Enterprenureship
Entrepreneurship
Table of Contents
Introduction………………………………………………………………………………3
Key traits of entrepreneurs…………………………………...........................................4 Characteristics and attributes of entrepreneurs …………………………………….......5 Motivation of entrepreneurs ……………………………………………………………7
How to gain entrepreneurial resilience…………………………………………………...8
Conclusion..………………………………………………………………………………9
References.……………………………………………………………………………....10
INTRODUCTION
The term entrepreneur is comes from the French word called entrepreneur. The meaning of this word is undertaken. Entrepreneurs are doing so many things like identifying and seizing opportunities, transform those opportunities into practical/marketable ideas, value addition through time, effort, money or skills, predicting the risks of the competitive marketplace to work out these ideas, and understand the outcomes from these efforts (Mariotti and Glackin, 2012).
According to Wickham (2006: p234), today the entire world is in the middle of a new era of business and economic development, and entrepreneurship is the key element. Yet the economic and social activity of entrepreneurial forces prevailed long before the 1980s.
Entrepreneurship is very unique processes that escort substantial wealth. This wealth is generated by personals who take risks in terms of money, skills, time or career efforts of providing value addition for some service or product. By offering or allocating the necessary resources and skills value must be increased by the entrepreneur if the service or product may or may not be new or unique (Rae, 2007).
As described by Burns (2006), in the world of business the entrepreneur is the successful inducer for change, and is the very reliable thinker who loves to be different in a background of common
Table of Contents
Introduction………………………………………………………………………………3
Key traits of entrepreneurs…………………………………...........................................4 Characteristics and attributes of entrepreneurs …………………………………….......5 Motivation of entrepreneurs ……………………………………………………………7
How to gain entrepreneurial resilience…………………………………………………...8
Conclusion..………………………………………………………………………………9
References.……………………………………………………………………………....10
INTRODUCTION
The term entrepreneur is comes from the French word called entrepreneur. The meaning of this word is undertaken. Entrepreneurs are doing so many things like identifying and seizing opportunities, transform those opportunities into practical/marketable ideas, value addition through time, effort, money or skills, predicting the risks of the competitive marketplace to work out these ideas, and understand the outcomes from these efforts (Mariotti and Glackin, 2012).
According to Wickham (2006: p234), today the entire world is in the middle of a new era of business and economic development, and entrepreneurship is the key element. Yet the economic and social activity of entrepreneurial forces prevailed long before the 1980s.
Entrepreneurship is very unique processes that escort substantial wealth. This wealth is generated by personals who take risks in terms of money, skills, time or career efforts of providing value addition for some service or product. By offering or allocating the necessary resources and skills value must be increased by the entrepreneur if the service or product may or may not be new or unique (Rae, 2007).
As described by Burns (2006), in the world of business the entrepreneur is the successful inducer for change, and is the very reliable thinker who loves to be different in a background of common
References: But the problem is taking risks blindly escorts huge problems but the Successful entrepreneurs have skills to keep the balance between risk and reward and by proper using of this skill, they will make their decisions wisely (Blackwell, 2011: p189-191). As said by Bolton & Thompson (2013), successful entrepreneurs strongly believe that nothing can stop them. They are really “stubborn” in a positive manner. They think they can up climb up each and every obstacle with their strategic actions.