Submitted by: Praise R. Capili CHAPTER 1 The Problem and It’s Background Introduction The purpose of the research is to determine whether or not establishing a mini snack bar with a limited capital in a residential area is feasible. The snack bar will be offering an array of common snack items such as hamburger‚ hotdog sandwich‚ french fries‚ fish balls and shake. Background of the Study Snack bars are commonly seen in almost every place you go. It is because
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whether entrepreneurs are born or made. The Business Dictionary (2014) defines an entrepreneur as “Someone who exercises initiative by organizing a venture to take benefit of an opportunity and‚ as the decision maker‚ decides what‚ how‚ and how much of a good or service will be produced.” There is a debate as to whether or not there is such a thing as an ‘entrepreneur gene’ or are entrepreneurs taught and made through experience. Richard Baister (2007) states that “being an entrepreneur is not
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It is not mandatory to be a "born entrepreneur" in order to succeed in business world (Klein‚ K). But‚ written by (Mathews‚ R et al) in the Academy of Entrepreneurs‚ it states that according to a study by Northeastern University’s School of Technological Entrepreneurship in 2006‚ it showed that “entrepreneurs are born‚ not made” (Taylor 2006). Thus it will be argued that entrepreneurs are neither born nor made‚ and rather that they can learn to have an entrepreneurial mind but‚ that it does help
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Number 3 (2013) pp. 71-78 www.ijcrar.com Challenges faced by new entrepreneurs R.S.Kanchana*‚ J.V.Divya and A.Ansalna Beegom Kanchana.R.S‚ Kanchana Bhavan‚ Mithirmala.P.O‚ (695610) Mithirmala‚ Trivandrum Kerala‚ India *Corresponding author KEYWORDS Entrepreneur; Challenges; motivation; skill; adventurism. A B S T R A C T An entrepreneur is one who plays significant role in the economic development of a country. Basically an entrepreneur can be regarded as a person who has the initiative‚ skill and
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Are entrepreneurs born or made? Critically discuss. Introduction An entrepreneur is a person who sets up a business by taking on financial risks in hope to make a profit. The word entrepreneur stems from the French word entreprendré which means ’to undertake ’. A couple of examples are Lord Alan Sugar and Bill Gates. Lord Sugar is an entrepreneur worth £800 million. He started by selling car aerials out of a van‚ he then set up his company‚ Amstrad which sold affordable hi-fi turntable covers
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Question: Explain the triggers and barriers faced by entrepreneurs. Answers: Entrepreneurs are people who are willing to take the risk of business ownership. To start up a new business an entrepreneur must have the trigger and must face the barriers. This is the list of triggers that force an entrepreneur to start up a new business. 1. Material Rewards Many entrepreneurs launch their own business venture because they want to be rewarded according to their
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Problems Entrepreneurs Face June 2003 By Gwen Richtermeyer‚ Ph.D. Director BRIDG Problems Entrepreneurs Face Problems Entrepreneurs Face June 2003 by Gwen Richtermeyer‚ Ph.D. Director BRIDG Table of Contents Introduction ..................................................................... 1 Problems in the Beginning .......................................... 1 Finance ...................................................................... 1 Management ....................
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we are presented with five individuals who all made their fortune in real estate in Memphis‚ TN – each with different personality traits and by following different career/education paths. Abe‚ as described‚ most strongly matches the passionate entrepreneur type. He is known as the “do it right” guy and has consistently been fair and conscientious in his business practice. It’s also possible that some of his success is rooted in his race. Being the only African-American in the example‚ it’s possible
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ENTREPRENEURS‚ ARE THEY BORN OR MADE? I. Introduction Entrepreneurship is difficult to define. Scholars and experts have tried to formulate a definition that embodies the very essence of entrepreneurship in order to capture this abstract idea. Though the idea has been identified and indicated by a diverse set of interpretations‚ no single idea of entrepreneurship has been unanimously accepted and embraced by all economists or applicable in all circumstances. There are so many interpretations now
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Examples For our illustration purpose consider investing € 1000 for 1 year. We’ll consider two investment cases viz: Case I: Domestic Investment In the U.S.A.‚ consider the spot exchange rate of $1.2245/€ 1. So we can exchange our € 1000 @ $1.2245 = $1224.50 Now we can invest $1224.50 @ 3.0% for 1 year which yields $1261.79 at the end of the year. Case II: Foreign Investment Likewise we can invest € 1000 in a foreign European market‚ say at the rate of 5.0% for 1 year. But we buy forward
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