Successful Entrepreneurship Essay

INTRODUCTION

Entrepreneurship is simply means to start one’s own business venture to earn profit. It has the advantage of taking one’s own decision, pursue his own dream rather than working under someone else; but at the same time it has greatest risk of putting oneself into trouble, pain and huge financial loss if the business doesn’t work well. For many of us, entrepreneurship is self actualization need according to Maslow’s hierarchy of needs. To become a successful entrepreneur there are many factors to be considered. Two among them are leadership and knowledge.

Leaders are the ones who make people to follow them. People inspire them and always listen to them. For an entrepreneur he must be visionary leader because he should see the future.

The purpose of this paper is thus to inquire into the incorporate between entrepreneurship and social capital as reflected in mutual trust and a rationality based on care. Learning and knowledge creation come from hands-on experience, but also from telling stories to others, sharing experiences. Repeated reflections on one's own action enforce self-identity and willingness to act again. The understanding of the roles of entrepreneurship and social capital in a case of emergency that even threatens a welfare economy like Sweden, in spite of its elaborate institutional structure. The empirical findings and associated conceptual reflections suggest that (natural) catastrophes initiate processes that produce or reproduce both the entrepreneurship and social capital that remain invisible when "business as usual" rules in society. "Emergency entrepreneurship" introduces that entrepreneurial processes do not have to be driven by self-interest but may also reveal themselves as closely affiliated with responsibility and commitment to place. The image of social capital and networking certainly challenges dominating views in contemporary social inquiry in general and in writings in the field of