Guest Post: What is Entrepreneurship by Yuliya Vanina

Thanks to the Coleman Entrepreneur Center at DePaul University, I had the pleasure of hosting Yuliya Vanina as a summer intern. Together, we streamlined, edited, marketed, designed, and brainstormed new ideas for my consulting business, making major progress in a number of areas. My business is a one person shop, so at the end of our time together, I was curious as to what Yuliya had taken away from this version of entrepreneurship. Here are her thoughts:

Entrepreneurship - What Is It? - Yuliya Vanina

I recently heard someone call entrepreneurship, “sexy.” I mean when you look at the positives, who wouldn’t?

  • You create your own schedule

  • You are your own boss

  • You make the rules

  • No one can fire you!

That does sound nice, who wouldn’t want that?

Though what I learned about entrepreneurship has shown to be quite the opposite.

  • Your job is basically your life

  • Weekends. What are those?

  • You live for the opportunity

  • You make incredible sacrifices

  • You stay positive even through the most difficult moments in life

Despite these characteristics, entrepreneurship comes down to 3 things in my humble opinion. Despite popular belief, I don’t think just anyone can be an entrepreneur. I think it takes a special kind of person, someone who has all the above and the following, a passion, a real work ethic, and ability to make sacrifices.  It sound like a description for any job out there but let me explain.


In entrepreneurship this is probably the leading characteristic. Entrepreneurs cry over the love they have for what they do, they live it and breathe it, and I believe that this passion needs to be so strong that it over rules everything else in order to fuel a leading business.

Work Ethic

This isn’t a 9 to 5. This is a 9 to whenever you are done, and maybe even an all-nighter. Despite the fact that most entrepreneurs are awful at time management, they are persistent and determined. They first have the passion and secondly a deep rooted desire to get shit done, that in return fuels their work.


The first two are important, but this last one is necessary. To be an entrepreneur you have to make sacrifices, both financially and personally. Your love life will suffer, and so will your wallet, but it is all for a greater good. The hardest part is managing it all. I honestly think starting entrepreneurs have more grey hairs than CEO’s, but whose counting, right?

I think it’s a hard job being an entrepreneur; it is both challenging and fulfilling. When you see what you have created with your own hands that is one of the few most rewarding feelings in life. It isn’t sexy, but it sure is rewarding.