Introduction Entrepreneurs play a key role in any economy. These are the people who have the skills and initiative necessary to take good new ideas to market and make the right decisions to make the idea profitable. The reward for the risks taken is the potential economic profits the entrepreneur could earn. There is a large literature devoted to the study of entrepreneurshipi n economics and related disciplines. The origin of the studies of entre-preneurship is the mature market economy. Jo-seph
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We always hear about a person who becomes an entrepreneur. Some entrepreneurs succeed and some of them do not. Who’s an entrepreneur? Why should anyone become an entrepreneur? Questions come to some people’s minds. Entrepreneur is "a person who starts or owns and operates an enterprise" (Moore‚ Petty‚ Palich‚ Longenecker‚ 2008). There are some motivators that make people willing to take this major step. Entrepreneurship gives people the chance to be their own bosses‚ make money‚ escape a bad situation
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General Character Traits of a Successful Entrepreneur *She takes moderate risks. Taking moderate risks is another characteristic of successful entrepreneurs. They don’t fear to take risks. FEAR to take risks discourages initiative‚ brings about uncertainty of purpose‚ destroys ambition‚ kills enthusiasm‚ destroys good reasoning and stops you from taking action. Besides‚ there is nothing you can engage yourself in without any risks involved. *She takes personal responsibility for her own actions
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Successful Entrepreneur There is a myth that entrepreneurial success is all about innovative thinking and breakthrough ideas. Here’s what success truly means. Philip and Karen Smith/Getty I’ve been an entrepreneur most of my adult life. Recently‚ on a long business flight‚ I beganthinking about what it takes to become successful as an entrepreneur--and how I would even define the meaning of success. The two ideas became more intertwined in my thinking: success as an entrepreneur‚ entrepreneurial
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the role of an entrepreneur in economy and society Introduction Entrepreneur is a hot topic for both academic scholars and people ambitious for business success. They are a group of persons who can significantly influence many aspects of economy and society. This paper will critically discuss the role of entrepreneurs by examining their contributions to the economy and society‚ using examples from various articles on the topic. Starting by defining the entrepreneurs to be discussed
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backbone of their economy. In the wake of rising importance of entrepreneurship‚ various disputes over it‚ have increased. One such dispute is weather the entrepreneurs are born or made. The primary objective of this work is to compare and contrast the two schools of thought and based on the research make a reasonable conclusion. Entrepreneurs: born or made? Firstly it is worth to identify what actually entrepreneurship is. Generally talking‚ there are many definitions of entrepreneurship. Many
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characteristics of an entrepreneur and what an entrepreneur is‚ the contributions of entrepreneurs and the advantages of entrepreneurship‚ and some businesses that were started by entrepreneurs. After I touch on those topics I am going to talk about the top 10 entrepreneurs of all time. Entrepreneurs have been around since the beginning of time. But the term was first introduced by a French economist by the name of Richard Cantillon in the 18th century. Cantillon defined the entrepreneur as the agent who
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his work titled; ‘Who is an Entrepreneur? Is the Wrong Question’ published in 1988 woefully addresses the dilemma that stands tall against the researchers undertaking studies to define Entrepreneurship in a simplistic manner. As highlighted in his work‚ he segregates the approaches to such studies in two classes namely the trait approach and the behavioral approach. Gartner sets out to debate the underlying assumption that a study of the characteristics of an entrepreneur will lead one to understand
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> • ‚ what are my goals} Do I have the right strategy^ Can I execute the strategy I The Questions Every Entrepreneur by Amar Bhide Of the hundreds of thousands of husiness ventures that entrepreneurs launch every year‚ many never get off the ground. Others fizzle after spectacular rocket starts. A six-year-old condiment company has attracted loyal custoiners but has achieved less than $500‚000 in sales. The company ’s gross margitis can ’t cover its overhead or provide adequate incomes
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Introduction to Enterprise and Entrepreneurship Title: Entrepreneurship and the Entrepreneur/IntrapreTutorial Day: Monday Executive Summary Contents Introduction The aim and objective of this report is to get the reader engaged with meaning of entrepreneurship‚ entrepreneur and Intraprenuer. Also to give examples of a successful entrepreneur and Intraprenuer so the person who reads this will understand in depth what position they hold and what they do in their respective firms. It
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