Job Description of an Internet Entrepreneur

An Internet entrepreneur is a business person who organizes funding and talent to create an online business, with the hope that this investment of labor and capital will eventually return a profit.

Responsibilities

Responsibilities of an Internet entrepreneur vary widely based on the nature of the venture and the organizational elements in place. Generally, Internet entrepreneurs conceive or develop the business concept, locate sources of funding, hire employees to build and maintain business operations, and do whatever they can to establish and grow the business.

Requirements

No formal academic training is required of Internet entrepreneurs, though many have education backgrounds in business, marketing and computer science.

Other Demands

Generally, successful Internet entrepreneurs must have a keen business sense, an understanding of web technologies, and intimate knowledge of the venture's target clientele or audience.

Risk

Some online entrepreneurial ventures succeed, but many fail. However, due to the increase of open source technology and of other tools of digital production, the financial risk once associated with these ventures is significantly lower.

Compensation

Compensation for Internet entrepreneurs depends on the success, size and industry of the entrepreneurial venture. Often, Internet entrepreneurs are engaged in numerous projects simultaneously, providing multiple streams of income.

References

• Digital Entrepreneur: A Guide for Internet Entrepreneurs
• Small Business Trends: Start-up Failure Rates