On Day 5 of my job, I was auditing the class after I distributed the handouts.  Tarragon was teaching that day, and she surprised me when she asked me to give my example of an entrepreneur.  I’m  just an Intern at the Institute, didn’t think this is part of my job description.

I told the story of my high school computer whiz friend Johnny  who developed some Calculus programs on the Texas Instrument programmer calculator.  He gave a copy to his friend Ryan.  Unknown to Johnny,  Ryan started selling this program for $50 a pop to students who are having a hard time with homework.  I told Johnny what happened and advised that he must ask Ryan for royalty payments.  So I told the class, Ryan is the entrepreneur, Johnny is the worker, and I am the consultant.

I concluded that “The entrepreneur does not have to be the one with the know-how, he must recognize an opportunity and capitalize on it”.

I went on to say that when I was a kid, I set up a lemonade stand outside of my Dad’s office, the Pepsi truck, the UPS truck, and the office workers all bought lemonade from me.  After all, I am their boss’ daughter.  So, I too capitalized on an opportunity.  I later sold Avon when I was a teenager. Hurrah!  Perhaps I am a natural born entrepreneur.

Whew!  I am going to speak to Tara after class, let her know that I am on Zombie mode when I’m auditing, and any impromptu questions like this can give me a panic attack.

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Filed under: Entrepreneurship 101