Preview
Preview

Essay on Entrepreneurship - Starting Your Own Business

No Works Cited
Length: 1194 words (3.4 double-spaced pages)
Rating: Purple      
Open Document
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -

Entrepreneurship defined by Jeff Cornwall at Belmont University is, “A process of identifying, evaluating, seizing an opportunity and bringing together the resources necessary for success.” (www.belmont.edu) There are a wide variety of risks when it comes to starting and running your own business, just some of them are: under capitalization, poor management, market misjudgment, and lack of planning. Lack of planning and under capitalization go hand-in-hand because if you don’t properly plan your strategies and what you would like to do in the future of the company you are trying to start, then you aren’t going to be able to afford it. Like when someone says “Just looking!” while searching for a car, you put yourself in a weaker position because the map of your business is not completely laid out yet. How can you budget money, which you will most likely not have, if you don’t fully understand how much it could cost? As you can now see, this is a bad idea. If you do get your business up and going then it comes time to hire people, but whom? A common mistake that many early entrepreneurs make is hiring friends. More often than not, these friends will not have the right skills or even teachable personalities to learn and adapt to what the job would require of them. When we think of entrepreneurship, the obvious flow into the thought process, people and/or companies that don’t like to work for an authority, breaking the rules, making huge headway in the future market, and rolling in the cash. But the word entrepreneur, in all its variations, has become blurred in the American culture. For instance, my dad and I were watching the news and a guy who had been captured by the police and sentenced to life in prison, was described as “entrep...


... middle of paper ...


... some advantages to being a larger, more profound business are: wider varieties, more pay roll, and expansion. If we look into the cell phone industry, the Apple iPhone has what seems like a never ending number of applications that you can buy and download; but on the other hand, the new Motorola Droid does not have as many. Since it is a newer and less popular phone, the range of applications available to you is limited. I do not believe that it will stay this way forever but while the product is still in the process of making headway in the market and appealing to different consumers, we should expect a delay in the development of selection. People associate entrepreneurship with high profits which is not always completely true especially if you choose to stay a smaller business. When choosing a career in this area people often focus too much on making the big bucks


Click the button above to view the complete essay, speech, term paper, or research paper








This essay is 100% guaranteed.


Title Length Color Rating  
Entrepreneurship: Advice on Starting a Business Essay - The venture to be the owner of an accounting and tax service provider is not a small task, and you have realized the challenges that many experience in starting their own business. Fortunately, you have taken steps early within the life of your new business in an attempt to correct any problems and learn from past mistakes in order to be successful in the future. In our previous communications you mention that you started your own business because you wanted to work in your own community, have the flexibility of owning your own business, while also being able to make a good living, and these are all worthy motivators for a fledgling business owner....   [tags: Tips for Starting Your Own Company]
:: 4 Works Cited
3528 words
(10.1 pages)
Powerful Essays [preview]
Essay on Entrepreneurship and Success - 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 cre...   [tags: Entrepreneurship]
:: 3 Works Cited
885 words
(2.5 pages)
Good Essays [preview]
Starting Your Own Business Essays - Despite who you are, starting up a business of your own will be challenging, time consuming, and make you just want to pull your hair out. It doesn’t take much to start a business as far as jumping through hoops and requirements, but those few hoops are on fire over a pool of sharks and after taking a bath in gasoline and seal blood, you realize that it’s going to take some serious finesse to pull it off. Realistically, it does take a lot of effort to get a business going and most fail within the first few years, but it is not impossible....   [tags: entrepreneur, permits, licence]
:: 2 Works Cited
1043 words
(3 pages)
Strong Essays [preview]
The Importance of Entrepreneurship Essay - ... Small Buisiness Administration) The name of my business is Sunny Cycle. Sunny Cycle is an online store selling motorcycle helmets, sunglasses, face masks, goggles Zippo lighters, hunting equipment such as knives and flashlights. Products should be easy and inexpensive to ship to keep cost down. An online store would be a great choice for a small business. Online stores are perfect for business owners that do not have a lot of startup capital and do not want to form a Corporation. While building the business the use of drop shipping will be used....   [tags: business law, US economy]
:: 1 Works Cited
1174 words
(3.4 pages)
Strong Essays [preview]
The Readiness for Entrepreneurship Training Project Essay - The name of project is the “Readiness for Entrepreneurship (RE)”. The RE program helps the targeted people who are unemployed, and are interested in starting a business at the local level (for cities or counties). Once applicants are selected by objective criterion, the admitted applicants are eligible to get education of specific skills for six months or one year. The period of training will be depending on the area of establishment. In addition, the applicants may have financial supports after the education and interviews....   [tags: education, business, skills] 845 words
(2.4 pages)
Better Essays [preview]
My Interest in Studying Entrepreneurship Essay - The career path I chose to follow was entrepreneurship. Entrepreneurship is increasing in popularity as many more countries and organizations are trying to get their youth engaged at an early age with entrepreneurship with the express purpose of ensuring that innovation and entrepreneurship will thrive in the future (Mark). I want to become a successful entrepreneur because it has always been a dream of mine to become self-employed. I believe I have the leadership, passion, courage, vision, and persistence to start my own business and be successful....   [tags: career paths and choices] 826 words
(2.4 pages)
Better Essays [preview]
Major Considerations of Entrepreneurship Essay - According to Father of Search engine, what it defines Entrepreneurship as “process of identifying and starting a business venture, sourcing and organizing the required resources and taking both the risks and rewards associated with the venture”. In my perspective, it is an experimentation of new ideas rather than plagiarizing others view. In my terms, it is best described like:  Being comfortable in taking an unconventional path.  Imagining the unimaginable ideation.  Understanding the negative aspects rather working on the already improved sides....   [tags: plan, market, experimentation] 599 words
(1.7 pages)
Good Essays [preview]
Essay about YouTube Partners: YouTube Entrepreneurship - With a crucial growth of the population there is a massive increase of job demands. Also, the typical sign that represents young adults in the 21st Century is media and technology, as they were directly influenced by its impacts since childhood. Early and mid twenty year olds seems to prefer to work in an environment that is technologically heavily supported and rich of gadgets that should make their work more efficient and effective. Therefore, any job in this field has become extremely attractive....   [tags: Career Essays]
:: 8 Works Cited
1789 words
(5.1 pages)
Better Essays [preview]
How To Start A Business Essay - In this report, I will discuss what it takes to own your own business and what factors go into it. My overall dream some day is to own my own business and with this comes a great deal of responsibility. I will help you understand what you can to do to become a successful business owner. Finding a consistent well paying job has been getting harder and harder in recent years. A number of new and great business opportunities are available to the public. These opportunities only cash in if you run a well rounded business plan....   [tags: Process Entrepreneurship Business] 1862 words
(5.3 pages)
Powerful Essays [preview]
Essay about Entrepreneurship - Describe the term Entrepreneurship and the challenges of starting a small business Entrepreneurship is the dream of a lifetime for most individuals. The idea of being in control on one's financial future by establishing, owning, and operating their own business has driven most individuals in the direction of Sole Proprietorships. Most plunge in looking at the advantage and over looking the disadvantage and challenges of Sole Proprietorships. This first challenge that one might face on the road to Entrepreneurship is raising the necessary funds to finance their business....   [tags: essays research papers] 1573 words
(4.5 pages)
Strong Essays [preview]