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Introduction Opening Entrepreneurs play a very important role in the economy as they are the building blocks for a country by providing job opportunities, producing goods and rendering services to consumers. An entrepreneur is an individual or group of people (entrepreneurs’) that identify a business opportunity in a particular market and then provide a product or render a service that will satisfy the needs and wants of the consumers. In my opinion entrepreneurship should be promoted more and thought to the younger generations as it has lots of different advantages to it such as providing job opportunities which will lead to combating socio-economic problems such as poverty and unemployment which in turn will reduce crime levels because more people will become employed. The younger generations should be thought entrepreneurial skills from early ages so that they could be exposed to entrepreneurship from the early ages and the younger generation is more creative and new inventions and developments could be invented and established by them. So in this task is all about 2 entrepreneurs that are famous for their entrepreneurial skills that have lead them to success in their lives. It will explain why they are seen as entrepreneurs and find out the product that they invented or service that they rendered that lead them to success. Richard John Pelwana Maponya Why his seen as an entrepreneur: Opening and Background information: Richard Maponya was a very successful South African entrepreneur, who was born in Limpopo on the 24th of December 1926 and was raised in Soweto and had a dream to see the Soweto township develop economically. At the age of 22 Maponya was a teacher and was offered a job as a stock tacker in a clothes manu...
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...Excom Publishers CC Title of page/ item Date of document or update Title of home page Available: URL of item Date accessed Google 2009 The African Millionaire : http://theafricanmillionaire.blogspot.com/2009/04/african-millionaire-of-week-become-rich.html 20 May 2014 Wikipedia 2011 Wikipedia http://en.wikipedia.org/wiki/Richard_Maponya 20 May 2014 Google 2013 African Success http://www.africansuccess.org/visuFiche.php?id=431& 21 May 2014 Google 2011 Times live http://www.timeslive.co.za/ilive/2011/08/21/africans-should-accumulate-own-wealth-ilive 21 May 2014 Wikipedia 2011 Wikipedia http://en.wikipedia.org/wiki/Patrice_Motsepe 21 May 2014 Google 2010 Leaders http://www.leader.co.za/article.aspx?s=1&f=1&a=3442 21 May 2014 Google 2013 Ventures http://www.ventures-africa.com/2013/03/wealthy-donors-in-south-africa-giving-is-a-way-of-life/ 22 May 2014 World Wide Web:
"News." Africa Continues to Grow Strongly but Poverty and Inequality Remain Persistently High. N.p., n.d. Web. 26 Nov. 2013.
Priscilla. “The World Economy and Africa.” JSpivey – Home – Wikispaces. 2010. 29 January 2010. .
The world is filled with many ambitious people looking to make a product to help the world and make a living for themselves and their families. These people are known as entrepreneurs. An entrepreneur is someone who organizes and operates a business or businesses while running the risk of losing everything to make money. One might ask why there is a risk ...
What is generally misunderstood about Africa is the wealth available in its boundaries, and the misconception of the middle-class in the U.S. and other countries of a similar economic bent. Though nine out of the ten poorest countries are in Africa and all but three of the top twenty, there is a nearly zero homeless rate, and everybody seems to be doing just fine. However it used to be similar in every single so...
PBS. Web. 05 May 2016. " AfricaResource The Place for Africa on the Net."
"Chapter 5. Sub-Saharan Africa." Pew Global Attitudes Project. Pew Research Center, 2007. Global Issues In Context. Web. 12 May 2014
Joseph Schumpeter, an American economist, renowned for his term ‘creative destruction,’ defined ‘entrepreneurs as individuals who exploit market opportunity through technical and/ or organisational innovation.’ Entrepreneur is derived from the French verb ‘entières,’ meaning to undertake and consequently entrepreneurship is the ability and will to develop and manage a business scheme; accompanied by any of its risks with the intention of making turnover. Conversely, innovation is the process of transforming a creation into a product or service that generates value; ‘the commercially successful exploitation of ideas.’ It is integral to any developing economy, particularly in those where prevailing business models have become outmoded. Entrepreneurship and innovation play fundamental roles in the creation of knowledge with the purpose of generating value and encouraging sustainable economic and organisational development.
An entrepreneur sees an open door which others do not completely perceive to take care of an unsatisfied demand or to profoundly enhance the execution of a current business. They have a ravenous, self conviction that this open door can be made genuine through diligent work, duty and the flexibility to take in the lessons of the business sector along the way. Much has been composed concerning entrepreneurs and entrepreneurship.
This paper examines the myths associated with what it takes to be an entrepreneur, the profiles and the common characteristics among these successful entrepreneurs.
The entrepreneur is defined differently across many platforms they all share some commonality (Davison, 2008). This commonality consists of certain traits such as risk taking, innovative thinking, and an opportunity-seeking mindset to create, improve or expand a business (Davison, 2008). The entrepreneur functions as a promoter to the generation of wealth (Davison, 2008). The entrepreneur is important for the movement of the market and constant challenge to the status quo, indirectly improving all related business involved.
An Economic History of West Africa. New York: Columbia UP, 1973. Print.
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.
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.
The path to achieving great success is not easy. Whereas there are many shortcuts, the long and patient walk is what takes a person many miles ahead. This concept applies to any individual who aims at becoming a successful businessman. The process of becoming a successful businessman requires a person to attain several accomplishment levels. Each of the level takes energy and time, as well as the ability to recognize the things that make a person truly successful in the business world and life. Becoming a successful businessman requires measurements that take into account not only the monetary and material gains but also the greater scheme of things. Therefore, true success measure achieves in light of creating wealth and value. These factors are vital in the lifetime of success as they present an intangible worth and measurable profit. This essay discusses the way a person can become successful as a businessman.