CHAPTER-1 INTRODUCTION 1.1 MEANING The classic definition of an Entrepreneur is “a person who organizes and manages a business undertaking‚ assuming the risk for the sake of the profit.” The word ’entrepreneur’ is derived from the Old French word ’entreprendre’ which was first used by the economic ’theorist’ Richard Cantillon in 1755 in an essay where he used this term to describe a person who assumed the risk of buying goods in the belief that they could sell them at a higher price at a
Premium Entrepreneurship Entrepreneur
employer-employee relationship. Some of the younger members of my family learn how the business is run and managed started at an early age so that they know what it takes to keep this business successful. 5. Since I keep the business mostly in the family‚ I leave little room for expansion when it comes to my number of employees. I like keeping a tight structure among my family rather than employing a lot of people outside of the family. Hypothetically‚ the only way to expand my employee count while
Premium Types of companies Business law Family
Are You Cut Out to Be a Successful Entrepreneur? ABSTRACT First‚ there was an interview with a successful entrepreneur. Second‚ there was a talk on entrepreneurship by a guest speaker‚ Mr. Azmi Ahmad (the CEO of Skali.com) and later‚ an "elevator speech" by fellow students on various issues related to entrepreneurship. This collective information and some reading on entrepreneurship journals‚ books and articles have brought to the idea on writing this paper‚ towards certain perspective‚ on successful
Premium Entrepreneurship Entrepreneur Joseph Schumpeter
REPORT ON TYPES OF ENTREPRENEURS Entrepreneurship is the act of being an entrepreneur‚ which can be defined as "one who undertakes innovations‚ finance and business acumen in an effort to transform innovations into economic goods". Strategic Entrepreneurs: they show simultaneous opportunity seeking and advantage seeking behaviours and results in superior firm performance. They are engaged in exploring new ideas‚ opportunities and other entrepreneurial dexterity which are so unique in order to gain
Premium Entrepreneurship Entrepreneur
BUSINESS MANAGEMENT ( FMG0044 ) ASSIGNMENT 1 : “ THE SUCCESSFUL ENTREPRENEURS ” Lecturer : Sir Azizi Name : 1) Ahmad Zul Iqmal B. Zulkifli (012012051643) 2) Khoo Chee Hong (012012050692) CONTENT 1) Introduction 2) Profile / Background of the entrepreneur 3) The success characteristics / traits of the entrepreneur 4) How should I imply his / her success attitude to improve my personal development / my life ? 5) Conclusion INTRODUCTION Entrepreneurship
Premium Entrepreneur Entrepreneurship Ananda Krishnan
English Dictionary (of 1897) defines the term “Entrepreneur” in similar way as the director or a manager of a public musical institution‚ one who gets-up entertainment arranged ‚ especially musical performance. Initially in the early 16th century‚ it was applied to those who were engaged in military expeditions. In 17th century. It was extended to cover civil engineering activities such as construction and fortification. Since then‚ the term “Entrepreneur” is used in various ways and various views.
Premium Entrepreneurship Entrepreneur
Women entrepreneur Women entrepreneur is any women who organizes and manages any enterprise‚ especially a business. Qualities a women has to hold to become successful entrepreneur 1. Self Belief The first and probably the most important characteristic possessed by successful women entrepreneurs is self belief. They believed in themselves; what others said about them didn’t matter. They never looked for problem solvers; they believed they were the problem solvers and that belief worked for them
Premium Entrepreneurship Success
Drive to Achieve The drive for achievements; and entrepreneur must be greatly motivated in accomplishing his/her goals or objectives. He/she should posses a psychological drive to achieve things that he/she set for him/her self as a target to take in a given time. This drive could make him/her self as a person that has a result oriented views in life. One of the entrepreneur who best described in this entrepreneurial skills is Steve Paul “ Steve” Jobs. He is best known as the co-founder‚ chairman
Premium Steve Jobs Steve Wozniak Apple Inc.
“An entrepreneur tends to bite off a little more than he can chew hoping he’ll quickly learn how to chew it.” (Roy Ash) Thirty-two years ago‚ Steve Celar embarked on the journey of starting up his first business. After many years of struggle and hard work‚ his business has expanded into different areas other than what he had originally intended‚ all of those businesses are centered on cars but mainly‚ Hot Rods. Steve is the founder and sole-proprietor of Kalamity Kars‚ and Kalamity Krash Repair
Premium Entrepreneurship Management
that make up a successful entrepreneur Le 1 How to become a successful business woman. Le Minh Thao Dung Class: E3301 Instructor: Mr. Jonathan W. Lankford The elements that make up a successful entrepreneur Le 3 Introduction Have you ever known what the elements that make up a successful entrepreneur are? In today’s society‚ many people have become successful entrepreneurs with many ways. Depending
Premium Entrepreneurship Success Factors of production