I don’t know how general this is or how every other person sees it but I feel it needs to be addressed. I see people referring to entrepreneurs as hustlers and the other way round. I’m an entrepreneur and will surely feel disrespected being called a hustler. According to Oxford online dictionary, an entrepreneur is defined as a person who sets up a business or businesses, taking on financial risks in the hope of making profit. A hustler on the other hand is defined as a person adept at aggressive selling or illicit dealings. For years now, the two words (entrepreneur and hustler) have been used interchangeably, most times wrongly. Their definitions clearly does justice to the differences between both words but this article aims at expatiating on their differences. 1. Mission statement: This is a statement of the purpose of a company, organization or person, its reason for its existence. For an entrepreneur, the purpose of his actions and activities is to give solutions to economics problems. Legitimately providing goods and services efficiently with the aim of making and maximizing profit. A hustler on the other hand is not consciously trying to provide solutions to economic problems. He’s just after making money, not necessarily through the provision of goods and services and not always legitimately. 2. Source of Motivation: What is the major driving force behind and entrepreneur and a hustler? What’s their major source of motivation? The major source of motivation for most entrepreneurs is passion and for some others, freedom. The need to be self sufficient and control the odds. The major driving force for a hustler is money and for others, more money. How they get it isn’t so important. 3. Legitimacy: One major feature of entrepreneurs is their legitimacy. Their activities are always within the confines of the law. An entrepreneur understands the implications of whatever illegal actions he might be considering and the negative impact such actions will have on his business, its goodwill and his reputation. A hustler on the other hand has little or no regards for the law. This was clearly stated in its definition- illicit dealings. He’ll do whatever it takes to get money, legally or illegally. This doesn’t mean all hustlers are not law abiding but none of them will turn down an illegal offer to make some quick cash, that’s the essence of hustling. 4. Ultimate Goal: The ultimate goal of an entrepreneur is fulfillment and success, which are most times accompanied by wealth. The ultimate goal of a hustler on the other hand is to live the good life, live big and amass wealth even if it’s at the expense of others. Yes there are entrepreneurs who are extravagant spenders, but it’s most times a means to an end, an indirect form of investment. In conclusion, not all entrepreneurs are a 100% decent and not all hustlers are criminals. It’s just a thing of concern when internet fraudsters are referred to as entrepreneurs and a honest highway gala seller is called a hustler. I’m a graphic designer and I’m an entrepreneur, what are you?
Posted on: Mon, 03 Nov 2014 01:39:18 +0000
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