Entrepreneur College Essays Samples For Students

Someone who has the initiative to organize a venture for taking benefit of an opportunity is an entrepreneur. He is a decision maker and his decisions involve what, how, and how much of products or services will be produced.

Entrepreneurship is one of the most important fields within several key sectors such as economics, finance, management, and law. However, even today and even with the recognition of the importance of entrepreneurship as a primary driving force of the “market”, there is very little consensus about how economics incorporates entrepreneurship into its overall theoretical framework. Hence, there is no single economic theory that ...

Reflections on How I Became an Entrepreneur

Introduction
We live in societies of high unemployment and low real wages and therefore it is inevitable for the economies to increase the demand for labor and create a set of new sources of income. This can be so by encouraging the creation of new firms, thereby generating not only profits for the owners but also new jobs (Bridges, O’Neill, & Cromie, 2013). This is a context that encourages the economy to benefit from the individuals with entrepreneurial abilities to practice such traits and become entrepreneurs. A critical aspect of this process is that the policy option of encouraging ...

Marketing

Evaluating the key theoretical developments of the term - entrepreneurship!

Introduction:
In this modern era, the main aim of almost every individual is to become a great entrepreneur. But, first of all, let us know the exact meaning of the word – entrepreneur! Simply put, the entrepreneurs are those individuals who are the innovators – who have the capacity to do something different, something unique from rest of the world. They are the ones who stimulate the job growth, economic growth as well as build the stairs of development not only for them, but for thousands of employees who are working ...

Introduction:

In this modern era, the main aim of almost every individual is to become a great entrepreneur. But, first of all, let us know the exact meaning of the word – entrepreneur! Simply put, the entrepreneurs are those individuals who are the innovators – who have the capacity to do something different, something unique from rest of the world. They are the ones who stimulate the job growth, economic growth as well as build the stairs of development not only for them, but for thousands of employees who are working for them. It is due to these entrepreneurs that Americans got a golden ...

Executive summary3

Introduction 4
Brand 6
Conclusion..7
Appendices..8

Executive summary

The report is a thorough analysis of the real events that an entrepreneur encounters in his or her daily activities to prosper in his business. The report endeavors in sourcing information form a well established entrepreneur in the technology sector that will set the ground of comparing the theoretical entrepreneurial attributes with the challenges that are faced in the business environment.

Introduction

Over the last semester, we have been focusing a lot about creativity in the business industry and the factors that drive these innovators to convert their ideas into reality and prosper in ...

Personal entrepreneurial strategy exercise

Introduction
Not everyone was born to be an entrepreneur. There are many tactics and skills that an individual needs to acquire for them to become successful in entrepreneurship. After undergoing a survey of how I personally feel about me being at an entrepreneurship level, the results I got were interesting, and they are laid out in this paper. According to my understanding, the term entrepreneurship means, total control over a company or business with the ability to make decisive decisions and lead others in an efficient and timely manner.
Any individual who is willing to be an entrepreneur must ...

Introduction

Entrepreneurship is an important business aspect that has helped bring new businesses in the world. Entrepreneurship is important and should be embraced by many students. It is entrepreneurship that has helped people get new employment because entrepreneurs create these new opportunities. The path that an entrepreneur takes in the entrepreneur life will depend on the environment and the personal issues that they value. This is something that will be looked into in this paper. The paper will also focus on personal evaluation of the entrepreneurship skills that I personally have and those that I should develop. It will also ...

The most important lesson I have learned when coming up with a business plan is carrying out a feasibility study. This study is very vital and it is a great determinant to any type of idea that an entrepreneur wants to execute. Commencing business by putting into implementation an idea that has not been well researched and studied is likely to lead to failure in entrepreneurship leading to waste of the resources gathered. A feasibility study involves a research in all aspects that make up a business like the availability of ready market, sources of raw materials required in ...

Interviewing a Post-founding Entrepreneur.

After getting the contacts for the post-founding entrepreneur, I called him. I had the opportunity to interview a top Founder and CEO of a certain company, who has been a successful entrepreneur. I got the chance to acquire information concerning entrepreneurship and the key skills for one to have to be a successful entrepreneur.

Interviewer: Financial regulations being extremely complex, what motivated you to start a technology firm, which focuses on addressing this area of the industry?
Post-founding Entrepreneur: Starting a technology firm is not easy, and it requires many strategies and plans. First, my partners gave me support ...

1.) Describe the definition of "entrepreneurship."

Entrepreneurship is the act of bearing risk of buying goods and services at a given price and selling them at uncertain prices. In addition, the factors of production, innovation, and creation of new enterprises are included in entrepreneurship. Thus, an entrepreneur is someone who manages and organizes enterprise like a business that involves risk and initiative. This person can be a contractor, and an employer of productive labor. Most entrepreneur characteristics include; locus of control, need for achievement, and orientation towards intuitive. Therefore, a self employed individual, a franchise, and a small business owner can be considered as an entrepreneur. These are people who have ...

Introduction to Entrepreneurship

Entrepreneurship is the process of venturing into business activities for the purpose of gaining profits. An entrepreneur is therefore a person who ventures into business activities in order to gain profits. People view entrepreneurship and small business as being similar. However, there are certain differences that can be used to distinguish the two terms. Entrepreneurship involves more innovation. In entrepreneurship, the profits are yielded at a shorter time than in the small business. The profits gained by an entrepreneur are greater than the ones gained by people who run small business. Entrepreneurship also covers a wide scope of business activities that are ...

Introduction to Entrepreneurship

Introduction to Entrepreneurship

Introduction

The term ‘entrepreneurship’ became very popular in the 21st century when people recognized the importance of introducing major changes in the world. Today, many people abandon their career as an employee and start entrepreneurial ventures with intent to earn unlimited income and to meet their self-actualization needs. Considering the scope of entrepreneurship in supporting a country’s economic growth, governments worldwide are willing to finance potential entrepreneurial start-ups today. This paper will critically explore the scope of entrepreneurship, giving particular emphasis to the operations of small business houses.

Obviously, time and money are two important factors ...

Role of Innovation for Entrepreneurial Start-up and/or Firm Growth

Introduction:
The discipline of entrepreneurship is studied widely and has been the topic of attention for many years. Different terminologies are used for defining different stages of entrepreneurship. However, broadly the stages through which an enterprise passes stay more or less similar in respect of every definition. All enterprises initiate the venture, then pass through the stage of growth which is based on the overcoming challenges and facing set of different crises and head on towards the stage which is known as maturity. Importantly, it is a self-explanatory that enterprises which fail to deal with the challenges and crises ...

Role of Innovation for Entrepreneurial Start-up and/or Firm Growth

Introduction:
The discipline of entrepreneurship is studied widely and has been the topic of attention for many years. Different terminologies are used for defining different stages of entrepreneurship. However, broadly the stages through which an enterprise passes stay more or less similar in respect of every definition. All enterprises initiate the venture, then pass through the stage of growth which is based on the overcoming challenges and facing set of different crises and head on towards the stage which is known as maturity. Importantly, it is a self explanatory that enterprises which fail to deal with the challenges and ...

The Early Dreams of Ross Perot

Born Henry Ross Perot on June 27, 1930, Perot grew up in the rural Texarkana, Texas (bio.com, 2011)1. Hard work was engrained into Perot’s life from a very early age. At as young as seven he was already working a myriad of jobs. Perot credits the values learned in his childhood to his later success in life.
After high school, Perot enrolled in the United States Naval Academy (Entrepreneur.com, 2008). After returning from duty, he was hired at IBM and was quickly recognized as a talented salesman. Discontent with being a mere salesman, Perot continually thought up ways to improve ...

Qualities of a Successful Entrepreneur

An entrepreneur needs certain qualities to be a successful entrepreneur. It is due to the fact that without development of those qualities, he or she cannot be succeeded in the diversified business world. Table 1 identifies the qualities and their traits that should be part of an entrepreneur to be successful.

Table1: Characteristics and Traits of an Entrepreneur

Source: Singh & Gupta (2016)

The earlier described traits are interlinked to each other and hence can be summarized in the following manner.

Decision-making Ability: The entrepreneur can avail any business opportunity in case he or she has the ability to take quick decision.
Entrepreneurial Ability: It is required by an entrepreneur to e energetic and optimistic. Profit-orientation and ability to take responsibilities enable entrepreneurs to manage ...

Entrepreneurship entails the ability to identify business opportunities and take a risk of exploring that opportunity using the appropriate resources. Successful entrepreneurs however, are those individuals with the ability to start and sustain a business towards growth in the future. The current global market has several business opportunities, but the courage to explore these opportunities is limited, especially as a result of changing market trends and high levels of competition. Small business are sometimes forced to compete for market with big organization with massive resources and without creativity and rational thinking attributed to effective leadership style, most entrepreneurs tend to give up ...

Business Management and Entrepreneurship

Introduction
Business management or being an entrepreneur is one of the interesting jobs but also challenging. Entrepreneurs or business managers face various challenges as they manage their business. Some of the challenges can include coming up with products/services that attract customers, executing different business objectives, recruiting and retention of the right employees and also maintaining a wide range of business laws and regulations. In most cases, entrepreneurs that are most successful in managing their lines of business have a conceptual knowledge in managing business functions. Therefore, it is important for an entrepreneur or business managers to take business management ...

BUSINESS PLAN

The most important lesson that I have learnt while developing a business plan is I must understand the industry, market, competitors, and consumers well that as an entrepreneur. This forms the market analysis section of the business plan. If this section is not satisfactory, then the rest of the business plan will not achieve a good flow. For example, the sales and marketing strategies as well as the implementation plan recommended in the business plan largely depend on the degree of competence in articulating the market analysis (Abrams, 2003). Every business start-up, restructuring, or expansion requires a solid foundation. ...

BUSINESS FINANCING AND THE CAPITAL STRUCTURE

BUSINESS FINANCING AND THE CAPITAL STRUCTURE
Raisinga business capital is a crucial step on every entrepreneur who aims at starting a business. They should conduct extensive research on various funding options which will suit their specifications. They should also consider the prevailing market competition to help them chose a method that would give their businesses an upper hand in the competing market.
There are two ways in which the entrepreneurs can acquire a startup capital. One is through equity financing, and the other one is through debt financing.

Equity financing is private- investors’ money that the entrepreneur gets in exchange for a ...

Jason Tsai: The great entrepreneur

An entrepreneur is an individual that makes use of opportunities and available resources to create values around. This is defined as the individual "who organizes, manages, and assumes the risks of a business or enterprise" (MariamWebster Dictionary). This explains being innovative with your resources and creating values from the resources. Jason Tsai has shown the world the characteristics of a successful entrepreneur. His values and qualities in creating values with his company is worthy of exploration and emulation. This review identifies those personal characteristics contributing to the success of Entanet.

Effective planning

Planning is one of the most important traits that distinguish this ...

I would say that I have essential characteristics of an entrepreneur, though I still need to work on my commitment to doing projects and ensuring that I see out projects to the end. For starters, I have never indulged in any entrepreneurship activity, and I do not have any experience working with a start-up, but I still think that I can take my time and learn, maybe work a little bit hard on improving my communication skills and abilities to communicate my ideas to friends and potential investors (Post, 2012). On the upside, I am a very cordial person ...

My initial beliefs, values, attitudes and assumptions informed my decision not to attend college. As I came to realize, this was my undoing. After completing high school education, I decided not to join college. I choose to pursue my dream of starting a business. However, although I came up with the idea of starting a media company called EV1, I did not have any capital to actualize the idea. As a result, I applied for small business grants but no one was willing to risk their money on a start-up.
Most of the grants offered were for small businesses already in operation. ...

It is extremely vital that an entrepreneur conducts his business and operation with high degrees of integrity. This is cardinal that an entrepreneur in any industry undertakes his business from a moral point of view. Moral responsibility which leads to desirable ethical behavior in a business organization can bring tremendous benefits to a business. A good code of ethics attracts people to a business thereby increasing profits, increases employee productivity and satisfaction and attracts potential investors to the business. This is all because people have to trust that their transactions within the business will be handled in a fair, just and transparent manner without ...

Question One

Starting a business enterprise from scratch can be challenging for an entrepreneur. There are numerous hindrances such as difficulties in marketing the new business and establishing cash flow. Nonetheless, buying an already established business can bring numerous advantages to the entrepreneur. First of all, it is less risky to buy a business than start from scratch. The already established business already has a financial history and, as a result, the entrepreneur can easily attract shareholders and obtain the required funding. The existing business has established product/service (AKD Consultants, 2013). Thus, the entrepreneur does not struggle to market the service/product ...

Introduction

Entrepreneurship is the process of creating, organizing and managing a business undertaking in order to get profit. The most common type of entrepreneurship is starting of new business enterprises. Entrepreneurship is exemplified by innovation and taking of risks. Entrepreneurs are essential to the nation’s growth and development. They ought to be creative in the modern times because of the stiff competition and a constantly changing market. Knowing what business to start is as crucial as running the business itself.

Current Economic Situation

In recent years, the U.S. has experienced a recession. The economy was brought to its knees and many businesses crumbled. Currently, the ...

Introduction

My advice to this friend would be based on several dimensions. I would have to prepare this friend for entrepreneurship process. This would equip the individual with the requisite information so that the individual may engage in the process adequately prepared. A crucial task that this entrepreneur must conduct is a market survey. He must determine whether the business opportunity is profitable, based on market competition and demand.Main body
The first dimension of my advice would be based on the qualities that the individual has to possess as an entrepreneur. The first quality that he must possess is that ...

Simply put, an entrepreneur takes the partial or complete responsibility of the business; he is the person who manages and organizes it. He wants the business to grow and for that he makes plans and strategies. He exploits the opportunities and assumes risks also to increase profits. However, there are different types of entrepreneurs but basic entrepreneurial traits do imply both, risk taking and innovation, though at varying levels. Since it was first used in 1973, the term entrepreneurship has also evolved a lot and now includes team building, leadership, managing capabilities as essentials of an entrepreneur. Considering this explanation, ...

Biography

I can describe myself as a highly accomplished entrepreneur. I have gained a great deal of experience in business startup, growth, as well as, exit. So far, I have been a Chief Executive Officer in three companies and my role in contributing to their success cannot go unrecognized. I started my career by establishing my biotechnology company, Volentix Pharmaceuticals. Starting this company was stimulating, exciting, and frightening at the same time. Nonetheless, this company did not operate for a long time due to some difficulties and hardships, but I did not lose hope. I learned a lot from this ...

Introduction

The local economic context is being reshaped by the insertion of local economics into the globalization of network toward production and consumption. Currently the entrepreneurs are becoming more aggressive catalysts for change in the business world. They are regarded as the individuals who see the opportunity where others see confusion contradiction or chaos. Entrepreneurs are perhaps compared to the Olympic athletes who challenge themselves to break the barrier to the long distance runners or as symphony orchestra conductors balancing different sounds and skills into a cohesive output (Boyles, 2012). However, the essential ingredients of a good entrepreneur include the ...

Leadership and Successful Entrepreneurship

In essence, operating a business requires the capacity to navigate through a wide array of potential risks. For organizations to survive there must be quick response and management of dynamisms of innovations and environments. Primarily, a leader refers to a person that people follow or one who organizes and directs people towards the achievement of common goals. Most leaders consider themselves as entrepreneurs irrespective of their contribution towards the foundation of the company.
Leaders in business are those individuals who are particularly successful in decision-making about the direction of the venture, and they have the necessary skills. The world ...

Abstract

This work is about successful entrepreneur and some specific characteristics a successful entrepreneur must possess. Today an entrepreneur is one of the spread professions. However not all people know what it represents in particular. From this paper you can find out what a person should do in order to be a successful entrepreneur.
Everyone wants to be successful in his life no matter what kind of job he does. In order to be successful in any sphere, first of all, you must be hard-working. You can achieve nothing without hard work in your life. Nothing comes to you like a charm. You ...

The fast food business is that which serves food that is specific in terms of its preparation such as hamburgers or even cold sandwiches. It is possible to choose one’s food restaurant or even acquire a fast food franchise such as McDonalds as it is the case of this group. In order to buy several franchises in fast food business, the following questions need consideration:
- What is the kind of food that you would consider having in your restaurant? In as much as fast food outlets have a history of dealing with specific types of food, these franchises ...

Entrepreneur

An entrepreneur is who plans, organizes and operates a business and takes the risks involved in the business. He is considered as an individual who is energetic and has a passion to achieve the best out of him. An entrepreneur looks at any provided opportunities and exploits them to his advantage. He aims at ensuring a positive conduct and a maximization of profits in investments made. (Fauchart and Gruber, 2011:16).
A successful entrepreneur is characterized by high managerial skills and the ability to urge for team building among members. The behavior that emerges in the field of entrepreneur is influenced by the ...

The term ‘entrepreneur’ has attracted several definitions ever since it was first defined by Richard Cantillon, a French economist. All definitions, however, when generalized define an entrepreneur as a person who creates new capital or products or services, through a risk bearing venture. Entrepreneurship is the act commited by an entrepreneur. Strategy is the means to get to a certain predetermined end. Entrepreneurial strategy can therefore be defined as a means devised by which an entrepreneur can use in his ventures and be successful. Drucker 2001 defines entrepreneurial strategy as the practices to be carried out by the entrepreneur, outside the business (at the ...

Arguably, the society today is very dynamic; hence, there is a need for individuals to develop abilities to clearly identify the need in society, which can be converted into profitable services and business. In this case, creativity and innovation is much required for its successful implementation. Entrepreneurs are capable of exploring new ways and venturing into new or existing segments of the market. Therefore, an entrepreneurship is an act of being innovative and undertaking business and finance insight accompanied by efforts to transform innovativeness into economic profitability. As a matter of fact, an entrepreneur is that person that undertakes innovation. Entrepreneurship ...

In what ways does entrepreneur’s vision affect the company’s strategic plan?

Strategic planning involves the formulation of plans that helps and promotes the achievement of effective management of both the internal and external environment of a business. The strategic plan of a company is influenced by various factors including personal vision and commitment from the side of the entrepreneur. With visionary planning, a company’s strategic plan will be achieved. On the other hand, it is not easy to implement the strategic plan when an entrepreneur has no defined vision for such achievements.

Successful ventures balance entrepreneurial characteristics with managerial styles. What does this statement mean?

This statement in one way is used to imply that it takes an entrepreneur more than entrepreneurial ...

Introduction

Every business ought to have strong and attractive public relations to ensure that it appeals to its potential market. Public relations deal with the way an organization portrays itself to the public. In developing strong public relations, an organization ought to create a persuasive mission statement, which will enhance the ability to portray it as an entity that stands for ethical business practices and able to meet its obligations as a responsible business organization. The current paper provides insight on the way an effective mission statement can be developed to enhance the success of a business. Specifically, it will ...

Media innovation

Introduction
Innovation in the simplest definition can be viewed as a new idea, product or a method of performing a specific task. The Merriam-Webster dictionary defines innovation as the “act or process of introducing new ideas, devices or methods (Merriam-webster.com, 2016). Innovation is the use of improved resolutions for countering new challenges, untended needs or fulfilling the already established markets better. One of the most important market that human race has delved in is the acquiring of information. Despite decades of improvement in the communication sector, the need for doing more to satisfy the informational needs of the population ...

According to Sobel (2008), an entrepreneur is a person who organizes, manages and takes up the risks of an enterprise or business. Entrepreneurship is that process by which a person discovers new methods of combining resources and making a profit. Based on this definition, there is one person who fits all the descriptions of an entrepreneur. That person is Elon Musik, a South African-born entrepreneur who has managed to start up a number of businesses. He is described as an inventor, investor and a business magnate. Under his name are businesses such as PayPal, SpaceX and Tesla Motors. Musik was born in South Africa to a ...

Introduction

Al Gharbia in the UAE has been endowed with nature. The Empty Quarter of Al Gharbia has many sand dunes and Sabkhas. There are business ideas that can be developed from these gifts of nature. This paper will focus on how these features can be used to be a source of business. It will propose a business idea that can be used by businessmen to develop businesses that can bring revenue to the business owners (Lokier, 2013).

Business idea

The area has the tallest sand dunes which go as high as 500 meters. This is a major tourist attraction. A businessman can make the ...

Innovation, Entrepreneurship and Steve Jobs

Nagji and Tuff (2012) define innovation as a “novel creation that produces value”. Innovation is the process of improving upon a product, service idea or a technology that has been invented, so as to make it readily available in the market. Innovation is significantly different from the word invention. Whereas the word invention refers to the creation of a new idea, product or a technology, Innovation is the process which is aimed at making it better so as to have more practical applications to it in the marketplace.

For innovation to reach the desired audience, in terms of a novel product, service or technology, it ...

The Importance of Financial Information

Financial information is an important tool that helps an entrepreneur to gather data about other business segments such as marketing, distribution, manufacturing and management. Therefore, it is the role of the financial information to consolidate and quantify all the historical information concerning the entrepreneurial operations. For the financial information to be beneficial to the business, the entrepreneur needs to have a proper knowledge on how the data related to the information was gathered and analyzed. Improper analysis of the financial information as a result of misinterpretation of data can be fatal to the performance of the business as it ...

PERSONAL REFLECTION ON BUSINESS PLAN DEVELOPMENT

Personal Reflection on Business Plan Development
Reflection on Business Plan
The significance of innovation and flexibility for the contemporary organizations is essential following the latest changes occurring in the business sector. Nowadays, the companies have to deal with the technological progress, alteration of the traditional business strategies, and globalization. In the conditions of fierce competition the organizations today have to invent new ways of surviving in the business world. With the present-day conditions in mind, it is possible to imply that entrepreneurship can be a productive solution. During the period of start-up, a lot of novice entrepreneurs encounter with ...

Starting a business involves a lot of activities. It can be a rewarding venture, but it also has challenges. I profoundly researched on childcare services in Fondulac Avenue and came to the conclusion that, it could be a good venture based on the fact that the city is very busy and it is growing at a fast rate. The rate at which Fondulac Avenue is growing is an indication that the birth rate is high and parents are in need of modern and well managed childcare services. Arguably, most of the parents in the town are busy, therefore, starting a childcare business here would be a ...

Reflective essay

Introduction
This class has really improved my thoughts of International Entrepreneurship and specifically small businesses. This is something important in my life considering the fact that my goal is to become involved with the entrepreneurial ventures throughout the world after my graduation or at some point in future in my career. I have actually learnt that this course is meant to help all the students evaluate as well as analyze the available international opportunities in their capacity as consultants, potential partners of international ventures, and investors in international ventures. Besides, my thoughts about small businesses have changed and ...

Response to Business Plan Questions

Question 1: Marketing Plan Different Pricing Considerations
A marketing plan composes an essential part of the business plan since it defines the success of an entity in the market. The marketing plan in this organization composes of different considerations, which have been composed towards working for the main objective of the organization. The pricing considerations adopted in the marketing plan plays an essential role in the conduct of business and success of the business in the market. The price defines the amount of money that an organization charges for its services or products. It can also be termed ...

INTRODUCTION TO BASIC MARKETING

This essay introduces marketing, and the key concepts involved in marketing. Marketing in essence is a simple process where success comes from comprehending the need of the customer. This concept is straightforward, but the complex part is implementing it since it involves a variety of interdependent variables. We must give direction and focus to these variables, if we intended to accomplish the needs of the customers. It is through marketing that we can provide such directions. In addition, the service provider should understand the needs of the customers, rather than assuming to know what the customers really want, hence marketing enables ...

The institutional affiliation

It should be emphasized that sometimes globalization of fast food can have risks to local culture and economy. It is true to say that a lot of Asian nations are going through impetuous changes in the economy and society, which lead to drastic alterations in the lifestyle and dietary habits. The abundance of fast food in Asian countries instantiates the extensive impact of complex food marketing that works on globalization and the growing wealth of the area (An Pan, 2012). Food corporations have spent a good deal of money to promote Americanization of fast food with moderate directive or ...

I agree with you when you say that financial information is the language of the business. Just like any other language, financial information must be understood well, or else, the entrepreneur can misinterpret the information. Additionally, it is true to say that the budget is the most important tool that an entrepreneur can use in planning financial operations.
You have defined financial ratios as the mathematical comparisons of financial statement accounts and gone further to explain some of the benefits an entrepreneur can gain from using it in the business. I am satisfied with some of the benefits you ...

In your own words, define a market? How can market research help an entrepreneur identify a market?

In my own thinking, a market is either a virtual, such as online platform, or physical position where potential and actual buyers are present and sellers are ready to satisfy the needs of such buyers. In a market, an entrepreneur needs to conduct a market research since it is only through the research they will be able to collect relevant data concerning the market needs. Through market research, an entrepreneur will be able to identify a market as it provides an opportunity to spot a gap.

Describe social media marketing and mobile marketing.

Social media marketing is the use of new technologies such as the social ...

I found the readings on entrepreneurship that we completed over a period of 12 weeks to be quite insightful. The readings focused on several aspects of entrepreneurship: what is meant by an entrepreneur, what are the characteristics common to entrepreneurs, how a business idea can be developed, the importance of a business plan and the components of it, why financial considerations are paramount and why sources of capital must be managed carefully, why and how to apply growth strategies, how to create entrepreneurs even when the company has grown into a large corporation, the avenues for social entrepreneurship, why ...

Business

Introduction
Recent studies in business show that there is a steady growth on the number of female entrepreneurs in the Kingdom of Saudi Arabia today as compared in the past decades (Aziz, 2015). The male-dominated business world in the KSA is beginning to expand in becoming a female-friendly business environment where entrepreneurs such as Safiah Sohail is thriving successfully in a conventional and the conservative culture of the Arab world. Despite the strict laws of the Arab nation in terms of allowing women to take part in socio-economic environment, Safiah is still able to overcome the challenges of the ...

INTRODUCTION

In order for new businesses or ventures to be successful amidst the dense competition, it is necessary that they should have loyal customers. This is not exclusively applicable for small businesses, but is also for old businesses. Businesses, old or new, need their share of clients anytime of the day. The clienteles' trust and the familiarity of the non-clients invite more people and thus, help propagate the business. This is the mechanism by which word of mouth operates. Word of mouth (WOM) is basically an unpaid promotion of a product or service that are fueled by satisfied customers (Entrepreneur). ...

Definition of Entrepreneurship

Entrepreneurship is a creative way of developing business ideas and launching them to create a business with a given level of risk with an aim of making a profit at the end. The owner of the business forgoes the need of being an employee of a given company and becomes an owner of a small business assuming risks. It is a new business venture that depends on the development of new ideas and processes to create a profit making business. It is worth noting that, the owner who is referred to as an entrepreneur, looks for possible business ideas ...

Introduction

People form the backbone of organisations. No organisation can exist without people. It is people who work in an organisation. The employees are instrumental in accomplishing the goals and objectives of an organisation. But, each individual has his or her own thought process and priorities. So, it becomes difficult to align people to organisational goals. It is, therefore, important to have an effective leader who can drive people towards a common purpose. There are various ways in which leaders influence their people towards a shared goal, like charisma or fear. The objective of this paper is to delve into the charismatic ...

Chinese entrepreneurs are more profound in the ways they conduct their business in that they capitalize in friendship and the art of working together to widen their markets. This is shown in the article ‘doing business the Chinese way’ by Katie Hopes. The Entrepreneurs tend to work together both when there are setbacks and when having their leisure. This bond ensures that whenever one of them falls, the others help him to his feet. As compared to the west, their policy entails every entrepreneur depending on themselves and whenever they need help from other entrepreneurs, they must have something ...

An entrepreneur identifies a business idea and takes the risk to provide capital to fund a business venture. He also controls and monitors all business activities. He may be a sole proprietor, partner or just the owner of majority shares in an incorporated business. Renowned economist Joseph Alois Schumpeter (1885-1950) regards entrepreneurs as people who are not necessarily profit motivated, but rather those who see it as a success and achievement measuring standard. He also discovered that these people value self-reliance and are great optimists striving for distinction by excelling in their various fields.
A classic example of an entrepreneurial legend is ...

Introduction

Biotechnology entrepreneurship is the integration of all scientific and business activities that are required to build an enterprise (Shimasaki, 2014). This practice allows an organization to invent, develop, and make money from biotechnology products.

Significance of the Biotechnology Entrepreneur

Although teams of employees with different diverse skills are required to make an organization successful, the value of an entrepreneur cannot be overlooked. Entrepreneurs have the drive and vision necessary for the creation of a company. This is true for all industries including the biotechnology industries. Biotechnology entrepreneurs have leadership qualities and passion that motivates them to invent new products and services. These entrepreneurs have ...

Hi, your analysis highlights the fundamental factors that an entrepreneur should consider when starting or buying a business. The first reasonable step is establishing the legal requirements of the venture through due diligence. Secondly, the entrepreneur should conduct a business valuation by addressing the three essential elements: degree of control, the accuracy of projections, and start-up costs (Berkman, 13).
Hi, based on your analysis due diligence is the critical assessment of an existing venture. An entrepreneur or investor carries out due diligence to evaluate or forecast the success of the business. Business valuation also helps the investor or entrepreneur ...