Hi everyone! how are u all ? Its me Rao Umar and I am steemit user and today I make a new article about Entrepreneurship!. If are u interested in Entrepreneurship topic so please u must read my article! and if u have any though and ideas about Entrepreneurship you must be share it.
(Topic Entrepreneurship)
Entrepreneurship:
Entrepreneurship is the act of being an entrepreneur, who starts any economic activity for being self-employed. Entrepreneurship is the “process of the entrepreneur”. It is an attempt to create value through recognition of business opportunity. It is basically communicative and management functions to mobilize financial and material resources.
Entrepreneur:
An entrepreneur is defined as “person in effective control of commercial undertaking; one who undertakes a business or an enterprise”. Entrepreneur is an innovative person who maximizes his profits by following new strategies or venturing into new products or services.
Definition:
The activity of setting up a business or businesses, taking on financial risks in the hope of profit.
Why be an Entrepreneur?
Making your own rules:
When own a business you get to be your own boss.
Doing work you Enjoy:
Since the majority of most peoples lives is spent working, why not spend that time doing something you enjoy
Creating Greater Wealth:
There’s no limit to what an entrepreneur can make.
Helping Your Community:
Being an Entrepreneur lets you make your community and world a better place.
(Risk of being an entrepreneur)
Potential business Failure:
Being fully responsible means the success or failure of your business rests on you.
Unexpected Obstacles:
Problems can happen that you don’t expect.
Financial insecurity:
Many new business don’t make much money in the beginning. So you may not always be able to pay yourself.
Long hours and hard-work:
It's not unusual for entrepreneurs to work a lot of extra hours to make their businesses successful.
Some successful Entrepreneurs:
Mark Zukerburg:
Concept of Entrepreneur
Risk Bearer.
Organiser.
Innovator.
Forms of Entrepreneurship
Social Entrepreneurship.
Business Entrepreneurship.
Techno Entrepreneurship.
Reasons why do we need Entrepreneurs?
90% of world’s jobs are created by entrepreneurs.
Problem solvers.
Source of new product and innovation.
Entrepreneurship some disadvantages
Will need to put in long hours.
Need money to start.
Have to keep up with government rules and regulation.
May have to mark hard decisions.
May lose money.
Entrepreneurship some advantages
You are your own boss.
Enjoy the profits from your efforts.
Sense or pride in your business.
Flexibility in your work schedule.
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