As far back as I can remember, I always wanted to create software. After finishing high school, I studied software engineering with information systems management as an option at the INSAT. I personally focused on big data technologies and data mining techniques because they give us a clearer vision of where the company is heading, and, as I thought, they would bring me closer to the decision process. But as I am approaching the end of my studies, and after a data analysis internship in 2014 at Kent State University where I had to visualize and predict the grades of the students, I understood that it was not trivial to advise on what decisions we have to take, even with all the possible data at our disposal.
Entrepreneurship looked so easy
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I obtained a scholarship to do an exchange year in the US from the US Department of State, where I witnessed how hard Americans work. The next summer, I did an internship at the Austrian Institute of Technology in Vienna, and I discovered a new level of seriousness and productivity. I am today looking for new challenges where I can learn more, not following the classic path of “just” software development. My long-term objective is to get into the startup ecosystem by working as a consultant first, to practice on a maximum of different cases, and then, when I feel ready, become an entrepreneur. Where Venture Capitalists invest money, I want to invest time. I keep being advised that launching a startup is the best way to become a good entrepreneur, but I firmly believe that you need to prepare carefully for that. It is true that you can learn from your mistakes, but there are so many mistakes that can be …show more content…
I actually don’t believe in pure luck, as I think that it can be attracted by hard work, ambition and faith in your abilities and ideas. It doesn’t matter that the odds are low, as long as you keep working hard and ready to seize opportunities. Who would have thought that a young South African (Elon Musk) would be owning a spacecraft manufacturing company on the way of sending people to Mars? Who would have thought that a young English teacher in communist China (Jack Ma, owner of Alibaba) would become one of the world’s most successful persons thanks to the Internet? They did. It’s the most important. The reason why I got to meet that retired architect in Houston was being there by myself and being open to talking with strangers. I learnt so much about the city by meeting him and when I think of it, it was not just
Many people say that their luck has brought them to where they are right now, but is that REALLY the case? Probably not. To be honest, they’re probably trying to be humble. Although luck takes a big part in success
Many things have changed from the 1950s, including entrepreneurship. Technology has made the option of becoming an entrepreneur accessible to almost anyone. However, we are beginning to see a decline in entrepreneurs in the United States, this is due to large companies who seem to be spreading all over the United States and into other countries like a wildfire. The big start to entrepreneurs becoming popular was after World War two when Americans were no longer worrying about the future and instead could see something better. That is why entrepreneurship took off in the 1950’s, it had progressed for many years creating new jobs and opportunities but recently we have come to a drop in opportunities for people seeking to be entrepreneurs.
Luck is an important role in a person’s success. Home life, financial situation, location, and other elements are all a part of someone’s luck. If a person originates from a supportive, wealthy family, chances are that the person will grow up to become very successful. On the other hand, someone born into a careless, destitute family, will most likely struggle to find the path to success. In
The universe is like a mirror. Events that occur in life are reflections of what one puts into the universe. The word and idea of luck was invented as an excuse for abnormal events that take place in our lives. Though, everyone has their own preconceived idea of luck and how it works. Their perceptions of luck is one thing that refuses to change unless it benefits them.
There is no better person than asking Oprah. Oprah suggests that there is really no such thing as luck. According to her, everything that happens in a person's life prepares them for lucky circumstances. Oprah said, "Luck is preparation meeting opportunity." In other words, the odds of being lucky increase when people set goals, take the steps to reach them, and position themselves for meeting opportunity.
Last summer, I learned that a lack of experience can be extraordinarily stressful, but can also foster creativity and spur personal and intellectual growth. In my junior year, an opportunity opened up at my school for students to apply for a summer internship at a tech startup of their choice. I was of ten students accepted into the program, and despite the wide assortment of companies available in nearby Silicon Valley, I chose to use the $2000 stipend provided to travel to Munich and intern at a German engineering company called KONUX. Just after summer began, I left home for an unfamiliar country and an unfamiliar language, bringing with me only a basic understanding of what the company did, what my role would be at the company, and how my stay would be structured. Upon arriving, I was asked to assist in the establishment of a marketing presence in the United States.
Corporate Entrepreneurship can be seen as the process whereby an individual or a group creates a new venture within an existing organization, revitalizes and renews an organization ,or innovates. Zahra’s(1986) definition of corporate entrepreneurship suggests a formal or informal activity aimed at creating new businesses in established firms through product and process innovations and market developments,whereas sathe(1985) defines corporate entrepreneurship as a process of organizational renewal. Corporate Entrepreneurship has emerged as a much needed ingredient contributing towards the growth of any organization under a changing business environment.
Entrepreneurship incorporates unconstrained imagination and a readiness to settle on choices without strong information. The entrepreneur may be driven by a need to make something new or assemble something unmistakable. As new ventures have low achievement rates, the business person should have impressive tirelessness. Because of this, the entrepreneur may have the best risk of achievement by concentrating on a business sector corner either too little or too new to have been commanded by built up organizations.
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.
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).
We learned a lot of things in this course, but I think the most important lesson I learned is that it’s not easy to be an entrepreneur. I was surprised to hear in the first class that 80% of startups fail, but after reading The Art of Start and E-myth Revisited I understood why this happens more often than one might expects. Some people start their own businesses for the wrong reason and some start with wrong mindset. I’ve always thought that if someone has a brilliant business idea and hardworking they will succeed and grow their business. However, now I know that there are many things to consider before starting any business. In fact, there are many strategies that an entrepreneur could follow to achieve success, such as know your customers, work “on” the business, and how
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.
entrepreneurs have the ability to come up with new ideas in various situations of which one might have never imagined. Entrepreneurs have a curiosity that identifies overlooked niches and they are constantly trying to innovate (Robinson, 2014). They imagine another world and have the ability to communicate that vision effectively to investors, customers and staff.
1. WHY? Develop your "why". As an entrepreneur, not all times you have in business will be perfect. In fact, there will be many, many difficulties along the way. However, if you can develop your why, you can achieve success. Your why must be this personal, passionate, emotional drive that keeps you going, when the world tells you to give up. It is the reason you commit and work so hard. Pushing on when it seems all the odds and world is against you. Your "why" becomes your driving will to wake up and do it again tomorrow.
Risk-taking is one of the chief dimensions of entrepreneurship. Entrepreneurs are found to be more risk takers than the managers and salaried employees, such that, they are willing to put their homes on mortgage, jobless and can work for years without any earning (Burns, 2011; Masters & Meier, 1988). According to (Moore & Gergen, 1985), entrepreneurs always take calculate risk and always analyse the situation. Cognitive Psychology supports that the risk taking ability is just limited to their area of expertise (Sjöberg, 1978, Heath & Tversky, 1991). According to (Heath & Tversky, 1991), entrepreneurs take more risk in the area of their interest and expertise and not in those area, they have little knowledge about. But even then also, they take more risk than general population.