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Introduction
I would like to write an article for my final project of Introduction to Economics on semester 2. In this article, I want to explain to you about Entrepreneur.
Content
First, I want to tell you where the word entrepreneur come from. The word entrepreneur come from the French words entre, meaning ‘’between’’ and prendre, meaning ‘’ to take’’. This word is used to describe people who ‘’take on the risk’’ between buyers and sellers or someone who starting a new business (theory from Entrepreneurship: Successfully Launching New Ventures Fourth Edition by Bruce R. Barringer and R. Duane Ireland. Page: 32).
Entrepreneur is someone who provide service or goods to other people with purpose to get some profit. They find the resources
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Why did I want to become an entrepreneur? There are so many benefits if we become an entrepreneur. By become an entrepreneur we can help the society by reducing the unemployment and giving job opportunities to other people. It’s hard to get a job these day because there are so many people who looking for a job and the job field are limited. The other benefits by become an entrepreneur are we can be the boss in our own business/company. Nobody can fire us. We can organize the company. We have more freedom, we can decide when to work or holiday, when to go to office or available for meeting, we will have more time for family. We can work wherever we want (in home or in office). We can choose people to work with. If we working with the right people, our working relationship will be good and our business will be success. We also can choose the services or product that we want to sell/we can do what we like to do. We can’t do this if we working in an organization because we are not the owner and we must obey the rules of the organization. But there are also many advantages by being an entrepreneur. If our business is successful, we can be richer than a regular employee. But there are also many disadvantages by become an entrepreneur. The disadvantages are we have no regular salary because we must get the money by ourselves, maybe there are so many competitors that have the same business like us so we must make a difference between competitor’s business by being creative and innovative to build a solid customer base and make our business profitable.
We also must be responsible for the success or failure of the business. Then we must decide the business strategy, controlling and check the work of the employees if they working properly or not. As the entrepreneur we must be brave to take the risk of the business and be able to see the opportunities. Opportunity can come from many sources. This is how entrepreneurs identifying
An entrepreneur is an individual that organizes and operates a business or businesses, taking a greater financial risk to do so. They bring innovative products or services to the marketing world. They start a business on their own agenda and usually spend plenty of money supporting their company. Many entrepreneurs have characteristics of being confident, drive, and responsible.
An entrepreneur is someone who recognizes an opening in the market for a product or service and carries it out using initiative. Usually being innovators; entrepreneurs are risk takers in means of not knowing whether their ideas will in fact succeed (Business Dictionary, 2016). Fashion leaders are considered entrepreneurs because to be strong in the fashion industry one must attempt to stay ahead of competitors and know what is already out there as would an entrepreneur. One of Australia’s most successful fashion designers could also be considered an entrepreneur; Collette Dinnigan is an award winning fashion designer who has exhibited in London and Paris and was the first Australian to launch a ‘ready-to-wear’ collection, as well as being
Entrepreneur is someone who had an idea then made the idea real and then made some money off of it. Today the world has many entrepreneurs many of whom have made millions of dollars in their one little idea. Who is one of these people with a big idea is Joy Mangano creator of the miracle mop. Joy has made millions and has made some other very important ideas not just miracle mop. Joy even had a movie made about her life which starred Jennifer Lawrence playing Joy.
“There is no one definitive profile of an entrepreneur. Successful entrepreneurs come in various ages, income levels, gender, and race. They differ in education and experience. But research indicates that most successful entrepreneurs share certain personal attributes, including: creativity, dedication, determination, flexibility, leadership, passion, self-confidence, and smarts." (Principles of Entrepreneurship)
Entrepreneurship incorporates unconstrained imagination and a readiness to settle on choices without strong information. The entrepreneur may be driven by a need to make something new or assemble something unmistakable. As new ventures have low achievement rates, the business person should have impressive tirelessness. Because of this, the entrepreneur may have the best risk of achievement by concentrating on a business sector corner either too little or too new to have been commanded by built up organizations.
person is going through some following stages to be entrepreneur are crystallized idea from executable project then they should search abut the project and how to implement it to achieve comment goals . So entrepreneur is a person who is not genius , but he con transform a man his thoughts and dreams , no matter how difficult the fact. ALSO, they have talent and abilities and skills through which they can detect good opportunity to be profitable venture and triest to measure the necessary resources to turn this opportunity into reality teal is characterized by leading business group of person qualities are they desire to achieve their dream and ability to solve the risk to achieve their goal .Moreover , entrepreneur is the owner of one or more projects succeeded in expanding the range of goods and services or work in more then one activity , they should make plan to increase capital and labor required other resources . The most important qualities of entrepreneur such as , solve the challenges and anticipate future opportunities . ALSO , implementation of plan . IF there any new ideas search for them even they are far fetoned and work to achieve them
It is true that most entrepreneurs typically have a flair for the creative and a lot of energy. They are born with it. But having these characteris...
Conclusion: In conclusion, as Steve said "I’m convinced that about half of what separates the successful entrepreneurs from the non-successful ones is pure perseverance" that the secret of success. The person who wishes to success, he should recognize his weakness and formulates a plan to overcome them and he must have a clear goal for life. What's need is an idea put into action followed with proper planning and persistency.
Entrepreneur's should have a strong drive to successes and overcome obstacles. Confidence and strong will are must. An entrepreneur should be sharp and always think of ways to run their business flexibly .Another important quality of a successful entrepreneur is being adaptable to
an entrepreneur will never be uncertain of whether or not they will succeed. They are confident with the knowledge that they will make their businesses succeed (10 Qualities of successful entrepreneurs, 2010). They exude that confidence in everything they do.
Driven by an intense commitment and determined perseverance, entrepreneurs work very hard at what they do. They excel and want to win. Entrepreneurs are amazing people with a high respect of character. They use their mistakes as something to learn from rather than a failure. No matter the outcome, they believe in themselves and have an extreme confidence not only in themselves, but also in what they do.
Being a student of success you will find there are varying traits but consistent ones, that lean toward success. It is your personality, your inner drive that will make you successful. Once you identify those traits, your journey as an entrepreneur will lead to success. Here now is THE list. See what you have and what you will need to acquire to achieve:
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.
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.
Entrepreneurship - a special kind of activity. Its constant conditions are limited resources, competition and uncertainty of the situation. The main tools of the entrepreneur are: thrift, cooperation and innovation. Consequently, enterprise is the independent economic entity, with rights of a legal entity, which is based on the use of labor collective property produces and sells products, works, and provides services.