Entrepreneur: Entrepreneurship and New Business Venture Essay

Submitted By torris1981
Words: 669
Pages: 3
Open Document
Torris Miller
BUS 604
Personal Assessment
Instructor: Dr. Kunsoo Choi
February 24, 2013

Becoming an entrepreneur is definitely a goal of mine. I would like to develop a business in the future that will allow me to become successful and earn a lucrative income. Entrepreneurs enjoy an increased level of flexibility and independence and can choose tasks that are both rewarding and profitable. It is critical for entrepreneurs to select a new business venture that interest them. Also, gaining an in-depth knowledge of subject matter pertaining to business is extremely critical. Entrepreneurs must do their homework before starting a new business venture. Entrepreneurs can also help others individuals become successful and achieve goals. The ability to motivate and empower others is a vital characteristic that entrepreneurs must possess. I certainly would love to become an entrepreneur, hopefully in the near future. I am not exactly sure what new business venture I would like to start, but I am certain that becoming an entrepreneur is my number one professional goal. Being an effective leader is extremely important for an entrepreneur. Entrepreneurs. must have the ability to lead individuals and get the best out of them. Entrepreneurs must also be effective communicators. The must be able to individuals to work together to achieve specific tasks. Entrepreneurs must create a vision and must share that vision with the employees. Entrepreneurs must also be able to select and recruit individuals that are competent and knowledge about their tasks. Entrepreneurs must develop strategies and techniques that will help them achieve their goal. Entrepreneurs must also be able to motivate others. Leading by example and demonstrating integrity is an important leadership trait. Entrepreneurs should set the standard for others to follow. I honestly believe that I have what it takes to become a successful entrepreneur. I am definitely a leader and I believe that I have the ability to become a sole proprietor. I have excellent people skills and work extremely well with others. My prior sales experience provides me with the ability to persuade others and how to efficiently meet expectations. My sales experience also provides the ability to generate sales. Also, customer service is critical, customers are how businesses earn profits. It is extremely important for entrepreneurs to understand customer demands and develop a product that is in demand. Entrepreneurs must develop the right product or service and provide them to the right people. I believe that my entrepreneurial aspirations are certainly feasible. I am extremely confident and assertive. I honestly believe that I can accomplish
Show More

Related Documents: Entrepreneur: Entrepreneurship and New Business Venture Essay

Essay about Study Guide

1. Entrepreneur- one who undertakes to organize, manages, and assumes the risks of a business. ENTREPRENEURSHIP- a dynamic process of vision, change, and creation that requires an application of energy and passion towards the creation and implementation of new ideas and creative solutions. ENTREPRENEURIAL MANAGEMENT- the techniques and principles of this emerging discipline will drive the entrepreneurial economy in the twenty-first century. MYTHS OF ENTREPRENEURSHIP: 1. Entrepreneurs Are…

Words 1460 - Pages 6

Essay on Method: Business and Entrepreneurs

Outline Entrepreneurs * North American Free Trade Agreement (NAFTA) is an agreement that came into effect in January 1994 between the US, Canada, and Mexico to remove barriers to trade between the three countries over a ten-year period. * Entrepreneur is a risk take in the private enterprise system a person who seeks a profitable opportunity and takes the necessary risks to set up and operate a business. * Entrepreneurs differ from many small-business owners. What makes entrepreneurs different…

Words 1023 - Pages 5

Entrepreneurship And Small Business Development

BUS 6011 – Entrepreneurship and Small Business Development (UG Level 6) Assessment Criteria Student ID: Marking Tutor: 1st (70+) 2:1 (60-69) 2:2 (50-59) 3rd (40-49) Fail (less than 40) Marks (%) A) Introduction (15%) (approximate 300 words) B) Describe the project clearly, e.g., its theoretical conceptual background, its importance/significance and (if any) its limitations. Moreover, a brief introduction of the business entrepreneur selected and an identification…

Words 1813 - Pages 8

What Is Entrepreneurship?

Entrepreneurship Entrepreneurship is one of the many passions that I have and would love to be part of in the future. I would like to venture in the business world through developing small enterprises. I have a passion for the business industry, innovation as well as creativity are my drive, I enjoy being creative. This interests me as I would love to become my own boss, being innovative as well as being in control of what I do. Entrepreneurship means someone that is willing to exercise initiative…

Words 1808 - Pages 8

The Benefits Of Entrepreneurship

Entrepreneurship is a term in business when a new business is started or designed. The new business startup offers a range of products or service. An entreprenuer if one that grabs the oppurtunity and starts a new business line. An entreprenuer if one who develps the business service line and develps into finances, and one who provides job oppurtunities to many. The rntreprenuiers often preceives as a good business manship by acquires the resources and manpower. The entrepreneur is one that is…

Words 756 - Pages 4

Essay about Entrepreneurship and William d. Bygrave

THE ENTREPRENEURSHIP PROCESS Chapter 2 Entrepreneurship, Canadian Edition by William D. Bygrave, Andrew Zacharakis & Sean Wise, Fall 2014, ©2014, Toronto, Wiley 1 Today’s Focus • Critical Factors for Starting a New Enterprise • Learning Objective 2.1 Identify the critical factors for starting a new venture. • Evaluating Opportunities for New Businesses • Learning Objective 2.2 Evaluate the opportunity for a new business. • Determining Resource Needs and Acquiring Resources • Learning Objective…

Words 1509 - Pages 7

Non-profit Organization and Social Entrepreneurship Essay

“Social entrepreneurship and complexity models” from chapter four of the book “Complexity Science & Social entrepreneurship”. This paper talks about the relationship between social entrepreneurship and complexity models. Entrepreneurship has the power to transform society to a much greater degree than is commonly believed. In addition, leaders and managers play different roles in organizations. From my point of view, I totally agree with all points in the paper. Social Entrepreneurship is a complex…

Words 1436 - Pages 6

Enterprenuer Notes Essay

Entrepreneurship: Successfully Launching New Ventures, 4e (Barringer/Ireland) Chapter 1 Introduction to Entrepreneurship 1) GiftZip, the company profiled in the opening feature for Chapter 1, makes money via: A) payments from companies that offer gift cards for displaying their cards on the site B) the direct sale of gift cards displayed on its site C) monthly subscription fees D) online advertising E) earning an affiliate fee for gift card purchases that originate from its site Answer:…

Words 6135 - Pages 25

Entrepreneurial Process Essay

Entrepreneurial Process Ivy Harmon UOP Entrepreneurship in Healthcare HCS 567 K. Imlay May 13, 2012 Entrepreneurial Process Successful entrepreneurs tend to follow a multi-step process on four main elements to achieve their goals. These processes include identifying an opportunity, developing a business plan, determining the resources needed, and finally managing the newly developed enterprise (Hirsh, Peters, & Sheppard, 2005). A clear understanding of the entrepreneurial process is an…

Words 1024 - Pages 5

Essay about Entrepreneurs Are Born and Made

Introduction "Entrepreneurs are born not made" There are two sides to every debate, and the "what makes an entrepreneur" argument has raged for decades with neither side able to conclusively prove their case. There are many who believe that an entrepreneur must possess personality traits such as vision, passion and drive that are innate and cannot be taught. Others argue that the skills of evaluating opportunities, motivating people and operating a business are easily passed on to eager students…

Words 2143 - Pages 9