What is entrepreneurship?
Traditionally, an entrepreneur was strictly defined as a person who organized and
managed any enterprise, especially a business, usually with considerable
initiative and risk. Today, this word has come to mean much more.
Entrepreneurship is defined by excitement, pain, hard work, anguish,
success, and most often failure. Although failure is something all
entrepreneurs must be willing to accept as a possibility, the sight and
confidence of success must never be lost. No one ever remembers the losers
names; however, the winners are never forgotten. Some of the biggest
entrepreneurial "winners", have become household names. Bill Hewlett
(Hewlett Packard), Bill Gates (Microsoft), Steven Spielberg (Dreamworks), Oprah
Winfrey (Harpo), Steve Wozniak (Apple), Sam Walton (Walmart), and Larry Page/Sergey
Brin (Google), are all great success stories, and similarly were all at one
point entrepreneurs.
Entrepreneurship has come to embody the very idea of capitalism, and is the foundation of business and opportunity in America. Capitalism is the idea that the people, or the market, will dictate which of the competing companies will succeed and which will fail based on a variety of factors including the company's innovations, efficiency, and overall business plan. Most often, a start-up (a company started by an Entrepreneur) comes to be when a person (the Entrepreneur) either has an original idea, or a tweak idea that either solves previous problems, or improves upon existing solutions to solve a problem. However, as many of you are aware of by now, money does not grow on trees (or at least not yet), and it can be difficult to get the money necessary to develop an entrepreneur's idea. Enter venture capitalists. Venture capitalists are groups of people with the money these entrepreneurs require to get their ideas rolling. Entrepreneurs appeal to these people in hopes of exchanging their intellectual property for cold hard capital (cash, dinero, scrilla, moola, that green stuff). Since they have the money, these venture capitalists are smart, most often ruthless individuals, equipped with the tools, and brain power to not only sniff out the (hopefully) successful ideas, but also raise them from infancy, to a point where their said success can be seen as a positive sign with a couples 0's tacked on, in the profit margin. Back to the idea of capitalism. Entrepreneurs are the life blood of society because they are constantly keeping the market on its heels, and pushing the envelope ever forward into the unknown to improve upon or solve problems we all deal with on a day to day basis.
Today, entrepreneurs and their start-ups can be found in every market imaginable, and then some probably not-so-imaginable. One of the most interesting markets, in which entrepreneurs scuffle around the metaphorical canopy floor, is the healthcare industry. Everybody gets sick, and everybody dies; those are two things that all humans deal with at some point in their life. Thus, finding new ways to prevent, shorten, cure, or prolong these two things is advantageous in both a lifestyle, and business perspective. It is innovations in the healthcare world, fueled by scientific discoveries and promising outcomes, that not only draws the eyes of huge investment banks and multi-billion dollar companies, but specifically the eyes of two aspiring entrepreneurs stumbling blindly through the fogs of the unknown.
This website was created by these two individuals in order to accompany a semester long insight into entrepreneurship as a whole, and more specifically, how it encompasses all aspects of the healthcare industry. Please indulge your thirst for knowledge and check out what we have to offer your inquisitive minds in our journal pages. We hope this site will brew the same lust for success and domination in the business world as it did for us.
Many thanks.
Entrepreneurship has come to embody the very idea of capitalism, and is the foundation of business and opportunity in America. Capitalism is the idea that the people, or the market, will dictate which of the competing companies will succeed and which will fail based on a variety of factors including the company's innovations, efficiency, and overall business plan. Most often, a start-up (a company started by an Entrepreneur) comes to be when a person (the Entrepreneur) either has an original idea, or a tweak idea that either solves previous problems, or improves upon existing solutions to solve a problem. However, as many of you are aware of by now, money does not grow on trees (or at least not yet), and it can be difficult to get the money necessary to develop an entrepreneur's idea. Enter venture capitalists. Venture capitalists are groups of people with the money these entrepreneurs require to get their ideas rolling. Entrepreneurs appeal to these people in hopes of exchanging their intellectual property for cold hard capital (cash, dinero, scrilla, moola, that green stuff). Since they have the money, these venture capitalists are smart, most often ruthless individuals, equipped with the tools, and brain power to not only sniff out the (hopefully) successful ideas, but also raise them from infancy, to a point where their said success can be seen as a positive sign with a couples 0's tacked on, in the profit margin. Back to the idea of capitalism. Entrepreneurs are the life blood of society because they are constantly keeping the market on its heels, and pushing the envelope ever forward into the unknown to improve upon or solve problems we all deal with on a day to day basis.
Today, entrepreneurs and their start-ups can be found in every market imaginable, and then some probably not-so-imaginable. One of the most interesting markets, in which entrepreneurs scuffle around the metaphorical canopy floor, is the healthcare industry. Everybody gets sick, and everybody dies; those are two things that all humans deal with at some point in their life. Thus, finding new ways to prevent, shorten, cure, or prolong these two things is advantageous in both a lifestyle, and business perspective. It is innovations in the healthcare world, fueled by scientific discoveries and promising outcomes, that not only draws the eyes of huge investment banks and multi-billion dollar companies, but specifically the eyes of two aspiring entrepreneurs stumbling blindly through the fogs of the unknown.
This website was created by these two individuals in order to accompany a semester long insight into entrepreneurship as a whole, and more specifically, how it encompasses all aspects of the healthcare industry. Please indulge your thirst for knowledge and check out what we have to offer your inquisitive minds in our journal pages. We hope this site will brew the same lust for success and domination in the business world as it did for us.
Many thanks.
