The Entrepreneur

opinionated Essay
3031 words
3031 words

In the United States, approximately one in eight adults are self-employed. In their minds exists a one common dream. This is the entrepreneurial dream of self-employment. It is the freedom to start, grow, and cash in a new business. Most of the extravagant millionaires of today build up their wealth in this way. An entrepreneur is someone who has the ability to build and develop his own business. In today's fast paced world of business, many people chose to work for themselves. A career as an entrepreneur is a risky, yet personally rewarding endeavor.

Entrepreneurs start from ground zero with probably only a dollar in their pocket.

"Entrepreneurship is the ability to create and build something from practically nothing" (Timmons 1). Entrepreneurs should be admired more than anything for

their hard work and determination.

"It is initiating, doing, achieving, and building an enterprise or organization, rather than just watching, analyzing or describing one. It is the knack for sensing an opportunity where others see chaos, contradiction and confusion. It is the ability to build a "founding team" to complement your own skills and talents. It is the know-how to find, marshal and control resources (often owned by others) and to make sure you don't run out of money when you need it most. " (Timmons 1). To be an

entrepreneur, it takes the willingness to prosper with calculated risks; both personal and financial-and then do everything possible to get the odds in your favor.

Driven by an intense commitment and determined perseverance, entrepreneurs work very hard at what they do. They excel and want to win. Entrepreneurs are amazing people with a high respect of character. They use their mistakes as something to learn from rather than a failure. No matter the outcome, they believe in themselves and have an extreme confidence not only in themselves, but also in what they do.

"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.

In this essay, the author

  • Explains that one in eight adults in the united states are self-employed. self-employment is the freedom to start, grow, and cash in a new business.
  • Explains that entrepreneurs start from ground zero with probably only a dollar in their pocket. entrepreneurship is the ability to create and build something from practically nothing.
  • Explains that entrepreneurs take calculated risks and do everything possible to get the odds in their favor. they excel and want to win. entrepreneurs are amazing people with a high respect of character.
  • Argues that entrepreneurs are more celebrated than studied. they embody the virtues of "boldness, ingenuity, leadership, persistence and determination."
  • Explains that entrepreneurs have strong characteristics and similar ambitions. they strive through the ups and downs of start-up companies, are patient and wait, and have inventive and creative traits.
  • Explains that entrepreneurs are risk-takers, self-starters, confident, patient, and not afraid of hard work or long hours. they realize that most new businesses take years before they earn a profit.
  • Explains that entrepreneurs are the visionaries of our day and inventors of future. dan gerber started manufacturing baby food because his wife was mashing vegetables for their baby.
  • Explains that many entrepreneurs have made to the big time and their names have been famous throughout history. george parker invented his first board game at age 16 and his brothers formed george s. parker company.
  • Describes how grace founded gm consultants in 1981 and has expanded it into a successful consulting firm serving clients nationally and internationally.
  • Narrates how w.k. kellogg, henry ford, and william wrigley were successful entrepreneurs. their accomplishments have changed and sculpted society.
  • Describes the benefits of being an entrepreneur, such as the freedom to choose their path in life and follow their dreams.
  • Opines that the benefits of their job are that they get to do what they want, get paid, and set their own time and days.
  • Describes the benefits of being an entrepreneur. they can choose how much money will come into their business.
  • Explains the negative aspects of being an entrepreneur, such as the pressure of the shareholders.
  • Explains that successful entrepreneurs are willing to take on the demands and sacrifices of entrepreneurship, which are imposed upon them by the nature of the job.
  • Explains that an entrepreneur can suddenly have little or no money. if their stockholder decided to not finance them anymore, the business might not work out and will not prosper.
  • Opines that the high demand puts pressure on the entrepreneur to survive, stay alive, be strong for the company, and constantly out beat and outplay all competitors.
  • Describes the steps required to start a new company. they state that the entrepreneur must decide what is to be accomplished and what the overall dream is.
  • Recommends starting with what's important to you in life and brainstorming your personal goals for the next twelve months. the vision is the key aspect of any successful business.
  • Advises the entrepreneur to buy a business license from the state building of government building.
  • Explains that the entrepreneur must come up with a title for their company, which should be sharp and impressive, and sign an article of incorporation.
  • Recommends getting a city license from the city's business licensing building.
  • Explains that if you're purchasing wholesale merchandise for resale, your state may require you to register for seller's permit or sales tax permit. the business has to pay taxes to the city that the entrepreneur lives in.
  • Explains that a federal tax id number is required for all businesses. the entrepreneur calls the federal lists 1-800 number to get ss-4 form.
  • Explains that most small businesses don't need federal licenses or permits, but there are exceptions: interstate trucking companies, businesses offering investment advice, and businesses involved with meat preparation.
  • Explains that if the business is high-tech technology, they should follow this method. the entrepreneur decides whether to run it from home or to find a suitable office.
  • Advises people to avoid snap decisions by choosing from among alternatives and moving fast on reversible ones and slowly on non-reversed ones. do your decision making on paper, make notes, and keep ideas visible.
  • Opines that ideas should be creative and unique. claims are definitions and details of the idea. the idea must be thorough and looked at from every possible angle.
  • Explains that the united states patent office looks to see if anyone else has the same idea. it usually takes about three years to get a patent approved.
  • Explains that start-up businesses take five years to set up, but 95 percent of them fail. they either go bankrupt or can no longer support the company.
  • Explains that entrepreneurs have a strong stature that allows them to lay sturdy foundations for their company. they learn from their mistakes and take their failures as learning tools.
Get Access