Preview

Why Should Anyone Become an Entrepreneur?

Better Essays
Open Document
Open Document
1090 Words
Grammar
Grammar
Plagiarism
Plagiarism
Writing
Writing
Score
Score
Why Should Anyone Become an Entrepreneur?
We always hear about a person who becomes an entrepreneur. Some entrepreneurs succeed and some of them do not. Who's an entrepreneur? Why should anyone become an entrepreneur? Questions come to some people’s minds. Entrepreneur is "a person who starts or owns and operates an enterprise" (Moore, Petty, Palich, Longenecker, 2008). There are some motivators that make people willing to take this major step. Entrepreneurship gives people the chance to be their own bosses, make money, escape a bad situation, enjoy a satisfying life, and contribute to the community. To be your own boss is an important reward of entrepreneurship. A survey of small business owners shows that 38% of them who left their former jobs at other companies said that they desired to be their own boss (Moore et al, 2008). This was the main reason they left. Being your own boss is an attractive idea. The independence offered is the main motive. For instance, Karen Taylor who was working in advertising and public relations for a long time started a public relations firm for her own which called Southwest Ink. “I may work more hours some weeks, but they’re my hours”, says Taylor (‘Customer Service Champ’). For sure, the independence does not mean an easy life. Working hard for long hours is what most entrepreneurs do. They must keep in mind that the ‘customer is the boss’. Restraints raised by economic and other environmental factors, involving unwanted working conditions do not keep them from feeling satisfied about making their own decision. There are many ways to earn money, starting your own business is one of them. As any other job or career, entrepreneurship provides financial needs. Actually, lots of money is earned by entrepreneurs. Self-employed people are four times more likely to be millionaires than those who work for others (Moore et al, 2008). A question raised by entrepreneurs is: how much money should I expect in return for starting a business? Of course, some profit is

You May Also Find These Documents Helpful

  • Powerful Essays

    Starting your own business also means all the profit that is made within the business is all yours.…

    • 1349 Words
    • 5 Pages
    Powerful Essays
  • Satisfactory Essays

    Task4

    • 353 Words
    • 2 Pages

    Another benefit of you starting up your own business is that you have no limit as a self employed person; you are not limited to how much you earn. As it’s your business no one can give you a fixed hourly wage rate you can earn how much you want to earn in an hour because you are the boss so the profit that you make goes straight to you but if your business does not make money then there is no point of keeping the business running because if you’re making no money how are you going to be paying for tax or if you rent out a space for your business how you going to pay for rent and all your…

    • 353 Words
    • 2 Pages
    Satisfactory Essays
  • Satisfactory Essays

    Business Study1

    • 634 Words
    • 3 Pages

    An entrepreneur is a person who starts his or her own business, instead of working for someone else.…

    • 634 Words
    • 3 Pages
    Satisfactory Essays
  • Powerful Essays

    Many societies place great value on the entrepreneur. An entrepreneur has the greatest chance of success by focusing on a market niche either too small or too new to have been noticed by established businesses. Entrepreneurship is often difficult and tricky, as many new ventures fail. Most commonly, the term entrepreneur applies to someone who creates value by offering a product or service. Entrepreneurs and business people come from all walks of life and have different backgrounds and life experiences. Anyone can start up their own business.…

    • 2447 Words
    • 10 Pages
    Powerful Essays
  • Good Essays

    For any economy to succeed, the creation of new businesses is essential. The majority of people starting these businesses are immigrants. Many people immigrate to the United States for a better life for themselves or their children. Many accomplish that by opening their own business, thus making themselves entrepreneurs. An entrepreneur is an individual who starts his or her own business. Whether they start small neighborhood shops or multi-million dollar corporations, these immigrants living the American dream. One prominent immigrant who was able to build a successful corporate empire is Manoj Bhargava, the founder of 5-Hour Energy.…

    • 682 Words
    • 3 Pages
    Good Essays
  • Good Essays

    It is the business owner who benefit in a business establishment. As we all know the best gain of having your own business is the fact that you get be your own boss. Another wonderful advantage in the entrepreneurship field is the amount of choices you can choose from in the market of business opportunities. Job security is a great factor. No one can fire you. You just need to make sure that your business runs smoothly and you would not end up in any kind of trouble. With a long range of support sources such as the Small Business Administration, the local Chamber of Commerce and other local and national organization, a lot has changed in recent years. With that, owing and running a business is just as easy as said.…

    • 757 Words
    • 4 Pages
    Good Essays
  • Good Essays

    Owners can have any type of education to start their own business. Some say it is where the money, action, and brains are. Small businesses have grown 49 percent in since 1982, according to the Small Business Administration (SBA). They generate about 60 to 80 percent of all new jobs in the U.S. economy each year.…

    • 796 Words
    • 4 Pages
    Good Essays
  • Better Essays

    With rare exceptions, the literature about entrepreneurship is positive and supportive and implies that uniform benefits accrue to the economy, to businesses, and to individuals as a result of entrepreneurship. This is only half the story. A small number of researchers have examined the dysfunctional aspects of entrepreneurship and pointed out that a Dark Side definitely exists (Kets de Vries, 1985; Solomon & Winslow, 1988; Winslow & Solomon, 1987; 1989).…

    • 2963 Words
    • 12 Pages
    Better Essays
  • Good Essays

    An entrepreneur is a person who wants to accept, and dare the challenges, and take the risk for him to grow, and create higher opportunities as well for the profits. An entrepreneur personal characteristic is willing to adjust, adapt, and grow. He must be very creative, energetic, outgoing, intelligent, inspired and motivated in his endeavors.…

    • 504 Words
    • 3 Pages
    Good Essays
  • Powerful Essays

    Schumpter (1934) saw the definition of an entrepreneur as not only individuals who bears the risk of buying and selling at uncertain prices , but more of process by which an economy moves forward through the act of creative disruption or innovation. There are many different avenues on what defines a person as an entrepreneur, the definition itself is evolving based on the society we are in today. The entrepreneur in this report when asked what he thinks is an entrepreneur in a small business, his opinion was “a person who takes control of his or her own destiny to become self employed either by setting up a business or taking over from someone else.”…

    • 2552 Words
    • 11 Pages
    Powerful Essays
  • Good Essays

    The first thing most people think of when they consider starting their own business is the freedom it will bring. Ads of manufacturers trying to notice and get entrepreneurs to sell their products post signs reading, “BE YOUR OWN BOSS,” and “ANSWER TO NO ONE BUT YOURSELF.” They do this for a reason: it’s powerful and effective. The freedom appeals to everyone who has ever worked under a boss and had to follow orders they would not otherwise have done. Working in an existing firm does not afford this luxury. While there can be different levels of “freedom” for each position on the corporate ladder, you can never truly claim the “freedom” entrepreneurs live by.…

    • 956 Words
    • 4 Pages
    Good Essays
  • Good Essays

    This article’s audience is the general public and also potential entrepreneurs. The purpose of this article is to inform people that are interested in becoming a business owner and the things that are needed to accomplish this, the rewards and challenges, becoming self-employed right for them, and resources to becoming a business owner. This article will aid several entrepreneurs that want to start up their own business with the information on statistics on occupations with high levels of self-employment, occupations with rapid growth, and occupations with high concentration of self-employment.…

    • 612 Words
    • 1 Page
    Good Essays
  • Good Essays

    Men of Honor

    • 1505 Words
    • 7 Pages

    An entrepreneur is a person who organizes, operates, and assumes the risk for a business venture (www.dictionary.com). Even though this is the definition of an entrepreneur, there are also many other attributes that are missing. As an entrepreneur you must have a wide variety of traits which can not only help you in creating ideas but improve them as well. Risk taking and leadership are only a few of the many characteristics you should possess. However, the one trait that is a necessity in anything you do is passion. Without it not only will you become bored with your work, but you will have less of a chance of becoming successful. One film that shows this passion and dedication is "Men of Honor" starring Cuba Gooding Jr. and Robert Dinero. Although these men never engaged in any traditional business transactions, these men still do posses many key traits of a successful entrepreneur.…

    • 1505 Words
    • 7 Pages
    Good Essays
  • Powerful Essays

    An entrepreneur is a person who initiates and manages a business on his own at a financial risk. Some fine examples are: Sir Richard Branson, Bill Gates, Steve Jobs, Dhirubhai Ambani and Jamsetji Tata. Another great entrepreneur is Jeff Bezos, the founder of the online megastore, Amazon.com.…

    • 2231 Words
    • 9 Pages
    Powerful Essays
  • Good Essays

    Also, an Entrepreneur is one who assumes the responsibility and the risk for a business operation with the expectation of making a profit. The entrepreneur generally decides on the product, acquires the facilities, and brings together the labor force, capital, and production materials. If the business succeeds, the entrepreneur reaps the reward of profits; if it fails, he or she takes the loss.…

    • 792 Words
    • 4 Pages
    Good Essays