Small Business

Gerber argues that anyone can become an entrepreneur and create a successful company, a departure from the conventional wisdom on the question of whether entrepreneurs are born or made. Using a frame work he calls the "Dreaming Room," Gerber identifies four dimensions of the entrepreneurial personality and recommends a pathway to conceive of and develop a small business.with focused attention and the intention of actually achieving something and understanding the market, your core customers, securing capital, preparing financials—those kinds of elements? Every one of those

1. AFTER READING THE CASE STUDY IDENTIFY THE PROBLEMS ENTREPRENEURS FACE WHEN BUILDING AND RUNNING THEIR BUSINESSES? IS INNOVATION NECESSARY FOR PEOPLE WHO PLAN TO START THE BUSINESS?

Sub-point a: Mostly entrepreneur need great spirit to arrange their way to achieved global success. They start with the first step until the final succeed. Colonel Harland Sanders try to find partner in his business. He facing a thousand rejected until he the last person accept him. Same story with Steve Jobs that he got fired at first and he get the spirit to back in the business again.

Entrepreneurs are a very, or perhaps the most, important boost in our economy. They do not only take the risk for the sake of a business, but also they provide our economy with employment opportunities and culture. A society can only be prosperous only when it rewards and encourages entrepreneurial activity because in fact, it is the entrepreneurs and their activities that are the critical factor for success, prosperity, growth and opportunity in any given economy. Entrepreneurship is not easy and it comes with its own risks and up and downs. On the last decade, entrepreneurship has rose and expanded, with this change and constant expansion, it has changed the rules of entrepreneurship once again. But I certainly believe that

If you could start any business right now, knowing it was going to be successful before you even started, what business would you start? Stumped aren’t you. While the answer of this question may come easy to some, it does not for most others. This is a question that I used to form my own company. First, let me give you some crucial background on myself. I love business, and since I was in sixth grade, I knew that I would study business in some form or another. I sold candy in middle school and in my senior year in high school. This year, I have started a calculator renting business and a clothing brand called “Entr3pnr™” that encourages people to become and think like entrepreneurs. To me, the calculator renting business only serves as passive income for me; however, I have a vision for my clothing brand, “Entr3pnr.” Ideally, I want to grow it to be large enough so that it becomes a full time job, so I will never have to actually work for another person a day in my life. However, I am not writing this paper to discuss my businesses. I am writing this paper to illustrate the position I take on entrepreneurs and entrepreneurship. The position I am taking is that everyone should strive to be an entrepreneur at some point in his or her lives. Before I get into the arguments of my thesis, I must first define the word entrepreneur. According to Webster, an entrepreneur is a person who organizes and operates a business or businesses, taking on greater than normal financial risks in

We will briefly examine certain external factors that could contribute to / influence the behavioural characteristics of an enterprising individual, especially the cultural, political and economic conditions.

Entrepreneurship is a very common term now-a-days and it is the dream of most business graduates to start up their own firm. Many business schools are offering courses on entrepreneurship. They feed the motivation to start up one’s own business and many college graduates have done it very successfully. They choose to start up their own venture instead of working for other existing companies. There are many reasons not to start up a business and there are many reasons to fail. But the most common thing that drives the entrepreneurs is that they were all hungry for success.

My research spans over three main themes, gender, personality and, success and failure. Throughout my research I found these three themes to be quite common when looking at why entrepreneurs start their own business. I also honed into how these themes effect different people around the world and, how cultural and societal values alter the way individuals take out entrepreneurship activities.

1. After reading the case study identify the problems entrepreneurs face when building and running their businesses? Is innovation necessary for people who plan to start the business?

The practice of entrepreneurship has existed throughout history with the definition advancing through time and the global enterprise. During the life of Marco Polo, entrepreneurship was defined as the practice of being the “go-between” (Arthur & Hisrich, 2011, p. 2) in trade endeavors. Today, the definition includes: the development of ideas, comprehensive risk, commitment of time and resources, and vision with the overarching goal of holistic success and autonomy (Arthur & Hisrich, 2011). The entrepreneur exudes behaviors which foster initiative, orchestrate options, and accept responsibility for the success or failure (Arthur & Hisrich, 2011). Entrepreneurship has transformed the global marketplace and imprinted all

Legal implications or regulations that may impact the business such as GST, Resource consents, etc.

The main questions addressed in this paper are: entrepreneurs are born not made and how the small start-ups have changed the business industries. Many arguments were for and against that entrepreneurs are born with inherent highly developed business skills. Entrepreneurship is a comprehensive term that is an immensely arduous to delineate (Thurik and Carree, 2005). However, the research which was accomplished about entrepreneurs, I think that entrepreneurs are not born they are made on the stage of cultivating new business ideas into reality. Entrepreneur is not determined as the person who has made the entity stupendous, but the one who employs himself and launches the own company (Glackin & Mariotti, 2010). Therefore, there are no specific boundaries among various patterns of the societies. For instance, Starbucks is one of the substantial businesses between the organisations and the co-finder Zev Siegel has shared the story of this tremendous start-up in 20th century. “We wanted to make a change in our lives and do something that could have impact and be meaningful” – have mentioned CEO-director Zev Siegel in one of the 2016’s interview. Nowadays, Starbucks has more than 24,000 stores in seventy various countries and nevertheless expanding the coffee industry with incredible rapidity. In contemplation “Nature or Nurture: Decoding the Entrepreneur “, it indicates that there are several peculiarities in common among the entrepreneurs (Monte and London, 2011). Consequently,

With the growing importance of entrepreneurship within today’s business industry it is of upmost importance to understand the motivations and intentions of individuals wanting to pursue an entrepreneurial career as this now accounts for X of the population and X% of income. Its apparent from the literature that “significant differences exist in the levels of entrepreneurial activity across countries” (Pinillo & Reyes, 2011) and existing research addresses the question as to why some countries have more entrepreneurs than others, a main answer to this question has been the one regarding the economic climate of the particular country, however this focus solely on economic explanations majorly “underexposes the role of culture” (Brown & Ulijn, 2004). It would seem meaningless to ignore this factor as something that influences the level of entrepreneurship between different countries as “the rate or level of entrepreneurship at the societal level depends upon the opportunities provided by the environment and these aspects are influenced by … culture” (Brown & Ulijn, 2004). Whilst much of the literature has focused on economic reasons for differences in entrepreneurship activity, it is suggested by Pinillo & Reyes (2011) that “culture, more than economic variables” plays a key role in explaining these differences.

Q1. In addition to the normal obstacles of starting a business, what other barriers do young entrepreneurs face? Q2. What advantages do young entrepreneurs have when launching a business? Q3. What advice would you offer a fellow college student about to start a business? Q4. Work with a team of your classmates to develop ideas about what your college or university could do to create a culture of entrepreneurship on your campus or in your community.

This research seeks to establish the relationship between entrepreneurship and the economic development in Saudi Arabia. Entrepreneurship is the process of managing, organizing and developing a business venture in a competitive environment that is dynamic (Kuratko 2016 pp3). An entrepreneur is an inventor, leader, innovator, and pioneer and most significantly, a performer. The heart of a national advantage is often pegged on entrepreneurship. The operation of an enterprise is within the entrepreneurship ecosystems that include governmental services and programs that support startups and operational activities. Non-governmental organizations (NGOs) are also active in mentoring and advising entrepreneurs to ensure that their efforts and goals are achievable. Naude (2010, p.108) articulate that the G20 summit held in 2008 highlighted the importance of entrepreneurship in the world economic development.