Entrepreneurship is unique business venture that is innovative. In most cases, the person or party behind the business venture works to present something new to a prospective market. This includes a significant amount of planning and understanding the needs of your potential market. This is considered a competitive option that requires research, good resources, and detailed innovation if you expect to be successful. In short, it is like going into business for yourself but you take on risks in hopes of reaping the rewards you hope to achieve.
In today’s society being an entrepreneur can take you to the next level within an industry. It is about taking an initiative to present something new or make an improvement on something already in existence. You need to be a leader willing to take risks in order to see ideas and concepts materialize. Some say you need to have a certain mindset when it comes to being a successful entrepreneur. Others see it as a different form of self-employment that drives you to work harder since you will rely on personal skills, knowledge, and resources utilized. There is a level of uncertainty when defining an entrepreneur. This may be due to different business elements this concept is connected to.
Entrepreneurship is known to be a driving force behind economic growth in recent years. Some of the world’s most popular products and everyday items were created by an entrepreneur. They started off as simple ideas that needed a well-organized plan and funding to see it off toward success. There are wealthy business owners that started off with an idea and little or no money. It is a matter of studying your competition and willing to make mistakes in order to make your concept even better. Organization, planning, and use of unique resources in one’s reach can make a difference in getting one idea off the ground.
Someone who is self-employed or a new business owner can be labeled as an entrepreneur. Depending on the creativity and originality behind their concept the type of activities that define their entrepreneurship will vary. Negotiating with investors, visualizing your concept, and even convincing others to see your idea as something realistic are all important aspects necessary to be successful. To many entrepreneurs this is more than just running and growing a business. It becomes their livelihood that includes marketing, franchising, and even helping others recognize their true potential.
A Career as an Entrepreneur Essay example
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Business has been a large part of my family, and has started to grow on me. My dad worked in sales for many years, and is now the President of a company in Staples. My mom started her own cleaning business, and now works for herself, as well as my uncle owns a golf course, and a pump and well business. My other uncle has his own handy man business, while one of my aunts operates a redimix and construction company . So I guess it could be said, business is kind of in by blood.
What I know When it comes to business, especially when it comes to starting one, I tend to think I know it all. Yet in reality, I don't really even know how to get started, enough to make a business efficient, or even get the doors open enough to make the first…show more content…
There are so many questions when I think about this topic really, just to put it in layman's terms, I want to know where to start, and how to keep building a business empire, while keeping it all legal and profitable, and not risking my entire future on a thought I think may work.
What I found out Currently, the number one, most popular major is Business Administration and Management, (princetonreview.com) so my choice of getting into business is one that is also popular among others, but not all use it for staring their own business. It is that starting a business, I wanted to know the most about, and there is a lot out there when it comes to information. As written by sba.gov "Starting a business involves planning, making key financial decisions and completing a series of legal activities." (sba.gov) This planning is really reliant on a ten step process of going through all this planning (sba.gov), as well as other important key areas that I didn't even realize made a difference. The ten step process begins with one of the most important steps, and that is creating a business plan. I never really thought about this, until seeing it, and realized in business, along with anything, a plan is the most important part. The business plan helps the owner with forming an executive summary, which will act as a snapshot of what the entire business plan will focus on, along with helping lay out the business. Another key area that is elaborated on in