Joe PolishFounder of Genius Network and President of Piranha Marketing

The real meaning of Entrepreneurship.

24 Sept 2023 · 1 min

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Joe Polish defines entrepreneurship by citing an early (1804) usage of the word attributed to "John Baptiste," describing an entrepreneur as someone who moves resources from lower-yield/productivity contexts to higher-yield/productivity contexts. He expands the definition beyond invention (example: chainsaw vs axe) to include raising people's thinking or capabilities. He asserts that nearly all world problems can and will be solved through entrepreneurship.

Questions this video answers

1804

John Baptiste (described as a French guy)

Chapters

Yeah. The first recorded use of the word entrepreneur was in 1804 from John Baptiste, French guy. And he said, as an individual, that takes resources from a lower yield to a higher yield. Resources from a lower level of productivity to a higher level of productivity. So a lot of people will think of an entrepreneur as there's an axe and someone invents a chainsaw to chop down a tree. But when you can take someone's thinking from one level to a higher level, that's entrepreneurship. And so anything in terms of capabilities or skills or whenever, you're just improving it, that's entrepreneurship. And I think almost all world problems can be solved through and will be solved, and some only can be solved through entrepreneurship. 100%. Yeah.