2) Why do many entrepreneurs initially set up their businesses as sole proprietorships? Why do many successful entrepreneurs eventually decide to convert their sole proprietorship to some other form of ownership such as a corporation or LLC?
Any business, large or small, takes someone with a dream and a passion, exactly what Joseph Shaughnessy had. Starting out after his graduation from college, and ten yesars of employment, him and his friend Lorry Bannes were already making great strides, holding executive positions, but they wanted more. They took their desire and created their own business, setting up their future and achieving their goals. Did they make the right decisions along the way? Did they have the right balance? And how did Joe use the business to promote his beliefs?
Social Media began affecting our communication and relationships as early as 1969 when the first internet service provider become available to U.S. universities. In 2002, Friendster, the first social media website available to the U.S. was created and gained over 3 million members in just over 3 months. One year later, MySpace launched. In 2004, Mark Zuckerberg, a 24-year-old Harvard student, created Facebook, an online social networking service. This service was originally a way for students to interact. Today it is the world’s largest social networking service and allows over a billion users to connect though posting photos, sharing links, and comments which all appear on a “News
To conclude, many people pay every sacrifices to become successful in their business like Charlotte and Shimels. Both Charlotte and Shimels started from the bottom to become successful in their business even is their life style was different. They can be a role model for people who want to be entrepreneur. People should learn lessons from Charlotte’s and Shimels’s
Facebook is a major social networking site that connects users through text, post, and video all over the world. It was created by Mark Zuckerberg on February 4, 2004 at Cambridge, Massachusetts. It now has about 1 billion users and has grown to become the second most popular site ever. Facebook has enabled many people to communicate and share things online like never before. In can also raise support or awareness for a cause through facebook. This of course shows
The 2000s also featured a positive impact. This positive impact was known as Facebook. Facebook was founded by Mark Zuckerberg. Facebook previously was known for student pictures. Since then, Facebook grew more popular and became available to anyone who’s over the age of 13. “ Facebook’s founders soon made the website available to other colleges in the Boston area. Interest continued to grow, and the website eventually became open to any university or high school student. In September 2006, Facebook opened to anyone over the age of 13 with an e-mail address” (“Facebook
People wonder all the time how companies started out and how they got so successful? An example of a person who has helped successful people get off their feet. James Dill, the founder of CT, allegedly is the person that laid down the foundation for the incorporation law (“CT Sponsors 2015 Small Business Week.”). They are associated with the SBA, also known as the Small Business Association. CT Corporation offered a convention like event about recognizing small business and their contributions to America. These conventions date back to 1963 (“CT Sponsors 2015 Small Business Week.”). Certain traits help small businesses become successful, such as, persistence, confidence, fearlessness, and passion.
Facebook is the biggest social media network on the internet with a massive following which continues to expand. Mark Zuckerberg alongside his college roommates created and launched the world’s most popular social media site on 4 February, 2004. Zuckerberg previously developed other sites for fellow students to
Seeing my parents collectively start up and run a successful business during my childhood made me wonder to how they were growing their business sustainably. Therefore, I am inclined to learn more about how to effectively manage and market businesses. One point I can derive from observing the amount of work my parents put into their company is: anyone can succeed in whatever they do, it is solely down to how much effort you put in.
Originally from the Caribbean, Eric Linzey always knew that he wanted to be a business owner but wasn’t completely sure of what to do. Between the ages of 18-20, Mr. Linzey began exploring the world of business. His “exploration” may have been longer than anticipated which equaled up to 22 years of employment and travel.
There are two reasons for setting a business. One is to profit. The other reason is to become successful. Good leadership is important in achieving these goals. Melchar and Bosco (2010) defined leadership as an integral component of organizational success. A successful organization will always keep abreast of modern development. According to Hossain (2015), such an organization has to be in a position to serve customers effectively. Yet in order to address, leaders have to address the plight of their employees. This paper analyzes life, accomplishments and traits of Richard Branson.
In the business world of entrepreneurs in South Africa there are some that are well established and known and some who are still emerging. In my research essay I will be discussing a well-known entrepreneur, an emerging entrepreneur and an entrepreneur from an Asian tiger country. This discussion will include the characteristics of a successful entrepreneur, the risks they face or have faced and the market and macro environment factors that impact on the running of their selected enterprises for each of them; the well-known entrepreneur I have chosen is Anton Rupert, the emerging entrepreneur is Siyabulela Xusa and the Asian tiger entrepreneur is Ricky Wong.
The entrepreneur I choose to interview is a well-known and respectable woman in the tourism-hospitality industry in Vietnam. Her name is Ngoc T.B. Nguyen. There are now many different definitions for the word entrepreneur and entrepreneurship, the definition of entrepreneur as the ‘risk taker’ might be the one that suits her best. Born in 1963, this woman has spent more than 10 years in the Tourist industry and has since then been an inspirational model for many young adults in her hometown. Nguyen started to work for a local hotel as a receptionist at the age of 20. At this time, because of many reasons, she finished high school but could not pursue her dream of studying higher. Not giving up, Nguyen kept working hard
Select an entrepreneur who has had measurable success with at least one venture. The situation involved could be a new business venture, a new product or a new process but it should represent a significantly new direction for the entrepreneur.