Introduction to Entrepreneurship
Entrepreneurship is the art or procedure to initiate a new business. Entrepreneurship is a risk to make a new product or give a service in a marketplace. This word is derived from 'Entrepreneur' who we will discuss below:
Who is the Entrepreneur?
An entrepreneur is a person who uses their mind to give ideas to develop a new business.
With their creative mind, they generally introduce something new in the market to grow business and attract people to their service or product.
Entrepreneurs will have a vision and ambition of themself to be successful and achieve what they want.
History of Entrepreneur
The Franco-Irish economist Richard Cantillon created the word 'Entrepreneur'. Before he died in 1734, he wrote a book on an entrepreneur but unfortunately was not published till 1755.
In the nineteenth century, Jean-Baptiste said that entrepreneurs are the most important persons for a country to grow its economy.
If we have to discuss an entrepreneur's career, we may discuss Marcus Lemonis' achievements and his net worth earning through his career.
Marcus Lemonis' Career
Marcus Lemonis is an American businessman by profession and also an investor and television personality living in Beirut, Lebanon. He became an entrepreneur with the help of his grandfather's leadership.
He is also a helping person to small and troubled businesses. Many troubled developed companies with the help of Marcus Lemonis.
Marcus Lemonis started his career with the help of his grandfather Anthony Abraham who owned two car dealerships. He started the business of automobiles in his childhood. He, with the help of his grandfather, developed his business.
He started developing two car companies, including the Ford Mustang and Pinto cars. His business gave him so much revenue that he was included among young businesspeople.
He once joined politics, but later, he thought he should enhance his business career, not politics. So he became an acute entrepreneur.
After that, Marcus Lemonis, with the help of his friend Lee Iacocca made a plan to start a business to create the largest RV chain.
At last, Lee Iacocca helped him to set up Holiday RV Superstores. Later, he ended up in the business after two years, from 2001 to 2003.
Marcus Lemonis developed his own company in 2004, named 'FreedomRoads', and he started acquiring RV dealerships.
After some time, his company later collaborated with other companies known as Camping World and Good Sam Enterprises.
After becoming CEO of Camping World, he sponsored John Andretti, a driver, and initiated collaboration with NASCAR. He later took responsibility for taking over the charge of the NASCAR East Series in the next year.
He appeared in a television show, 'The Profit', where he helped small businessmen grow their businesses and invest in them. In return, he will have to own some portion of the company.
He has helped companies such as 'Standard Burger', '1-800-Car Wash', 'Eco-Me', 'Amazing Grapes', and 'Athans Motors'.
He was included in the names of the persons who have saved many businesses, and he was named 'Newsmaker of the Year' by RV Business Magazine.
The current net worth of Marcus Lemonis is $900 million, which he earned through his career to be an acute entrepreneur and an investor.