A New Enterprise

A person who starts a business is someone who assumes the financial risk of the initiation, the operation, and management of the business. ,“An entrepreneur is someone who organizes a business venture and assumes the risk for it”. (Define an Entrepreneur, Source: H) A person who has possession of a new enterprise, or “idea and assumes significant accountability for the inherent risks and the outcome” (Source: H) can be known as an entrepreneur. “The term is originally a loanword from French and was first defined by the Irish economist Richard Cantillon.” (Define an Entrepreneur, Source: H) “Entrepreneur in English is a term applied to the type of personality who is willing to take upon her

An entrepreneur “refers to anyone who has responsibility for a firms decisions concerning choice of technology, rates of investment and scrapping, research expenditures etc. The group included he individual owner-manager head manager and individual or groups of corporate officials”( Entrepreneurship 1870-1914 floud and Cosky) .An Entrepreneur is one who organizes

Entrepreneurs are the people who are not afraid of taking chances though knowing that the chances might be bad, but nonetheless they are always positive and hope for the best. The risks they take are well calculated so that when it succeed, it brings good results.

Sherman Anti-Trust Act-It was used to ban trusts in business. However, it was used to turn against labor combinations instead of stopping big business owners.

Daniel Feller points out that these corporations became “a key organizational tool of expanding American economy” (36). The protection that corporations offered were usually reserved for entities that promoted the general welfare such as school, charities, and churches. States began to look at other public interest entities in the corporate charters. Ohio, for example, granted many charters between 1816 and 1826 to include some for-profit corporations. These business included facilities such as bridges, water companies, and turnpikes in which investor gained profits from tolls and user fees ( Sellers 45). This development showed the states willingness to foster development as well as raise revenue. The first real business corporation was the Boston Manufacturing Company in 1813 (Feller

An Entrepreneur is a person who forms and operates a business. Entrepreneurs form and start companies by themselves, or with partners. Most of the time companies which are started by entrepreneurs are relatively small in size, but some grow into huge corporations, such as Microsoft which is owned by Bill Gates. Entrepreneurs have four different options when starting a business, which include a sole proprietorship, Partnership, limited liability company, and also a corporation. Each form has its advantages and also disadvantages depending on what the type of business is, and also what service it provides.

Entrepreneurs, individuals who come up with an plan in means of profit while knowing the risks that comes along. however, in adam smith time(1723-1790), the definition of an entrepreneur was different it was an “ individual purusing his or her own good to achieve the best good for all”. Those individuals led by the “invisible hand” would provide

Some dictionaries define an entrepreneur as “a person of very high aptitude who pioneers change, possessing characteristics found in only a very small fraction of the population,” and it originates from “entreprendre” in French which means “to undertake”(A Definition). Others define an entrepreneur as “a person who sets up a business or businesses, taking on financial risks in the hope of profit.”(Definition of Entrepreneur). I believe that it’s not only risk and money that makes an entrepreneur who they are, but it is also about the talent as well as the desire to want to change something in a positive way. I use this definition to decide who is a greater entrepreneur, Dr. Dre or George Washington?

An entrepreneur is a person who organizes and manages a business undertaking, assuming the risk for the sake of profit. According to Martin (2010) an entrepreneur sees an opportunity which others do not fully recognize, to meet an unsatisfied demand or to radically improve the performance of an existing business. To have self-belief that this opportunity can be made real through hard work, commitment and the adaptability to learn the lessons of the market along the way. For example, When an almost bankrupt security company was offered to her, Datuk Maznah Hamid and her

Entrepreneurship is the willingness to take risks to create and operate a business. An entrepreneur is someone who sees a potentially

An entrepreneur is someone who organizes, manages, and assumes the risks of a business or enterprise (Merriam-Webster, n.d). Some characteristics of an entrepreneur are, the willingness to work hard, the desire for responsibility and the confidence in their ability to succeed. The person that I chose to interview for this paper is, Adama Kuyateh.

According to Schaper and Volery (2007), entrepreneurship comes from the French word “entreprende” which means “to undertake” or “to take in one’s own hands.” Entrepreneurship as the process brought by individuals, of identifying new entrepreneurial opportunities and converting them into marketable products and/or

In the main 19th century, countless new enterprises sprang up in the railroad and assembly industries. The New York Transactions Board had next mandated an association to have a minimum of 100 stocks in order to transactions in their exchange. Countless of these new firms might not encounter such necessities to be tabulated on the Board. A cluster of non-member brokers catered to the needs of these firms as they traded their stocks beyond the registered exchanges. These brokers came to be recognized as the curbstone brokers, as they led their auctions out in the street. These brokers frequently traded stocks that were speculative in nature. With the invention of oil in the afterward half of the 19th century, even oil stocks went in into

With the company running on more of a feudalistic way and on old European ideas it was the main downfall of the company. After the failure of the company and reorganization the area of Virginia became more of a plantation type company. This was a period of simple trade with everything needed being made by hand or harvested, which resulted in a limited supply. John Smith played an important role in Jamestown his leadership and work ethic helped form the Virginia colony. Virginia didn’t become a successful colony until after they started raising and exporting tobacco. John Rolfe was one of the English settlers in Jamestown that discovered how to grow tobacco and cure it for export (Focus on Colonial History (1600-1763) , 2014) . The entrepreneurial spirit was seen in the investors of the Virginia Company and the colonist because people of the time wanted to improve their existence. Like early capitalism the United States can still see a form of this today as investment when we invest in our companies 401k plans. We also see a form of mercantilism with the balance of international trade with the exports and imports of our country and others especially Japan and we see a form of it in some economic

The first change according to Nace (2005) is that of easier incorporation “This new system of automatic approval for new corporate charters, known as general incorporation, had first been introduced in the late 1700s as a means of allowing churches to receive charters without the need to seek specific approval from the state legislature.” (p. 89). Easier incorporation that began in the late 1700s could be said to be the start of the empowerment of corporations. While only churches were granted general incorporation in the late 1700s, any individual according to Glasbeek (2002) can easily create a corporation in today’s corporate world “One of the more astonishing things about this legal creation (and there are many) is that there are virtually no legal barriers to hurdle for any individual who wants to form a corporation.” (p. 7). In essence, the first change marked the beginning of the empowerment of corporations by a way of making it easier to incorporate. In relation to easier incorporation, the second change is that of perpetual existence as it was described by Nace (2005) “The classic corporation was chartered for a limited term and had to periodically apply to have its charter extended — every six to fifty years, depending on the type of business. After the advent of general incorporation statutes, states gradually began to replace limited terms with perpetual terms (almost half done so by 1903)” (p. 91).