Entrepreneurship Is More Than Creating A Business Essay

1069 Words Aug 23rd, 2014 5 Pages
Entrepreneurship is more than creating a business or new venture, it is the way to gather opportunities, take risks, make decisions, and decide what to do? How to do? How much should be produced? (Frederick, O’Connor, Kuratko 2013, p. 6). They emphasized, in the same book, that entrepreneurship is the sign of business coherence accomplishment, and the entrepreneurs are the forerunners of the business success. Also they mentioned that, the entrepreneurs seek for opportunities, their boost to create and innovate new ideas to the market.

Based on the above citations, there are several factors that lead to the success of the entrepreneurs:
① Have the courage and be ready to take the action
The actions are the things that will lead to the success of the entrepreneurs, and without them they cannot be a successful business owners.
② Knowledge
The entrepreneurs must have sufficient knowledge about business activities and the issues associated with the business they want to start. Also, the knowledge will raise the business efforts and will drive different business possibilities.
③ Entrepreneurship skills
Each venture will require specific entrepreneurial skills that, crucial for the business success. Furthermore, the knowledge and skills are complementary to each other.
④ Intelligence
The entrepreneurs must have sufficient intelligence to manage the business situation, problems phasing it & issues associated with it. As the intelligence brings uniqueness and distinction to…

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