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¶ … entrepreneurship ? How badly owner business? Why? Why ? Why time?
Is entrepreneurship for me? How badly do you want to be an owner of your own business?
Why? Why not? Why not at this time?
An entrepreneur gets to create his or her own enterprise from the ground up. He or she gets to set the rules and policies of the company, rather than has to follow them like a company employee. If the business succeeds or fails, it is largely on the founder's shoulders. The entrepreneur gets to select a business model he or she feels passionately about, rather than simply 'punch a clock' to get a paycheck. While there is the unfortunate potential for great losses if the business fails (and many do) there is also the potential for great rewards, if the business is a success.
An entrepreneur must be creative -- first to frame the business concept, and then find ways to fund it and manage it. He or she must think creatively how customers interact with the product or service. New businesses must think in terms of 'value added' -- the values the new product or service can add to their customer's lives. An entrepreneur must break new ground and satisfy a profound, unmet need -- or else, the new enterprise will not survive. An entrepreneur is always working 24/7, and can never really take a vacation since the business 'is' his or her creation...
I want to own my own business because I wish to have the creative satisfaction of seeing an idea I authored come to fruition, profit, and grow. Going into business is more than making money. It is also a great source of personal satisfaction. A good business serves its customers as well as its owners. Truly great enterprises become integral parts of consumer's lives. Think of how a neighborhood pizza becomes the place where families celebrate milestones, teenagers hang out and everyone watches sports events. People line up for hours, even days, for the new form of Apple technology, because they identify so strongly with the product. My good friend's day is not complete unless she gets her Starbucks' fix.
The time is right for me to begin my own business. At present, I have no family to support and I am still young and have a great deal of energy. I am able to take risks at this juncture of my life, which is an important component of growing a flourishing business. Later on, I may have obligations to children or a spouse which force me to take a steadier, conservative and consistently-paying job, but…
Global Business Cultural Analysis: JAPANAbstractThis paper primarily examines the global business culture evaluation of Japan and its repercussions on businesses. Communication, ethics, social structure, attitude, values, and religion are some of the cultural aspects that leverage Japan's business activities. Modulation and complexity substantially typify communication in Japan. A person's way of dressing, communication, and presenting themselves significantly influence business negotiation. The Japanese ordinarily gratify communal unity and hard work to
Accounting for Partnerships Advanced Accounting Partnership is a legal business relationship between two or more people who agree to do business for the purposes of earning profit. It is considered as the most appealing option in setting up a new small scale business and growing it with the passage of time. In this business relationship, all the partners share profits and losses in an agreed ratio while assign the decision making powers
Organizational Change In late 2003, FedEx announced the acquisition of Kinko's, the chain of office stores, for $2.4 billion. In part, the deal was a response to the purchase of Mailboxes, Etc. By UPS two years previous. The Kinko's deal with clearly a response to that move, but there were also some perceived synergies for FedEx. The customers of Kinko's tended to be small businesses, many of which overlapped with FedEx's
Pharmaceutical industries have to operate in an environment that is highly competitive and subject to a wide variety of internal and external constraints. In recent times, there has been an increasing trend to reduce the cost of operation while competing with other companies that manufacture products that treat similar afflictions and ailments. The complexities in drug research and development and regulations have created an industry that is subject to intense
Managing All Stakeholders in the Context of a Merger Process Review of the Relevant Literature Types of Mergers Identifying All Stakeholders in a Given Business Strategic Market Factors Driving Merger Activity Selection Process for Merger Candidates Summary, Conclusion, and Recommendations The Challenge of Managing All Stakeholders in the Context of a Merger Process Mergers and acquisitions became central features of organizational life in the last part of the 20th century, particularly as organizations seek to establish and
Small Business' Need for a CPA One of the critical investments a small business can make to mitigate loss and risk is hiring a CPA and putting that CPA on the 'management team.' As Wells notes in his groundbreaking research, "Denise, a bookkeeper for a small trucking firm in Birmingham, Alabama, wishes she had never heard of Ralph Summerford, CPA. Because of his thoroughness, Denise is facing several years in prison