1. How Does A College Education Impact One's Potential To Own A Business

I have always been interested in “doing my own thing” or, better known as, entrepreneurship. In high school, I would buy T-shirts, sweatshirts, and hats in bulk. I’d embroider little emblems on them and mark up the price by 100%. People at school would buy $1 shirts and pay $9 for my craftsmanship. However, I wanted bigger and better things. I channeled Andrew Carnegie in my approach to business: why just stop at my little venture when I could vertically integrate and market for myself? I decided to invest all my money in a new cause and thus, my own social media marketing company was born. The skills I’ve learned in starting my company is something that cannot be taught. I would relish the opportunity to grow and learn at an institution like The Stephen M. Ross School of Business that understands the importance of innovation and exploration.

Let’s look at it this way; profitability is important to the success of any business enterprise. However, I believe the success of any venture shouldn’t only be defined by parameters like profitability, scale and revenue, but by the value proposition it offers to the larger community. For entrepreneurs out there looking to formulate success strategies to prop up their businesses, I would like to say stay true to yourself by committing to specific goals which you must work on diligently. My passion has always been to help students adopt efficient learning strategies. I love it when we see our students excel and enjoy studying subjects that they like with utmost

The ELAC Foundation has utilize the feedback it has obtain from departments and students in establishing an incubator project in joint collaboration with OmniWorks. The project’s objective is to create of a scalable model of a state-of the-art entrepreneurship and innovation center, provide business/financial curriculum, mentorship, and access to capital to create pathways for students and community entrepreneurs to greater success high growth business sectors. The goal of this center is to position ELAC as a leader in entrepreneur and strong workforce initiatives, deepen college ties to businesses and the community, and increase potential for corporate sponsors, and enlist local business leaders to: serve as mentors, participate as guest speakers, create paid internships and help build supply chain diversity.

As we all know college or higher education is not cheap and easily obtained. It is something that is earned and shouldn’t be given. As we all are going to community college we are choosing the route that is either cheaper or the best effective route to getting education. Those of you that choose this route it is great because you could still keep your full-time job and go back to school for the cheapest amount with the same degree. I on the other hand have come back from East Carolina University and have learned a lot about how a school system works. Those who believe that school is not a business, you are terribly wrong. College or higher education is a business because the cost to go and the demand for college isn’t decreasing it is only increasing.

In Initial Human and Financial Capital as Predictors of New Venture Performance, Cooper et al (1994), reviewed a sample of 2994 entrepreneurs across various sectors, high-tech and non-high-tech, to determine whether an entrepreneur’s upbringing, experiences and education had a statistically significant relationship with the probability of success.

Sitting at a desk answering phone calls or in a library doing research all summer may not sound that appealing to too many people,especially a high school student,but to me it sounds like opportunity's knock. I will be going to college for a business degree,so I would be grateful for the experience of working in a similar atmosphere and getting a feel for what I plan to do with my life.Furthermore, I do enjoy learning new things and I believe hard work is the key to success.With that being said,I am a plausible choice for this job.

secretary of education states that “high-quality education" that encourages "creativity, imagination, and ingenuity’”. It is true that thirty percentage of startup business failure reasons of “unbalanced Experience or Lack of Managerial Experience”, followed by “lack of Experiences in line of goods or services” is about eleven percentage. Interestingly, company competence occupied the highest rate of failure of 46% (Statistic Verification, Entrepreneur Weekly, Small Business Development Center, Bradley University, university of Tennessee Research). In addition, successful entrepreneur usually possess “highly motivated and willingness to take initiative to execute duties” and have appropriately responsible to their activities, decision, and company’s outcomes.

Research shows that business plan competitions throughout time have always provided a substantial opportunity to improve entrepreneurial education. Student entrepreneurs originally were interested in business plan competitions because it was a place for them to create and pitch their business ideas to real investors and get incredible feedback. However, over time, the location of the competitions, the people competing in the competitions, the robustness of business plans, and the outcome of the competition have changed. These four factors affect each other and have changed how people go about growing as entrepreneurs.

Andrews, Iberman and Lovenheim set out to prove that the major a college student chooses affects earnings and educational attainment. They point out that other studies have been conducted on educational attainment returns, however it is noted that the other papers lack in the fact that they do not account for heterogeneity in college quality or in the major of study that the student selects. Andrews, Iberman and Lovenheim, thus have decided to zero in on the effects of majoring in business for college students in the state of Texas. Their contributions provide surprising evidence that challenges the idea that women benefit greatly from majoring in a “STEM” field as well as evidence to support that majoring in business increases the

The purpose of writing this report is to show how much I have learned and experience from enrolling in BBA 220. It is also include the impression and my personal reflection about the unit itself, and also the reflection about group project. Before I start this unit, I do not understand much about entrepreneur and entrepreneurship at all. I just know that people who do business are businessmen. However, after joining this unit, my understanding toward entrepreneur become different. Entrepreneur is someone who is willing to take risk by inventing a new business that does not exist in the market or start up their own business to make profit or take benefit of an opportunity. On the other hand, according to Joseph Alois Schumpeter (1883-1950),

First, in the chapter six assessment we learned about managing small business startups. This “Do You Think Like an Entrepreneur?” assessment measures the likelihood of me becoming an entrepreneur. The self-assessment questions to some aspect of improvisation, which is a correlate of entrepreneurial intentions. Entrepreneurial improvisation consists of three elements such as creativity, ingenuity, and the ability to produce novel solutions under constrained conditions. Successful entrepreneurs also have the ability to work well under pressure while also having action, persistence, and the determination to achieve goals and solve problems in the moment. Based on my personality, I would have assumed that I would was not fit to be entrepreneur because although, I am always

The economy is composed of enterprises and businesses. Our economy has survived because the industry leaders had been able to adapt to the changing times and supplied mostly the communities’ needs. Entrepreneurship produces financial gain and keeps the economy afloat, which gives rise to the importance of innovation in entrepreneurship. Entrepreneurs are innovators of the economy. The importance of innovation in entrepreneurship is another key value for the longevity of a business. And, being innovative has helped us become successful in all our endeavors.This leads me to choose my higher education in “Master of Business Administration

However, it should be noted that the Institute’s Entrepreneurship Fundamentals course began in spring and ran through the summer. As a result, this schedule duration became an inconvenience for some students but most importantly it contributed to our low class retention. Although students of various skill levels became

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Business Studies is an important course that prepares students to face the real practice of commerce. Engaging theory and practice is instrumental in ensuring that students learn the underlying factors that determine the practice of every business practice. Carroll and Buchholtz (2011) suggest that business forms the backbone of the current economic activities as every activity of human life must involve some loss and gain together. Additionally, he notes that entrepreneurship is taking deep roots in the society, a condition which mandates everybody to possess some knowledge in business. Drawing reference from the aforementioned statements, it is important for the society to have individuals who possess not only