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.

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Hey Folks,

I was recently at a conference with my colleagues and heard from one of the top entrepreneurs in my business the ultimate in explanation for what defines an entrepreneur.  Most people use the word entrepreneur very loosely and I think that the following will set the record straight.

An Entrepreneur is personally growing

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The decision to be an entrepreneur is not a spur of the moment thing. An entrepreneur is a person who organizes and manages a business, assuming the risk for the sake of profit. An entrepreneur is a person who will build 100 companies in a lifetime. Therefore, an entrepreneur is an undertaker, a person who undertakes a task.

Being an entrepreneur is what you do and how you do it, not what your employee ID # is. Entrepreneurs are not more self-confident than non-entrepreneurs; and overconfidence is bad for business success

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I am a freshman undergraduate student at Winston Salem State and am not exactly sure what I should major in. I am thinking about majoring in economics, but it is also a goal of mine to one day own my own business. I don’t know what exactly it would be, or in which field, but it is something I would like to do if I get the chance. So, what major can set me up for a career in the corporate world (if it doesn’t work out) and my goal of being an entrepreneur: economics, management, entrepreneurship, or some other business major?

I should also mention that I’m a big sports fan and wouldn’t mind owning a business or having a job dealing with or related to sports (basketball, football mostly)

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Entrepreneurs- The Best Ten Most Flourishing Entrepreneurs in the 20th Century That We Should Research and Why

Selecting the top ten most successful entrepreneurs in the last century is very subjective. Some persons measure importance on net worth alone while others measure how meaningful the entrepreneur’s efforts have grown to be. The finest way to actually select the best group is to mix the two.

Following is a list of ten crazily successful entrepreneurs who are acknowledged as icons all over the world. Their lucrative accounts are nothing short of astonishing and are the material dreams are made of.

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Entrepreneur
How To Choose Your Rights Organization As An Entrepreneur

When resolving to venture out into the broad world of business, you will first want to pick an ownership organization that will efficiently match the requirements of your business, plus protect yourself and your private assets. Opt for a unique proprietorship, alliance, limited alliance, limited liability company (LLC), corporation (for profit), nonprofit corporation (not for profit), or cooperative organizations. Confirm you do your research on every one, as one minor variation from one organization to another could be the key aspect that prevents creditors from hunt your private property in case your business collapses. Examine brief accounts of the most common structures to identify what will best suit your entrepreneur effort. Remember these are just a few of the alternatives out there.

Single Proprietorship: A unique proprietorship is a one-person enterprise that is not registered with the state. You don’t need to do anything special or keep any papers to organize a unique proprietorship—you start one omly by going into business by yourself. Legitimately, a unique proprietorship is indivisible from its proprietor. You and the enterprise are one and equal, denoting you state business income and debits on your own tax return and are independently liable for any business-related responsibilities, such as debts or court judgments.

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do u have the passion to become one? is yes what kind of business u would start?

Why I left the comfortable life as employee and became an entrepreneur . It is about life purpose, about the values I hold to my heart.

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Becoming an entrepreneur is like immigration | Real Life Spirituality

One of the requirements to become an entrepreneur is to learn the mindset of entrepreneur by being with successful entrepreneurs.

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If You Want To Become An Entrepreneur, Be With Entrepreneurs …