Thursday, December 19, 2019

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. 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