The Concept of an Entrepreneurship

By Pete M. Ward


So this is me with the football…we were on another overseas company workshop and while walking along the streets of Madrid, Spain that particular evening back in 2013, I signaled my colleague to stop for a brief moment in an attempt to match my skills with perhaps one of Europe’s finest players. The calm lady looking on was a young entrepreneur making some quick cash by displaying her impressive freestyle soccer skills to the public. Incidentally, my colleague began taking photos of me (I’ve only posted a good one) so that I could look back later to have a good laugh at myself!

But back to the point, unknowing to most persons passing by, this was Entrepreneurship in motion and possibly the development of a successful business mind. What most self-made millionaires today have in common is that they all began working at building their empires early.

The term ‘entrepreneur’ is derived from a French word ‘entreprendre,’ which means ‘to undertake.’ An entrepreneur is one who undertakes to assume, organize and manage business risks. In particular, this term was used to identify any individual who started ventures that stimulated economic growth by offering better and new ways of doing things. However, in recent years, entrepreneurs have done so much more, prompting researchers to look for a broader definition of the term.

Today, an entrepreneur is a developer, an innovator who perceives and seizes opportunities and converts them into marketable and workable ideas; adds value to the ideas through skills, finance, effort and time; assumes prevailing marketplace risks to implement the ideas; and receives the rewards for all the effort. An entrepreneur is an important catalyst for change in business, an independent thinker who thinks different amid a backdrop of common events.  

Needless to say at the end of my short football session both my colleague Vinay and me donated handsomely to the basket strategically placed on the sidewalk. On that day the young lady we encountered saw a good return on her time and investment. As for me, I learnt my lesson and saw the true football skills of Europe and it rocks!



Pete Miguel Ward is a man of many talents—all of which he’s mastered to the nth degree. As a businessman, his background is in global logistics, supply chain management and production support. As an author, speaker and social media expert, Pete commands an audience of devoted followers who avidly support him in all his endeavors.