Essay on Entrepreneurship and Success

10. Visit the website for a large bank or credit card company, and learn about a type of credit card being offered by the company. Describe at least four features of the card and where you got this information. (3-6 sentences. 2.0 points)

Either the company is able to make those changes or it will not make it very far

Gerber argues that anyone can become an entrepreneur and create a successful company, a departure from the conventional wisdom on the question of whether entrepreneurs are born or made. Using a frame work he calls the "Dreaming Room," Gerber identifies four dimensions of the entrepreneurial personality and recommends a pathway to conceive of and develop a small business.with focused attention and the intention of actually achieving something and understanding the market, your core customers, securing capital, preparing financials—those kinds of elements? Every one of those

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

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.

Business has been a large part of my family, and has started to grow on me. My dad worked in sales for many years, and is now the President of a company in Staples. My mom started her own cleaning business, and now works for herself, as well as my uncle owns a golf course, and a pump and well business. My other uncle has his own handy man business, while one of my aunts operates a redimix and construction company . So I guess it could be said, business is kind of in by blood.

Almost every entrepreneur had a rocky start and most small businesses fails during the first year of its opening. Two entrepreneurs in their twenties, who wanted to help people live a better and healthy life, loaned some money to open a small business selling natural food store in Texas. At the time, there are not many natural foods markets around. The couple named their business SaferWay as a spoof on Safeway. Like almost all entrepreneurs, they had a rocky start, they even got kicked out of their apartment for storing food products. After a couple of year, the two entrepreneurs agreed to merge SaferWay with Clarksville Natural Grocery and named the new business Whole Foods Market. Even after the merge the company continued to have challenges like any other businesses. In less than a year after opening, a devastating flood wiped out Whole Foods inventory plus thousands of damages. Without any insurance the company’s future looked undesirable. Thanks to the community, they opened the store again in a month.

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),

There are many advantages and disadvantages when owning your own business. When you own you own business, it’s known as a sole proprietorship. But with any type of business, there will always be advantages and disadvantages.

Explain and critically analyze unique traits of an Entrepreneur, discuss these related to personal strengths and weaknesses

At the beginning of the course I had only had basic entrepreneur knowledge, I understood the traits, and the amount of thought put into a business. I understood a entrepreneur needed to be able to set goals and had to establish connections and business partners. I was actually lucky enough to have taken a entrepreneur class in highschool. Which taught me lots on how an entrepreneur business is started. It also taught me the required determination and hard work it takes to be a entrepreneur.

Sri Lanka has immense economic opportunity for aspiring entrepreneurs. The route that I would personally take if I lived in this country would be the venture into the Information technology industry. Sri Lanka is a developing country and with that IT can be a promising venture for any entrepreneur. According to the CIA, only 32.1% of the population are internet users and this could convey a possible business opportunity to inspiring entrepreneurs. A business startup that targets this market could bring immense value. The allocation of resources to achieve this could be a troublesome matter, but it could be done with hard work. There is competition in this industry, but an entrepreneur could set themselves apart from

Success is to fulfil a goal that you have set for yourself. Achievement of success involves five components: realisation, confidence, motivation, action and perseverance. Step one is to realise your goal and how to achieve it. Step two is to have the confidence to take the steps towards your goal. Step three is to find motivation to keep you on the path towards you goal. Step four is action, the first physical step you take in the process for success. Step five is perseverance. On the road to success, you will most definitely come to setbacks and struggles. The only way to conquer those things and achieve your goal is to have strong perseverance. As David Brink said, "A successful person is one who

My first 100 days is critical in laying a strong foundation for sustained long-term success. I plan to follow a defined, agreed framework to make my transition into the company a success for everyone involved.

It is widely agreed that certain personality traits are important to being a successful entrepreneur. If we are not born with those innate characteristics, psychologists believe that we do have some ability to adopt new ones or influence ourselves to a certain degree.