What Are the Qualities of a Good Entrepreneur?

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

An Entrepreneur is a person who forms and operates a business. Entrepreneurs form and start companies by themselves, or with partners. Most of the time companies which are started by entrepreneurs are relatively small in size, but some grow into huge corporations, such as Microsoft which is owned by Bill Gates. Entrepreneurs have four different options when starting a business, which include a sole proprietorship, Partnership, limited liability company, and also a corporation. Each form has its advantages and also disadvantages depending on what the type of business is, and also what service it provides.

Entrepreneurs, individuals who come up with an plan in means of profit while knowing the risks that comes along. however, in adam smith time(1723-1790), the definition of an entrepreneur was different it was an “ individual purusing his or her own good to achieve the best good for all”. Those individuals led by the “invisible hand” would provide

An entrepreneur is someone who organizes, manages, and assumes the risks of a business or enterprise (Merriam-Webster, n.d). Some characteristics of an entrepreneur are, the willingness to work hard, the desire for responsibility and the confidence in their ability to succeed. The person that I chose to interview for this paper is, Adama Kuyateh.

An entrepreneur is someone who starts a business by organizing and having greater than normal financial risk in order to do so. There are many people who fit into being an entrepreneur. For example stores like Wal-Mart, Target, Dollar Store, and any restaurant place. I will be looking at Eliza Pinckney as

Entrepreneurs are hard working, innovative people who enjoy taking risks. They accept their failures and work back up to success. When they fall hard to the ground, they rise back up to the top with another new invention. There are countless of thriving entrepreneurs in the world today. Two of the most well known entrepreneurs are Thomas Edison and Steve Jobs.

In regards to entrepreneurship, there are many definitions proposed by theorists. In my research paper, I have used definition by Kinder that suits well to an entrepreneurs; “Entrepreneur is someone that alerts towards profit opportunities” (Kirzner, 1973). Profit opportunities

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.

The list of skills required to become a successful entrepreneur is not definitive, as researchers can only suggest the skills they believe should be developed. William L. Smith (2007) believes that there is a particular set of seventeen skills required to become a successful entrepreneur, the skills can be divided into four categories: Technical skills, managerial skills, entrepreneurial skills and personal maturity skills. This, however, is not the only list of entrepreneurial skills available; the paper doesn’t mention possibly the most important characteristic an entrepreneur needs to have: the Need for Achievement (nAch), this concept was introduced by McClelland in 1961 and refers to a person’s need to do things better, faster and more efficiently (Nieuwenhuizen, 2008). People with a high achievement orientation tend to be careful with the use of their time, just like Austin MacPhee,founder of AM Sports Tours and AM Soccer Schools in Fife. He was aware of the fact that he had to sacrifice time but he did it nonetheless because he knew that hard work would get him where he wanted.

Through fresh innovative and creative ideas we have seen how these different concepts and ideas change the business environment. Entrepreneurship plays a role in the economy and can result in the growth and development of the economy in a country. This essay will be discussing the different aspects on what Entrepreneurship is, The Role it plays in the economy and the different type Entrepreneurial businesses involved in the growth and development of the economy of the country. Entrepreneurship will help the economy by providing more job opportunities, creating new wealth and can reduce unemployment . It is clear that there is positive relationship between Entrepreneurship and Economic growth; this link will be discussed in the essay.

An entrepreneur is “a person who organizes and manages a business with considerable initiative and risk”. In other definitions an entrepreneur “identifies an opportunity or a gap in a market and evaluates the risk related to the establishment of the business and is prepared to take the associated risk to start the business in the quest for making profit; and has the ability to obtain the resources to establish and grow a business”. Entrepreneurship exceedingly relies on entrepreneurs to start-up, develop and produce companies across the use of their

Entrepreneur is a person who establishes, owns or operates a business and is characterised by traits such as creativity, strong will, motivation, passion, determination, leadership qualities, work ethic and non-conformity. They are willing to take (non-excessive) risk in order to make a financial profit and are fully responsible for the outcomes. Their ideas are usually ground-breaking and innovative in their particular field.

I will be talking to professionals, people who know what they are talking about. I would also watch films about successful entrepreneurs to be inspired.I want to show how entrepreneurs reached the top of the food chain. I will be looking at books, articles, newspapers, leaflet anything to show how much determination counts in the success of an entrepreneur. I will also be asking the same question to professionals, to get their opinion on the topic: teachers, professionals, economist and etc... The information collected will allow me to come up with the relevance of determination for an entrepreneurs success. the success of an entrepreneur.The 10,000 hour rule determines the success of an entrepreneur. Luck determine the success of an entrepreneur. Entrepreneurship offer people a happy life, money management skills, independence and business skills but it comes with a price determination. Bill Gates is a famous entrepreneur who grew up around computers. This has been the case since he was young. He spent about 10,000 hours hacking and coding and etc. The fact that he spent so much time around the things he loved doing It allowed him to become an expert in computers. The 10,000 hour rule was brought about by Malcolm Gladwell in the book ‘Outliers’. Gladwell talks about the importance of spending enough time to perfect a certain skill, and that time should be about 10,000 hours. However Gladwell also talks about the

“As one of the very few women on Wall Street, I can tell you, sometimes I was

The first computer related product from Sony was introduced in 1967. They co-developed the microprocessor collaborating with Intel Corp. in 1971; however, the core of their electronics sales continued to stream from the audio and visual electronic equipment such as TV’s and radio systems. Sony has always stayed true to their mission of designing with functionality and portability in mind and as that became important to consumers in regards to laptop design, Sony was ahead of the curb creating more compact designs in addition to the co-development of the word processor and the 3.5 inch floppy disc which was a new and innovative recording medium at the time. (####) Currently, Sony has become one of the foremost manufacturers of audio, video, information and communication products for both the customer and the professional business markets; furthermore, its products are synonymous with quality, and value.