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Entrepreneurship
One of the biggest lessons that I learned this past semester was with respect to business models. I had never given this much thought to the types of business models before. Thus, it was interesting to see the different ways that a company can structure its business, and from where it can derive profits. Understanding about concepts like value propositions and customer segments will be important for me going forward. There are more different business models than I had conceived, which for me made this one of the most interesting things that I learned this past semester.
Another thing that I learned this past semester was how to put together a pro forma financial statement. Pro-formas are the statements that you produce as a theoretical exercise; they often appear in the business plan. But the pro-formas are basically a garbage in, garbage out exercise; with a little bit of work they can be an incredibly valuable component in business planning. Thus, it is beneficial to avoid making mistakes. It was also interesting to look at the different methods for creating pro-formas. These are different from how financial statements are put together from an accounting perspective (based on T. accounts), and learning this different techniques will likely reduce the amount of time and energy it takes to produce pro-formas in the future, without sacrificing accuracy.
Part 2. Entry #1. Creativity is one of the hardest things to foster in a business. It is important for you to understand that you need to do whatever...
Your business will be better for it. There are a number of different techniques for generating creative ideas. I will share some of the ones that worked for me.
I have usually found that there are two ways of thinking. There's this business side, and a creative side. The environment in which each works best is different. Find the place that works best for creative thinking and do it there, rather than assuming you need to generate ideas at the office. The key to creativity is learning from experience your creativity drivers and indulging in them -- that's the only way to generate creative ideas is to take creative people and do whatever gets them into a creative headspace.
Entry #2. It is important to establish goals for oneself. Goals provide a sense of focus, and sometimes writing down goals is a useful exercise. If nothing else, writing down goals and publishing them on a blog creates a control. Once my friends have seen it, they will ask me about it. That's control. With that in mind, I present my goals for the coming year.
The first thing that I want to do is to finish school. I have worked hard for this, and I look forward to taking the next step. That next step for me is the CPA exam. I have looked at my career options, and see the CPA as my pathway to success. It will be hard work, especially coming straight out of school, but I am determined that I need to complete the CPA exam by the end of the year.
Entry #3. Sometimes we think about life as these…
Throughout the 1990s decade however, the South Korean labor force changed to raise new challenges, such as the aging of the population, the declining rates of the young population, and the resulting shortage of skilled labor force. In such a setting then, the vocational training system was extended to promote lifelong training for the employees, and this took the form of the Vocational Competency Development Program. Despite the advances made, much
Regardless, he has no idea what others are talking about but is willing to admit it (Cohn, 2011). Hawk views everything as amazing in regards to how his life turned out. He wonders how he got there with moments like this at times. Tony learned of self-confidence along the way, which helped him to use skateboarding as his life. Furthermore, he is able to incorporate diversity and tolerance into his
trait theories of entrepreneurship, we can gain a better understanding of the differences between entrepreneurship and other economic forms. Key to this understanding is examining the traits of serial entrepreneurs to see how they approach the issue of risk. When human civilization first development, most goods were produced at a subsistence level, and this was the sum total economic activity -- there was no money and no profit. Over time,
Failure in Business Ventures Entrepreneurs, firms' success, and failure factors are a subject of extensive research over many years. It is necessary for entrepreneurs and organizations to understand both the internal and external motivational factors that may lead to success or failure of a business venture. A business in the startup level encounters various barriers and challenges. It is the task of the entrepreneur or the managing board to decide
The management layer helped keep all the local leadership in line. Here, the case study states that: entrepreneurship was in the company's DNA. But professional management practice had been needed for the company to deliver increasingly large and complex projects" (Williams & Davis, 2011, p 13). It became more and more important to focus on strategies that would structure the company to efficiently operate, while continuing to foster the
Creative Business Practices: Entrepreneurship Innovation and the Relevance to the Modern Organization The work entitled "Globalization of Social Entrepreneurship Opportunities" reports that entrepreneurship "...by new and established companies is a major source of wealth and job creation, economic and technological growth and social transformation. This transformation is made possible by the powerful forces entrepreneurship unleashes, where ordinary people conceive innovative ideas, organize production, assume risk, and engage customers to accumulate wealth