Number 3 (2013) pp. 71-78 www.ijcrar.com Challenges faced by new entrepreneurs R.S.Kanchana*‚ J.V.Divya and A.Ansalna Beegom Kanchana.R.S‚ Kanchana Bhavan‚ Mithirmala.P.O‚ (695610) Mithirmala‚ Trivandrum Kerala‚ India *Corresponding author KEYWORDS Entrepreneur; Challenges; motivation; skill; adventurism. A B S T R A C T An entrepreneur is one who plays significant role in the economic development of a country. Basically an entrepreneur can be regarded as a person who has the initiative‚ skill and
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OF ENTREPRENEURS IN THE SOCIETY Introduction Entrepreneurship is the capacity and willingness to develop‚ organize and manage a business venture along with any of its risks in order to make a profit. However‚ some school of thought would define an entrepreneur as one who manages the factors of production in order to first satisfy or meet human needs and not primarily for the desire to make profit. The most obvious example of entrepreneurship is the starting of new businesses. Entrepreneurs occupy
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The Obstacles To Be Young Entrepreneur Absharina Hasyyati Trisakti University Jakarta Email: sha_aldiano@yahoo.co.id Feby Rahmawati Trisakti University Jakarta Email: febrahmawati@gmail.com Husna Leila Yusran Trisakti University Jakarta Email: husnaleila@gmail.com The objective of this study is to find out the obstacles that the student faces as young entrepreneurs in Indonesia. A hundred student from eight universities in Indonesia participate in this study Research found
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Entrepreneurs are born not made. “You were born to win‚ but to be a winner‚ you must plan to win‚ prepare to win‚ and expect to win.” (Zig ziglar‚ Author and speaker). One may be born with the mental capacity to innovate‚ think big and achieve great success‚ but success requires more than merely great ideas. Successful Entrepreneurs are people who are able to think critically‚ manage problem solving‚ attain people skills and most importantly possess the passion to manifest their dreams
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whether entrepreneurs are born or made. The Business Dictionary (2014) defines an entrepreneur as “Someone who exercises initiative by organizing a venture to take benefit of an opportunity and‚ as the decision maker‚ decides what‚ how‚ and how much of a good or service will be produced.” There is a debate as to whether or not there is such a thing as an ‘entrepreneur gene’ or are entrepreneurs taught and made through experience. Richard Baister (2007) states that “being an entrepreneur is not
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It is not mandatory to be a "born entrepreneur" in order to succeed in business world (Klein‚ K). But‚ written by (Mathews‚ R et al) in the Academy of Entrepreneurs‚ it states that according to a study by Northeastern University’s School of Technological Entrepreneurship in 2006‚ it showed that “entrepreneurs are born‚ not made” (Taylor 2006). Thus it will be argued that entrepreneurs are neither born nor made‚ and rather that they can learn to have an entrepreneurial mind but‚ that it does help
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Are entrepreneurs born or made? Critically discuss. Introduction An entrepreneur is a person who sets up a business by taking on financial risks in hope to make a profit. The word entrepreneur stems from the French word entreprendré which means ’to undertake ’. A couple of examples are Lord Alan Sugar and Bill Gates. Lord Sugar is an entrepreneur worth £800 million. He started by selling car aerials out of a van‚ he then set up his company‚ Amstrad which sold affordable hi-fi turntable covers
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Question: Explain the triggers and barriers faced by entrepreneurs. Answers: Entrepreneurs are people who are willing to take the risk of business ownership. To start up a new business an entrepreneur must have the trigger and must face the barriers. This is the list of triggers that force an entrepreneur to start up a new business. 1. Material Rewards Many entrepreneurs launch their own business venture because they want to be rewarded according to their
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Problems Entrepreneurs Face June 2003 By Gwen Richtermeyer‚ Ph.D. Director BRIDG Problems Entrepreneurs Face Problems Entrepreneurs Face June 2003 by Gwen Richtermeyer‚ Ph.D. Director BRIDG Table of Contents Introduction ..................................................................... 1 Problems in the Beginning .......................................... 1 Finance ...................................................................... 1 Management ....................
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we would evolve this tool into a goldmine for businesses and entrepreneurs to grow their passions. Social networking clearly has an array of benefits; some would argue that social networks should be for individuals only‚ but users like me find that including businesses in social networking is an outstanding tool for judging reputation‚ finding out about new products and services‚ and giving free branding and advertising to entrepreneurs. It is important to open the minds of people in the community
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