Serial Entrepreneurs Research Paper

What do entrepreneurs do that distinguishes them from any other person involved in business? Why is it that personality characteristics may be good predictors of who will be a successful entrepreneur?

“The fact that most new businesses fail is hardly a secret”(James Surowiecki). In this quote, Surowiecki is saying that all entrepreneurs know that when they start a business, it can either prosper or fail. Building a successful business takes time and money. However, it also takes a lot of commitment. One has to be focused on his or her goals, and they must do whatever it takes to accomplish them. The most important characteristic of an entrepreneur is determination because it can help a businessperson accomplish any goals they set and build a successful business.

Serial Entrepreneurship is not an easy job. It takes time and experience. You start out with your first business and then if you have the passion, strength and knowledge you may or may not continue on to another business. As I read these articles hearing from many people’s opinions on serial entrepreneurship the first time is always a little rough because you may stay at the first business to long.

To be able to foster an entrepreneurial environment in the context of a larger corporate, there should be three components that the leaders should address. For one of the components is culture. Culture awareness is huge to the economy. They should accept that failure is part of the process and the willingness to encourage and support entrepreneurs when their first idea doesn’t work well. Another component is infrastructure. This means moving beyond the notion to include the traditional and nontraditional leadership, social

Starting a business is the latest trend. Just take a look at Instagram. Several profiles have the caption ‘Entrepreneur’. At this very moment, there is someone, somewhere working on an idea, a business plan or launching a startup. Entrepreneurship is on the rise like never before. The flexibility and independence that comes with being one’s own boss is attractive and worth taking the leap in starting a business. However, most people don’t know that being an entrepreneur is a grueling journey that can be very lonely and stressful at times. According to the Small Business Administration (SBA), 50% of businesses fail during the first year. Starting a business can be a scary task, but the

Debbi Fields, Mrs. Fields Cookies, Bobbi Brown, creator of high end makeup, Dany Levy, web based media pioneer, Jenna Jameson, porn princess to media mogul, Anita Roddick, The Body Shop, Madame CJ Walker, First female African American millionaire (hair care products), Coco Chanel, fashion and signature fragrances, and Estee Lauder, Beauty products. This is a very small list of a few famous female entrepreneurs throughout history. These women started their own businesses with the passion and desire to help others or provide a product they felt was needed. Females have difficulty climbing the corporate ladder and it is just as difficult, if not more, to open their own business. But clearly, as I will indicate, and history has presented,

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

An entrepreneurial drive, grit or resilience to not only reach goals but stretch beyond them.

“I've known entrepreneurs who were not great salespeople, or didn't know how to code, or were not particularly charismatic leaders. But I don't know of any entrepreneurs who have achieved any level of success without persistence and determination” -Harvey Mackay.

My husband and I were on vacation recently and on the return trip we had a aircraft full of very interesting people. And I got to thinking about what all these people do for a living and wondered how many of them were actually entrepreneurs. As a life and business coach I have discovered that nothing is ever as it seems and as I started looking at these people I realized that many of the reasons that people fail in business has more to do with them and their personal habits, than the economy, the cost of marketing or the type of product they sell.

Entrepreneurs start businesses. The depiction of entrepreneurs in the media often differs to the reality of who they actually are. Most people would describe entrepreneurs as “heroes who stand alone” or someone who is “very special”, (Shane, 2009, p.40). This isn’t actually the case, as the common entrepreneur isn’t necessarily someone who starts a huge conglomerate. A typical entrepreneur is instead likely to be a white male in his forties. (Shane, 2009, p.40). The standard business start-ups are extremely ordinary (Shane, 2009, p.64): they are not

There are many factors potential entrepreneurs must consider to be effective in any venture. A strong understanding of the industry and market, opportunities that may exist within the market, potential risks to a venture 's success and the funding and conditions that the business needs to thrive. This entrepreneurial mindset requires knowledge, proactive strategies and the ability to obtain funding for the venture as well as skill and know-how to get others to invest in the idea.

It can be argued that entrepreneurship is the backbone of our technological society, and keeps reinventing the way business is done. Each new company provides a different perspective as to how business should be handled. They also provide a very large portion of the new products that change the way we live our day-to-day lives. However, due to the risks involved in starting a new company it takes a certain "entrepreneurial spirit" to successfully launch a new business. This paper will step through the entrepreneurial process by examining two separate entrepreneurs and their reason for becoming entrepreneurs, why they chose their industry, how they obtained funding, their first customers, and the pros and

Starting a business involves planning, making key financial decisions, and completing a series of legal activities. In order to obtain start-up financing, an entrepreneur has to convince

Mr. Martin started his company island products Manufacturers in 1992, with the idea to sell house hold cleaners in bulk, at the time these cleaners could only be purchased in retail amounts no larger than 1 gallon.