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Entrepreneurship as a career option
Write the characteristics of small businesses
Write the characteristics of small businesses
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Nowadays, entrepreneurship becomes most popular career, where our government encourages our graduated student to involve in business so that unemployment will not happen in our country. Policymakers, academics, and researcher agree that entrepreneurship is a vital route to economic advancement for both developed and developing economics (Zelealem et al., 2004). Entrepreneurship has many types for example small business and others. Today small business, particularly the new ones, is the main vehicle for entrepreneurship, contributing not just to employment, social and political stability, but also to innovation and competitive power (Thurik & Wennekers, 2004).
In Malaysia entrepreneurship become most important part, which is its help to growth of Malaysia economics. The intention to becomes self-employed it is depends on individual perception of desirability and feasibility in relation to starting a new business. Student perception such as ‘can I want to do it’ or ‘do I have the resources to do it’ is important role to student choose self-employed as career after graduated, because student should have knowledge and resources to build a new business.
Entrepreneurships can be two ways whether it is by individual intention or entrepreneur taking by family firm. Based on Kuratko (2005) asserted that an entrepreneurship intention can be developed in ad individual since it is related to the individual characteristics of seeking opportunity, taking risk, and giving tendency to push an idea through. Entrepreneurial that become because of their family have a talent across generation, intelligence to success in business and has a dedication (Poutziouris, 2001). Business that from family has a benefit to the owner because there should ...
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... that influenced student undergraduate at UNIMAS to become self-employed.
1.3.2 Specific objective
1) To find whether there have a relationship between independent variable and dependent variable.
2) To know what factor that influence student to choose self-employment as their career.
1.4 Scope of study
This research focuses on the particular part which is student self-employed intention towards on business and the risk of business in Malaysia. The selected respondents are student faculty of economic and business at UNIMAS. Researcher chooses these respondents because researcher wants to investigate how many students would like to build their own business. In addition, researcher chooses students UNIMAS because it make easily to collect data also can identify how much student from faculty economic and business choose self-employed as career after graduated.
I want to own my own business in the future. If I decide that I do not want to own my own business, it is a decision that is reasonable for me. I can work for someone else’s company or business. If I want to get a higher position or I decide to follow through in opening my own business, I will able to do that because I’ll have experience in something very general and essential but without it being specific.
Growth initiates in a region when policy and managerial perspectives at the entry level economy turns into entrepreneurship scenarios. The government and private owned scenarios in the earlier days focused on the mechanism of continuous development. Several entrepreneurial efforts initiated in the early days that enhanced the overall image of owning of business in this region. Owning a business is something very common in the sub-continent region and several individuals from ages focus on their family owned business. These businesses vary with respect from each other and numerous individual can relate their income oriented cycle with these family
Until recently, marketing and entrepreneurship existed as two independent, scholarly distinct disciplines. Marketing has focused on understanding the practices and processes within large corporations. However, with a growing interest in the SME sector, the marketing aspects of SMEs and entrepreneurship have also increased in importance.
The purpose of this reflective essay is to review mind-set, knowledge and skills of budding entrepreneurs. We were requested to take a General measure enterprising tendency V2 test and a free online creativity test (Aulive test) in order to evaluate our entrepreneurial skills. Venture development can be defined as a new model that is used in the creation and cultivation of scalable ventures (Brinckerhoff, 2000). It normally describes the economic development activity using best practices and activities of experienced business mentoring and venture capital investing so as to create angle-capital-ready firms which will create economic wealth for the specific region. Entrepreneurship on the other hand can be defined in many ways. It is
Bhutan which is a small developing country, over the years have made significant development both politically and socially and has seen its economy grow to some extent over the period of time. With the growth in the country’s economy as well as improvement in technologies and facilities, more and more employment opportunities are available. Although with the positive and steady pace of its development, increasing number of graduates has flooded the job market making it hard to find employment in both public and private sectors. This has led to students take up entrepreneurship after graduation to create their own source of livelihood.
There are several theories has been developed by different scholars for entrepreneurship development since couple of decades. A consistent universal theory does not present in entrepreneurship, but rather it contains of several approaches such as economics, psychology, sociology, anthropology, regional science. All theories has explored the rationality with the emergence of new entrepreneurs and theirs contribution in socio-economic development of a country (Sexton, 1997). Many of these studies assume that all entrepreneurs are similar including the owner of small enterprises and high growth innovative ventures. The following section some of theories explained and finding the literature gap and selecting the appropriate theory for this study.
Studies show that both educational and structural support factors influence the entrepreneurial intention of students however that alone does not guarantee success. College degrees in business majors and training programs possibly may not transcend genes and its history component and it is possible that education in itself presents to a degree to which the discipline of entrepreneurship is learnt. One must therefore have an “entrepreneurship personality” (Drucker 1985).
Entrepreneurship - a special kind of activity. Its constant conditions are limited resources, competition and uncertainty of the situation. The main tools of the entrepreneur are: thrift, cooperation and innovation. Consequently, enterprise is the independent economic entity, with rights of a legal entity, which is based on the use of labor collective property produces and sells products, works, and provides services.
Throughout Europe, great attention has been paid to the small business area and to the contribution that entrepreneurial small businesses can bring beneficial to transforming the economy (EiM, 1994).The concept of entrepreneurship is often considered with new venture creation and small enterprise management, and the terms of owner-manager and self-employment (Gibb, 1996). While Kirby (2003) has argued that entrepreneurship is far broader than these concepts mentioned above. Not all owner-managers can be considered as entrepreneurs, nor are all small business entrepreneurial (Carland et al., 1984). Carland also has argued that entrepreneurial small business is aiming at profitability and growth, and the business is regarded to be innovative.
Many people dream of becoming entrepreneurs someday. But it made me realize that there other factors that needs to be taken into consideration. We need to ask ourselves are we ready to take the challenge to the outside world. Not everyone have the vision, innovation and creativity to become an entrepreneur. The individual must have a positive attitude and accept the responsibility, have discipline to meet their goals, and take action when the opportunity presents itself. Many prefer a job security and rely on a weekly paycheck, while entrepreneurs will take risks and doesn 't have that luxury to know the amount of their income.
More and more countries are giving more and more importance to entrepreneurship studies and entrepreneurial programmes which have contributed largely to develop and shape an attitude and inclination towards entrepreneurship as a career in students. But still there is a popular question if entrepreneurs are born or made. There have been lot of research to determine if entrepreneurs are a special breed of human, with a need to achieve and succeed or if they can be created through education, training and
The path to achieving great success is not easy. Whereas there are many shortcuts, the long and patient walk is what takes a person many miles ahead. This concept applies to any individual who aims at becoming a successful businessman. The process of becoming a successful businessman requires a person to attain several accomplishment levels. Each of the level takes energy and time, as well as the ability to recognize the things that make a person truly successful in the business world and life. Becoming a successful businessman requires measurements that take into account not only the monetary and material gains but also the greater scheme of things. Therefore, true success measure achieves in light of creating wealth and value. These factors are vital in the lifetime of success as they present an intangible worth and measurable profit. This essay discusses the way a person can become successful as a businessman.
Being an entrepreneur, is advanced citizenship, you have to want it real bad. Entrepreneur is not entitlement. Being an entrepreneur is a life commitment. Like in the movie Wall Street, a famous line was "You can 't be a little bit pregnant." The fact is you can 't be an on again, off again entrepreneur.
•The actual reality is that the environment could be potentially stressful as they will be dealing with employees, economic downfall and competition. So the pressure is on to stay afloat.
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