Preview

entrepreneurship

Satisfactory Essays
Open Document
Open Document
2025 Words
Grammar
Grammar
Plagiarism
Plagiarism
Writing
Writing
Score
Score
entrepreneurship
Areas to Complete for the Entrepreneurship Portfolio
Mindset
Taking Risks
Type
Grade %
A. Financial
68
B. Intellectual
92
C. Social
80
D. Physical
92
E. Cultural
60
Total:
78.4

My advantages: I think I’m not just a thinker but a doer, that’s an advantage because I try to have no irrational fear, if I have one it is calculated and more than fear I’d like to say it is just my logic telling me not to do something. So in embarrassing aspects like talking to strangers, in front of public, selling my project and exposing my idea to people who may not like it I think I have almost no problem. But I’m not crazy, in financial situations I’m pretty conservative, a lot of times you don’t know what are you confronting to if you are in a new venture, so I would risk some money but try to calculate the probabilities of success and based on that decide how much am I willing to invest in a new project.
Precautions: I think I’m taking my precautions already, mainly about the money. Also since I am an adrenaline junkie I will have to make sure I won’t die in these years on a skydiving or bungee jumping accident! One more thing I must avoid is being lazy, I can take a lot of risks, but I must really organize myself to be able to spend enough time on a project.
Implications for how I shape my entrepreneurial path: I picture my path as growing first in a social way, trying to explain to everyone how does it work, sharing this feeling good mood with my friends and strangers, really making people’s days happier and then when I truly get convinced of my potential of sharing happiness (because I think that’s what I really look for from my venture), I will start spending also money and doing proper research and prototyping for the product; when I get the validations I need from my potential customers, this means pitching the idea and making my audience get excited about the idea, as well as closing sales even before I have the production ready (just by showing

You May Also Find These Documents Helpful

  • Good Essays

    Entrepreneurial Growth

    • 1738 Words
    • 7 Pages

    This course is for students who want to explore the challenges of running and growing an entrepreneurial company or a division of an established firm. We start by looking at the most basic question. Can the firm grow; should the firm grow? Since growth is a choice, we will also look at the trade-offs between aggressive growth and what venture capitalists call "life style" businesses. We will also look at the importance of identifying opportunities for new product development and responding to competitive threats.…

    • 1738 Words
    • 7 Pages
    Good Essays
  • Satisfactory Essays

    entrepreneurship

    • 2951 Words
    • 10 Pages

    KEEP A COPY Please be sure to make a copy of your work. If you have submitted assessment work electronically make sure you have a backup copy.…

    • 2951 Words
    • 10 Pages
    Satisfactory Essays
  • Powerful Essays

    - One who creates a new business in the face of risk and uncertainty for…

    • 1207 Words
    • 5 Pages
    Powerful Essays
  • Good Essays

    Effectuation

    • 138276 Words
    • 554 Pages

    © Saras D. Sarasvathy 2008 All rights reserved. No part of this publication may be reproduced, stored in a retrieval system or transmitted in any form or by any means, electronic, mechanical or photocopying, recording, or otherwise without the prior permission of the publisher. Published by…

    • 138276 Words
    • 554 Pages
    Good Essays
  • Good Essays

    Extreme Entrepreneurship

    • 15139 Words
    • 61 Pages

    purpose, title, non‐infringement or any other warranty, condition, guaranty, or representation, where oral, in writing or in electronic form,…

    • 15139 Words
    • 61 Pages
    Good Essays
  • Good Essays

    Starting a business is a creative endeavor that starts with conceptualizing a product or service, and then building a practical infrastructure that can sustain itself while delivering that product or service. Entrepreneurship requires creative problem solving as well as creative product development, and entrepreneurs have the creative freedom to think outside the box and develop unique strategies that balance personal values with practical constraints.…

    • 1080 Words
    • 4 Pages
    Good Essays
  • Good Essays

    Entrepreneurship

    • 3004 Words
    • 13 Pages

    Promote regular team brainstorming sessions, which allow employees a chance to produce a high quantity of ideas. Once you have a large amount of ideas, analyze and choose those ideas that are of high quality.…

    • 3004 Words
    • 13 Pages
    Good Essays
  • Powerful Essays

    Entrepreneurship

    • 6805 Words
    • 28 Pages

    The initial desire David Levin was born and grew up in the close Jewish community of Pollokshields, a leafy suburb of Glasgow, Scotland, the son of an electrical wholesaler. Home life was comfortable but constraining and the young boy longed to escape its confines. He resented school and admits to being a difficult student, thinking that it was a complete waste of time; few of the subjects taught seemed to have any relevance. Family holidays in the resort hotels of Britain after the war provided the young David Levin with his first glimpse of hotel life and the possibilities that it offered. He was fascinated by the Hotel Patron; master of all he surveyed, never accepting anything less than perfection in order to deliver a memorable experience for customers. His father and the friends of his father were in business and David grew up understanding the values of working hard to achieve personal goals. This led to him seeking work, whilst in his midteens and still at school, at the local Central Hotel’s Malmaison restaurant, which very quickly reinforced his view that this was not only a world he wanted to be part of, but also something at which he could excel. It became his ambition to not only get into the hotel business, but also to one day own his own luxury hotel. In those days, although there were four-year apprenticeships for chefs, a career in hotel management could only be initiated by a spell at a Hotel School. Therefore, against the wishes of his family, in particular his father who went ‘mad’ at the news, having harboured ideas that his son would study for a more professional career; David attended the Glasgow Hotel School (now the Scottish Hotel School, University of Strathclyde). The Hotel School proved to be a reprise of David’s experience of school, boring and irrelevant. From his brief time working at the Central Hotel, he was only too aware that learning…

    • 6805 Words
    • 28 Pages
    Powerful Essays
  • Powerful Essays

    Entrepreneur

    • 2045 Words
    • 9 Pages

    Born in 1984, Mark Zuckerberg is an entrepreneur who, along with two of his fellow students, founded Facebook while still studying at Harvard. Facebook is a social website that is privately owned, and is used by its members to put up details about themselves through pictures and profiles. It is based on similar sites available to students at various universities. The intention of these sites is to allow students to become better acquainted with one another.…

    • 2045 Words
    • 9 Pages
    Powerful Essays
  • Good Essays

    Entrepreneurship

    • 702 Words
    • 3 Pages

    The following assignment is to be completed by self-selected groups of two persons (called dyads or pairs). You may choose your partner for this assignment. We specifically designed this assignment to be performed in a pair and only in exceptionally rare cases will we approve other work arrangements (i.e., individual or a three-person group project). If you cannot find a partner and need assistance, please contact your program manager.…

    • 702 Words
    • 3 Pages
    Good Essays
  • Satisfactory Essays

    Individual Essay (1500 - 1800 words) - 55% - Due date: 6th December 2012 by 2pm to the Undergraduate Office…

    • 567 Words
    • 3 Pages
    Satisfactory Essays
  • Better Essays

    Entrepreneurship

    • 2206 Words
    • 9 Pages

    South Africa’s national development strategy along with numerous other countries strategies, view small business development and enterprise empowerment as an imperative for economic growth.(ACT102, 1996). Worldwide there is an acknowledgement that entrepreneurship is an economic workhorse and catalyst.(GORMAN, 1997) Entrepreneurship is seen as empowering and is a requisite for emerging countries such as South Africa to progress and globally integrate. South Africa acknowledges this and given its extremely high unemployment rate, South Africa has a mandate to foster an entrepreneurial nation.(Malik Fal, 2010)…

    • 2206 Words
    • 9 Pages
    Better Essays
  • Satisfactory Essays

    entrepreneurship

    • 825 Words
    • 3 Pages

    From an economists point of view entrepreneurship is best considered as a function. The entrepreneur is what the entrepreneur does. Entrepreneurship was first described in economic terms by Cantillon who defined the components of trade but the term was accorded by Say. The modern theory of the entrepreneur is primarily concerned with the primary characteristic of the search for or the discovery of knowledge. The entrepreneur uses this knowledge in moving resources, where it is argued that the qualities of insight and deviousness enter, to his own advantaged. The very nature of entrepreneurship, that is doing something new and remote making it unpredictable, makes it impossible to give a precise and universally acceptable characterisation of it. Consequently there is a diversity of opinion regarding its function and definition.…

    • 825 Words
    • 3 Pages
    Satisfactory Essays
  • Powerful Essays

    Entrepreneurship

    • 5513 Words
    • 23 Pages

    Purpose – The main aim of this paper is to analyze the relationship between innovation and…

    • 5513 Words
    • 23 Pages
    Powerful Essays
  • Satisfactory Essays

    Entrepreneur

    • 882 Words
    • 4 Pages

    Breaking up the market into segments by the Entrepreneur can be the key to a small business’s success. The beauty of target marketing is that it makes the promotion, pricing and distribution of the Business’ products and/or services easier. The process could be carried out on the basis of Geographic, Demographic and Psychographic considerations. The process could also help identify feasible business opportunities; but the Entrepreneur needs to answer several questions including the following: Is there a customer base for you in your chosen target market?…

    • 882 Words
    • 4 Pages
    Satisfactory Essays