I believe that being Entrepreneur is an American dream; who would not want to choose their own hours and have a successful business that they could leave behind as a legacy? I also believe that they are very few people that have the skills and qualities to be successful at achieving entrepreneurship; this is partly due to many Entrepreneurs lacking the skills to build around their vision. I thinks that’s why some people believe that entrepreneurs are born and not made, for it is indicated in our assigned reading Entrepreneurship 8th Edition, that the working definition of acquiring and maintain Entrepreneurship is described as ““Entrepreneurship being in the process of creating something new with value by devoting the necessary time and effort; assuming the accompanying financial, psychic, and social risks and un- certainties; and receiving the resulting rewards of monetary and personal satisfaction.” (Hirsch Robert D., 2009).
I consider myself to have been a born entrepreneur but lack the skills to follow through with the focus, time, energy, creative and the necessary resources. As one can tell I began my journey naive thinking the vision and effort was enough to reach the American Dream. Another major lesson I quickly learned that I worked harder and committed longer hours for myself then I had, when working on a job. This was totally opposite of what I envision Entrepreneurship to be. Never the less, it was all an experience that I found rewarding and stressful for a short period of time.
When finding a successful entrepreneur to write about, I wanted to choose someone that I could possible identify with. The person I found in Pro quest to be most interesting was a female name Lisa Price....
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...ccess. Lisa found a need and the community and stuck by it.
The most important part of this Bio that I would like to take with me and give to others is that empowerment comes from within through confidence, faith , strength , creativity and resources.
References
Hisrich Robert D., P. M. (2009). Entrepreneurship 8th Edition. New York, NY 10020-1095, ISBN−10: 0−39−012345−5 ISBN−13: 978−0−39−012345−9: The McGraw−Hill Companies, Inc. All rights reserved. Printed in the United States of America.
AT CAROL'S DAUGHTER, THE FAMILY CONTINUES TO GROW
Julie Naughton. WWD. New York: Jul 27, 2007. Vol. 194, Iss. 19; pg. 5
http://proquest.umi.com/pqdweb?did=1319640141&sid=2&Fmt=3&clientId=74379&RQT=309&VName=PQD
Memo to Self: Don't Take It Personally; [Question]
New York Times. (Late Edition (East Coast)). New York, N.Y.: Aug 22, 2010. pg. BU.2
An entrepreneur is an individual who is willing to develop, manage and organize an enterprise with the aim of profit making along with the risks involved. The word entrepreneur has its origin from the French word ‘entrepreneurs’ which means ‘to undertake’. In the business context entrepreneurship is the act of starting a business with the aim of making profits. According to Baumol et al.,. 2008, there are different types of entrepreneurs. Innovative entrepreneurs bring new products and services in the market and use new marketing techniques. On the other hand, replicative entrepreneurs bring new selling propositions to an existing market. Many capitalist societies encourage their citizens to start their own businesses to boost individual, as
Globally, it is felt that entrepreneurship emerged as a progressive and developmental idea for the world of business, Scott (1986). Hence it is in the consideration that entrepreneurship is the vital ingredient not for the current era of globalization only, but also for the future potential performers for creating diverse opportunities, Mita (2002). Entrepreneurs are identified as creator, innovator
Entrepreneurship is a powerful combination of imagination, enthusiasm, vigour, passion, excitement, insight, assertiveness, and hard work which enables great ideas to become more than just a dream but a reality (Bessant and Tidd 2011, p. 10). Bessant and Tidd (2011, p. 11) suggests entrepreneurship is a human characteristic which combines structure with passion, planning with vision, tools with the wisdom to use them, strategy with the energy to execute it and judgement with the propensity to take risks, and the new start up venture in which the lone entrepreneur takes a calculated risk to bring something new into the world.
In Webster’s dictionary, the simple definition of an entrepreneur is defined as a person who starts a business and is willing to risk loss in order to make money. The full definition uses words of deeper meaning such as, organizes, manages, and assumes the risk of a business or enterprise. An entrepreneur sees the finish line before the race begins. In this paper I cover the major aspects of becoming an entrepreneur. Some of the ideas expressed have been research, applied, worked, and failed in my own entrepreneurial journey. Individuals with more balanced skill sets are more likely to become entrepreneurs. People usually refer to this type of person as a “jack of all trades.” They can do many different types of work but they aren’t necessarily
In the United States, approximately one in eight adults are self-employed. In their minds exists a one common dream. This is the entrepreneurial dream of self-employment. It is the freedom to start, grow, and cash in a new business. Most of the extravagant millionaires of today build up their wealth in this way. An entrepreneur is someone who has the ability to build and develop his own business. In today's fast paced world of business, many people chose to work for themselves. A career as an entrepreneur is a risky, yet personally rewarding endeavor.
Like I said, I grew up in a family of successful entrepreneurs. I grew up always wanted to be like my father. I felt as if I had a knack for business and here I am today.
When embarking on a new venture, managing and existing business or trying to increase the success of a company, it is important to be aware that entrepreneurships not just about being innovative and taking chances.
Owning and operating a business is by no means an easy task. If it were easy, everyone would be doing it. However, even with all the challenges presented to a potential business owner, it is passion that fuels so many people to face and overcome these difficulties. With creativity and determination, entrepreneurs can beat high failure rates, provide benefits to their employees, and obtain funding to steer their businesses in the right direction. Business owners can find hope and inspiration in the numerous success stories that span back even beyond our founding fathers. Entrepreneurs hold in their hands the American Dream, but must dedicate themselves, and find creative solutions to difficult challenges to achieve long lasting success.
Reading from an academic abstract, titled 'Entrepreneurship: owing your future ', dialogues about the tools and implements needed to become a successful entrepreneur. The book gives an introduction of entrepreneurship and defines it as: "Someone who creates and runs a business", (Mariotti, 2016, p5).
Many people dream of becoming entrepreneurs someday. But it made me realize that there other factors that needs to be taken into consideration. We need to ask ourselves are we ready to take the challenge to the outside world. Not everyone have the vision, innovation and creativity to become an entrepreneur. The individual must have a positive attitude and accept the responsibility, have discipline to meet their goals, and take action when the opportunity presents itself. Many prefer a job security and rely on a weekly paycheck, while entrepreneurs will take risks and doesn 't have that luxury to know the amount of their income.
Predominantly we set ourselves up for failure the moment we stop believing in our own potential, and the aspirations to follow our dreams. The idea of failure is so daunting, that we often create excuses to avoid failure, or find ourselves hesitating to focus on our desired dreams. Most people that do not reach their dream, it is not because of failure. But because most people don't fully live their dream because they give up.
Entrepreneurship is an important aspect of social, economic and community life. It can be viewed as a critical factor to economic growth as well as a way of addressing unemployment (Nolan, 2003).Entrepreneurs are people who are persistently focused on identifying opportunities, they seek to create something worthwhile while taking into account foreseeable risk and rewards associated with the efforts (Nolan, 2003). Furthermore, entrepreneurs are frequently understood to be individuals who discover market needs and establish new business to meet those identified opportunities. The following assignment will firstly discuss the types of entrepreneurship, secondly it will discuss the reasons people become entrepreneurs, and thirdly it will discuss the importance of entrepreneurship.
In regards to successful entrepreneurs, Karsten Strauss wrote, “Entrepreneurs have a greater capacity for pain and discomfort than most. They can stay up later, work longer hours, stay more focused and, somehow, are able to set so much aside in deference to their dreams and visions. But there’s so much more that sets them apart.” Successful entrepreneurs are distinctly different but all have a parallel set of personal attributes. Each personal characteristic is a key to the overall success of an entrepreneur. The core traits an entrepreneur must display are passion, persistence, integrity, flexibility, curiosity, and ability to network. These core values must be inherently inside an entrepreneur if they plan to succeed. Education can enhance
Being an entrepreneur, is advanced citizenship, you have to want it real bad. Entrepreneur is not entitlement. Being an entrepreneur is a life commitment. Like in the movie Wall Street, a famous line was "You can 't be a little bit pregnant." The fact is you can 't be an on again, off again entrepreneur.
Most successful entrepreneurs are have a passion for their product or service as well as a desire to solve a problem and make life easier, better, cheaper (10 Qualities of successful entrepreneurs, 2010). Their desire to be an entrepreneur is mostly due to in internal factor rather than an external such as money.