III. Essay: In your own words, what is Entrepreneurship?_______________
one who organizes, manages, and assumes the risks of a business or enterprise
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While entrepreneurship is exciting and rewarding, it has some difficulties early on in the process. This means that becoming an entrepreneur doesn’t just come easy as one has to go through dozens of hardships and challenges along the way. If somebody asked me what the hardest thing about being an entrepreneur is, I would not hesitate to say it is the part of making decisions. Entrepreneurs every day in their businesses are forced to make some hard decisions on market conditions, accepting or declining business deals, prices, and costs.
There are a million reasons to love being an entrepreneur. However, if someone asked me what I do think would be most fun about being an entrepreneur, I would consider the part of being my own boss where I can set my own schedule with no one to dictate what I should do (FEDERICO, 2015). I love this freedom where I can only answer to myself.
While a good entrepreneur has to be a good manager, a good manager may not necessarily be a good entrepreneur. Most managers have a strong dislike in taking risks. On the other hand, a good entrepreneur has a high propensity for taking risks. Entrepreneurs are also higher in achievement motivation and preference for innovation compared to managers.
For a business to succeed, there has to be good management. There are common attributes that make good managers and, it is these attributes that determine the success or the failure of the business. Some of the characteristics that make a good manager include; good leadership, exemplary communication skills, willingness to innovate, willingness to focus on diversity, accountability, effective decision making, honesty, problem-solving, assertive, goal-oriented, open-minded among others (Leddy, 2017).
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Entrepreneurship is a process of action an entrepreneur undertakes to establish his enterprise. Entrepreneurship is a resultant mix of many qualities and traits of an entrepreneur. ADVERTISEMENTS: Entrepreneurship can be defined as a process undertaken by entrepreneur to augment his business interests. Advertisement Still have questions?
Find an answer to your question essay on Entrepreneurship. RejectTuhin8233 RejectTuhin8233 10/30/2017 English High School answered Essay on Entrepreneurship 1 See answer Advertisement
Answer: Entrepreneurship is simply the process of designing, launching, and running a new business or enterprise. It can be done by anyone, regardless of their level of experience or education. Many people think that entrepreneurship is all about starting new businesses, but that's only one aspect of it.
Essay: In your own words, what is Entrepreneurship?_______________ Advertisement Answer 3 people found it helpful starlawish it is when a person runs a business to earn a living and help his family Advertisement Answer 1 person found it helpful jeonramian10 Answer: one who organizes, manages, and assumes the risks of a business or enterprise
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If somebody asked me what the hardest thing about being an entrepreneur is, I would not hesitate to say it is the part of making decisions. Entrepreneurs every day in their businesses are forced to make some hard decisions on market conditions, accepting or declining business deals, prices, and costs. There are a million reasons to love being ...