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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

Her husband trusted her with everything so much so that he never asked advice from anyone other than her that is why on his death he said that she knows about everything, which is why she took over the business herself. “Gliki participated in all the business decisions (“he sought no advice from anyone, having talked over everything with me”), drew up the partnership contracts, and helped with the books and the local pledges” (12). Because she knew of everything she was able to take care of the business and pay off the debts that her husband racked up during his lifetime while they were together.

Gladys- Maternal grandmother, was an Entrepreneur, was taught that women should be independent, goal oriented, and affectionate.

She identifies a mistake in the case study of purchasing a company with the heart rather than the head. Self-confidence is exhibit through her glamourous style and racy remarks. She is all woman and remains faithful to her inner truth (Kanicki & Kreitz, 2010). A high level of energy and activity is exhibited by working 15hr days, taking care of a child, and putting herself through business school (Kanicki & Kreitz, 2010). She sleeps only a few hours at night by drinking a concoction to help knock her out (Kanicki & Kreitz, 2010). She is personally involved with each of her companies. Honesty is one of the most critical leadership traits. It is recognized by a United Steelworkers union staffer after going through negotiations with Tilton (Kanicki & Kreitz, 2010). Task-relevant knowledge is exhibit through her detailed knowledge of metal

An entrepreneur is a person who organizes and manages a business undertaking, assuming the risk for the sake of profit. An entrepreneur: Sees an opportunity. Makes a plan. Starts the business. Manages the business. Receives the profits. (SBA) We know who the entrepreneur as mention above, Maddie Bradshaw is also one of them. Maddie Bradshaw turned her hobby she loved into a profitable company with her locker inspiration and magnetic bottle caps. Her creativity and enthusiasm to use old bottle caps and interchangeable, magnetic bottle cap necklaces makes her a young successful an entrepreneur.

Despite the fact that MGI had come up with a good idea for business, the lack of planning, organization, leadership and control presented a key management problem. When the time came to launch the product, the three friends were the only staff of the company. This presented a big problem for Sasha, as he was expected to handle the business operations by himself. The company was not adequately organized to hire more

An entrepreneur is the one that takes on all risk, the financing failure and criticism. The entrepreneur has to pitch their product, promote the product and put all the hard work in making sure the consumer knows about their product all while usually working a fulltime job as well. The entrepreneur needs a solid plan but also needs to be able to make changes to this plan if needed. Meaning if someone was asked about funding the project and decided if you could make 20 units of the product by a deadline and sell all 20 to this type of group to be able to get

It should be the thrill of the journey that keeps you going. Most women fail when they can’t make the transition into business ownership from corporate America. Two of your greatest predictors of success are confidence and determination. Your confidence creates the courage and strength to do what others only dream about. Your determination will provide stamina to keep going. Successful female entrepreneurs have a vision and know clearly where they want to take their business. They are so driven they often get ahead of themselves.

Becoming an entrepreneur is what many individuals dream of becoming successful. An entrepreneur is an individual who gives up their money, time, and effort to create a business that they want to. After watching the video, I learned more about entrepreneur’s more about what is considered an advantage and disadvantage in this type of business. However, through humor Guy Kawasaki reveals how the real world outside is and what to do when facing this problem. The ten mistakes that entrepreneur’s make according to

An Entrepreneur is someone who undertakes a risk, a risk that starts with an innovation and involves financing the initiative. This initiative usually ends up in formation of an organization which uses the innovation to assemble products or services achieving sales against investment made (Shane, 2003).

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

What does it mean to be an entrepreneur? The Business Dictionary describes an entrepreneur as “Someone who exercises initiative by organizing a venture to take benefit of an opportunity and, as the decision maker, decides what, how, and how much of a good or service will be produced. An entrepreneur supplies risk capital as a risk taker, and monitors and controls the business activities. The entrepreneur is usually a sole proprietor, a partner, or the one who owns the majority of shares in an incorporated venture” (2016). A few key points of being an entrepreneur include the type of entrepreneurship and what approach you should take whether it be corporate entrepreneurship or social; the strategic planning that goes into a business and the use of young Small and Medium sized Enterprises (SME) deciding the size of your company based off of planning and the goals set for the company. How to accomplish organizational emergence and some of the issues individuals face when starting up a business. Government plays a huge role in business start-up, this paper will go into detail on how they assist and impede upon entrepreneurship through legislation. Finally, entrepreneurial resilience and some of mechanisms to cope with a business failure and how to stand up, brush yourself off and try again at success. Entrepreneurship is a difficult task to step into and succeed in, however there are many resounding success stories and resources available to assist in the process. First time

According to Longenecker, Petty, Palich, and Hoy (2014), “an entrepreneur is a person who relentlessly pursues an opportunity, in either a new or an existing enterprise, to create value while assuming both the risk and the reward for her or his efforts” (p, 6). In other words, entrepreneurs are risk takers that are motived by profits, achievements, or success. This motivation helped Chairman Michael German (i.e., German) help grow his family business from startup to a forty-six employee company. Although German shared how the organization has successfully grown over the years, there are advantages and disadvantages of owning the corporation; therefore, his recommendations are important for future entrepreneurs.

Entrepreneur is someone who takes a risk and initiates to take up an opportunity in the market for any goods or service to be sold to the consumers. All decisions are made by the entrepreneur as he is the risk taker and this obviously involves people working under him for example managers. All the capital is raised, decisions are made by the entrepreneur and business activities are monitored by the owners itself. As Bolton(1971) describes in his report small

Entrepreneurs are characterised as frequently taking many great risks while managers are said to be generally more cautious and risk-averse. This view is however, not upheld in all entrepreneurial texts. In fact, Timmons (1999) maintains quite the opposite, that entrepreneurs certainly can be, and in most cases, are, effective managers. "New ventures that flourish beyond start-up and grow to become substantial, successful enterprises can be headed by entrepreneurs who are also effective managers" (Timmons, 1999, p.240). Although such views differ between entrepreneurial theories, it is still consistently maintained that successful firms must have effective management.