The Myths Of Entrepreneurship And Entrepreneurial Development Organizations Essay

that takes the risk in order to succeed. They are also the ones that boost and help the economy of a country. Last Friday, our teacher has invited guests to talk about being an entrepreneur. I learned many things and I was able to know how entrepreneur does things. The first speakers were Miss Archelle Ferrandiz and Arabelle Santamaria from Miriam College. They came up with a non-food business named Inabel that supports the dying industry of weaving. Sadly, Inabel was stopped because their other partners don’t have the same vision like they do. They stopped contributing ideas because they are not gaining money. According to Miss Archelle Ferrandiz, sometimes it is not only about gaining money it is also giving back to others. The way I think about on how business works were changed. Now, business for me is not all about money but being happy on what your business does to people around you. She said that we should be risk-takers in doing business. It simply means that we believe in our vision that it will hit the market. If ever the business fails, we will able to know what went wrong and with that if we start a business again the chance of falling again is decreased because we have the advantage of knowing what could possibly went wrong. She also quoted a quote from Martin Luther King “IF YOU CAN’T FLY THEN RUN, IF YOU CAN’T RUN THEN WALK, IF YOU CAN’T WALK THEN CRAWL, BUT WHATEVER YOU DO YOU HAVE TO KEEP

Have you ever imagining yourself owning a store? Well in New Direction starting Annie Johnson she has to open a store to survive because she has no money. Annie Johnson has two babies and a husband. Annie decided to open a store, although business was slow workers were tempted to taste her food. Every day in the years she would never disappoint her customers. “ I would make boil chicken and sell supplies.”This shows you that anything is possible to owning your own store to whatever

In a comparative light there seems to be significant problems, or obstacles, for African-American entrepreneurs. These problems are categorized by environmental factors, opportunity factors, and issues related to capital. The purpose of this paper is to provide sociological, and economical insight to the plight of African-American entrepreneurs. There is an effort to trace the development of African-American entrepreneurship throughout American history, in the post-reconstruction era to the present, in relationship to social conditions of discrimination. Uniquely, African-American entrepreneurs are involved in the affirmation of a paradox of American ideology. African-American entrepreneurs, in

I took my journey to NoJo kicks in Detroit in order to find out what was driving the people who were running the store. When I went, I spoke to Pete Beletskiy, who founded NoJo, and named it after his two sons, Noah and Jordan. I asked Pete what had driven him to open the store, and he said it was his son that had led him to open up shop, stating “My son Noah had always been into shoes, buying and selling online. I saw how much money he was making and how successful he was, and I decided to take this a step further. I started looking into the idea of opening up a luxury sneaker shop, and decided it would be the smart move to open up shop in the heart of the city.” As excited as I was to take my journey to NoJo, it ended up pretty flat for me. I was disappointed to find out that the owner of the shop was simply just doing it to make money and was only inspired by his son to open up shop. He was not very interested in sneakers himself, but saw it as an easy business opportunity and took advantage when given the chance.

more child care centers, dry cleaners, fast-food restaurants, and other services to assist people more than ever before.

to be the same as the division’s existing business. However, to enter the clothing industry could be a

The speaker talked about how he always had a dream of starting his own shoe company. George explained that he had experience with shoes, which gave him some leverage when designing and producing shoes. He shared the story of how his dad owned a shoe repair shop and he would work at the shop because he enjoyed the process involved in fixing shoes. George said he grew a passion for assembling and repairing shoes ever since his dad made him work in the shop. He mentioned how his parents wanted him

Everyone says they are “Going into business.” This is not a bad thing, all it means is that we must nurture our skills to be competitive. I myself, wish to open the doors to my own store. I enjoy organizing, researching and diving deep into subjects to gain the best understandings possible, particularly in business. I never finish learning, I thrive in it. Currently, I am continuing to narrow in on interests. Easily, I could tell a story, saying I am opening an elite athletic club in ten years called “Rewind Revolution”. However, I have not slightly begun indulging in the variety of business emphases that Lakeland offers, similarly to those offered to graduate and business professional, Caitlin Brotz of Olivu 426. Truly, I am enthusiastic to discover musky life. It is my mission to achieve the following with a Lakeland education: development of existing knowledge, application of education during internships and career, and finally sharing my business experience by volunteering with Future Business Leaders of America.

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

The shoe industry does not seem to be affected by the state of the economy as some of the other industries and it seems to be able to operate on lean overhead when compared to its competitors. The store is located in a downtown area where it will be available and easy accessible to the clientele it is trying to serve. At the present time, it is the only store of its kind within a 10 to 15 mile radius. Johnson’s is able to offer shoes made of genuine leather and not pleather, vinyl, or some of the other synthetic products giving their shoes superlative advantages over other shoes.

The number one philosophy of building a great business is to fill a void. Nick Swinmurn founder did just that in 1999 when he started Zappos.com Inc (Zappos.com). Mr. Swinmurn wanted to start an online store that catered to selling a great selection of shoe after going to a mall and he could not find the shoes he was looking for (Eng 2012; Zappos.com). The website was dedicated to the selling of wide variety of brands, colors, sizes, and widths; if you are looking for a shoe chances are Zappos.com has them. There was finally a website customers could go and shop for the best shoes and have no trouble returning the shoes if it did not fit. The website started by Nick Swinmurn going into stores and actually taking pictures of shoes then

(Business Management: a contemporary compilation). The Growing interest in the area of Entrepreneurship has developed in changing roles of small businesses. Small Entrepreneurship has great potential in developing countries. Due to Statistics and analysis of several countries, it is shown that Small Industries have grown faster than large industries. Large Industries lost jobs as Small Industries created workplaces. The Focus is on Small Industries which led to the main source of employment in the country.

Question Marks: High development rate yet low piece of the overall industry. They devour money while the organization figures out whether they are transforming into

So far, the lessons of international experience show that very few government and donor initiatives have succeeded in implementing sustainable strategies for small enterprise development. To succeed, sustainable small enterprise development will require concerted efforts among the various parties concerned, including commercial and rural banks, leasing companies and equity

As one looks at the history of entrepreneurship, they will notice the variety of definitions and entrepreneurial elements that economists use to explain the topic. Although there are many vital parts of this concept, Israel Kirzner developed his own view that many economists take into account when creating their own definition. Basically, Kirzner’s theory of entrepreneurship held the idea of alertness as its backbone. Without the use of alertness, entrepreneurs would never discover opportunities, which allows their competitors to easily surpass them. However, if the entrepreneur is alert, then they will notice an opportunity where innovation is needed and in return they will usually profit. When others analyzed Kirzner’s theory, they criticized the amount of value that Kirzner put on alertness because they believed he lost sight of the creativity and the imagination aspect of entrepreneurship.