INTRODUCTION Both small businesses and entrepreneurs are key for the economic growth and development for any given economy (Lucky & Olusegun, 2012). It is common to get the two mixed up, as they tend to achieve the same goal, however they differ considerably and hence, it is important to distinguish between a small business and an entrepreneur (Darren & Conrad, 2009). Oxford English Dictionary defines an entrepreneur as “a person who sets up a business or businesses, taking on financial risk in
and proceed with my goal of becoming an Entrepreneur. As my age increased, I started to grab many ideas and concepts relating to business. The other factor which made me choose my career to be an entrepreneur was- during my 2nd year of under graduate; my University organized a workshop on Entrepreneurship, where the Director of my University gave an inspirational speech. These induce a spark and instilled confidence in me to take up the role of an entrepreneur in my own country. However, I have realized
Entrepreneurs are people with unique vision and the ability to take risk which other people might not take. According to the statement given “Sometimes the manager of the small business does not have the capacity to operate it successfully. The owner lacks the leadership ability and knowledge necessary to make the business work”, this reflects to the situation when the entrepreneur does not have the resources, in terms of financial, physical labour. The second line reflects to the point when the
INTRODUCTION Traits and Qualities of a successful entrepreneur is the differentiating factor, from any average entrepreneur. Owing to the increase in the multitude of offerings and products in the market, finding profitable ventures need not only a good idea/business plan, but also the proper frame of mind and business acumen to execute the idea. Some traits are acquired with years of experience, whereas some qualities are innate such as having an intuition about the viability of the idea after scanning
time. According to Schaper (2005), the common terms for entrepreneurs can be described as business opportunities created and seized by people which are also willing to take the risks of the implementation of their new ideas. Entrepreneurs are thought to be individuals with an ability to have creative thinking and are able to distinguish the risk of the new business, which withdraw from the conventional business thoughts and ideas. Entrepreneurs are the individuals who implement and develops new ideas
and has published several books. Sally R. Osberg is President and CEO of the Skoll Foundation, which supports social entrepreneurs whose proven models are giving solutions to many of the world’s most compelling problems or issues. She is also a founding director of the Social Progress Imperative and serves on the Advisory
Candace Allen’s article titled “The Entrepreneur as Hero”, she introduced that every society needs heroes. First she said that heroes go to the unknown. Second is the encountering of the hardship and challenges. Third is the return with something new. The author tries to compare the pattern of the hero to the entrepreneur, finding themselves in a difficult situation then finding ways to get a solution. Furthermore, she also mentioned that “The heroic entrepreneur will continue to anticipate what the
Types of Entrepreneurs Definition: An Entrepreneur is a person who has a role of an industrialist and forms an organization for the commercial use. He is a change agent who transforms the demand into supply by forecasting the needs of the society. an entrepreneur is an initiator, a challenger and a driver. An entrepreneur is someone creates a new one company or a business. Entrepreneur is the beginning or sometime end of a venture, project or a activity.an entrepreneur is thus not idea creates,
Entrepreneurs usually is someone who dare to take risks with very extreme level. This can be proven when they chose the path to becoming an entrepreneur, because it makes them full of challenges, problems and uncertainty in their life. Extreme risks taken would have to be measured properly, if not it will be a catastrophe in the future. As an entrepreneur, whether you are an extreme risk taker or someone who is reckless? I have bitter experience when I decided to get out of where I work before
ABSSTRACT: Women entrepreneur is any women who organizes and manages any enterprise, especially a business. Women entrepreneurs who engage themselves in business due to push and pull factors which encourage women to have an independent occupation and stand on their legs. A sense towards independent decision-making of their life and career is the motivational factor behind this urge. Saddled with household chores and domestic responsibilities makes the women to get independence. Under the influence