Who Is An Entrepreneur Or What It?

Have you ever wondered who thought about the idea of creating a multinational retail corporation here in America called Wal-Mart? Sam Walton - founder of Wal-Mart was behind that idea. Sam Walton is an example of great entrepreneur who wanted to make his business successful. An entrepreneur needs a variety of skills but does not need to have a formal education. Being an entrepreneur is challenging even if an individual is well educated on the field or has no education at all. There is always the risk conducting business because of the competition with other companies. However, what does an entrepreneur do? Do you have what it takes to be on top the business world and compete ? An entrepreneur must have is a guide to start and run a business even if it is a big or small business.

Starting a new/ successful business can be one of the hardest things that a person can do in their life. The business can come second to nothing in life , not even your family. This is often where people make the mistake and get in to deep. Planning is just the beginning but is the most important

Entrepreneurs are risk takers in the market. They are willing to gamble their hard work for a business that may fail or succeed. Many fail to keep their business alive, however; others are lucky to compete and survive in the market. Entrepreneurs like Maribel Galsim, owner of Maribel’s Daycare, were successful in their business. Maribel’s Daycare was successful because of hard work, patience, and being adaptable.

All entrepreneurs dedicate themselves toward setting up, maintaining, and growing their businesses. They venture out, start new businesses, and innovate new products. They spend much of their time and effort on growing their client base and making a difference for their clients. They usually live a hectic, very demanding, and highly stressful lifestyle. Many find it difficult to get a regular daily exercise and stress reduction activity. They often drive themselves hard to improve their services, products, and production. If they lack the manpower support and they are directly hands-on on all aspects of their business, they sometimes end up physically and mentally drained after a few years of operation.

From my upbringings inside my parents’ takeout restaurant to starting my own business, entrepreneurship was destined to not only be a scholastic interest but also my personal passion and life-long devotion. As I grew up watching my illiterate parents move to the United States and build their own small business, I learned the importance and value of engaged entrepreneurship. In high school, I began applying that knowledge in my own venture: an export company specializing in consumer discretionary. The experience fueled my love for entrepreneurship because it taught me how essential it is

My parents are my source of motivation of starting a business because they are both successful businessman and businesswoman. I want to see myself one day be just as successful as them, or even better. In order to gain knowledge early on in my life, during the summer of 2016, I was an intern for NCL Logistics. By doing that I was able to gained not only professional working experiences, but also knowledge about the world market. I was able to speak with very successful investors and owners of businesses about what makes business successful and the strategies.

Becoming an entrepreneur means having creativity and being able to sustain a successful business. Doris Christopher was all of that she founded the Pampered Chef. She sold small things like kitchen tools, food products, and cook books she was able to go from nothing and doing everything in her basement to having five thousand workers. Also Pampered Chef offers some she used her own creativity and turned it into a multimillion business. Pampered Chef was only worth three thousand dollars when it first was founded she well-earned title entrepreneur.

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

You are considering starting your own business when you leave school and are keen to start researching ways to achieve business success. You have decided to start your research by investigating a well-known entrepreneur. You are required to share your findings with your class in the form of a keynote address.

Many of us attending college at this time, attempting to gain an education, learning about business are likely aspiring owning a business in the future. Whether it’s a small business or large corporation overtime, it will likely have to start from the ground up. As start-ups, there are many obstacles new business owners may have to understand and overcome to have initial success.

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

It is essential for any future entrepreneur to strategically plan the opening of a business. When setting the foundation for a company, it is imperative that one considers the following: What is your offering and market demand? (Write a business plan) What will be your pricing? Estimate how long it will take to make your first sale. Determine what your differentiators are. How will you market? Brush up your sales skills. How to execute the steps needed to take project to completion. Financing options? Business location? What business structure are you going to adopt? How to obtain a tax ID, registering with tax authorities, applying for permits and licenses, and hiring of employees/training.

He knew that that in order to obtain a website, one had to either hire a dedicated, full-time web design firm, which was expensive or a DIY method with relatively inexpensive software programs but hindering it’s use is a steep learning curve for its appropriate use. Wooten took advantage of the technological trend and found gap in the marketplace for web design targeting specific market segments, which is the small business firms who could not afford full service web design firms and yet could not afford to erode their corporate image with cheap and unprofessional websites done by DIY methods.

According to the first segments on the TSBDC training website, one does not have to have a certain personality in order to be a successful entrepreneur. One does, however, have to obtain certain personality traits, or characteristics, to truly have what it takes to become a successful entrepreneur. For example, a person who lacks confidence, is shy and uncomfortable breaking rules or not willing to work as hard to find opportunities will most definitely struggle in entrepreneurship. On the other hand, someone who has perseverance, integrity, drive and willingness for innovation has potential to make it unbelievably far. This is why if someone becomes interested in becoming an entrepreneur, it is a good idea to make sure they have what it takes. Comparing your personality traits to one of entrepreneurs is a great start. The lengthy list of characteristics ranges from competitive, positive, and good money management to confidence, accessibility and reputation. Where it gets tricky, though, is that someone might not have every personality trait listed. For that reason, one might want to ask themselves different questions to ensure their true ability. The main five questions one might want to ask them self are as listed: Are you comfortable breaking rules? Are you going to be able to handle making enemies along the way? Will you be willing to start off small in attempt to work your way to the top? Can you rapidly move and change your strategies? Can you close the deal? (TSBC)

Considering any business, people imagine rich, prosperous, initiative and resourceful entrepreneurs, who successfully started and developed their own company. Today’s interview deals with spa business. Chief Manager of an International A.B.C. Spa company will help us to understand the system of spa business and its profitability. A.B.C Spa cooperates with world leaders and professionals in this sphere. It efficiently provides qualified service for clients. Our interview will help to learn more about spa business on the example of a small A.B.C. Spa branch in America.