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Traits of an entrepreneur
Traits of an entrepreneur
Traits of an entrepreneur
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INDIVIDUAL ASSIGNMENT
An entrepreneur is an individual who conducts business for the benefit of themselves or the nation. He or she is someone who searches for opportunity and creates and grows a company to pursue it. They are creative and innovative at the same time which allows them to bring new discoveries that enhances the society life. An opportunist, a high risk-taker, independent, strong leadership, visionary and unwavering passion are several qualities that are essential to make a successful entrepreneur. Not everyone can be one unless they are ready to fail. Over the centuries, there are numbers of big entrepreneurs that have emerged and impacted people on a global scale.
Such examples are the likes of James Watt, Thomas Alva Edison, Bill Gates, Steve Jobs, Walt Disney and the list goes on. If you notice, most of them are successful when they are in their mid-aged or older. However one individual who successfully made it to the top list at such young age is non-other than Mark Zuckerberg, the founder of the social media site, Facebook, that helped to connect with people all around the world and it became so influential that it is now part of their life. With such brilliant idea, he has made it to the top as the youngest billionaire in the world. A brief history of Mark, he was born in a New York in a well-educated family. During his younger days, he developed interest in computers. By the age of 12, he has already created a messaging program for his father’s dental business. Studying in such a prestigious university such as Harvard, you can tell he is a hard-working and smart guy. As a student there, he was recognized for his software developing ability that he has created multiple programs for student’s entertainment. I...
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...damental." Forbes. Forbes Magazine, 20 Oct. 2012. Web. 9 Feb. 2014. .
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-Eko Putranto, Cahyo. "The Impact of Entrepreneurial Firms on Society." Stella Maris International Education Blog. N.p., 12 Dec. 2013. Web. 9 Feb. 2014. .
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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.
For example, Bill Gates, the world’s richest man, earned a scholarship to Harvard University, and took his time and spent it all on the school's computer and he knew he had potential. So he dropped out of college his sophomore year, and started a company: Microsoft. This man is what is known a as a pure risk taker. Gladwell states, “Bill gates got to do-real-time programming as an eighth grader” (12). He then evolved his company and he launched it on April 4th, 1975. He knows how to sell his products to needing customers. He interprets how to communicate with customers to attract them to his product that he wants to sell. He excelled at monopolizing his company. In all, he went way beyond just ten years. He knew that in all these events that led to his goal, he was exceedingly lucky. This does not mean he wasn't a brilliant man or that he just relied on luck. He just had excellent communication skills and knows how to sell and induce customers to buy his product, and this led him to achieve a great
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
As of 2016, Facebook cofounder and CEO, Mark Zuckerberg, has a net worth, estimated by Forbes, of around $47 billion. One of the richest people of the world, Mark Zuckerberg exemplifies heroic character, not attributed to fame and fortune, but his ability to utilize his success to impact others. In 2004, Zuckerberg decided to drop out of Harvard University in order to focus on developing his social media network, Facebook (The Editors). Now, at thirty-one years of age, Mark utilizes his self-created superpower, Facebook, to connect billions of people around the world. A hero, usually bolstered by a superpower, embodies the traits of ordinariness, benevolence, and idealism. Mark Zuckerberg leads a heroic life by being relatable, demonstrating
...dual that started the social networking website, Facebook. Mark Zuckerberg, who was born on “May 14, 1984”, is the “youngest billionaire on the planet”. (Web). Growing up, “He was the second of four children and the only son in the educated family.” (Web). His parents were both educated just like Larry Page’s parents. However, the father was, “a dentist” and the mother, “a psychiatrist”. (Web). With the potential of success because of the opportunities at such a young age, “Mark got interested in programming during elementary school.” (Web). “The fact that the world is divided between programmers and users, Mark found out when he was 10 years old and got his first PC Quantex 486DX on the Intel 486.” (Web). Receiving a computer at such a young age and with Zuckerberg’s interest in computer programming, had really gave him a head start towards becoming successful.
Although being a millionaire or billionaire may seem complex they are relatively simple and develop concepts everybody can use such as the innovator of MacDonald’s who wanted to create a way for people to buy their burgers quickly without waiting too long in line and discovered the drive thru window - a concept no other restaurant was using.
Mark Zuckerberg appears to be an ordinary young man in his twenties, but he is the world’s youngest billionaire; with an estimated fortune of $30 billion. Facebook, a prevailed world wide Web site is the reason. Mark established Facebook when he was an undergraduate at Harvard University at the age of 19. This is the story of Mark Zuckerberg and Facebook, how it was devised and what it will become.
The first definition on entrepreneur was simply someone who invented something. Eventually, it turned into someone who owned a business. But the best definition, the one used most often today, is someone who organizes, manages, and assumes the risks for a business or enterprise. This shows that not only does a person "invent" something, but that they see the opportunity and build a business around it. An entrepreneur has a vision and builds around this vision.
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
What is meant by Entrepreneur or Entrepreneur is a person who is able to utilize a business opportunity, to be a business that can bring profits. It is appropriate that an entrepreneur, or entrepreneur has the ability to manage and utilize the source of funds, as well as the resources available to maximize business.
An entrepreneur is someone with the capacity to lead a business to success and is willing to take the risks in order to accomplish their goals. (Dollonger, 2002). Starting a new business is an example of entrepreneurship. Entrepreneurs are very important in order for any business to succeed, however, only some entrepreneurs will succeed in life. Here are some of the characteristics of successful entrepreneurs.
An entrepreneur is a person who organizes and manages a business undertaking, assuming the risk for the sake of profit. According to Martin (2010) an entrepreneur sees an opportunity which others do not fully recognize, to meet an unsatisfied demand or to radically improve the performance of an existing business. To have self-belief that this opportunity can be made real through hard work, commitment and the adaptability to learn the lessons of the market along the way. For example, When an almost bankrupt security company was offered to her, Datuk Maznah Hamid and her husband, who were eager to change their ordinary life, took the plunge and sacrificed RM5,000 of their saving. Only then she realized that apart from managing the operation, she also had to be a manager, a clerk, an accountant and a receptionist. To grow their business, they had to sell their house and moved to a slum that came without electricity. But she persevered. Today, it’s difficult to find someone who has never heard of Securiforce.
An entrepreneur is a person who finds it worth risking, especially in term of his or her finances, in a particular project with a hope of introducing new related ventures that will culminate into visible success financially (Foley, 2006). Sometimes, an entrepreneur can also be taken to mean a person who is in the verge of organizing a virtually new project and targeting to use previously unused channels after discovering a hidden opportunity in the eyes of others. Evidently, in both cases, there is a risk factor and therefore maximum care and guided moves are things to take care of first. More often than not, the term entrepreneur is employed in a business context.
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.
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.