Entrepreneur

person becomes an entrepreneur, they can face some problems in their daily functions of planning, organizing, leading, and controlling…

multiple phases, divulges specific character traits found in entrepreneurs. Some of these traits include risk-taking, analysis, quick decision-making, exploitative, and opportunity-seeking, all of which should be done effective for the enterprise to thrive. The authors further note that successful entrepreneurship is a dynamic process and entrepreneurs have dynamic situations or traits that set them apart from others. For instance, entrepreneurs are innovative, that is, they have the capacity…

The Merriam-Webster Dictionary delineates an entrepreneur as, “a person who starts a business and is willing to risk loss in order to make money.” Self-confidence is a characteristic conversed in numerous articles about entrepreneurship, such as “The Sure Thing,” by Malcolm Gladwell and “Epic Fails of the Startup World,” by James Suroweicki. To put it another way, without self-confidence, a person would not be comprehended as more of an occupational proprietor than an mogul, as they would not be…

The Investopedia defines the entrepreneur as a person who starts his own business by taking lot of risks. (Entrepreneur, 2014). Most of the popular & large organisations around the world have been started by entrepreneurs. The contribution of entrepreneurs to a country’s economy and to the business environment holds a major share. Once an American politician Mike Pence stated that “The American economy has been built and sustained by risk-taking entrepreneurs whose pioneering ideas and hard work…

When I hear the word Entrepreneur, I visualize a self-made, self-starter business owner that likes to get involved in different kinds of business ventures and can be very successful. I think of this person as having a lot of gusto and smarts. As our lecture states, “Entrepreneurs perceive an opportunity and create an organization to pursue it.” “Entrepreneurship is living a few years of your life like most people won’t, so you can live the rest of your life, like most people can’t.” I like…

compared to developed countries. Challenges for entrepreneurs are different given the strong institutional voids that developing countries have. A key player that interacts on a daily basis with any entrepreneur is the government. Given the fact that governments seek economic growth, the reduction of unemployment rates, and social welfare for the community (Riberiro-Soriano & Galindo-Martín, 2012), the relationship between, both the government and entrepreneurs, is in theory a win/win…

Introduction Partially, the work addresses a case study about Fadi Ghandour, the previous CEO of Aramex and a well known entrepreneur. The core and desirable attributes of a successful entrepreneur developed by Timmons are discussed with regard to Fadi. Additionally, a critical evaluation of any other critical factors in the launch and growth of Aramex are presented. Conclusions about successful launching and growing a new business with regard to Aramex are discussed together with how this…

THEME 1 HOW IMPORTANT IS ENTREPRENEURSHIP IN THE DEVELOPMENT AND GROWTH OF THE ECONOMY OF THE COUNTRY? An entrepreneur is someone who is creative and innovative and is able to identify a business opportunity or gap in the market. An entrepreneur is also willing to take a risk in starting up business and is therefore a risk taker. They have belief in themselves that the opportunity that they identified can become real through hard work and commitment. They are prepared to back their business with…

developing people, not players; they get satisfaction from achieving objectives through others. Leaders inspire people through a shared vision and create an environment where people feel valued and fulfilled. Good leadership is critical to a successful entrepreneur. Success comes from aiming high with the clear vision, ethos and communication that good leadership brings (Scotish, 2007). Also, Sadler (1997) concluded that leadership behaviors include: developing and articulating a vision;…

sizeable at least for some entrepreneurs” (Kolstad et. al 22). These findings are contrary of what was stated from Nichols, that entrepreneur success depended on mostly on personality traits, and found that education does play a role. Although this study found that education matters, the overall study did not contain Americans but Malawians, people native to an African country, and thus it cannot automatically be concluded that education is viable to Americans entrepreneurs because Malawi…