Introduction to Entrepreneurship
Entrepreneurship is art or procedure to initiate a new business. Entrepreneurship is a risk to make a new product or give 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 his or her mind to give ideas to develop new business.
With his or her creative mind, he or she generally introduced something new in the market to grow up business and attract people towards his or her service or product.
The entrepreneur will be with a vision and ambition of himself or herself to be successful and to achieve what he or she wants to.
History of Entrepreneur
The Franco-Irish economist Richard Cantillon created the word ‘Entrepreneur’. Before his death 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 the career of an entrepreneur, 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 businesses developed 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 from his childhood. He with the help of his grandfather developed his business.
He started the development of two car companies including Ford Mustang and Pinto cars. His business gave him so much revenue that he was included in young businessmen.
He once joined politics but later he thought that he should enhance his career in business, not in 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 of creating the largest RV chain.
At last, Lee Iacocca helped him to set up Holiday RV Superstores. Later, he ended up 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.
His company later collaborated with another company known as Camping World and as well as Good Sam Enterprises after some time.
After becoming CEO of Camping World he sponsored John Andretti a driver and initiated to collaborate with NASCAR. He later took responsibility to take over the charge of the NASCAR East Series in the next year.
He appeared in a television show ‘The Profit’ in which he helped the small businessmen to grow up their businesses and also invest in their businesses. In return, he will have to own some portion of the company.
He has helped different companies including ‘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 as ‘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.