Why Entrepreneurs Start Their Own Business - 1676 Words

Introduction The way in which individuals trade has changed; this change stems from the awareness of the way in which the modern man functions in this constantly developing society. The term ‘entrepreneur’ is becoming increasingly common amongst individuals in society. Living in a constantly developing world, with rapid technological, environmental and social changes that effect the way we live means the modern man is constantly seeking new and innovative ways to adapt to these changes. During this research paper I will discuss my findings of what the motivations are of an entrepreneur to start a business. Having interviewed an entrepreneur, I got a sense of how an entrepreneur works, their ambitions and ideas of starting a business. 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. 1.1 Gender There is a sparse amount of women entrepreneurs and numerous fields women are hesitant to get involved in. There is a large gender divide in certain industries, one of the biggest ones being in the technology industry. While the technology industry is not short of entrepreneurs, women entrepreneurs are said to be scarce in such fields.Show MoreRelated21200 Words   |  5 Pagesand businesses that have been in existence for less than three and one-half years. While the high rates of entrepreneurial start-up activities occur in low-income countries, where good jobs are not plentiful such as brazil, china, Argentina. Low rates occur in high-income countries, such as Germany, French, USA.   also identifies whether its respondents are starting a new business to take advantage of an attractive opportunity or because of necessity to earn an income. High-income countries——attractiveRead MoreWhat Did You Learn From This Video? Elaborate?942 Words   |  4 Pagesthe e-myth is. The E-myth is short for The Entrepreneurial Myth. This myth states that all people who open a small business are entrepreneurs. Also it states that people have a false ideology that just because the know how to perform the skill that they can run the business effectively. Michael Gerber states that these people know how to work on their business but not in their business†. Another thing that I made note of is the 7 disciplines of entrepreneurship. These disciplines are: 1) EnterpriseRead MoreThe Entrepreneurial Sequence Essay1082 Words   |  5 Pagesreinventing the way business is done. Each new company provides a different perspective as to how business should be handled. They also provide a very large portion of the new products that change the way we live our day-to-day lives. However, due to the risks involved in starting a new company it takes a certain entrepreneurial spirit to successfully launch a new business. This paper will step through the entrepreneurial process by examining two separate entrepreneurs and their reason forRead MoreDesigning A One Stop Shop For Aspiring Entrepreneurs918 Words   |  4 Pagesapplication for it. A virtual entrepreneur mobile application is a great application to bring into the mobile market. The idea behind the application is to create a one-stop shop for aspiring entrepreneurs who need assistance into building their business form the ground up. This application main task is to assist users in the steps of getting their business off the ground giving them access to tips, tools, and resources that will allow them to successfully start a business. The application will be calledRead MoreCustomer Segment : Funder ( Impact Investor1588 Words   |  7 PagesCustomer segment: Funder (impact investor philantrophist) Impact investors want to grow their money while they can still give impacts to the world via social companies. The reason about why impact investors do not invest in the normal profitable companies instead of social companies is because impact investors also aim for impacts to the world that they can give. It should be a good thing for the investor to be able to get a lot of profits, but also give positive impacts to the world or theyRead MoreThe Following Seven Key Lessons Are To Help Any Beginner1618 Words   |  7 Pageshelp any beginner entrepreneur strive for success with a little more ease than as if they were to tackle it without any guidance. This book will focus on seven key lessons to becoming a successful entrepreneur as well as examples of entrepreneurs that have become successful either following these methods or creating their own pathway through the battle of entrepreneurship. To become and entrepreneur there are the lessons, the theories, the playbook that exists fo r entrepreneurs to help them succeedRead MoreThe Teachability Dilemma of Entrepreneurship1296 Words   |  6 PagesEntrepreneurs are a very, or perhaps the most, important boost in our economy. 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Tamara Monosoff, a social entrepreneur and the ownerRead MoreThe Characteristics Of Survival Entrepreneurs1342 Words   |  6 PagesCharacteristics of Survival Entrepreneurs The environment of survival entrepreneurs is plagued by â€Å"overcrowded market ‘niches’, negligent or predatory government agents, and multiple but volatile sources of household income,† which results in a high level of uncertainty. Due to other emergencies that they are faced with, they are faced with the need to avoid unnecessary risks. Furthermore, relationships with patrons that result in some sort of reciprocity need to be fostered in order to have a pool