Entrepreneurship Promotion Project: Success And Financial Challenges For Success

744 Words2 Pages
bulb-icon

Recommended: The role of entrepreneurs in society

An entrepreneur is a person who sets up a business or businesses, taking on financial risks in hopes of making a profit. Prior to presenting our entrepreneurship promotion project, many of our students had a limited, if any idea, of what an entrepreneur is. The purpose of our entrepreneurship promotion project was to educate our fellow classmates on the roles of an entrepreneur and what it takes to become one. Entrepreneurs have to work through extreme measures in order to gain success aside from the fact they shall not dwell on failure and stay motivated to achieve their set goals. This project provided the possibility for our students to meet face to face with real entrepreneurs and discuss the challenges they are faced with choosing to be …show more content…

We wanted to promote and educate Landstown students, which we did by having them attend our entrepreneurship forum where they met with real entrepreneurs. This enhanced many students understanding of the qualifications for becoming an entrepreneur and the order of steps needed to take before doing so. Landstown High School has multiple alumni students who have achieved their goals in owning their own small businesses, and current students striving for success. Some of their businesses offer services to the community, while the others make their own products and sell them either online or locally in stores. Examples of the products are jewelry, clothing, candles, bath products,and services consist of lawn care,etc. These individuals especially enjoyed having the opportunity to network with successful entrepreneurs who volunteer to serve as mentors to these young striving future …show more content…

We successfully contacted six? Entrepreneurs, with the assistance of our wonderful marketing teachers, to come in at a time for two days? where they would speak to over 250 business, economics, and marketing students. They were invited talk about their experiences, good and bad, to motivate and be a role model to the students that are interested. The students were required to take notes and ask questions so they could retain the significant

Show More
Related

  • The Business Plan of Beyond The Fairway

    764 Words  | 2 Pages

    Allen, K. R. (2012). Launching New Ventures: An Entrepreneurial Approach. 6th Ed. Mason, OH: Cengage Learning.

    Read More

  • MBA Admissions Essay - My Most Significant Leadership Role

    346 Words  | 1 Pages

    In these difficult conditions, I realized there were many young people who were full of potential but lacked support. By meeting with these people, I motivated them to believe that together we could help improve collective situation. In October 1996,the seventeen of us founded the "Young Entrepreneurs Society" (YES). I served as the coordinator for the first two years. We figured that in order to get our message heard, we needed to prove ourselves a significant lot. We started with social activities like helping poor students with registration fees for matriculation exams and organizing blood donation activities, etc.

    Read More

  • Van Beek Business Scholarship Analysis

    619 Words  | 2 Pages

    With the aid provided through the Chevron International Reach Scholarship, Calvin College Honors Scholarship, and the Van Beek Business Scholarship, I could once again see a light at the end of the tunnel. In August 2012, I had the opportunity to pursue my college degree at Calvin College in Grand Rapids, Michigan. Amidst the culture shock, homesickness and diversity, one thing that stood out to me was the business dynamics in the United States. After extensive conversations with students and professors in the Business Department, I realized what my mother had lacked in the formation of her business—a Business Plan. In that moment, it occurred to me that there are infinite opportunities for improvement in the business sector in Nigeria, in which individuals would rather “wing it” than plan

    Read More

  • Why Is Entrepreneurship Important To Canada?

    846 Words  | 2 Pages

    There are many skills that are required in the field of business and a lot of it comes through education, training and past experiences. Canada has many Canadians that want these kinds of opportunities but it seems that not everyone can equally get them. In terms of inequality, there are young entrepreneurs that can be successful in the business network; unfortunately, they are not given the full opportunities to show that they can make a big impact to Canada. The purpose of this paper is to expand on the understanding that youths should have more opportunities to learn about entrepreneurship and have better access to services as impending entrepreneurs, because with young entrepreneurs as our future leaders, results in a brighter economy for this

    Read More

  • Top 3 Priorities Essay

    428 Words  | 1 Pages

    3. What lessons about entrepreneurship can you learn from Ann

    Read More

  • What I Learned This Year

    591 Words  | 2 Pages

    I have gained knowledge in each of my classes, but the greatest piece of information I have gathered is from my Business Competition 109. This course is taught by professors Crawford, Huston, and Polito in St. Francis Hall. The courses goal is to teach us teamwork skills, small business skills (being able to start one and the ability to run it successfully), and the time management since the course is on a schedule. The idea to separate the students into groups, have create a business plan and present there idea to the professors and their fellow classmates. At the end of the semester we present to local business people who will then vote on the top four businesses, taking into account profitability, presentation skills, and the quality of the business plan.

    Read More

  • Entrepreneur Interview Case Study

    901 Words  | 2 Pages

    I conducted a personal Interview with one young entrepreneur also a family friend by the name Wendy Robinson. A little bit about Wendy, is that she was born and raised in Kenya, she is the only girl in their family and is the eldest of two children. Upon graduating high school in November 2006, she spent most of her time searching for a job to occupy her time as she waited to join college. In order to keep herself busy during this time she decided to start her own business. She then came up with the idea of Importing and selling kitchen utensils such as pots and cutlery. A business that she owned and operated solely, and through which she was able to pay for college.

    Read More

  • Savvy Entrepreneurial Firm

    1000 Words  | 2 Pages

    Barringer, Bruce R. (2010) Entrepreneurship: successfully launching new ventures 3rd ed. Upper Saddle River, NJ Prentice Hall

    Read More

  • Call of the Entrepreneur

    989 Words  | 2 Pages

    In the documentary “Call of the Entrepreneur,” three successful entrepreneurs, Brad Morgan, Frank Hanna, and Jimmy Lai, are presented to explain their views on entrepreneurship and in turn leadership. Brad Morgan is the owner of a million dollar dairy and compost company, Frank Hanna is a merchant banker in New York City, and Jimmy Lai is the founder of Giordano department stores and Next Media. A central theme of the documentary is how each of these businessmen displays the characteristics of persistence, patience, and perseverance to overcome frustrating obstacles and become successful. The film defines entrepreneurship and explains how the entrepreneur responds positively to consumer demands and is able to organize and direct others toward a goal only the entrepreneur can see. The film shows that though some entrepreneurs are driven by greed and some are not, the ones that are successful are answering the needs of consumers.

    Read More

  • Characteristics Of The Entrepreneurial Process

    735 Words  | 2 Pages

    Entrepreneur are employees who work in business in an entrepreneurial capacity, creating innovative new products and processes for organization. “Entrepreneurs are “dreamers who do”, those who take hands-on responsibility for creating innovation of any kind within an organization.” -Gifford Pinchot The entrepreneur is an essential ingredient in every innovation. -Dr. William Souder, 2003

    Read More

  • Key Factors to a Successful Business

    1896 Words  | 4 Pages

    The success of a business is greatly dependent on its entrepreneur. An entrepreneur is someone who takes the financial risk of starting and managing a new business venture. In order to be a successful entrepreneur, one must be ready to take a risk and invest one’s own savings into a business. The job requires that the individual be ambitious and committed to working hard in order to achieve the set targets. A successful entrepreneur is able to multi-task and communicates effectively with people, possessing leadership qualities such as confidence and motivation. The individual must play the role of constant motivator and inspire employees to improve their work performance, whilst ensuring a comfortable environment for the employees to work in. According to Schumpeter (1982), an entrepreneur is more of a ‘heroic’ than an ‘economic’ figure; his motivation should not solely be monetary, rather stemming more from inspiration and ambition.

    Read More

  • Reflection About An Entrepreneur

    1110 Words  | 3 Pages

    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

    Read More

  • What Are The Importance Of Entrepreneurship?

    1844 Words  | 4 Pages

    Entrepreneurship is an important aspect of social, economic and community life. It can be viewed as a critical factor to economic growth as well as a way of addressing unemployment (Nolan, 2003).Entrepreneurs are people who are persistently focused on identifying opportunities, they seek to create something worthwhile while taking into account foreseeable risk and rewards associated with the efforts (Nolan, 2003). Furthermore, entrepreneurs are frequently understood to be individuals who discover market needs and establish new business to meet those identified opportunities. The following assignment will firstly discuss the types of entrepreneurship, secondly it will discuss the reasons people become entrepreneurs, and thirdly it will discuss the importance of entrepreneurship.

    Read More

  • Innovation In Business

    1411 Words  | 3 Pages

    The entrepreneur is defined differently across many platforms they all share some commonality (Davison, 2008). This commonality consists of certain traits such as risk taking, innovative thinking, and an opportunity-seeking mindset to create, improve or expand a business (Davison, 2008). The entrepreneur functions as a promoter to the generation of wealth (Davison, 2008). The entrepreneur is important for the movement of the market and constant challenge to the status quo, indirectly improving all related business involved.

    Read More

  • Characteristics of Successful Entrepreneurs

    1006 Words  | 3 Pages

    An entrepreneur is someone with the capacity to lead a business to success and is willing to take the risks in order to accomplish their goals. (Dollonger, 2002). Starting a new business is an example of entrepreneurship. Entrepreneurs are very important in order for any business to succeed, however, only some entrepreneurs will succeed in life. Here are some of the characteristics of successful entrepreneurs.

    Read More

More about Entrepreneurship Promotion Project: Success And Financial Challenges For Success

Open Document