This website uses cookies to ensure you have the best experience. Learn more

Not Easy But Rewarding: Entrepreneurship Essay

1747 words - 7 pages

A famous quote by the late Peter Drucker reads, “The best way to predict the future is to create it.” Per the New Merriam-Webster Dictionary an entrepreneur is a person who creates, organizes, and operates a business or businesses, taking on a greater than normal risk in order to do so. It is unknown who actually started the first business on the records but it stated to be in the year 527 AD when it was created. The details about the business are not specified either but it was solely resembled a funeral home. According to Forbes; a leading Internet media company, is among the most trusted resources for the world's businesses and investment leaders, in the last six years there are over thirty-eight million people who have become entrepreneurs and over twenty-two million businesses. Most entrepreneurs try to stress to aspiring entrepreneurs that being an entrepreneur is not a cakewalk, but instead can be quite tedious. Even though there are advantages and disadvantages of being an entrepreneur, the advantages usually outweigh the disadvantages. These advantages and disadvantages relate to the cash flow, freedom of time and flexibility of ones schedule, and potential networking opportunities.
Forbes sat down with some of the most successful entrepreneurs and they told the reporter that the best thing about their duties is the cash flow that their business brings them. One of the most successful entrepreneurs is Microsoft’s creator and owner Bill Gates, who brings in the most cash according to the Forbes 400 richest persons list. His name tops all the other names with a net worth of 77.8 billion dollars. As stated on a net worth is the amount by which assets exceed liabilities, which is usually used to determine around how much money a person has. Bill Gates averages $15,458,333 per day and an annual salary of $3,710,000,000. Bill Gates and his childhood friend Paul Allen created the business in 1975,because they believed that a computer would be a useful tool in the office and at home. Microsoft took off immediately with its business in 1978. The business’ year-end sales exceeded 1 million dollars. Twelve years after Gates founded his business in 1987 he became the worlds youngest billionaire at the age of 31. Because of Gates’ booming business and because he is his own boss he has the power to create is on schedule and he more than likely finds his self having much more free time than the average person. Gates ability to be flexible, free, and to be able to bring in a steady cash flow is what makes his company such a success.
Statistics say people prefer to work independently. This is because, people don’t want to follow rules of the people they work for. Having a boss can be antagonizing because if you and your boss do not get along then you might be assigned with the most tasks and can be very stressful. Generally people who don’t get along with their bosses do not enjoy their jobs or work in a comfortable work...

Find Another Essay On Not Easy but Rewarding: Entrepreneurship

Entrepreneurship and Success Essay

1104 words - 4 pages I believe that being Entrepreneur is an American dream; who would not want to choose their own hours and have a successful business that they could leave behind as a legacy? I also believe that they are very few people that have the skills and qualities to be successful at achieving entrepreneurship; this is partly due to many Entrepreneurs lacking the skills to build around their vision. I thinks that’s why some people believe that

Creative writting Essay

2431 words - 10 pages directly linked with their working input. Entrepreneurship leads to introduction of new goods with new quality and value. Their innovativeness introduces new ways of production and new markets that have not been exploited. It is through entrepreneurship that new source of supply are discovered and creation of new business organisations that directly affect the economy. Creation of new business opportunities through entrepreneurship, productivity

The Readiness for Entrepreneurship Training Project

916 words - 4 pages necessity entrepreneur. In contrast, opportunity entrepreneurship is the result from recognizing opportunities. Based on the Global Entrepreneurship Monitor (GEM) database, he concludes that all entrepreneurship does not contribute to economic development. Necessity entrepreneurship is not helpful for economic growth, while opportunity entrepreneurship can drive economic development. Thus, economic growth is determined by the ratio of necessity

Crytical analysis

1244 words - 5 pages people who has close relation to the topic of creativity and entrepreneurship. I am going to compare different opinions with their advantages and disadvantages by providing examples and real scenarios from the life. In this essay I am not going to use any primary data due to the reason of time shortage of the task. Literature Review and Critical Analysis This chapter investigate the relevant literature on the topic of essay. Before starting a

Entrepreneurship in Australia

1193 words - 5 pages factors including governmental policy and institutional environment. It is evident that governmental policy can intervene in the economy, thereby controlling entrepreneurial activities. Parker (2006, 9) points out that governmental policy and institutional factors are more efficient in Australia, compared to Sweden, because not only are Australian’s incomes more flexible, but also Australia has a smaller government, lower tax and social security

Corporate Social Responsiblity

2320 words - 10 pages IDEA of local innovation and entrepreneurship, but it appears to be a cheaper option to use international suppliers."Local is Lekker", a South African term that means 'the things close to home are often the best.''Local' can be defined as 'Relating or restricted to a particular area or one's neighbourhood' (, 2014). There are many advantages to local purchasing. Firstly, and most importantly, it allows for a positive flow of

A Brief Biography of Entrepreneurship

2174 words - 9 pages 1. Introduction In times of crisis, the economy needs new ideas to bring about a change to reactive safely the economy and provide more confidence to the customers. Entrepreneurship plays an important role in the sustainable growth in the economy performance. Innovation and creativity have been never easy, however, in a globalized world that is struggling to recover from a major economic crisis, they play a vital role to recover the


1725 words - 7 pages improvement. The impact of work in this field could create a significant impact not just in the academic realm, but it could reach practitioners and beyond. FUTURE RESEARCH The most promising opportunity for future research is gaining a better understanding of the distinctive structure of the mission, processes, and resources within a social entrepreneurial context. In addition, further evaluation of existing theories used in entrepreneurial


957 words - 4 pages Model of Strategic Entrepreneurship Numerous authors who pioneered this concept, emphasize the strong relationship of business and management strategies (Meyer and Heppard, 2000, Hitt et al, 2002; Gundry and Kickul, 2007th, etc.). In the concept of strategic entrepreneurship, the link between entrepreneurship and strategic management is clear and logical. It is clear that entrepreneurs should have certain managerial skills and knowledge to

Information and Communication Technologies (ICTs) and Youth Entrepreneurship

2979 words - 12 pages cent of all unemployed persons globally are young women and men and 660 million young people will either be working or looking for work in 2015. Therefore, not addressing the issues young people face today can result in adverse economic consequences in the future. ICTs make a huge impact on the economic & social environment of the youth through entrepreneurship and employment opportunities. In this context, a major goal of UNESCO pertains to

The Life of an entrepreneur

1883 words - 8 pages Qualifications to become an entrepreneur can be attained through many colleges, but education is not necessary to be qualified. One can start a business and be successful through their own intuition and skill. Steve jobs only attended college for one semester, then dropped out. Yet, Apple is now one of the most profitable companies in the world. If one chooses to go to college, some elite schools for entrepreneurship include the College of

Similar Essays

Defining The Entrepreneur: Their Impact In Our Society And Educational System

1471 words - 6 pages entrepreneur really is and what they do to keep our economy working. I would also discuss the impact and importance entrepreneurs have on our society. Entrepreneurship is not an easy field to understand and master. One of the obstacles top universities face today is accepting the fact that teaching students with real life experiences is more valuable rather than just preparing them with business administration courses. I will use this research to

Entrepreneur And Economic Development Of Nigeria: Problems And Prospects

1615 words - 6 pages means that Entrepreneurship is a factor for economic advancement of a Nation. But entrepreneurs cannot strive if the Government of the day does not put in place the enabling Law for growth of entrepreneur and infrastructure that would make growth of businesses seamless.Companies like Dangote group, Globacom network, Oando etc have in no small way contributed to the GDP of Nigeria. These companies have presented formidable challenges in their

What Do You Understand To Be The Concept Of Entrepreneurship And Why

1461 words - 6 pages direction and/or combination of productive inputs. Entrepreneurs usually are considered to bear risk while pursuing opportunities, and often are associated with creative and innovative actions. In addition, entrepreneurs undertake a managerial role in their activities, but routine management of an ongoing operation is not considered to be entrepreneurship. In this sense entrepreneurial activity is fleeting. An individual may perform an

The Teachability Dilemma' Of Entrepreneurship Essay

1901 words - 8 pages in any given economy. Entrepreneurship is not easy and it comes with its own risks and up and downs. On the last decade, entrepreneurship has rose and expanded, with this change and constant expansion, it has changed the rules of entrepreneurship once again. But I certainly believe that entrepreneurship doesn’t necessarily require all entrepreneurs to have the same level of education, perhaps they don’t need to be geniuses or have an active idea