INTRODUCTION: “Entrepreneur is the person who comes up with a business proposal to start a venture taking into consideration the constraints like human resources, cost, demand after studying the whole market and identifying the gap and understanding his own skills and competencies. The whole process altogether is called Entrepreneurship” Any idea that have to be commercialized into a business have to go through a series of steps before it could go live. The person first has to come up with a business plan. A B-Plan is a written document of one’s business idea and what he is planned to do and how to implement or go forward with the same. This business plan will be written after understanding one’s own competencies and about the industry he/she
I had never heard of her before, but was very interested in her different and unconventional story. Researching her has taught me that although some entrepreneurs are born with certain skills, such as a flair for creating and a high level of intelligence, they are still ‘entrepreneurs in the making’. They still have to accumulate relevant knowledge and experiences. The process of successfully launching and growing a new venture, which can take either a few years or decades, almost always includes large doses of
You will also learn how entrepreneurs act as an innovator in the economic growth and help in the generation of employment opportunities, in complementing and supplementing economic growth. 5.1.2 Role of an Entrepreneur in Economic Development of Country Entrepreneurships are one of the most important inputs in the economic development of a country. By his entrepreneurial decisions, the entrepreneur acts as a spark to the engine of economic activity in a country. He plays a key role in the development of industrial sector of a country. He also plays an essential role in the development of agriculture and services sector.
Entrepreneurs are described as the value adders, who represents the prosperity of the nation and its prospective to produce employment; they are the driving force of any nation. All the same, an entrepreneur owns the following qualities: 1. They are alert to new opportunities, resourceful and energetic. An entrepreneur must and is able to bend in with varying situations. Also, they are enthusiastic to believe the risks in expansion and change.
If I need become an Entrepreneur. Entreneur should have Four Primary Characteristics: Passion for my business, Very focus on my customer or product, tenacity despite failure, and execution intelligence. So, can I become an Entrepreneur? Follow the Self-assessment Questionnaire, I know my personal attributes to behave in an entrepreneurial way. Should I being self- employed?
An entrepreneur uses creative talents to develop new things and exploit new opportunities in the markets. Choose the best option: An entrepreneur finalizes a concept or an idea only after considering a variety of options. He analyses their strengths and weaknesses by applying different techniques. He tests the product's applicability, supplements it with empirical findings, and then chooses the best alternative. Then he applies his ideas in practice.
Entrepreneurs are always trying change or introduce new products or services. Entrepreneurs usually have nothing to start with only their idea and then organize the necessary requirement to transform that idea into a business. People will start their business from the scratch. Many people are afraid that they will lose everything and especially the risk they are putting themselves into. Not necessarily every entrepreneurs can be successful to manage a new business.
Identify an “entrepreneur type” that best describes the entrepreneur that you have selected. Discuss why you think they are this type. From my study of an article “What Kind of Entrepreneur Are You?” I have found there are many different types of entrepreneurs. These can be mostly categorised using two defining characteristics, the level of experience as an entrepreneur and the motivational reasons for entrepreneurship. Entrepreneur Type Type Level of Experience Type Motivational Reason Aspiring None Builder Infrastructure - talent, investors and customers.
General Dentists also perform several cosmetic procedures, like obtaining whiter teeth. Dentists can also have a lot of stress, but all of that is rewarded by the amount of money they make and the amount joy they see on people’s faces after their
1.2 History of Women Entrepreneurship: Before the 20th century women were operating businesses as a way ofsupplementing income or in many cases they were simply trying to avoid poverty andmaking up for the loss of a spouse. The ventures that these women undertook werenot known as entrepreneurial due to the time in history and usually had to yield totheir domestic responsibilities. The term entrepreneur is used to describe individualswho have ideas for products and or services that they turn into a working business. Inearlier times this term was reserved for men. Women became more involved in thebusiness world after it was a more acceptable idea to society.