...Self-assessment Is entrepreneurship for me? It can be, since almost anyone can become an entrepreneur. Based on the self-evaluation quizzes, I think I would probably ace at being an entrepreneur. According to the Myers-Briggs personality test that I have done there are weaknesses and strengths in me which I have discovered. This test is the best way to understand your personality or psychological type as people differs from each other through 4 primary ways or psychological preferences. The aftermath of the test got my jaws dropped. Everything about me was so accurate. There is absolutely nothing I would disagree on because the test is reliable and valid, backed by ongoing global research and development investment. Something that made me flattered and proud was getting to know that I, make a good teammate and partner. From my point of view, my strengths strongly lie in creativity and optimism. I am a really creative person because I tend to think 'out of the box'. To be an entrepreneur, I believe, it is really important to have a gargantuan imagination that is constantly innovating and seeing the world through a different lens. Creativity is innovation and entrepreneurship is all about innovation. Optimism is something that I inherited from my parents. Optimism is about seeing options to reality. As an optimist I always think that there are more options when bad things happen. So, I would try different things in order to get out of a jam. Optimism can also allow a business...
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...The Entrepreneur who inspires me Background: The entrepreneur who inspires me is Kaniz Almas Khan who is the owner of Persona. She is the pioneer who established Persona as a brand in the beauty industry. She is the successful entrepreneur not only among the women but also among the entrepreneurs of Bangladesh. With a deep passion on beautification of human being and a great wish to do something different and big, she started her journey in the beauty industry. She has started her journey with a very small capital. Though her parental home is in Dhaka but she was born in Chittagong. Her father Dewan Badiul Alam used to stay there in connection with employment. She had passed her childhood at Dhaka’s garden house in Malibag. After passing Secondary and Higher Secondary Examinations from Siddheswari Girls School and College, Kaniz Almas Khan accomplished graduation from Eden College. Then she took training on Beatification from famous beautician of Bangladesh, Zerin Ashgar Khan. Later took training from Kolkata, Mumbai, Delhi, China and Bangkok. With a deep passion on beautification of human being and a great wish to do something different and big, she started her journey in the beauty industry. In her journey to become a successful woman entrepreneur in the beauty industry of Bangladesh, she got all types of necessary supports from her mother, in laws, husband and peer groups. Then from innate eagerness to beauty and with the inspiration of the members of the family, make-up...
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...self-assessment for small business ownership I found myself on the bottom end of the top category where 120-140 points indicates person likely to thrive in a small business, 80-120 points indicates a tendency towards small business ownership with some areas of conflict and below 80 points indicates a person probably not suited for small business ownership (Small Business Association). My score for the self-assessment was 120 points which I was actually a bit surprised how high it was, either I am over confident, accurate in my sense of self, or naïve. There are a variety of factors that play into the success of an entrepreneur, based on the person alone. I think my strong suits are my age and life situation. I am 27 years old, single and do not have a lot ties. This means I have more financial freedom than say an individual with kids to feed. I have started saving for retirement but I am at an age where I can take risks and still have time to recover. I have a family that is supportive with my ideas and passions. I would say I am a risk taker but a rational and educated risk taker. I do not act on a whim, before diving head first I think about possible outcomes, hazards, consequences, and likelihood of success. I would gauge my personality as outgoing, easy to communicate with, and likable. I recognize my weaker traits are that I can lack confidence, I do not like to be pushy and at times I can become complacent. I have worked in sales and this is where I learned quickly what aspects of...
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...Psychological Traits of an Entrepreneur What is an entrepreneur? One who starts a business from nothing? Someone who happens to create the next best thing? Well, both of these things would be considered an entrepreneur. However, there is no set in stone definition of what an entrepreneur actually is. Despite that, these types of people do differ from your everyday person. They possess specific characteristics that help influence how decisions are made, which is an enormous task in the process of starting up a business and eventually keeping it functional (Brouthers et al., 1998). So, what exactly are these traits that make entrepreneurs so much different than others? I, amongst many others, believe that there are definite attributes that entrepreneurs have that drive them to do what they do so well (or not so well). And as a typical American, I shall compare my most central psychological traits and compare it to those of an entrepreneur Entrepreneurs are motivated. They have some sort of drive that causes them to put so much time and effort in one of the hardest tasks to do today, starting a business. Entrepreneurs tend to have a need for achievement. This need for achievement, not only helps motivate and bring positive thoughts, but it can also have its negative factors. These could be frustration, which leads to mistakes, which could ultimately lead to unemployment (Shapero and Sokol 1982). Like entrepreneurs, I too have a need for achievement. For example, I always wanted to be...
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...Entrepreneur Business Plan Assignment ACC 557 November 16, 2014 \ Abstract People in America are creative, ambitious, and industrious. Many people are not content with just a single paycheck from week to week. Always looking for alternative ways to be productive and earn more income, I have thought about starting my own business. From my experience a small business is started from a person’s hobbies or it involves the person’s interests. Today’s marking techniques makes it easier for an entrepreneur to buy and sell their products and services worldwide. Having an easier way to buy and sell your products gives the entrepreneur a chance to perfect their craft more. Spending less time trying to sell a product gives an entrepreneur or a small business owner to work on a new product. In this paper I will discuss the details about the small business I would like to open one day soon. We will discuss my business plan in detail, including the financial report, and how to implement this plan to start my own business. Discussing the reasons why as entrepreneur, I would choose to use GAAP over IFRS, are also included in this paper. A sample chart of my account statement for my business is included as well. BUSINESS PLAN Many people in America are creative, ambitious, and industrious; always looking for other ways to make income. Because I am just like most Americans I decided to start my own hair dresser type of business. From my experience a business is started...
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...by: Audrey LOW Hui Xin Justus WEE Rui Hao LUO Jingwei Nicolas Olivier Valentin VILMIN TEO Wei Xin Entrepreneurial Management Group Report 1 Contents Abstract ........................................................................................................................................................ 4 Introduction ................................................................................................................................................. 5 Background of Manager............................................................................................................................ 5 Background of Entrepreneur ..................................................................................................................... 6 Attributes and personal beliefs system of both Manager and Entrepreneur ............................................. 7 Evaluation of Interviews ............................................................................................................................. 8 Manager’s Views on Entrepreneurship – Michael Goh ............................................................................ 8 Entrepreneur’s Views on Entrepreneurship – Peter Low .......................................................................... 9 Comparison of Views.............................................................................................................................. 11 Similarities ............................
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...situation, I didn't think much of it at the time. However, over the next couple of months, several of my uncles were laid off as a cause of this incident. Angrily, I wondered how such hardworking people could be fired so easily. Indignant, I began reading and researching, finding all I could about the 2008 Global Financial Crisis. Why did the company fire Uncle Qi? What began as resentment soon evolved into curiosity and interest. I was shocked to learn that the decisions of a few people could have such profound and resonating impact on the global economy. Yet, what intrigued me the most was "why". Questions such as "Why did Henry Paulson choose to let Lehman Brother go bankrupt?" and "Did emotions play a role in his decisions?" fueled me. I knew economic decision making was something I wanted to pursue....
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...Days before departure to the UK, everything seems wonderful and bright. I was looking forward to it and cannot wait to have a glance on the “empire on which the sun never sets”. I am always someone who desperately looking for freedom and exploring new things as my motto is that the human’s life was never too long and ought to be utilized by exploring and changing consistently. Therefore, I thought that changing and adapting in a new environment was never a problem to me. The first week that I have arrived to UK, things do not happened that how I expected. The invasion of loneliness, homesick and culture shocked were continually gusting my mind, I was surprised to experience these as a “foreign element” and trying to revise the “status quo”. (Satir et al,1991) As the “foreign element” arose, a period of “chaos” then ensues. Thoughts in my deep were crumbling and I really cannot belief that I was so unadaptable at time encountering a new environment that I once yearned. I have got freedom that I never had but I am not happy with it. However, a while later my conscious was told that it is worthless to struggle. I began to wonder that there probably has a way out and I believe that this is the “transforming idea” stage which I am approaching to terms with the reality of the situation and experiencing acknowledgement and acceptance. (Kubler-ross model) I have seen the light, or at least a glimmer of hope. But it still takes time to ease my feelings and try to put myself together...
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...Preface/Unit Reflection I had many thoughts about my audience and the format of this essay before I started, but as I haven’t done essays in a long time (business majors usually focus on projects, not essays), I decided that I wanted to write my first project in a straightforward fashion. I feel that I need to get the rust off my writing, so to speak I chose to write to the rest of the class because 1) They will be peer reviewing it, so it’s convenient for them that they are the target audience and 2) I could express my thoughts in a straightforward fashion that my audience can relate to very well, as they are in the same position as I am. I wrote this essay as if I was writing to an intellectual friend who is also taking this class, is very interested in English and entrepreneurship, and wanted to see how the two topics coincided through the lens of genre analysis. I assumed that the reader knew the definitions of materiality, genre and genre analysis, and discourse community, as the intended reader is in this class and has done the readings. Surprisingly, I learned a lot about my field through reading and writing for this unit. I really loved the challenging readings, as it seemed as if I were “getting smarter” reading them. Pushing my brain processing abilities is great for my brain’s capabilities, which I value. As I wrote, I would constantly think of new ideas about my field, such as the materiality of online articles in an entrepreneur’s life, and think hard. I appreciate English...
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...eWhat it takes to be a successful Entrepreneur 1st year / 3rd Trimester Course: Industrial Management and Technology Teacher: Elisabete Lopes Student: Fernando Miranda Nº 1202750 0 Contents Abstract ............................................................................................................................... 2 Introduction ......................................................................................................................... 3 What is an entrepreneur? .................................................................................................... 4 Do You Have What It Takes To Be An Entrepreneur? ...................................................... 4 A True Entrepreneur ........................................................................................................... 5 8 traits of successful entrepreneurs – Do You have what it takes? ..................................... 6 Example Of How An Entrepreneur Responds To An Opportunity .................................... 9 Conclusion ........................................................................................................................ 10 Bibliography ..................................................................................................................... 11 1 Abstract A successful Entrepreneur must have strong leadership qualities, highly self-motivated, strong sense of basic ethics and integrity, willingness to fail, serial innovators...
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...politics were very limited. I’m embarrassed to admit it, but I have always been a little ignorant when it came to knowledge about the government or political issues, but have always wished that I knew more, especially with the economic problems we are facing today. I never really did form many political opinions, one way or the other. I vote every election, but never really understand the bigger picture at hand. Such as, all the issues that a candidate stands for or the impact of proposals on the government. When people around me have conversations about American politics, I am embarrassed that I either do not understand what they are saying, or cannot add to the conversation because I don’t know what to say. I guess you could say that I have always been a little cynical when it came to politics. Part of this reason is because I have always felt that the political game played in American politics was just a bunch of people talking baloney, making empty promises, trash talking their opponents, and trying to persuade people to think their way. And whoever does this the best wins, end of story. I’ve always known that there was more to American politics that this, but never really tried to find out more. So, when I signed up for this class, I wanted to shed my ignorance and learn more about my government and how it operated. I am proud to say that my knowledge of our government has been expanded to the point where I am fully capable of understanding the full context of our government...
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...entrepreneurial leadership .Before starting our analysis, two important concepts need to be addressed: Leadership and Entrepreneurship. Leadership is directing or inspiring people to attain organizational goals (Boone and Kurtz, 2011). An entrepreneur is a person who seeks a profitable opportunity and takes the necessary risks to set up and operate a business (Boone and Kurtz, 2011). In the past 15 years researchers have tried to merge those two concepts into one concept Entrepreneurial Leadership .The common point of those researchers is that most defined some of the main elements of what they taught entrepreneurial leadership meant (Tarabishy, 2003). According to the research result of Ayman Tarabishy (2003) entrepreneurial leadership is one of an enterprising, transformational leader who operates in a dynamic market that offers lucrative opportunities. Entrepreneurial leaders are usually risk takers, driven, and can recognize when change will give an advantage. Entrepreneur leaders are engine of innovation, renewal, and job creation (Verheul, 2007). Entrepreneur leaders apply their talent in different situations and have different entrepreneurial approaches. Thesis Statement: In analyzing the importance of leading entrepreneurs to determine their entrepreneurial approaches one of each of the following categories will be addressed: (1) profit oriented, (2) social responsibility oriented; 3) personal approach and leadership style identified; and (4) tools available that...
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...objectives that I would like to achieve as part of networking to help me with my short or long-term career goals are the following: Firstly, I am most interested in finding out what skills I need to get a particular job. Though skills are included in a job descriptions, but I would talk about how my past experiences and skills could relate to an entry level position in the networking contact’s company. This conversation may lead me to realize that I am a great candidate for the job, or that I need to gain more skills and experience for that particular job. I would discuss with him how I can get those necessary skills related to the job or industry. Secondly, I will find out the strengths and type of personality that an employer is looking for. I will specifically ask about the mental and physical strength necessary for the job. While I may have the strengths that a position or company requires, I need to ensure that I fit in the company. Different personalities often have difficulties getting along, so this is a big factor. While I consider myself a team member and friendly person, I still need to figure out the culture of the company. Then, I would like to know the prospects for the industry and the areas that are expanding and recruiting. This is important for both my short and long term career goals. I would seek information about who is hiring, for which sectors, and for what type of positions; such that I can gather the necessary skills and experiences. Next, I would ask what...
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...lead to higher job dissatisfaction. There is a quote states that “planning without action is futile, action without planning is fatal”. Therefore, it is utmost important to have a plan for our future career. Since I was in primary school, I really wanted to become a doctor. That was why I studied science in my senior high school, but I really did not get pleasure in science classes. When I graduated from my senior high school, I made up my mind to change from Science to Business in foundation. As time goes by, I have developed an enormous interest in business. Thus, I decided to become an entrepreneur in my future. There is a stationary shop in my university which is located at G-17, The Boardwalk, No. 2, Jalan Taylor’s, Bandar Sunway. I frequently go there for buying stationary’s stuffs. I often have a talk with the owner of the shop, named Mr. Loi Tee Seng. I found out an interesting biography of him. Hence, I decided to interview him as my role model as a success entrepreneur. Background of the Entrepreneur Through the interview that I conducted with Mr. Loi Tee Seng, he studied Bachelor of Law in London, England. He was not completed his study because of the recession of his own country (Malaysia). Mr. Loi Tee Seng (52 years old) is a social entrepreneur that started his business of printing company since 1991. This business is his main business and still...
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...Preparation Describe an original idea for a product or service you think you can develop and sell. A service that I think I can sell would be motivational speaking. I can also develop and sell books. The most inspiring and successful motivation speakers are those with a personal story of success that can be passed on to audiences (Marsden, ehow.com). I know this because I am currently doing speeches now and will eventually author books. I choose this path because I have always been a talker. Every since a child, I have loved to speak in front of crowds. I would love to read the Sunday school minutes. I was then introduced to Toastmasters International Speaking Club and was advised of how well of a speaker I am. I did not believe it at first. I then begin to see it because people demanded me to speak so they could hear me. I decided I could make this a career, so I started speaking. Now I am four speeches away from having my Advanced Communicator Silver with Toastmasters. Once it is obtained, I will only have one more level to reach out of five, which is the Advanced Communicator Gold. I am also working on becoming an accredited speaker through Toastmaster. Once I become an accredited speaker, I will be able to charge for my speeches versus accepting whatever donations are provided. Once my speaking career takes off, I will venture off into authoring books. I think I can sell books because I am an excellent speaker and people will want to read my books. Once...
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