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Hello all, #: What is your motivation for becoming an entrepreneur ? Your motivation to become an entrepreneur must be strong enough to carry you through the ups.
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Questions to Ask Yourself Before You Become an Entrepreneur
People enjoy a lot of comforts as they go through life each day. Have you ever wondered who are responsible for all these life’s comforts? You have to thank the entrepreneurs for it. But, what is an entrepreneur? Entrepreneur has many meanings. If you want to know exactly what it means, just keep on reading. A person who assumes business responsibility and the risks that comes along with it is called an entrepreneur. As an entrepreneur, one expects to make profits, whether big or small, depending on the business he or she is involved in. generally, the entrepreneur decides which product or service to offer, obtain the needed facilities, hires the required labor force, acquire production materials, and provides for the capital.
There is no assurance that the business will become a success. However, if the business proves to be a success, the entrepreneur will reap all the benefits and rewards in terms of the profits. In case of a loss, the entrepreneur will also be the one to suffer.
Assuming business responsibilities is definitely not an easy task. Not many individuals are willing to take huge responsibilities, and most especially take all the risks. Only an experienced and knowledgeable individual will dare to become an entrepreneur. The ultimate goal of an entrepreneur is to earn profits. By putting up a small business, you will also earn limited returns but by establishing a big business, you will also earn more profits. The choice will depend on the entrepreneur and his or her available resources. As the most important person in a business venture, an entrepreneur will be the one to decide which product or service to offer. He or she must be able to determine the needs of the people and provide the answer to such needs. A careful study of the targeted market is required. This takes time because one can’t decide immediately what product or service to offer. Once the products or services are identified, it is now time for the entrepreneur to obtain all the needed facilities. This will include the building or the place of business.
A recent study of entrepreneurs by the Kauffman Foundation revealed that older more experienced men and women are leading the charge in new business start ups. An average of 530,000 new businesses were started each month in 2008 which is up slightly over 2007 which appears consistent with historical trends during a recession.
My two favorite definitions of “entrepreneur” are from a 19th-century French economist and a present-day American capitalist.
“The entrepreneur shifts economic resources out of an area of lower and into an area of higher productivity and greater yield.” – Jean-Baptiste Say. “An entrepreneur solves problems for a profit.” – T. Harv Eker.
Entrepreneurs are the producers of the world. They create something from nothing. They take ideas and dreams, and they bring them to reality. They are the innovators and the risk takers. They are the ones who make our lives better, and a lot more fun.
the business i wish to study is entrepreneur
OK, about myself, I’m 18 and starting my Sophomore year in Community College. I always wanted to work for myself, I started a few websites at 14 years old and raked in $15k+ since then (and still reaping the fruits of my labor, but am not interested in web based businesses). I’ve never had a boss and I love it. Anyway,
I want to get a degree that will get me a good position in a field that is related to Business, the economy, finance (whatever would be required for an Entrepreneur to know).
I’m planning to start a small business on the side, and I saw this article on Entrepreneur magazine Philippines on how to make/produce sardines, tuna, and other small fish in jars to be sold wholesale or retail. Well, it teaches the basics, but I would like to search for more websites to broaden my knowledge on this little endeavor of mine.
Aside from using small fish, I plan to use parts of bigger fishes, like salmon belly, etc. What other fishes/ fish parts can I use?
My husband is considering going into self employment as a sand blaster. We live within 10 miles of a large metropolitan area and he undersatnds the needsto have things sandblasted is high.
He is retired military, but his retirement benefits will not kick in for several years.
In your honest opinion, is there a real need for sandblasting work?
I was thinking renting bar space, having entertainment, charge cover fee, real estate…what else?
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