Future Chef Cookbook by Ramin Ganeshram, Age 10. The first recipe he ever created landed him in NYC and a spot on the Today Show. Logan was 8 at the time. The community rallied behind Logan and he did about 25 local food demos on live television, Age 8.  He chronicles his food adventures on his 5 year old food blog  http://orderupwithlogan.blogspot.com/ . He is a Tabelog contributing Judge and is listed as a top Memphis Blog. Hits average 6K a week


Tom Guleff
Email :   Tomguleff@gmail.com

By Matt Ehrlichman Founder and CEO, Porch

Five indicators that demonstrate that the entrepreneurial spirit is alive and thriving in someone.

1) They are in-tune with their passion.
Think of the last conversation you had with someone about something they were deeply passionate about. It doesn't matter if the subject is completely uninteresting to you, the conviction in their voice and the authentic enthusiasm they have for it is captivating. Passionate people know what it's like to dive deep into a subject and completely understand it. This is something we look for when hiring at my startup Porch.com. When people are genuinely passionate about the problems that your company is trying to solve, they will be energized by any challenge that stands in their way.

2) They are always questioning how it can be done better.
Mark Twain once said, "Whenever you find yourself on the side of the majority, it is time to pause and reflect." The average person rarely considers how ordinary things can be made better or improved--those with the entrepreneurial spirit can't help themselves. They are continually questioning why things are done the way they are and aren't afraid to go against the majority to make changes. It's impressive in an interview when a candidate has real questions for the business and suggestions and ideas on how existing product could be improved.

3) Optimistic about all possibilities
To be entrepreneurial by nature is to be optimistic. People with the entrepreneurial spirit don't spend time thinking about what they can't do, but instead ask themselves, "Why can't I?" When starting up, the odds of success are strongly against you, so you really need people are optimistic more than ever. Look for candidates that get excited by the idea of aggressive challenges and big goals. They are the ones will push the boundaries of what was once thought impossible.

4) They take calculated risks
In addition to optimism, entrepreneurs are predisposed to a high tolerance for risk. But it doesn't mean they jump blindly into action, it's instead the opposite. Those with the entrepreneurial spirit make calculated moves while understanding that there are never any guarantees of success. It's also the ability to work autonomously and be decisive. The playbook isn't always clear, so it's ideal to be able to say agile and adapt in a high degree of ambiguity.

5) Above all, they execute
I can't count how many times I've had aspiring entrepreneurs come up to me for advice on their untested ideas. My response is always to go out and act on your ideas first to get real feedback. That's because ideas are meaningless until they are acted on. Those with the entrepreneurial sprit realize that execution is everything when it comes down to success or failure. Find hire the people that have the drive to execute at all times, no matter what the circumstances.



Entrepreneurship is the process of starting a business or other organization. The entrepreneur develops a business model, acquires the human and other required resources, and is fully responsible for its success or failure.

​An entrepreneur is a person who starts a new business and usually risks their own money to start the venture. 

Curious if Entrepreneurship is for You; utilize the A.S.K. Worksheet to help you gather a greater understanding of your passion and also take the Entrepreneurial Potential Assessment

What is Entrepreneurship or being and Entrepreneur?

These 20th-century entrepreneurs changed the world - Article by The Love Money Staff.  Press below to see who those entrepreneurs are: 

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