Features Of Entrepreneurs And Risk Taking

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

An entrepreneur who is willing to take risks in the process of being aggressive would be willing to even risk personal wealth and property, which would lead to greater success than entrepreneurs who were not as willing to take such risks.

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.

Entrepreneurs are risk takers in the market. They are willing to gamble their hard work for a business that may fail or succeed. Many fail to keep their business alive, however; others are lucky to compete and survive in the market. Entrepreneurs like Maribel Galsim, owner of Maribel’s Daycare, were successful in their business. Maribel’s Daycare was successful because of hard work, patience, and being adaptable.

"Entrepreneurship requires departure from the comforts and security of "normal life" (Toren, "Entrepreneurship as the Hero's Journey"). Being an entrepreneur is a lifestyle, a way of life that's different from an ordinary "9-5" job norm that most workers are used too. Risks that must be taken in consideration with becoming an entrepreneur involve abandoning the steady paycheck, and donating personal time and health. (Demer, “Risks Entrepreneurs Must Take”) Entrepreneurs must be prepared knowing there isn’t a guarantee for personal income. Entrepreneurship takes a toll on the average person. You’ll spend countless hours doing work to make your company successful. (Demer, “Risks Entrepreneurs Must Take”) Bill Carmody, founder of the digital company

Entrepreneurs are hard working, innovative people who enjoy taking risks. They accept their failures and work back up to success. When they fall hard to the ground, they rise back up to the top with another new invention. There are countless of thriving entrepreneurs in the world today. Two of the most well known entrepreneurs are Thomas Edison and Steve Jobs.

From the beginning of mankind to our modern day society, individuals have a tendency to gape at individuals who put a lot on the line to achieve a desired goal. Whether it be a Marvel superhero to our local firemen, individuals who put their well-being on the line are placed in a high stature in the eyes of many. We gravitate to be just like these individuals and are ashamed of becoming viewed as a coward. This idea is prevalent in people of all ages, backgrounds, and gender and will continue to motivate us to attain glory by means of taking risks. However, it is important to know the fine line between taking risks and putting yourself in inevitable danger. One must be willing to accept the consequence of failure.

Entrepreneurial leadership qualities are essential in order attain success. During different phases of life, I discovered a number of entrepreneurial characteristics within me that helped me to move forward towards my aim. Going through the literatures I have learned a number of entrepreneurial leadership qualities mentioned by qualified authors. In this paper I have mentioned some of the qualities that I have discovered within me. In this paper I have mentioned

An entrepreneur is “a person who organizes and manages a business with considerable initiative and risk”. In other definitions an entrepreneur “identifies an opportunity or a gap in a market and evaluates the risk related to the establishment of the business and is prepared to take the associated risk to start the business in the quest for making profit; and has the ability to obtain the resources to establish and grow a business”. Entrepreneurship exceedingly relies on entrepreneurs to start-up, develop and produce companies across the use of their

Entrepreneur is a person who establishes, owns or operates a business and is characterised by traits such as creativity, strong will, motivation, passion, determination, leadership qualities, work ethic and non-conformity. They are willing to take (non-excessive) risk in order to make a financial profit and are fully responsible for the outcomes. Their ideas are usually ground-breaking and innovative in their particular field.

Based on Knight’s economics view (1921), risk-taking is crucial to entrepreneurism. This view is supported by many classical theorists like Cantillon and Richard (1755) who explore that entrepreneurs bear risks or uncertainty to keep supply-demand balance. Phan (2008) also support this positive relationship and assert that entrepreneurs are risk-takers, not gamblers. However, Bula (2012) argues that

Not to mention, entrepreneurs are the Adventurer the Opportunist and the Asset Allocator. It’s someone who seeks success or money through daring exploits. A supervisor in a company will be motivated about the people they supervise and the tasks set ahead. Being an adventurer is also important because it shows you are willing to take risks for the company. This characteristic can be viewed as an asset to the company. Another characteristic of a good entrepreneur is being an opportunist. This is someone who is willing to invest their time and energy on a product, even if people don’t agree with the plan. This is a trait that every entrepreneur should have and is very crucial to the success of a company. Often times this kind of leader is known as limitless. They are known for going above and beyond to get a specific task done in detail. They always believe in the greater good and offer brighter prospects to the table. An opportunistic view is helpful when conducting business in a professional setting. This leader remains to the basic course while capitalizing on ways to improve his products and service.

Taking a risk: the entrepreneur is the person who risk time money, time and effort to start or manage a new business.

Uncertainty is an ambiguous concept that is difficult to restrict to a single definition - it is generally understood to be a lack of certainty - a state of having limited

Entrepreneur take risk: by creating new products, adapts to new production process, create new market, and create new technology and economic for an organization. According to Michaelides & Kardasi (2010) development depends upon “innovation.” This concept includes an introduction of new goods, new methods of production; the opening of a new market, conquest of a new source of supply and carries out