This is the transcript for the video The most misunderstood word – entrepreneurship

I think entrepreneurship is probably the most misunderstood word that I’ve known.

I’m going to spend a couple of minutes telling you what I think it really is and what I think it really isn’t. I’m Murray Hurps, Director of Entrepreneurship for UTS. It’s been 20 years being an entrepreneur and seven years helping thousands of people to start and grow companies.  

And to me, entrepreneurship is just deciding what you work on for yourself instead of being told what to work on for someone else. 

Entrepreneurship allows you to have the impact that you want to have on the 

world in the way that you want to have it. 

Just solve a problem that you understand for people that you understand and you’re an entrepreneur. That’s it, it doesn’t need to be more complicated than that. 

Entrepreneurship doesn’t need special skills, you’ll be able to develop skills over time. It doesn’t need genius ideas as long as you know the problem that 

you’re solving. 

It doesn’t need you tknow all the answers as long as you’re experimenting and testing, you’ll figure them out over time. It doesn’t need you to take a big risk, you can start small and grow. It doesn’t need money. 

Entrepreneurs, I find are wonderful at using what they have to do what they need to do.  

And most of all entrepreneurship is not just for certain kinds of people, I think everyone is able to be an entrepreneur and everyone has the potential to become a wonderful one. 

I think, really, entrepreneurship is misunderstood, people think it’s a complicated thing or a hard thing or something for only certain kinds of people, and they’re wrong. 

It’s not those things, entrepreneurship for me is a liberating thing that allows people to 

have the impact they want to have on the world and everyone needs to be thinking about it as something simple and meaningful that they can do.  

So, my question for you is, do you want to decide what you do for yourself instead of being told what to do for someone else?