There has been a large amount of attention paid to the subject of entrepreneurship in the last few years; mainly because most people have chosen to go from working for somebody else, to be their own bosses and work for their dreams. Nevertheless, many still wonder what is entrepreneurship and what is that sets entrepreneurs apart from other regular business owners. At first, it seems both concepts do not differ much from each other since they both start up and run businesses and assume risks to pursue opportunities; however, there are certain traits that difference them.
1 .Introduction 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. 2.
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.
Some of it depicts business visionaries as verging on legendary characters who acquire their abilities from an exceptional hereditary mix. In any case, examination lets us know that entrepreneurship can be learned. The information in this article gives a few attributes and aptitudes you
Entrepreneurship plays a more important role in modern open economies because globalization and ICT- revolution are requiring structural change and reallocation of resources (Wennekers and Thurik, 1999). Many studies related to entrepreneurs show that females are still the minority in decision making and entrepreneurship (Aaltio, Kyrö, and Sundin, 2008). Tao Liang, founder of Chengdu Transcen Landscape Design Office Limited, accepted an interview with us and allows us to use this interview to discover the formation of a female entrepreneur. In this report, we use the economic approach, entrepreneurial personality approach and socio-behavioral approach (Deakins and Freel, 2012) to analyze whether Tao Liang is entrepreneurial or not and the key factors to make a female entrepreneur.
"Entrepreneurs who start and build new businesses are more celebrated than studied. They embody, in the popular imagination and in the eyes of some scholars, the virtues of "boldness, ingenuity, leadership, persistence and determination." Policymakers see them as a crucial source of employment and productivity growth. Yet our systematic knowledge of how entrepreneurs start and grow their businesses is limited. The activity does not occupy a prominent place in the study of business and economics.
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.
Women Entrepreneurs have grown in large number across the globe over past decade , and increasingly entrepreneurial potential of women have changed the economy in many parts of the world . But that does not mean the problem is completely solved. In support of the Research Centre of Applied women in the United States because the UNECE (2004) and Mahbub (2000 ) have identified the following factors that affect women entrepreneurs
Question 1 What are the steps to be a good entrepreneur? Write your suggestion and recommendation based on your observation and experience in Malaysia. 1.0 Introduction An entrepreneur is a person who organizes and manages a business undertaking, assuming the risk for the sake of profit.