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Entrepreneurship as a career option
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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.
The corporate landscape is ever-changing, presenting new challenges for entrepreneurs (Hanna, 2012). According to Lisa Mitchell, Vice President of advancing innovation for the Ewing Marion Kauffman Foundation, global is the biggest trend. Companies are starting out global instead of the traditional way of starting local, then starting in your region, then going to your country. Also, women entering the career field of self-employment and small business ownership have also been increasing. It is believed that women have been pushed into self-employment by the promise of independence, flexibility and the opportunity to escape barriers in paid employment. Over the past two decades, the number of self-employed women has nearly tripled and they now account for over one-third of all self-employed workers (Statistics Canada, 1997).
Your salary is one of the important things you have taken notice in while having a career in entrepreneurship. You need to know how and the different ways to pay yourself. You need to pay yourself enough to get by. Take out enough money for what you need, not of what you want. What that being said, there are several factors, such as legal form of operation an...
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...aid of failure. Lastly, they are able to find a balance between family and work life and have a strong support system in their family members.
References
Mark, M. (n.d) Entrepreneurship as career option [Web log message]. Retrieved from http://www.entrepreneurship.org/en/Blogs/Policy-Forum-Blog/2010/March/Entrepreneurship-as-Career-Option.aspx
Hanna, J. (2012, March 09). World and women: current entrepreneurial trends and their challenges. Retrieved from http://www.sbnonline.com/2012/03/world-and-women-current-entreprneuerial-trends-and-their-challenges/
Hughes, K. D. (2003). Pushed or Pulled? Women's Entry into Self-Employment and Small Business Ownership. Gender, Work & Organization, 10(4), 433-454. doi:10.1111/1468-0432.00205
Paying yourself: From startup and beyond. (2011). Retrieved from http://www.entrepreneur.com/article/80024
Barsh, Joanna and Yee, Lareina. Unlocking the Full Potential of Women in the US Economy. McKinsey & Company. Accessed April 4, 2014.
... and women-owned as well as businesses in rural areas, have been among the hardest hit by the recent economic downturn
One of the finest think tank of the planet, Harvard Business School recently came up with dozens of open access working papers and research essays addressing the theme of “Gender and Work: Challenging Conventional Wisdom” held between February 28 - March 1, 2013. Another leading organization International Monetary Fund (IMF) published a report titled as “Women, Work, and the Economy: Macroeconomic Gains from Gender Equity” where the researcher have discussed the specific macro-critical aspects of women’s participation in the labor market and the constraints that prevent women from developing their full economic potential. (Katrin Elborgh-Woytek, 2013)
Tan, Justin. “Breaking the ‘Bamboo Curtain’ and the “Glass Ceiling”: The Experience of Women Entrepreneurs in High-Tech Industries in an Emerging Market.” Journal of Business Ethics 80.3 (2008): 547-564. Web. Jstor 4 March 2014.
...men to come into the industry. The 1960s and 70s, famous for their war and the forward thinking ‘hippies’ along side the ‘perfect housewives’, shattered the glass ceiling in many male dominated occupations (Gender Equality as Contingent, Modernities as Multiple). The success of those decades, however, did not create total equality in the workforce for women. At the pace that the woman versus men pay rate has been equalizing it could still take another fifty years for total equality (Still A Man’s Labor Market).
National Women's Business Councel. (2012). Women Owned Firms in the U.S.: A Review of Important Areas of 2007 U.S. Census Bureau's Survey of Business Owners. Washington, D.C.: UNCF Special Programs Corporation.
Paludi, Michele A. Women at Work: Challenges and Solutions for Our Female Workforce. Vol. 3. Self, Family, and Social Affects. Westport: Praeger, 2008. 1-5. Print. 3 vols.
Ellison, Jesse. "The 2011 Global Women's Progress Report." Newsweek 158.13 (2011): 27-29. Academic Search Complete. Web. 1 May 2012.
Consequently, the policies of companies that employ women can have a positive or negative effect on their households, career advancement and earning potential, as well as the lives of those that depend on them. Mary Van der Boon (2003) in her article titled, “Women in international management: An international perspective on women’s ways of leadership”, descri...
The career I choose to pursue is the career of Business Administration. This career consists of running a small or big business and being able to run it and be capable of making small or very important decisions. A business runs and depends on the people and how people spend their money. If people spend their money responsibly and they know how to administrate their money and will make the economy to be stable and be good. As we all know, the economy has been really bad for the past year and it has made millions of people loose their homes and their jobs. The economy is a big factor in this career and it could be a huge problem that can be faced for a long period of time and more than once.
For my future career I want to be a business owner or in other words an entrepreneur, business has always fascinated me to this day some of the key point of a business owner are the duties of a business owner, the salary, the training and education, how does someone succeed in this career field and, what my goals are for this career field. An entrepreneur is individual who, instead of working for a business, runs their own business and takes all the risks and reward of a given business venue, idea, or good or service offered for sale. The entrepreneur is mainly seen as a business owner of ideas and business processes.
Women leaders have the crucial soft skills of empathy, innovation, facilitation, and active listening (Masaoka, 2006). They also have first-hand life experiences that bring technical skills and experiences from the street level to the workplace (Masoka, 2006). Women often build stronger relationships with clients and outside contacts than their male counterparts. This relationship building skill, provides a key aspect which helps to move businesses forward (Giber et al., 2009). Fortune 500 companies with a high percentage of women significantly outperformed those with fewer women. Companies with the highest representation of women showed higher returns on equity than those with fewer women employees (Giber et al., 2009). Thus, future organizations may have a higher percentage of female leaders than we have experienced in the past. Future leaders must ensure that there is equality among the workforce and that women are accurately represented among the
Tony Hsieh the CEO of Zappos once said “Chase the vision, not the money, the money will end up following you.” My dream job is to own my own business someday to become an entrepreneur. “Entrepreneur is someone who has a vision of something and a want to create” once said by David Karp, Tumblr founder and CEO. To take responsibility to be the person that is the leader of my team. To help my vision come to life and be successful at it, I will need to reach my goals and gain knowledge. My wiliness to help others find their goals in life and them to accomplish them.
What are the steps to be a good entrepreneur? Write your suggestion and recommendation based on your observation and experience in Malaysia.
1. WHY? Develop your "why". As an entrepreneur, not all times you have in business will be perfect. In fact, there will be many, many difficulties along the way. However, if you can develop your why, you can achieve success. Your why must be this personal, passionate, emotional drive that keeps you going, when the world tells you to give up. It is the reason you commit and work so hard. Pushing on when it seems all the odds and world is against you. Your "why" becomes your driving will to wake up and do it again tomorrow.