Entrepreneurship Doesn't Have To Be Complicated As You Might Think

20 Mar 2026 #misc

Years ago, I thought entrepreneurship was nothing but risk.

I once thought running a business was crazy: registering a company, hiring employees, waiting for clients to pay… Being an employee was better. A monthly paycheck was safer. I couldn’t have been more wrong! I was young and naive. I had to be fired only once to change my mind.

Recently, to debunk all myths about entrepreneurship, I’ve stumbled upon two simple definitions—I’m paraphrasing them to practice the 7-word summary:

#1. Solving problems

From Purpose and Profit by Dan Koe, entrepreneurship is solving your own problems and distributing your solutions to others.

You don’t need to stare at the ceiling waiting for the perfect idea. If you have solved one of your own problems (losing weight or overcoming burnout, for example), you can share what you did and make some profit.

#2. Making extra money

Recently, during my feed-free week, I picked up Financial Freedom by Grant Sabatier. Apart from early-retirement tactics, his definition of entrepreneurship resonated. He says entrepreneurship is simply finding other income sources.

You don’t need the LLC, employees, or fancy systems from a business coach, but to make money on the side. As simple as that. Of course, he advocates investing that extra money so you can retire before your 60s.

With those two definitions, entrepreneurship feels less intimidating. Maybe you’re already an entrepreneur without realizing it.