To What Extent Do Entrepreneurs Actually Solve Problems vs. Creating New Ones?

Entrepreneurs always create new problems.

It might be said, that’s the distinguishing characteristic of “entrepreneur” vs. other new-business leader titles.

Jean Baptiste Say (who coined the term) pointed out that it was entrepreneurs who sought out inefficient uses of resources and capital and moved them into more productive, higher yield areas. Entrepreneurs seek opportunities for profit and, by doing so, create new markets and fresh opportunities.

So Entrepreneur isn’t a job title, it’s a personality trait. A startup founder might be entrepreneurial; frankly too though, they might not be an entrepreneur.

Any job could be occupied by an entrepreneur.

The distinction is: create *new* markets and opportunities. 
Being distinctly new, one could note that that means they are always, by way doing so, creating new problems.

Right? They address problems in the course of their work, but since they are creating new markets, new problems will always arise: funding that, staffing that, training for that, regulating that, etc.

It’s the subsequent developments/new businesses that then tackle those created problems.

Ventures subsequent to the first, in the same vein, work to address problems created by the new market established by the entrepreneur.

Creating new markets will always result in new problems.

Thus, what marks the entrepreneur from a founder, business owner, etc. is that they are always creating new problems. The mere new business, not run by an entrepreneur, addressing the problems the entrepreneur created, typically doesn’t create any new problems; they apply a now known model, process, etc. to doing what their predecessor did, so as to profit in the new market.  They’re addressing existing problems more effectively or efficiently.

How did you like this article?0000