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Integrated Knowledge-Based Analyses of Socio-Economic Issues

Report Catalogue Data

  Report Class   General Public Report
  Analysis Type   The Entrepreneur
  Issue Category   New Venture Development
  Publish Date   04_21_2008
  Last Update  
  Reference Code   GPR-TE.NVD.ME-20080421-RMS

Mind of the Entrepreneur
Rationalizing the Mind-set


The entrepreneur is very simply put a dreamer who makes every effort to make manifest his dream. However, quite unlike the everyday dreamer, the entrepreneur's dream is the making of a corporation or more accurately the creation of assets. The entrepreneur therefore dreams of becoming an asset owner through the creation of assets. However, the dream by which the entrepreneur aims to create this asset is usually based on the recognition of patterns that are not obvious to most others, coupled with the long-term financial gains that comes about upon the realization of the vision. In this regard and only in this regard is the entrepreneur often referred to as a Visionary.

In effect then the entrepreneur does not only envision non-obvious patterns, but rather the entrepreneur envisions patterns that have a level of commercial viability upon making manifest the vision, or means of assets creation. Inferentially, the admission that the manifestation of the vision has commercial viability implies that the product of making manifest the vision is of utility to participants of a segment of one market in the least. 

Yet admittedly the entrepreneur is neither driven merely by the anticipation of the vast riches that should obtain upon the realization of the vision, nor of an overwhelming desire to cause to obtain a product of some utility to mankind. For the most part, the vast riches is merely a symptom of the actual driver of the entrepreneur: The sense of self-fulfillment on having made manifest a concept. The vast riches therefore is unabashedly received by the entrepreneur as simply one of the results of this self-fulfillment. In some sense then an entrepreneur as with every human being is driven by the need to immortalize self, by the footprints left behind.

Philosophically then the entrepreneur to some extent must practice a blend of the convictions of a tinge of Objectivism and any other philosophical school of thought. The desire to be associated with the products of the vision as having been brought to life by the entrepreneur, as constituting  footprint, may be said to be the component of Objectivism in the mind-set of the entrepreneur.


In any event as noted already, the end-product of the vision of an entrepreneur is a corporation which should qualify the entrepreneur as an asset owner. Interestingly, an asset owner in the capitalists world is anyone who owns at least 15 percent in a corporation. In effect making manifest the dream of the entrepreneur entails the Founding of Corporation.

The task of founding corporations however is very intense and involves a level of working knowledge on several subtasks. An understanding of these subtasks is very essential to a successful development of a venture. These subtasks with proper definitions can be associated one-on-one to  Strategic, Tactical, Implementation and Operational modes of thoughts. Of course these modes of thoughts are very distinctly different, being controlled by different sections of the brain, as most psychological studies have asserted. Pragmatic considerations have also readily asserts that Strategic and Tactical Thoughts are rather of cerebral and non-linear nature, while operational thoughts are more mechanical and as such of linear thoughts. The entrepreneur therefore must necessarily mentally transverse  these modes of thought, and do so with ease, in course of making manifest the vision.

In effect, the mind of the entrepreneur does not think linearly in going from the vision to the realization of the vision. This ability which is characteristic of virtually every entrepreneur also is responsible for the inability of most entrepreneurs to work for someone else. The truth of the matter is that the entrepreneur perceives of patterns that a non-entrepreneurial boss can not, often resulting in situations in which the entrepreneur appears to be a difficult employee.

 

 

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