ENTREPRENEURSHIP

By Emily Burkley

What is an Entreprenuer?

An entrepreneur is someone who takes a risk in starting a business to earn a profit. Entrepreneurs must have a strong desire to be successful, responsible, and ready to be their own boss. They must be creative, confident, and have the capability to turn an idea into a business. You can be any age or ethnicity, male or female, and have varied amounts of education. It is also important to have an understanding of business operations and management. This information can be attained in many different ways, whether it's taking classes in college, or asking for advice from an experienced business owner.
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Characteristics of a Successful Entreprenuer

  • Problem-solver
  • Strong integrity
  • Persistent
  • Inquisitive
  • Energetic
  • Goal oriented
  • Reliable
  • Competitive
  • Hard-worker
  • Independent
  • Confident

Starting a Business

Key factors in starting your own business include recognizing what you need to do to make your business successful. These include employment, financing, productivity, and the opportunity and risks that can play into this change. Most money comes from friends and family, but venture capital can also be provided for new businesses. Entrepreneurship's can make innovations or improvements to existing products, which can get their business booming. As these grow to become popular, you can expand your business and increase capital. However, running a new business can have its risks too. Owners can get tired of the long hours, low sales, competitive pressure, and higher than expected expenses.

We are Entrepreneurs

Joshua Moore was just a regular high school student until he decided to invent the baby stroller braking system. Steve Jobs and Wozniak created a billion dollar business from a garage in Palo Alto. Richard Knerr created the hula hoop and sold 25 million hoops within the first four months.