Tuesday, November 26, 2013

Principles of Entrepreneurship.

Entrepreneurship has been the main focus on what I have researching for the past few months. It is a very interesting topic to me because I am able to learn so much and see that I am going to have to work extra hard to become one. The piece of research that I am finishing up is one called Principles of Entrepreneurship and has provided me with very good information. I have learned that an entrepreneur is one that is willing to take risks and is able to put their ideas out there. There is no specific "profile" for being one. This is one of those careers that anyone can pursue as long as they have determination, dedication, creativity, self confidence, passion, and leadership. One must be willing to go out there and talk to many people to learn more and ask questions. Many become entrepreneurs because they love knowing that they will be their own boss and they will be the ones in charge of making all the decisions. They will not have to work for someone else and will be able to make their own schedule. Decision making plays a major role in entrepreneurship. Decision after decision is being made on what the product should be, who it is targeting, and how you should come about this business. Sometimes it is best to start your own business with a partner because research has shown that bankers and investors prefer financing new business that are started with two or more people. The only difference is that the decision making, or "power", will be shared among all of you instead of just one person. This career path is not an easy one, but it can be done if you do everything that is needed. You start off small and turn it into something profitable. If you're not a big people person, you need to change that now. 

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