"while it's true that entrepreneurship has customers that are important to sustaining the business, "
Wherever the significance, the only thing to keep the business a float is the dollar. It's not like it's one of things. This is the "make it or break it " of a business.
"the core ideals can be for yourself, especially since most business are for profit."
The main thing is the profit if you're in business for nothing else. The end result is profit. If any business owner has too little to none, they're done son. Whatever ideals they had, went down the drain with their failing business.
" Businesses are a give and take relationship, similar to a friendship or partnership, where both yourself and the other person can be equally important. "
Sure, in the game of business, it's the supply and demand. I have to have a supply that's important to have it be in demand to somebody. Right there I'm answering to the market place. It's whatever the market is calling for that's important. I can choose what I want to sell and think I answer to what I want to sell, but I'd be mistaken. If I want to be successful, the final answer comes from the market. They decide whether they buy what I'm selling in order for me to get a living out of my business.
The employee is important to the employer or else why have the employee?
The employer is important to the employee. How else would the employee be employed without the employer?
It doesn't change the arrangement that the agreement is of the employee being under dictation/being given orders by the employer during employment.
"So Entrepreneurship is about yourself, but it isn't only about yourself. "
When we're talking money, getting it from others, that's what it'll always be about.
It's 100 percent about the customer.
I can have an idea, something I like but is it marketable?
If it was about myself, I wouldn't worry about it being marketable.
A lot of times, I can't even go into a business just because I like it. It's all about what's current at the time. If it happens to be nothing of a passion of mine but I know it will sell, it pays the bills, am I just going to settle being broke or will I hop on the financial opportunity?
It's the consumer that has the last say.
"You can still personally decide for example, whether to sell clothes or computers, your production methods, your salaries, so on and so forth. "
Your decisions are based on the market. If computers are more in demand, what are you going to do?
You follow and answer to the consumer demand. That will dictate your production line, how much your profit will be as the consumers decide how much they'll buy from you among the competition too. Don't forget about comparing and bargaining. That's another factor in folks deciding to buy from you. You can't decide for them.
"Just because ultimately you want to fulfill people's wants does not mean you don't look for your wants either. "
Do you want a successful business? What about a multi-million dollar organization?
You better realize who is really in charge of that.
Those should be your wants.
"And if the people are unreasonable you can always go for a specific audience."
As long as you find a market. See there's only a market based on people deciding to buy from you. They have the say in what they buy. This is not coercion or having a guaranteed sellable product.
That particular niche is not something you dictate to or make up yourself. It has to already be existing there or blooming all outside of you. If it's not there, you're out of luck. You have an idea that's yours sure but hope there is a market for it to work.
"For instance, maybe you want some very luxurious cars that shut out low wage workers. And that's fine. There are many cars that would bankrupt and average person ($200,000 dollar worth basis, plus gas and repairs...). But so long as someone can support your business, then you can be satisfied. "
Exactly so as long as ****someone **** not you but needing ***someone else**** to support the business, well you'll be in business.
"So you see that Entrepreneurship does actually mean being about yourself (the business owners)."
What does "being about yourself" mean in this context when you say it ?
"Otherwise you wouldn't be doing something you love, and very few people are selfless enough to solely work for other people's gain."
You can't always look for what you love to do. The main situation is getting a dollar. Either way, you're in business for the customer. No customer, no business. No customer, no business but I can love what I do all day long. No customer base for it, no business. I may not love it but with no customers, no business anyway.
I despise drug dealing but it sells in my neighborhood. That's why it's profitable from week to week, "paid in full". Some kind of movie by the way.
You say very few are selfless but those few would be in business based on the market they found. Also a profit is a gain. People have a need or want, you supply it. People supply you with profit. This is the highest want or need of all to a business owner seeking it.
One thing to really get straight is that both sides, the owner, customer have a need . Just like an employer and employee.
The business owner perceive to be their own boss because of being a self starter. Like I as an employee perceive to be my own boss because I have power over accepting or rejecting a job. Just like the business owner's business is based on customer choice, dictating the market, me having a job with conditions is dictated by a company/ceo .
The business owner and employee would have to align their "bossmanship" if you will, with the dictatorship. Otherwise , nobody will remain in business.
So being a ceo , you only remain one based on consumer volume. That's what a lot of those executive meetings are about. They discuss profit margins, productivity, sale numbers, demand, growth, etc.
They're talking about market strategies as they're looking to remain a successful business.
It's not a give and take. It's a give and accept or reject. As only one side can dictate.
Considering the point of business is to fulfill a demand... I guess I agree with Mall here.
I'll bite the bullet. There's some interesting ideas to be made about the con side.
Looks like there is no dispute about this. Ok we're in agreement.
I guess I'm right sometimes.
Right, no dispute about what a business starter is. No problem there. But to who or whom says you're in business or you're out of business?
The perception of being a business owner is that you're the boss. You are the boss that can't dictate against shutting down shop, closing your doors when the market says so.
ok, this one is more interesting, however Investopedia says "An entrepreneur is an individual who creates a new business, bearing most of the risks and enjoying most of the rewards". A better premise would be, "sustaining a business does not mainly rely on the creator(s) wants and needs"