...uncertainty and take risks, self-confidence, internal locus of control and more. I will be finding out if successful entrepreneurship is based upon the personalities of individuals or not. Previously, I was never really into entrepreneurship until I started college a few years ago. Having done a fashion design course with sewing and marketing experience, this really made me think about starting my own fashion business in the near future. I had the privilege of gaining further experience and knowledge about the fashion industry through work experience with designers and working at London Fashion Week. This enabled me to talk to designers and have an insight on how they became successful as it is a hard market to have a breakthrough in. Having seen how other designers started out, even with minimal experience and no further education made me more determined to make my dream a reality considering I had experience and now in further education to obtain a degree. On the other hand, there is no success manual in becoming an entrepreneur, therefore I believe it depends on character and personality traits life has taught people, rather than the type of person you have been since birth. In this assignment I hope to find out the answer to the assignment title. Various authors have written and given several different definitions of the word entrepreneur or entrepreneurship. However, the term entrepreneur can never fully be defined in one way. The definition that I agree with the most...
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...status and current state of the venture into entrepreneurship. If the entrepreneur has just begun the process of going into entrepreneurship – gaining the capitol either from loans from banks, lines of credits, etc. would be difficult to obtain during the crisis. If the entrepreneur is currently in entrepreneurship, then I would say that during these times that the entrepreneur would have to innovate ways to keep up with its competitors and invent ways to keep customers coming back. What excites you about being an entrepreneur: Even though I’m currently not an entrepreneur, I have the desire and admiration to become one – which I plan on doing upon retiring from the corporate world. What excites me about the opportunity, is that I could be me own boss and don’t have to report to anyone. I can make my own decisions, set policies and procedures, sign the paychecks, make business decisions for the better of the company, etc. – I think for the most part I like the thought me saying that I own my own business. What concerns you about being an entrepreneur: A lot of things concern me about becoming an entrepreneur at the present time due to the economic situation. If I did not have a steady job in the corporate world, I probably would act upon my entrepreneurship regardless to how the economy is currently. I would be concerned with how I would come up with the finances to start my venture. How long would it take for me to see a profit in the business, I would be used...
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...Entrepreneurship is the process of starting a business or other organization. The entrepreneur cultivates a corporate model, obtains the human and other necessary means, and is completely accountable for its achievement or disappointment. Entrepreneurship functions within an entrepreneurship environment (Maier, V., & Zenovia, C. P. 2011). According to Maier, V., & Zenovia, C. P. (2011), entrepreneurship and intrapreneurship are similar because both involve an exclusive business theory that takes the form of a product, process, or service, both are ambitious by an specific supporter who works with a group to convey the perception to realization, both are based on worth formation and responsibility to a consumer, and both require possibility and necessitate risk management strategies. Entrepreneurship would be a better advantage to me in my current career. Being entrepreneur is a challenging task to take on but the outcome will be lasting and fulfilling for my family and career. The purpose for me striving to be an entrepreneur is to set a foundation for my children to make their lives better and to give people a second chance that made mistakes in life due to environmental situations and or being young and lacking knowledge. Also I dislike the interviewing process and I personally never want my children to go through it and feel rejected; therefore, I am encouraging them to attend college and obtain a degree for the purpose of adding on to the family business or opening their...
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..."I think I am/am not an entrepreneur. I am a ... entrepreneur because...” 15/9/201 Introduction In this assignment, I will explain as to why I think I am a lifestyle entrepreneur and the reasons as to why I think I am classified as this type of entrepreneur. I will discuss what a lifestyle entrepreneur is as well as the major motivations that form an integral part of the lifestyle entrepreneur’s choice to follow the specified path. The following motivations of autonomy, family and leisure time, passion and intrinsic reward and satisfaction as well as life quality will be discussed at different stages of my assignment. I will also show how some of these motivations integrate together to form a basis for the lifestyle entrepreneur. What is a lifestyle entrepreneur? As noted by Henderson (2002:49), to support a desired lifestyle or provide a family income is reasons as to why a lifestyle entrepreneur will start a new venture. These entrepreneurs also seek independence and control over their own schedule. Whilst Mottiar (2007:67) argues that a lifestyle entrepreneur is concerned with maintaining income at a level sufficient enough to provide them and their family with adequate funds to allow them to enjoy their chosen lifestyle. As can been seen in the above, lifestyle entrepreneurs aim to make as much money as they require to live and maintain the lifestyle of their choice (Janssen-Selvadurai, 2010:187). Important components to the lifestyle entrepreneur that act as motivating...
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...successful entrepreneurs should have the following characteristics: leadership, originality ability and self-confidence, the traits are independents, individuality and optimism, innovate, creative, flexible and leadership behaviour, they always task-oriented and future-oriented, and play role of risk bearer. From these characteristics, I can find some of the characteristics which I have or not, so in order to impact my ability, I will critic and analysis those characteristics by two parts which are three areas sufficiently developed and three areas require further development. 1. Three areas sufficiently developed (1)High-achievement motivation For my personal view that the "desire" driven entrepreneurs to face all challenging, and supporting me decide the ways of do things. Sometimes, people often evade some problems and tasks which are they may think difficult to solution. But I always prefer to solve those difficult problems. Although sometimes the outcome cannot achieve expect of...
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...Three Pillars Essay Harun Murage Grand Canyon University Entrepreneurship An entrepreneur is an individual who organizes and manages any initiative, particularly a business venture, typically with substantial creativity and risk, (Bolton and Thompson, 2000) have defined an entrepreneur as “an individual who usually makes and revolutionizes to build something of recognized importance around apparent openings”. According to (Onuoha, 2007), entrepreneurship is defined as the practice of starting a new venture particularly a business in response to a spotted window of opportunities. (Lowell & Sharon, 2001) entrepreneurship is the procedure of designing, starting and running a new business, which typically begins as a small business offering a product or service for sale or hire. It’s the capacity to organize resources for a profitable venture. Entrepreneurship entails total creativity and innovation, and usually, hard work to achieve the set objectives. It could be new and different ways of doing something much better, smarter, simpler and effectively. Entrepreneurship is a drive or a spirit to inspire others in what they do and how they have succeeded in the business. Ethics Ethics means doing what is right in a responsible and accepted manner, for example, putting something back where you found it, not yelling to your colleagues, always saying sorry and so on. (Rushworth, 2009) states that "standard definitions of ethics have typically included such phrases as 'the...
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...Erasmus University of Rotterdam Erasmus Centre for Entrepreneurship The Impact of entrepreneurship education programs on entrepreneurial intentions: An application of the theory of planned behavior Master Thesis Sofia Karali 357726 Supervisor: Pr. Dr. Roy Thurik Erasmus School of Economics Co-reader: Hendrik Halbe MSc Erasmus Centre for Entrepreneurship Erasmus School of Economics Rotterdam 2013 Abstract Though many researchers have focused on entrepreneurship education, little research has been conducted on the precise effects and overall effectiveness of the entrepreneurship education programs. Drawing on the theory of planned behavior, this study investigates the impact of entrepreneurship programs on the entrepreneurial intention of students in higher education in the Netherlands. Data for this study is drawn from GUESSS (an international project investigating the entrepreneurial spirit of students worldwide). The results show that participants of entrepreneurship education programs are more likely to have higher intention (right or five years after their studies have been completed) to found their own businesses compared to nonparticipants. Furthermore, attitude toward entrepreneurship, subjective norm, and perceived behavioral control mediate the aforementioned relationship. The findings of this report contribute both to the Theory of Planned Behavior and to the field of entrepreneurship education. 1 Contents Acknowledgements 1. Introduction 2. Literature...
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...Entrepreneur: Tom Bostock- ‘The Travelling Fishmonger’ 1. Introduction The definition of an entrepreneur taken straight from the oxford dictionary is ‘a person who sets up a business or businesses, whilst taking on financial risks in the hope of profit’ (Whitelock, 2011). A definition this simple is near impossible to find in any scientific journal. Schumpter (1934) was one of the first researchers to claim that an entrepreneur was an actual state of being that was different from a business owner or manager, and since that faitful article many researchers and scholars have attempted to define the term, entrepreneur. They have found this to be a very difficult task indeed as many ‘scholars have concurred that a common definition of the entrepreneur remains elusive’ (Gartner, 1988). Many studies focus in on the characteristics of an entrepreneur, suggesting that certain characteristics such as ‘need for achievement, intelligence, creativity, energy level, and desire for money’ (Aboud, 1971) are common throughout entrepreneurs. Gartner, accepting these claims, goes onto suggest that if you base the definition of an entrepreneur on characteristics then ‘an entrepreneur is a personality type’ and therefore ‘a state of being that doesn’t go away’ (Gartner, 1988). A more specific definition, by Hornaday and Aboud (1971), of a ‘successful entrepreneur’ is ‘a man or woman who started a business where there was none before, who had at least 8 employees and who had been established...
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...technology industry and chose to start his own business at an early age. So far he has opened a number of businesses and have achieved success. His visit opened my eyes to the world of entrepreneurship, especially with regards to innovation. Since then, I began to pay attention to domestic startups, as they are brimming with creative, innovative energy. Their successes motivated me to develop my own entrepreneurial qualities in preparation for the real world. However, I realized that in order to make more significant contributions to the field, I would need to gain...
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...in creating a energetic and faster economy growth for the nation, the Malaysian Government has been dynamically promoting women entrepreneurship towards realizing Malaysia’s Vision 2020. However, notwithstanding the importance of this area, our group has been choose to do research in this area, to prove how much is important woman entrepreneurship in social life of Malaysia. Further, it was reported by the Ministry of Women and Family Development (2003) that Malaysian women entrepreneurs are under-represented in the business world with evidence that some undesirable development where micro-enterprises which were scaled up to bigger enterprises were subsequently managed and taken over by the husbands or other family members (Jariah & Laily, 1997). Besides that, the number of Malaysian women who make it to the international market is still small (Rafidah, 2005). They are urged to charge their mindset in line with the changing of times in the business world and are advised to start producing quality products which are capable of penetrating the global market (Azlan, 2005). 2.0 Introduction The present report is an overview on the results of our survey that was carried out in the frame of the title “INVOLVEMENT OF WOMEN IN SOCIAL ENTREPRENEURSHIP”. The main aim of the survey was to find out what problems have women to start their entrepreneurship in social life, or what influence them to start their business. Also, we can say that Malaysia presents an exciting site for...
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...Entrepreneurship People say that life is not about money and that money cannot buy happiness. Have you ever seen some one on a jet ski that looks sad? While it may be true that money cannot directly buy happiness, money easily unlocks the doors for happiness. Whether it is a small business startup or it is a simple investment opportunity, seizing the moment can result in the option to retire early. Entrepreneurship is the ability to flip investments and businesses for a profit. Entrepreneurship is what allows me to work from home and be my own boss. Entrepreneurship is what lets me live life to its fullest without restrictions. Looking back at my short time in business, I have started a business before I was able to drive, I turned a hobby into a source of income and I have been able to help my parents with finances. My first business venture came when I was 14 years old. I was very interested with making YouTube videos and how to get more views. I created my first website detailing the different methods on how to gain exposure on YouTube videos. It took me over a month to read up on web development and networking. I took the plunge and bought my first server to host my website. I implemented Google Analytics so I could watch how many viewers I was getting and what pages they were most interested in. After a couple of weeks of letting the site run on auto-pilot, I started to receive a few emails about creating websites and managing their web servers so I decided to start...
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...The Monk and the Riddle By Randy Komisar I must admit I knew nothing about entrepreneurship before this course started, I didn’t even know how to spell it (think I still don’t). But while reading this book and as the storyline advances and with each page read I found myself noticing similarities and identifying with Lenny. How do I want to live my life? I know I have pondered on that questions several times in my life, but after reading this book, I find that question which used to arise every now and then usually as a conversation starter, has now become a permanent thought in my mind ending with several exclamation points. Am I aiming towards a deferred life plan or am I really focusing on what I love to do? Am I Lenny 2.0, missing the “Big picture” and only focused on “Results” as my philosophy? Am I overestimating my product or underestimating my market? I started believing that this book would be one of those “How to” (Entrepreneurship for dummies) book, some guy’s lovely memoirs masqueraded as an instruction manual for newbies in the Entrepreneurship business, I was indeed very glad to be proved wrong. The book starts out with an awful pitch from Lenny, which resonated to a recent interview with a head hunter, who gave me feedback post interview in terms of too much energy & overly expressive in my CV (Which he handed back with huge X’s everywhere). Sometimes you need a “Randy” to tell you that indeed you have worked hard but that it is not enough and you can always...
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...Difference Between Entrepreneurship & Small Business Management By Chris Joseph, eHow Contributor A small business enterprise requires skilled management to become successful. Depending on the nature of the enterprise, the entrepreneur and the manager may be the same person. In other cases, the entrepreneur may have little to do with the day-to-day operations of the business. The skills need to be a successful entrepreneur are not necessarily the same ones required to be a competent manager. 1. Leadership Skills * An entrepreneur is often a sole proprietor who does not employ others in her business, so she might not need to possess strong leadership skills. A small business manager is typically in charge of running a business operation, which may involve the need to manage a staff of employees. The entrepreneur who is also a manager faces the challenge of ensuring the profitability of her operation while effectively leading a group of workers. Focus * Entrepreneurship requires a business owner to look at the "big picture" pertaining to his business, which may include seeking new markets, establishing important contacts through networking and planning for future expansion. Small business management may be more focused on the day-to-day operations of the business such as dealing with customers, ordering supplies or overseeing production. In essence, entrepreneurship involves developing the plan while management involves the execution of the plan. ...
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...narrative makes it difficult to change capitalist structure. At the Impact Day conference in Amsterdam, many ecopreneurs showed their indignation about the concept of “social entrepreneurship.” According to them, using this term implies that...
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... take responsibility; it’s time to lead; it’s time for a change." ― Steve Maraboli Stefania Lanfranchi stefania.lanfranchi@student.unisg.ch CEMS MIM BLOCK SEMINAR on SOCIAL ENTREPRENEURSHIP Prof. Devi Vijay Number of pages: 10 Kolkata, September 23rd 2013 CEMS MIM BLOCK SEMINAR Prof. Devi Vijay Indian Institute of Management Calcutta Stefania Lanfranchi Introduction This paper constitutes a reflection on my learning gains as a consequence of attending the CEMS MIM BLOCK SEMINAR 2013 at the Indian Institute of Management Calcutta. In the fol-‐ lowing, I identified five topics, which to me, have contributed greatest to my intellectual and personal development. Notwithstanding, I will neglect certain aspects and course contents of the block seminar. This is however necessary in order ...
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