Results and Discussion
Attitude/Psychographic
Table 1 – Entrepreneurship Inclination of the Respondents According to the Personal Assessment
Entrepreneurship Statements Percentage of Respondents Yes No Total
Would likely to start a business if resources and opportunities are available. 91% 9% 100%
Entrepreneurship has more advantages than disadvantages. 91% 9% 100%
Friends would approve of the decision to start a business. 90% 10% 100%
Immediate family would approve of the decision to start a business. 89% 11% 100%
Ability to control the creation process of a new business. 76% 24% 100%
Prepared to do anything as an entrepreneur. 72% 28% 100%
Completely unable to start a business. 65% 35% 100%
The professional goal is to be an entrepreneur. 64% 36% 100%
Starting a firm and keeping it viable is easy. 56% 44% 100%
A career as an entrepreneur is totally unattractive. 56% 44% 100%
Majority of the respondents are inclined to entrepreneurship given an opportunity and resources. Also, they consider entrepreneurship as an advantageous opportunity for themselves. Many of the respondents would also be inclined to business if their colleagues would agree to the decision of starting a business. In this case, opinions of other people influence the choice of the respondents. In general, most of the respondents are apt to entrepreneurship because of the benefits it can reap from it and also, the influence of other people contributes in their decision of starting a business.
However, most
So why isn’t everyone successful? Some believe that success is only a matter of will and only a person can decide if they want to become successful or not. This is not true; a person’s background ultimately
I feel like everyone can be successful at something if they really wanted
Not everyone can be successful. Some people were put on this Earth to achieve, while others were born into a cursed life. It’s nothing personal, it’s just fate. Many will argue that success can be achieved with enough hard work and determination. It is commonly believed that anyone can aspire to be anything if they want.
If you just think about making money, you’re not happy, ergo you’re not successful. Money will always come
An entrepreneurship or working for a business involves organization and being familiar with the functions, types and levels of management (Bethel University, 2011). Planning, organizing, leading, and controlling are relevant to the business of any organization or company. The roles performed by each leader and employee determine the success the organization may have. When a company is providing a product or service to the public, how it handles challenges day to day either drives the company to success or causes a business to fail. How do these factors affect establishments today?
Socialism is a system that advocates the means of production distribution, and exchange should be owned or regulated by the community as a whole. Socialism benefits the common populace and alleviates society’s problems of today. Socialism often carries many negative connotations today, however it is not necessarily a bad thing and possibly has many benefits. Socialism takes many forms. Socialism has played a role in many non-Communist or non-socialist countries’ systems of healthcare, education, and economics.
About 10 to 12 percent of firms with employees open each year and about 10 to 12 percent close (SBA). Small
Unemployment is universally recognized as a bad thing. While economists and academics make convincing arguments that there is a certain natural level of unemployment that cannot be erased, elevated unemployment imposes significant costs on the individual, the society and the country. Worse yet, most of the costs are of the dead loss variety where there are no offsetting gains to the costs that everyone must bear (Depending on how it 's measured). Unemployment represents the number of people in the work force who want to work but do not have a job. It is generally stated as a percentage and calculated by dividing the number of people who are unemployed by the total work force.
It is also important to pick the right business, which may not be the most gainful, but rather the one in which have the most interest and ability sets. Network with other more experienced entrepreneurs online and in society to get feedback on how business can begin and keep up a successful enterprise. Insufficient capital – A lot of business people are not alert how much the business require to start-up capital. Explore more and arrangement ahead to identify areas where business may spot.
Russia is the largest country and is ranked the sixth most powerful country in the world. Almost 15 years ago, the leaders of Ukraine, Belarus and Russia engaged the dissolvent of the USSR in 1991 following the collapse of the Soviet Union. Post-Soviet Union, many believed that Russia would follow western political norms and democratize. Once Boris Yeltsin was elected as president, he promised to open the door and inherit a new political age of Western-style democracy. After the collapse of the USSR, Russia was expected to become freer in market and society with the new leaders in charge.
Don’t ever expect for something to be a success if you yourself do not carry the attitude of a success. It is the way with any business you are starting whether it be online business or offline one. We can all make our dreams come true and through whatever the means necessary and sure you can go to college and make money that way but if college isn’t your forte and you do not love it for the profession itself or the knowledge that you get there, there are many other ways to make money that are out there.
I believe that anything is possible if you are willing to try hard enough. I push myself to the limit to set an example for my younger sisters, who are also learning the boundless benefits of hard work. Life is hard and messy at times, but you cannot let that stop you from accomplishing whatever you set your mind to do. My dad is my greatest inspiration and is one of the hardest workers I have ever met. He taught me to never be afraid of hard work, but instead to dive into it and persevere one day at a time doing the best work you can do.
How to become a successful entrepreneur? There is no single absolute profile on who can turn out to be an entrepreneur. Successful entrepreneurs arise in different gender, race, ages, and income levels. They differ in experience and education.
Entrepreneurship takes the economy and the society to the state of progress and prosperity. New businesses can create new jobs and therefore will increase the employment rate of the nation. This will also generate income to the entirety of the nation. People who pursue entrepreneurship can generate new ideas which will provide a diversity of offerings for the consumer (Ramos, 2014).
Sole proprietorship Pros: Typically are easy to start-up, and the cost to start a sole proprietorship is $0. In addition, net business loans can be deducted from an individual’s personal taxes. The person who is a sole proprietor gets too control all of the financial activities, and make all the business decisions. To add to that, they are also the management and they’re able to respond to any changes or differences.