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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 dictionary.com 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...

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