Entrepreneurship : A Worldwide Economic Driver Essay

that takes the risk in order to succeed. They are also the ones that boost and help the economy of a country. Last Friday, our teacher has invited guests to talk about being an entrepreneur. I learned many things and I was able to know how entrepreneur does things. The first speakers were Miss Archelle Ferrandiz and Arabelle Santamaria from Miriam College. They came up with a non-food business named Inabel that supports the dying industry of weaving. Sadly, Inabel was stopped because their other partners don’t have the same vision like they do. They stopped contributing ideas because they are not gaining money. According to Miss Archelle Ferrandiz, sometimes it is not only about gaining money it is also giving back to others. The way I think about on how business works were changed. Now, business for me is not all about money but being happy on what your business does to people around you. She said that we should be risk-takers in doing business. It simply means that we believe in our vision that it will hit the market. If ever the business fails, we will able to know what went wrong and with that if we start a business again the chance of falling again is decreased because we have the advantage of knowing what could possibly went wrong. She also quoted a quote from Martin Luther King “IF YOU CAN’T FLY THEN RUN, IF YOU CAN’T RUN THEN WALK, IF YOU CAN’T WALK THEN CRAWL, BUT WHATEVER YOU DO YOU HAVE TO KEEP

First, John D. Rockefeller didn’t start as wealthy young boy he was poor growing up sold candy for a living and with every piece of candy he sold, he made money to support his family because he could not rely on his father because he was conman who left all the time. John D. Rockefeller started to get into the oil business he saw a lot of potential in oil, he became interponer and saw that oil could make him rich and powerful.

In a comparative light there seems to be significant problems, or obstacles, for African-American entrepreneurs. These problems are categorized by environmental factors, opportunity factors, and issues related to capital. The purpose of this paper is to provide sociological, and economical insight to the plight of African-American entrepreneurs. There is an effort to trace the development of African-American entrepreneurship throughout American history, in the post-reconstruction era to the present, in relationship to social conditions of discrimination. Uniquely, African-American entrepreneurs are involved in the affirmation of a paradox of American ideology. African-American entrepreneurs, in

In the industrial age, there were these people called the "titans." John D. Rockefeller was considered one of the "titans." Rockefeller wanted to be the richest man in America, however, he was the first billionaire in America (Independence Hall Association, 2015). He was born in Richford, New York in 1839. Rockefeller was the second child and he had five other siblings which were William Rockefeller, Frank Rockefeller, Lucy Rockefeller Briggs, Francis Rockefeller, and Mary Ann Rockefeller (Famous people,2015). He married Laura Celestia Spelman and they had five children. His father, William Avery Rockefeller, was a doctor that thought he could cure cancers. His mother was Eliza Davidson Rockefeller and she was a very religious woman. She taught John how to save and give to charities. He worked for his neighbors and raised turkeys for his mother. By the time he was twelve years old, he had saved $50 dollars, which back then was a lot. The family moved to Owego, New York in 1851 and in 1852 John attended Owego Academy. He was an average student in all other subjects besides Mental Arithmetic. He could solve these problems in his head when most people couldn 't solve them on paper (WGBH Education Foundation, 2015).

First, the history of John D. Rockefeller and his rise to power. Rockefeller was born in the United States into a poor family in the year 1839. He worked from a young age until he had the chance to invest in oil. The interesting part is that he did not

I have always been fascinated by the concept of the “American Dream”. Even if, nowadays, this concept is more and more criticize because some people believe that the structure of American society doesn’t follow anymore the idealistic goal of the “American Dream”, providing example such as inequality in class or race which suggest that the “American Dream” is not attainable for all. But to me the term “American Dream” stays unchanged: all people can succeed through hard work, and all people have the potential to live happy and successful lives. And in my mind, the entrepreneurship is one of the most famous way to achieve this “American Dream”. Steven BUYERS who is the founder and owner of EnergyLogic –a fast-growing company in Northern

Note on the financial perspective: What should entrepreneurs know? William A. Sahlman, Harvard Business Publishing (9-293-045)

In 1853, the Rockefeller family moved to the Cleveland, Ohio, area, where John attended high school then briefly studied bookkeeping at a commercial college. It was the very first moment young John Rockefeller stepped into the world of business. In 1859, Rockefeller went into the produce commission business with a partner, Maurice B. Clark, and they raised $4,000. That same year, America’s first oil well was drilled in Titusville, Pennsylvania. The oil price at that time stayed unaffordably high since the industry was in infant level, demand wasn’t very high and, most importantly, the technology at that time couldn’t efficiently refine the crude oil. In 1863, Rockefeller and several partners entered the new oil industry by investing in a Cleveland refinery. Unlike other oil companies searching for another well, Rockefeller and his partners focused on the efficiency of refining process and its byproducts. They could stabilize the oil price, and could have price predominance to other companies. The timing was also perfect. The war was ending, the vibe of great expansion was booming and it was based on the expansion of railroad and oil-fueled economy.

History has shown that entrepreneurs have changed the way America conducts businesses decade after decade. In addition, they have continuously changed how businesses are operated and contributed to the general good of the country. Undoubtedly, entrepreneurs are important segments of the United States and the world have grown because of their creativity. Generally speaking, entrepreneurs have managed to help the nation during the economy downturns. For example, the machine called the reaper put a major boost in the United States economy during the 1831 (Greene, 2000). According to the author,

John D. Rockefeller, born in 1839, started from Gold but made his fortune in the oil industry. Buying one oil foundation here then another one there he invested into the oil field and drill sites bit by bit over a progressive amount of time with discipline. With the power to press and push, or pressure other businesses to sell and pushing those who don’t with court coercion, he monopolized the oil industries as competition eventually surrendered.

America is the Disneyland of entrepreneurs, a place where anything can happen. America is full of people with different points of view and ways if life. No one person is like another which is truly the greatest thing about America. Everyone is ensured identical rights to dream, achieve, and strive for whatever they want. To be an astronaut, a firefighter, a princess, a cowboy or a CEO of a company are all dreams that can be achieved by anyone, young and old. If somebody dreams of being a princess it is possible. Someone can start a business that hires people to go to young girls’ parties as Elsa or Moana and inspire them. As kids get older they lose their imagination and drive they once had. It begins with the need to be reminded them

John D. Rockefeller was the creator of the US Standard Oil Company, a company that dominated the oil industry, Which led to the establishment of the first successful U.S. Business Trust. Through the company, Rockefeller became one of the richest men in the US. With this money a new hobby emerged. Philanthropy, Philanthropy became a large portion of his life. Along with being a large supporter of industrialization. Even though critics tried to find holes in his system they often failed. However, all great things come to their end. The Standard Oil system faced is defeat in 1911 but not before Rockefeller became one of the most successful businessmen of all, along with one of the greatest philanthropists.

- One who creates a new business in the face of risk and uncertainty for

Playing a game of kickball in the street was not the only excitement young children had. Many young children often contemplated what they would become in their adult life. They aspired to be a fireman, astronaut, doctor, lawyer and even a wealthy businessman. Some children eventually grew up and achieved such desires as adults. Is it possible for a child to reach their dreams? One child accomplished this and so much more.

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),