The Entrpreneurship

My heart raced uncontrollably as I waited for my turn to come. I was sitting, for the first time, in a classroom in the United States, surrounded by people who were at least 2 years older than I was. Professor Knapp had asked for each one of us to stand up and state the reason why we were taking the Entrepreneurship course that summer at the University of Southern California. I thought I was prepared to answer what seemed like such a simple question, until I heard the responses that my fellow classmates were giving. “I want to expand my apparel business to other states” “I want to make even more than the 70 thousand dollars I made in the stock market last year” “I want universities to encourage the use of the app I built”. What was I supposed

When you see the word “college”, what comes to mind? For most of you, you probably immediately think of partying, drinking, and meeting new people. Those who choose to go to college will have the opportunity to experience the social life, but what you choose to study can control your future. In “How to Get a Real Education at College” by Scott Adams and “What Do You Do with a B.A. in History” by Ken Saxon, they agree that college is worth going to but they have different outlooks on what to do with that college education. Scott Adams believes in the concept of “B students”, which are just average students, and thinks they should study entrepreneurship because he has personal experience in this major.

Some people believe you can still have a successful life without attending college. Peter Thiel, a co-founder of PayPal, believes that entrepreneurial students would be better off leaving college. He believes this so strongly that he will “pay each of the 24 winners of his Thiel Fellowship $100,000 not to attend college for two years and to develop business ideas instead”(Source E). Mr. Thiel believes very strongly that going straight into business is a more successful path and that students should not waste their time getting a college education, something he finds the demand for “irrational”(Source E).

Let’s look at it this way; profitability is important to the success of any business enterprise. However, I believe the success of any venture shouldn’t only be defined by parameters like profitability, scale and revenue, but by the value proposition it offers to the larger community. For entrepreneurs out there looking to formulate success strategies to prop up their businesses, I would like to say stay true to yourself by committing to specific goals which you must work on diligently. My passion has always been to help students adopt efficient learning strategies. I love it when we see our students excel and enjoy studying subjects that they like with utmost

The ELAC Foundation has utilize the feedback it has obtain from departments and students in establishing an incubator project in joint collaboration with OmniWorks. The project’s objective is to create of a scalable model of a state-of the-art entrepreneurship and innovation center, provide business/financial curriculum, mentorship, and access to capital to create pathways for students and community entrepreneurs to greater success high growth business sectors. The goal of this center is to position ELAC as a leader in entrepreneur and strong workforce initiatives, deepen college ties to businesses and the community, and increase potential for corporate sponsors, and enlist local business leaders to: serve as mentors, participate as guest speakers, create paid internships and help build supply chain diversity.

College is the perfect time to launch your own business. You’re surrounded by knowledgeable professors who can help you navigate the ins and outs of startup. You have a ready market of peers to spread the word about what you have to offer. With these simple business ideas, you can establish a profitable company that brings in extra money throughout your college years.

Provide a brief description of the business, state why you consider it to be “Entrepreneurial”; explain how the business creates value through the identification and exploitation of new products, processes and/or markets.

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

These businesses that are run by students are very vital to the student body that is interested in business and entrepreneurship. They should be introduced in every campus that hosts business studies. Business students read about ventures, organizations and management in textbooks, but it’s a completely different experience while making decisions about an actual business. The thrill of making decisions, feeling the consequences of every decision made is something that cannot be taught. It must be experienced. This method of learning would revolutionize how business and management is taught in universities, creating social change and bettering society (Mars, Matthew M. and Gary Rhoades, 435-459).

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

MGI partnered with two potential MBA Harvard Business candidates Dana Soiman and Henry Tam Jr. Together Dana and Henry would hopefully help create the business plan and make a successful entry leading to a new start for their music game as well. Over the course of time and throughout the development of the business Plan Dan Clark, a graduate student in the brain and Cognitive Science Department at MIT, and Alexander Jan Sartakov, expert in the music industry and business, were added to the group. This was in hopes to get more knowledge and power to create a business plan.

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),

2.2. Entrepreneurship - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - 5~6

There are two sides to every debate, and the "what makes an entrepreneur" argument has raged for decades with neither side able to conclusively prove their case. There are many who believe that an entrepreneur must possess personality traits such as vision, passion and drive that are innate and cannot be taught. Others argue that the skills of evaluating opportunities, motivating people and operating a business are easily passed on to eager students looking to be entrepreneurs. The truth is that both sides are right and it's time for a compromise: Entrepreneurs are born and made. Some people may be natural entrepreneurs and immediately open a business, others will have studied and

In the post liberalized era, entrepreneurship became an important field of research. Furthermore, it has been acknowledged that youth play an important role in designing the policies for entrepreneurship to promote the creation of business. The cultural environment and social affiliation, approval and attitude