The Benefits Of Entrepreneurship

Tori Smoode

Dr. Kidder

BUS 103 TI2

January 3, 2018

Entrepreneurship

Entrepreneurship is unique and even risky business journey that is innovative and also plays a large role in the nation's economy. Typically, the single person or party supporting the business venture works to offer something new to a prospective audience. Entrepreneurship can be difficult in the sense that it will be time-consuming and require a great amount of attention arranging and understanding the needs of your intended market. In this competitive choice, it is essential to do research, provide yourself with the best resources, and a detailed procedure for a successful company. This can be achieved through a vigorous search for these opportunities, knowing when they

Yet, for the right person, the various advantages of business ownership easily outweigh the risks and hard work the come along with this employment option. Although people start their own business journey for a variety of reasons, most are seeking a combination of flexibility, challenge, greater financial success, and independence. The ability to be able to control your own schedule and set your own hours is a highly desirable benefit for many business owners, primarily new parents or parents looking to spend more time with family. This is especially easy today thanks to the technology we are offered, many businesses can be watched or even ran while the owner is away. Running your own business also provides a type of challenge incomparable by many other ventures. Many business owners, typically new business owners, always have something to do! Starting a business also offers endless opportunities to provide the satisfaction to many customers of knowing how their products are being manufactured. Despite the fact that you can make a pretty good living being employed by someone else, your chances of making better money may be more likely if you start your own business. Studies show that “The Forbes magazine annual list of the 400 richest Americans is dominated by entrepreneurs” including the most heard of people today like, “as Bill Gates and Paul Allen (founders of Microsoft), Phil Knight (founder of Nike), Michael

In today's fast-paced world of business, several people choose to work for themselves. A career as an entrepreneur is unpredictable, yet a very personally rewarding endeavor. Depending on the originality and innovation of their idea the type of entrepreneurship will vary. Visualizing your concept, convincing others to see your idea as realistic, and negotiating with investors are all important features necessary to become successful. Too many entrepreneurs this is much more than just managing and developing a business. It becomes their means of support that include skills such as franchising, marketing, and even helping others realize their true