...SocEntResearch.org | SocEntResearch.org | Collecting data on social entrepreneurs is problematic for a number of reasons. For instance, the nascency of the field means that there are relatively few (as compared with fields like commercial entrepreneurship or family firms) potential subjects for those wanting to study founders of social ventures. Moreover, due to the global nature of the field, social entrepreneurs tend to be a disbursed group. Add to this the fact that there is little government-mandated public information on most social enterprises (as is the case with publically-traded firms, for example), and one can understand why few empirical studies on social entrepreneurship have gone beyond case studies. This is evidenced by a recent study by Short, Moss & Lumpkin (2009) which found only 16 papers published on the topic which utilized quantitative methods and most of those employed only descriptive statistics (e.g. means, medians, ranges). While theoretical pieces and case studies have added significantly to our understanding of social entrepreneurship, the dearth of quantitative research on the topic is extremely troubling. Without such research, our findings lack the generalizability needed to prescribe best practices to disparate social entrepreneurs. Additionally, the problems inherent in collecting data on social entrepreneurs and enterprises both discourages scholars from joining the field and limits the types of studies and publication outlets...
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...Contents 1. INTRODUCTION 2. FACTS ABOUT ENTREPRENEURIAL EDUCATION 3. IMPORTANCE OF ENTREPRENEURIAL EDUCATION 4. IMPORTANCE OF LIFE EXPERIENCE 5. CONCLUSION 6. LIST OF REFERENCES Introduction Within the last 25 years the number of entrepreneurship courses increased twentyfold and amazon.com lists over 45,000 books dealing with entrepreneurship. This demonstrates the increasing interest in entrepreneurial education and illustrates that there is a strong belief that entrepreneurship can be taught. In contrast, successful business leader as Zineb Hefiri didn’t attend any entrepreneurial courses and argue that her success came from her life experience.1 Moreover, there are plenty stories about entrepreneurs who run a business without a college degree, some without even finishing high school. Are they the exception or is being an entrepreneur an art that you either have or don't have? What is the road to be a successful entrepreneur? Does entrepreneurship education make people better entrepreneurs? Or are life experiences enough to establish the required skills and knowledge? The purpose of this dissertation paper is to identify what makes a successful entrepreneur and to determine to which extent entrepreneurial education has more impact than a person’s life experiences. ¬¬¬¬¬¬¬¬¬¬¬¬¬¬___________________________________ 1Mondo, M 2011, Entrepreneurship: Managing new venture growth, Pearson Education, viewed 04 December 2011 Facts about Entrepreneurial...
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...------------------------------------------------- Myth 5: Entrepreneurs Must Fit the "Profile" Entrepreneurs and Entrepreneurship: An Introduction It is not easy to give a particular answer to the question: Why do people want to start and run independent businesses? Different answers may come from different people. Some people may start a business just because they love independence and hate to tolerate bossing in the jobs. Some may not have the capability and qualification to do a job and as job is not available to them, they go for independent businesses in order to survive. Some may have some special skills and love challenges to run an independent business. Several motivational factors like need for affiliation, need for power and need for achievement (McClelland, 1961) are also responsible for going for an independent business. Murthy, et al (1986) found that entrepreneurs are motivated to start a business because of the factors like ambitious factors, compelling factors and facilitating factors. Whatever may be the reason, it can be said that in most of the times of the history of human civilization, there were entrepreneurs who did independent businesses and this trend of history still continues. For the last few decades in all over the world, entrepreneurs are regarded as value adding people to the society. Holt (1992) says, “The term entrepreneur may be properly applied to those who incubate new ideas, start enterprises based on those ideas, and provide added value...
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...1) What is entrepreneurship? What are essential traits required to be an entrepreneur? What traits do you have or you don’t have to be an entrepreneuer? An entrepreneur is someone who organizes, manages, and assumes the risks of a business or enterprise. An entrepreneur is an agent of change. Entrepreneurship is the process of discovering new ways of combining resources. When the market value generated by this new combination of resources is greater than the market value these resources can generate elsewhere individually or in some other combination, the entrepreneur makes a profit. Successful businesspeople have many traits in common with one another. They are confident and optimistic. They are disciplined selfstarters. They are open to any new ideas which cross their path. Here are ten traits of the successful entrepreneur. 1. Disciplined These individuals are focused on making their businesses work, and eliminate any hindrances or distractions to their goals. Successful entrepreneurs are disciplined enough to take steps every day toward the achievement of their objectives. 2. Confidence The entrepreneur does not ask questions about whether they can succeed or whether they are worthy of success. They are confident with the knowledge that they will make their businesses succeed. They exude that confidence in everything they do. 3. Open Minded Entrepreneurs realize that every event and situation is a business opportunity. Ideas are constantly being generated about workflows...
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...Home Get Started Promotion Sales & Service Operations Finance Franchising Technology March 23, 2015 Resources for Entrepreneurs > Good Business Ideas > I Want to Start a Small Business Gaebler.com is a daily online magazine covering small business news. We help entrepreneurs transform ideas and innovations into greatness. Ask me a question Visit us on View our news feed Follow Ken Stop by for a bit Get our newsletter Resources for Entrepreneurs Good Business Ideas Opening a Vietnamese Restaurant Starting a Vietnamese restaurant is a rewarding experience if you have the creativity and tenacity necessary to be a successful entrepreneur. We offer nuts-and-bolts information on successfully operating a small business. Wondering how to start a Vietnamese restaurant? We take you step-by-step from start to success. How to Start a Vietnamese Restaurant Are you friend or pho? Sorry for the bad Vietnamese food pun! But, seriously, we are here to help you learn about opening a Vietnamese restaurant. What questions do you have? Consumer Expectations for Vietnamese Cuisine Vietnamese is one of a handful of ethnic cuisines that have gained traction in the U.S. restaurant industry. But like any other restaurant cuisine, consumers have certain expectations about the Vietnamese restaurants they patronize -- and those expectations may not always line up with typical cuisine in Vietnam. For startup...
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...About Venture Capital (VC) | Starting and growing a business always require capital. There are a number of alternative methods to fund growth. These include the owner or proprietor’s own capital, arranging debt finance, or seeking an equity partner, as is the case with private equity and venture capital. Private equity is a broad term that refers to any type of non-public ownership equity securities that are not listed on a public exchange. Private equity encompasses both early stage (venture capital) and later stage (buy-out, expansion) investing. In the broadest sense, it can also include mezzanine, fund of funds and secondary investing. Venture capital is a means of equity financing for rapidly-growing private companies. Finance may be required for the start-up, development/expansion or purchase of a company. Venture Capital firms invest funds on a professional basis, often focusing on a limited sector of specialization (eg. IT, infrastructure, health/life sciences, clean technology, etc.). The goal of venture capital is to build companies so that the shares become liquid (through IPO or acquisition) and provide a rate of return to the investors (in the form of cash or shares) that is consistent with the level of risk taken. With venture capital financing, the venture capitalist acquires an agreed proportion of the equity of the company in return for the funding. Equity finance offers the significant advantage of having no interest charges. It is "patient" capital...
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...CHAPTER ONE INTRODUCTION CHAPTER FOUR GENERATION OF SOME GOOD BUSINESS IDEAS AND IDENTIFICATION OF THE MOST USABLE OF THE IDEAS 4.1 LIST OF BUSINESSES, WHY THEY THRIVE, THEIR LAPSES AND WHAT I THINK CAN BE DONE. s/n | list of businesses | what makes the businesses thrive | List five (5) identified lapses | WHAT DO YOU THINK CAN BE DONE | 1. | Crude Tank Cleaning & Maintenance Services | * It renders the business of supplying advanced cleaning services as well as cleaning equipment and systems to all industries where cleaning tanks are a requirement. It doesn’t just supply cleaning nozzles, but offers state of the art engineering services and support that is needed for cleaning applications. | * Expensive nature of cleaning per cubic meter. * Harmful environmental impact. * Released wastes are harmful to the environment. * Immovable nature of cleaning equipments(they cannot be removed from site even after applications * Stressed working conditions (at most 2 operators in 7hr-shifts). | * a reduced cost of cleaning per-cubic meter. * minimized preparation and construction costs * On-site utilities & equipments will not be required. * improved working conditions with increased number of operators per shift * production of sellable by-products * reduction of environmental impact | 2. | Software Engineering And Maintenance | * With the offshoot of the information age, and the lack of widespread competitive...
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...MAJOR PARTS IN A BUSINESS PLAN What is a Business Plan? The Business Plan is perhaps the most important document an entrepreneur can create. The business plan helps guide the direction of the start-up company's first several years, as well as giving potential investors an idea of the company structure, goals and future plans. What are the parts of a Business Plan? The following information is taken from the "Business Plan Development Guide", written by Alex F. DeNoble and Audrey B. Voyles. Section 1 - The Executive Summary The purpose of the executive summary is to capture the interest of the investors/lenders so they will want to find out more about the venture. These investors are likely to spend no more than 3 to 5 minutes before making a preliminary decision about your proposal. Therefore, this section is first, and in some ways is most important. This section should emphasize key issues and be no longer than 2 to 3 pages. The following information should be addressed in the executive summary: * Company profile * Nature of the product/service being offered * Size and growth trend of the market * Make-up and background of the management team * Financing requirements * Key projections (sales, gross profits, net income) * Proposed use of funds * Proposed exit strategy including projected ROI The executive summary is written last, after the rest of the plan is completed. Section 2 - Business Description This section of the business...
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...Thema: „Implementation of a MEL-structured organization in an entrepreneur-leaded company with the aspect of Greiners model of organization growth" Prüfer: Prof. Dr. Heidi Hohensohn Table of content Declaration of honour ....................................................................................... II Table of content................................................................................................ III List of abbreviations ........................................................................................ IV 1. Introduction ................................................................................................... 1 1.1 Purpose of the study ........................................................................................... 1 1.2 Methodology ........................................................................................................ 2 2. Basic information .......................................................................................... 2 2.1 Definitions ........................................................................................................... 2 2.1.1 Managers ....................................................................................................... 2 2.1.2 Entrepreneurs ................................................................................................. 3 2.1.3 Leaders ............................................................................................
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...INTRODUCTION E-commerce also is a short from electronic commerce. It is a process of communication transaction between the buyer and seller. It can be known as a type of business which process with electronically. Normally, most of the people will refer e-commerce as via from internet to selling product, but it also can be covers purchasing mechanisms via internet which is business to business and business to consumers. Electronic commerce is related to business transaction of goods and services conducted between 2 or more parties electronically mainly through open internet based system, for instant the parties can exchange information through internet rather than physical exchange. This type of communication through e-commerce can be known as email, internet, intranet, extranet and so on. In practice, this term and a newer term, e-business, are often used interchangeably. For online retail selling, the term e-tailing is sometimes used. For example, bought or sold anything on e-bay, purchased a book on Amazon, or made any other transaction online you have participated in e commerce. Electronic commerce that takes place between businesses is referred to as business-to-business or B2B. B2B can be open to all interested parties or limited to specific, pre-qualified participants such as private electronic market. Electronic commerce that takes place between businesses and consumers, on the other hand, is referred to as business-to-consumer or B2C. This is the type of electronic...
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...What is entrepreneur? Is someone who starts a business or organization. Also who manage their business. But who organizes the stuff of organization. And assume the responsibility of the enterprise. A loanword (entrepreneur) it is defined as an individual who organizes or operates a business or businesses. How to become an entrepreneurship? You can become an entrepreneur by having an idea what you want in the business industries and the category you want to be in it. But you need to know what you really want and of course, what kind of business you actually want. But you will face many obstacles, challenges and difficulties in business operation as an entrepreneur. “By the time they reach their retirement years, half of all working men in the United States probably have a period of self-employment of one or more years; one in four may have engaged in self-employment for six or more years. Participating in a new business creation is a common activity among U.S. workers over the course of their careers." Said Paul Reinolds, is an entrepreneurship. Therefore, entrepreneurship it is defined who pursuits the opportunity without concern to the resource at this time controlled. The entrepreneurial activities vary considerably depending of the type of organization and creativities involved in the organization. Therefore, to be successful, a good entrepreneur will need have some extraordinary abilities or be very smart. Also Entrepreneurs are very important to the society because...
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...take the necessary risks to set up and operate a business” who are known as entrepreneurs. (Kurtz, 2010 p.182). In this assignment, we will analyze the different leadership styles of the well know entrepreneurs, Thomas Edison who was an American scientist, inventor, and entrepreneur, and Anita Roddick who is the founder of The Body Shop and encourages social responsibility in a number of facets. In addition, we are going to discuss the major business principles these entrepreneurs used to achieve their goals. Presently, entrepreneurship has become increasing encouraged because of the chance of job security and financially stability; enhance their quality of life, Entrepreneurship starts with a vision to change society, a culture, the world, or just a single person’s life, with a product or service and Anita Roddick had a vision to make a profitable business. Entrepreneurism is a curious thing. When one man has a dream, he goes out and converts that dream into a reality. For centuries, this has been the American way. There are several questions an entrepreneur has to ask himself, though; first, will I be making profit? No one wants to go into business to waste his time or money. Second, an entrepreneur must ask himself if he is being socially responsible. A business, whether large or small, have repercussions in society, and many don’t stop to consider these possible ramifications. Every entrepreneur possesses certain traits, such as ambition. Why? Because every new business...
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...Graphics production (b) The type of business e.g. sole, proprietorship etc. (c) What is the proposed business engaging in? e.g. production of local fruit juices (d) The major aims or aims of your business e.g. To make 100% profit by ensuring customer’s satisfaction. (e) If possible you can give example(s) of the goods and/ services you will be producing. 2. Justification of location– in this part you are required to : (a) State the location of your intended business, e.g. 152 John Street (b) Secondly, you will have to list and explain the factors which influence your choice of location. (Check your textbook) e.g. Closeness to raw materials. 3. Selection of appropriate labour– as we already know labour is an important of production and if you don’t select the most appropriate type of labour then inefficiency would take occur and productivity will decline. You are required to” (a) List the type of labour you will enjoy employ. e.g. cleaner (b) Then classify them under the three main categories of labour namely: – Skilled – Unskilled – Semi-skilled 4. Sources of fixed and working capital– Capital refers to money and all other assets of a person, company or industry that can be converted into money. PHYSICAL CAPITAL consists of fixed capital and working or circulating capital. FIXED capital refers to capital that is of a lasting nature and which does not change its form during the course of...
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...19/01/2015 40 Young People Who Became Millionaires Before They Were 20 | Inc.com PEOPLE 40 Young People Who Became Millionaires Before They Were 20 It is often awe-inspiring to think about how early some of the world's most famous entrepreneurs got their start. Many of them simply had a fantastic idea and then just worked their butts off to make it reality. BY JOHN BOITNOTT @jboitnott IMAGE: Getty Images We all know that some entrepreneurs get rich quick, but still others do it even while they're young. Quite a few of them are making their first million before they're even of legal drinking age. http://www.inc.com/johnboitnott/40youngpeoplewhobecamemillionairesbeforetheywere20.html 1/6 19/01/2015 40 Young People Who Became Millionaires Before They Were 20 | Inc.com While most teens spend their youth honing work skills in entry-level jobs, whether that's slinging fast food or working retail, others get that spark to succeed at an early age. There's no shortage of useful advice out there to help even the very young make strong business decisions. There is also no minimum age to become a millionaire, as these "kids" know firsthand. From playing the stock market to starting up their own companies, check out these 40 teens who made millions before turning 20. 1. Ashley Qualls: The founder of WhateverLife.com got her ingenious idea back in 2004 when she was just 14. Meant to showcase her design skills, the site really took off when Qualls started...
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...Question 1 1.1 Manipulating existing products – By manipulating an existing product an entrepreneur can improve the product. By improving the product an entrepreneur can state that it is a new product. By improving (manipulating) the product, it is much easier and less costly for the entrepreneur. 1.2 Attribute analysis – This is an analysis of the product or service. The features and/or attributes will be listed for analysis. Once they have it listed the entrepreneur can search for ways to improve the product or service. 1.3 Existing product – 1.4 Brainstorming – This method is used to generate new ideas on how to make a new product or improving an existing product. An entrepreneur must list all ideas he/she can think of until there are no new ideas to be added. Once the ideas have been listed he/she can evaluate the list and chose the most feasible ones. 1.5 Metaphorical analogy – This is a method an entrepreneur can use to solve a specific problem he/she can encounter. This method uses solutions for a specific problem in different context. Question 2 2.1 Direct Taxation Indirect Taxation Personal taxation – such as individuals, companies, partnerships and close corporations. Value-added tax (VAT) – such as customs and excise duties. Direct taxation is deducted from an individual’s pay. The higher the individual’s income, the higher percentage of tax is paid. Indirect taxation is added to goods such as clothing, food, etc. and services such as telephone...
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