Personal Reflection On Entrepreneurship

The opportunity to learn about the plan, the components and the implementation all going into motion will help me learn more about my own abilities and interests as well, I am a little nervous about my lack of understanding or messing up the group but I know I am not the only one. I know the struggle or the process of learning marketing strategy in a group project will help me experience the collaboration necessary for any organization to create, communicate and deliver. I really have not been involved at the University of Montevallo outside of my classes, the project will also help me academically and personally in connecting with others on the campus. I don’t really understand the exact topic and details of the group project, but I know the project is going to push me out of my comfort zone and I need that. Strategy involves groups of people who have different strengths and weaknesses, we will communicate different ideas, we will compromise and create work that none of us could do on our own. This type of group work will help me make connections on campus, which I do not have at the

A factor that contributes immensely to the success of an economy as a whole is diversity. An organization that can effectively unite individuals from different cultures and backgrounds can expect healthy growth in the future. However, diversity can be considered to a much greater extent. When analyzing any economy, one can observe that is formed by large firms, medium sized firms, small firms, and firms that are barely getting on their feet. No matter the size or type of business, they all significantly contribute to the overall well being of any economy. Furthermore, one type of institution that forms a considerable facet of the diversity of economies are entrepreneurs. Entrepreneurship describes any institution that begins without the support of any higher corporation or established business. Any individual can study how an entrepreneur works and makes decisions in an economics class or they can even major in entrepreneurship in some universities. However, these educational institutions many times fail to inculcate in their students how these types of business actually operate in the real world. With that in mind, a concise yet profound analysis of a small business in Buckeye, Arizona will consider how an entrepreneur owned business truly works.

One of the lectures has taught me a lot of teamwork on the account of skills and propose strategies to establish the business plans. For example, when we are in the “Techniques of Teamwork” lecture, it have provided games which required cooperation. We have to use several tube to pass the crystal ball to the bowl, while tubes were inadequate, we have to move to find a complete trail for the marble to move forward, towards to end point. It seems like very simple job, but we shouldn’t judge a book by its cover. Once we started operating, we mess up the order, and blame each other for the fault and brought down the morale. Due to the fact that everyone want to win the game, eventually we only succeed pass one crystal ball to the bowl, and we lost the game. During the game, we concluded that we lack communication and consensus. It is believed that we were too rush and were impatient. Everybody just thought about themselves and how to be the fastest instead of the safest. People merely want to finish their job and urge to pass the marble next person. Eventually, we lost the spirit of teamwork and could bring everything together. What fascinated me of this session is that I could feel the fact that I have grown a lot – to take up responsibility and group ideas among the

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

Bygrave and Zacharakis draws concept of entrepreneur close to heart of students. When I study this book, as well as I do my own research on my venture it makes sense to me. On the other hand, this book have reliable information-packed with unique resource to shows me how to identify good business opportunities, create a business plan, do financial projections, find financing, and manage taxes. Yet, this book also had other topics which include marketing, selling, legal issues, intellectual property, franchising, starting a social enterprise, and selling your business. These entire analyst, I find myself benefit from this book. The authors outline some fundamental assumptions supporting the belief that all entrepreneur venture should know before start up a business. The authors say “entrepreneurship is an iterative cycle between thinking and acting.” I find they statement is true. When I make the comparison of my bakery venture , I find myself far back compare to the rates the areas I do researches on it. But now I go through this book I think my idea of bakery was “widely used throughout the business world.” The authors pays particular attention to enlighten the entrepreneurs paths, they argue that it is important to prepare well business plan. I like these outlines which Bygrave and Zacharakis had developed:

Entrepreneurship education has been lauded as being able to create and increase awareness as well as promote self-employment as a career choice among young people (Clayton 1989; Fleming 1996). The objectives of entrepreneurship education are aimed in changing student’s state of behaviours and even intention that makes them to understand entrepreneurship, to become entrepreneurial and to become an entrepreneur that finally resulted in the formation of new businesses as well as new job opportunities (Fayolle and Gailly 2005; Hannon 2005; Venkatachalam and Waqif 2005). These day, many graduates are unable to get a job upon graduation. Students are now apparently searching for a business education that can help them with the necessary entrepreneurial

In order for a business to survive and prosper, more emphasis should be placed or entrepreneurship education as opposed to business education ( Isaacs et al.,2007:611) A competed and educated management is a vital factor that contributes to a competitive business( Isaacs et al.,2007 610). Entrepreneurship education achieves competency awareness, creative applications, startup and growth of any business (Segal &Herrington, 2001:57). A higher level of education is significantly associated with high level of entrepreneurial activity (Niemen,

The lecture I attended was an entrepreneurship panel to learn about the “ins” and “outs” of starting a company. It took place on Wednesday, October 25, 2017 at 7 p.m. in Peter, Wright and McKenna rooms in the UC. It featured a panel of five entrepreneurs, some of who were CMU graduates. In the first part of the panel discussion, each panelist gave a brief description of their career and how they became entrepreneurs. Something that I liked about the panel was that they had people who were very different in terms of their experience in start ups; one of the panelists quit his job a week ago and was just starting his own business, another has been an entrepreneur for 30 years, one has had many companies and has also sold a few, and another panelist teaches a course on entrepreneurship at CMU; it was great to get different perspectives from those in different points in their career. I also really liked that many of the panelists did not know that they wanted to start their own business straight out of college, and the panelist who very recently quit his job to focus on his business showed me that it is entirely possible to switch careers and that you do not have to feel confined to one job or area. Also, many of the panelists graduated with a degree in engineering and stated that having a technical background when you want to become an entrepreneur is beneficial because it broadens your options of what you can do in terms of product design and technology.

1) GiftZip, the company profiled in the opening feature for Chapter 1, makes money via:

This book will help you to understand the process of setting up a small business,

This review seeks to cover the relevant academic literature from which to base this thesis upon thus enable analysing the experience of working in the Nacretech team during the MATE program. The plan for this literature review is to start by covering the relevant research on business strategy in general and then explore research on entrepreneurship and intrepreneurship as they are both relevant to the context.

Entrepreneurship is defined as the practice of beginning a new trade or reviving an existing business, for capitalizing on fresh opportunities. The statement were analyzing today is all about entrepreneurship. The author here is trying to explain that like every coin has two sides, entrepreneurship also has benefits and drawbacks. Every year the number of people realizing the dream of owning a business is increasing across the world. The level of interest in entrepreneurship among the people is never been higher than in 21st century. At recent study by Ernst and Young shows that 78% of influenced people of America believe that the entrepreneurship will define the trend of the century. There are number of people who leave the security of job in corporate world to live their dream of starting their own business and being independent. Then there are others who are forced to become an entrepreneur as a result of downsizing in the current market and the rest are who themselves decide to become entrepreneur from start. In today’s world money is the only thing that matters. So people blindly jump into the world of entrepreneurship without calculating the risk involved and uncertainty of starting a new business. Although staring and setting up a new business is never easy but with the help and

Entrepreneurship is often a difficult undertaking since a majority of new businesses fail, but in many ways, it 's never been easier to become an entrepreneur. According to research by Shikhar Ghosh, a Harvard business school lecturer, three out of four venture-backed start ups fail (Bruder). Ghosh also found that more than 95% of start ups fall short of their initial projections (Bruder). Being an entrepreneur is not as easy as some people think. The hours are long and sometimes they have to make hard decisions, but the ability to stand behind your decisions is essential (Drexler). People like Bill Gates, Michael Dell, Steve Jobs, and Larry Page form our conception of entrepreneurship. The inventions and products created by these people

In order to flourish a new business an entrepreneur has to face various hurdles. He has to maintain different aspects of his business that he is running. The entrepreneur starts to launch a business on hope that the business will flourish in a few days or in months. But the situation is entirely different. We have to first tackle different issues before starting a business. The following are the situations that an entrepreneur has to face.

What do you understand to be the concept of entrepreneurship and why has it become such an important area of focus? Q2) What do you understand to be the concept of entrepreneurship and why has it become such an important area of focus? The concept of entrepreneurship is often viewed as a function, which involves the exploitation of opportunities, which exist within a market.