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Entrepreneur Essay Topics & Paper Examples

Different Definition of Entrepreneur

a.) Entrepreneur is a loanword from French and was first defined by the Irish-French economist Richard Cantillon as the person who pays a certain price for a product to resell it at an uncertain price, thereby making decisions about obtaining and using the resources while consequently admitting the risk of enterprise. b.) An Entrepreneur is an economic agent who unites all means of production. Land of one, the labour of another and the capital of another and thus produces a product. By selling the product in the market he pays rent of land, wages to labour, interest on capital and what remains is his profit. c.) Entrepreneurs are innovators who use a process of shattering the status quo of the…

Nine Characteristics of Successful Entrepreneurs

1. Motivation Entrepreneurs are enthusiastic, optimistic and future-oriented. They believe they’ll be successful and are willing to risk their resources in pursuit of profit. They have high energy levels and are sometimes impatient. They are always thinking about their business and how to increase their market share. Are you self-motivated enough to do this, and can you stay motivated for extended periods of time? Can you bounce back in the face of challenges? 2. Creativity and Persuasiveness Successful entrepreneurs have the creative capacity to recognize and pursue opportunities. They possess strong selling skills and are both persuasive and persistent. Are you willing to promote your business tirelessly and look for new ways to get the word out about your product…

Concept of Education

Education involve training of entire person to enable them not only to read, write and calculate or to be proficient in a given job but also to enable them to fit themselves for living in the society, therefore, it is the training of a person intellectually, morally and physically. It is also an instrument for social development or social reform through individual development, education is a companion, it chastens vice and it guide virtues. Unarguably, education provides the means through which youths are informed in the aspects of living which are necessary for a happy and successful life. These aspects are the vocational and consumer aspect. Education is characterized with the following roles in the society: a. To develop social…

Entrepreneurship in Pakistan

EXECUTIVE SUMMARY This report is based on the past, present and future of entrepreneurship in Pakistan and internationally worldwide. The essential part of this report is the issues that the female entrepreneurs are facing in Pakistan and what opportunities should be given to them because this will lead the country towards the prosperity. ENTREPRENEURSHIP Entrepreneurship is a way to carry out organizations, the organizations that are under development or reconstructing and some also included those organizations that are already in existence.Enterprenuership is an entirely different field involving entrepreneurs different personality traits such as an entrepreneur should have good communication style, patience, foresightedness and many more traits which make him different and able to handle the risks and enterprises. Many organizations…

Customers’ culture

Once, one of our teachers told us that in order to ensure the success of our business, we must associate our potential products with the culture of our target market. It is in fact better if we are able to make our products become part of the customers’ culture itself. This is because doing so may not only translate to higher sales upon our entry to the market but, also, to a good amount of loyal customers. The more you position a product as if it is part of the customers’ daily lives, the more they would use it, the more they would demand for it. This may be great news for the entrepreneurs out there but is it also…

Most Commonly Cited Characteristics Found in Successful Entrepreneur

There has been extensive research conducted on the characteristics that successful entrepreneurs possess. These attributes vary widely across literature, however there are common key traits that are required to achieve any form of success. Frederick et al (2013) suggest entrepreneurs are risk takers, optimistic, have sound judgement and an ability to manage. While a review of literature relating to the psychology of an entrepreneur reveals a large variety of characteristics in a successful entrepreneur, these can be consolidated to a a few into only a few traits that are essential for a successful entrepreneur. Whilst taking into consideration Frederick et al (2013) point of view of key characteristic, other research suggests that there are further primary attributes that a successful…

Speech about entrepreneurship and franchising

Introduction Hello everybody! Thank you for inviting me, I am glad to see so many cheerful, and healthy, young business college students here today. First let me introduce myself; my name is Mark Rice, and I am the dean of the Babson Business School in Wilson, Massachusetts. I am here to share with you my knowledge about entrepreneurship. I will walk you through what it takes to become a successful entrepreneur, or even more evocative, what little it takes to fail in entrepreneurship. We will talk a little bit about franchising and herein I will give you an example of a successful entrepreneur. I hope that you, as young business college students, will find this very interesting, and with a…

Donald Trump Entrepreneur Essay

Donald Trump is a world acclaimed businessman who has inspired millions of readers to succeed, myself included. I chose to write his biography because I was enticed by his trials and triumphs in the business arena. I admire him for his courage in venturing to different businesses and writing books that share the most useful tips about business and success. He embraces the “never say die” attitude which led him to where he rightfully deserves to be—at the top. He operates vast numbers of businesses and realties which do not only regularly place billions of dollars into bank accounts; these business ventures also won him friends who have become dear to his heart. Moreover, aside from being a business magnate,…

Entrepreneurs born or made?

The following assignment will critically evaluate the statement to whether entrepreneurs are born or made. The Business Dictionary (2014) defines an entrepreneur as “Someone who exercises initiative by organizing a venture to take benefit of an opportunity and, as the decision maker, decides what, how, and how much of a good or service will be produced.” There is a debate as to whether or not there is such a thing as an ‘entrepreneur gene’ or are entrepreneurs taught and made through experience. Richard Baister (2007) states that “being an entrepreneur is not a job; it’s a lifestyle. People going into business need to have the energy, enthusiasm and motivation to carry them through the inevitable challenges they will face”. These…

Assignment Writing Guide

INTRODUCTION While your assignment comprises only 25% of your subject grade, it serves an important function in helping you focus on the concepts and clarify your learning. In this sense, the assignment prepares you for the exam, which is much more heavily weighted at 75%. Scoring well on the assignment can sometimes mean the difference between a pass and a fail for the subject – or a high distinction versus just a distinction. This Assignment Writing Guide consists of five parts: 1. Importance of citation and referencing 2. Using peer reviewed / scholarly journal articles; 3. A nine-step approach to writing assignments; 4. The basic format of an assignment; and 5. Appendix A – Example assignment with added comments IMPORTANCE OF…

Entrepreneurship Study

Entrepreneurship, retrieved from http://businessdictionary.com, “The capacity and willingness to develop, organize and manage a business venture along with any of its risks in order to make a profit.” As a business management student, I understand the idea of business itself. In my opinion; risk, capital, innovation, and proper management, are the four key factors that makes up entrepreneurship. Of course, if an entrepreneur lacks, at least, one of those, his business has a high probability of crumbling down into the ground sooner or later. There are a lot of factors that has to be considered first before an entrepreneur sets up a business. I have limited and vague ideas of the risks that an entrepreneur has to take in order…

Small capital in Philippines

This chapter consists of brief summary of articles, findings of the study that are related to the present study. It contains foreign and local literature, foreign and local studies. Local Literature According to Mishell M. Malabaguio of entrepreneur magazine Philippines, Small capital, easy set-up and a good chance of success are just some of the reason why Food Cart Business is thriving in the Philippines. If you will look at the market trend today, Food cart business is the choice of most aspiring entrepreneurs. A mobile food cart is a business where you can start on low capital ranging from P30,000 to a maximum of P300,000. But it could be a little lower though, depending on how you will put…

Interview with an Entrepreneur

The restaurant was founded in 2006 in Lodz. From the beginning, it was a restaurant with possibilityto organize closed parties like birthday party, wedding and so on. After market confrontation,restaurant was changed into a pub oriented directly to teenagers. The organization of events waspreserved. The company employed  in the beginning 3 people, then 8 person.1. What was motivated you to start your own business? The most important thing was to create something new what can bring more benefits than money.Money are of course very important factor in business but not always the most. Place where youngpeople can meet after hours was really good idea. It wasnt just for me, but I was there for them. Inthat time, that was…

Entrepreneurship the purist most challenging application of the art and science of business.

Corporate America repeatedly cites the ‘lack of entrepreneurial skills’ as the single biggest deficiency in MBAs – something that we fix in this course. Entrepreneurial skills and knowledge are mandatory for creating your own venture (for-profit or non-profit) , creating a new business unit within an existing enterprise, creating a new product or service offering and launching it, or for just being a much more inventive and creative desk jockey in a lumbering, bureaucratic human cesspit of non-productive activity. The conception and start-up stage of a new organization is a critical stage of the company’s life-cycle. It is the time for the venture to pull itself together and get up and running in time for ‘opening day’. It is an extremely…

Reflection Essay: G. Alan Moll

G. Alan Moll is a Chef and CEO of his own businesses, Good Earth and Fontana’s Italian Group which are located in Redwood City, California. He is an example of a business person that possesses all of the traits of a successful entrepreneur. From the time he was a child Moll had the desire to be around food; he worked with passion and determination to achieve his goals. Moll earned himself an excellent education and aligned him with mentors and positive role models as these were the foundation that led to his success as an entrepreneur. G. Alan Moll grew up in a lower middle class family in New Haven, Connecticut during the early 1950’s. During that time everyone in…

Restaurant Business Plan

Entrepreneurs who start new restaurants may overestimate the size of the market in their area and not take into account the tough competition they will face from established restaurants with loyal clientele. Doing a feasibility study prior to investing the time and money to open a restaurant can help an entrepreneur make a more informed decision about the venture’s chances of success. Starting or running a restaurant? These practical tools can help.www.virtualrestaurant.com Obtain Market Statistics Studying demographic characteristics such as age and income will help you estimate the size of your potential market. If you are planning a mid-price, family-style restaurant for example, you need to know how many families reside in your area. A heavy population of singles or…

Women Entrepreneur

1.1 MEANING The classic definition of an Entrepreneur is “a person who organizes and manages a business undertaking, assuming the risk for the sake of the profit.” The word ‘entrepreneur’ is derived from the Old French word ‘entreprendre’ which was first used by the economic ‘theorist’ Richard Cantillon in 1755 in an essay where he used this term to describe a person who assumed the risk of buying goods in the belief that they could sell them at a higher price at a later time. So, the term in French was used to describe ‘one who undertakes’ this particular risk. An Entrepreneur can be anyone of any age who has an idea and builds a business around that idea to…

Are Entrepreneurs Born or Made

Introduction An entrepreneur is a person who sets up a business by taking on financial risks in hope to make a profit. The word entrepreneur stems from the French word entreprendré which means ‘to undertake’. A couple of examples are Lord Alan Sugar and Bill Gates. Lord Sugar is an entrepreneur worth £800 million. He started by selling car aerials out of a van, he then set up his company, Amstrad which sold affordable hi-fi turntable covers. In 1993 he founded Amsair Executive Aviation with his son Daniel who provide executive and business jet charters. Bill Gates was the world’s first centibillionaire. He began programming aged 13 and continued to gain experience with computing before studying law at Harvard. He…

The Challenges which Entrepreneurs face in South Africa

Introduction Over the past few decades, the economy growth in South Africa has declined. The people who are focused on growing their businesses, are high potential entrepreneurs and they are also responsible for creating growth and employment in the economy. The economic growth rate needs to increase with 12% per year to get to the employment rate of 3% which will help to overcome the unemployment rate of 25.2%. But statistics reveal that if the labour market is more flexible the lower the unemployment rate will be. Another reason for South Africa having a high unemployment rate is because they don’t have enough business people involved in small businesses to create work for people. Entrepreneurship is a scarce resource in…

Entrepreneurs are born and made

There are two sides to every debate, and the “what makes an entrepreneur” argument has raged for decades with neither side able to conclusively prove their case. There are many who believe that an entrepreneur must possess personality traits such as vision, passion and drive that are innate and cannot be taught. Others argue that the skills of evaluating opportunities, motivating people and operating a business are easily passed on to eager students looking to be entrepreneurs. The truth is that both sides are right and it’s time for a compromise: Entrepreneurs are born and made. Some people may be natural entrepreneurs and immediately open a business, others will have studied and trained long and hard before doing so, and…

Who Owns the Ice House

1.) What did you find to be some key themes in this book? (Please list and describe at least 4). Answer. a.) Choice – The power to choose is a fundamental concept of an entrepreneur’s life. Our environment can affect the choices we make. We tend to respond to our circumstance by choosing the way by which we respond. One can choose to give a positive or a negative response to their environment. The choice we make is what determines the outcome of our lives. “The mark you make today will show up tomorrow”. b.) Opportunity – Opportunities pose as problems in disguise. Entrepreneurs are problem solvers; this skill is what gives them hindsight to identify opportunities. Solving problems for…

Trait Approach to Entrepreneurship

What makes an entrepreneur, an entrepreneur? Could it be the environment they grew up in or simply, the personality that they were born with or developed as they grow? This essay would present on the traits one should have to perform in this career and how these personalities would benefit them as a businessperson. Apart from that, it would discuss the different approaches and analyze it against the trait approach. The essay would start by discussing the traits of an entrepreneur through theories by McClelland and Meredith, Nelson and Neck and the different approaches related to the topic. These theories would then be supported by evidences and examples and then be compared to the social approach of entrepreneurship. It would…