entrepreneurs

Examples of entrepreneurs in the following topics:

• Key Characteristics of Entrepreneurs

  • Entrepreneurs must be willing to accept risk and failure.
  • Entrepreneurs often possess immense focus and energy.
  • Focus: The entrepreneur must be able to maintain the vision of the company with unwavering diligence.
  • Ironically, there are many successful entrepreneurs who get bored easily.
  • Passion: Entrepreneurs must have a desire to succeed in a business venture under their own initiative.

• The Impact of Business Owners on Success and Failure Rates

  • Entrepreneurs must be expert managers, capable of capturing value in team work environments.
  • Entrepreneurs not only accept this trade off, but embrace it.
  • Most entrepreneurs will experience many failures before they experience success.
  • Entrepreneurs often work very long hours; social activities may need to be sidelined at first while the entrepreneur gets the business going.
  • Entrepreneur Jim Shaikh shows Bob Neill MP the self-heating baby bottles behind his business.

• The Demographics of Modern Entrepreneurs

  • Entrepreneurs are catalysts for economic change.
  • There are entrepreneurs in all demographics and walks of life.
  • Organizations have even risen to service the ever-younger, emerging entrepreneurs.
  • The Young Entrepreneur Council (YEC) is an American nonprofit organization that provides entrepreneurs with access to tools, mentorship, and resources that support each stage of their business's development and growth.
  • Identify the demographic trends in modern entrepreneurs, and the factors which influenced them.

• Trends in Business Owners: Age and Gender

  • Entrepreneurs are catalysts for economic change.
  • There are entrepreneurs in all demographics and walks of life.
  • Organizations have even risen to service the ever-younger sector entrepreneurs.
  • The Young Entrepreneur Council (YEC) is an American non-profit organization that provides entrepreneurs with access to tools, mentor-ship, and resources that support each stage of their business's development and growth.
  • Explain how new technologies are allowing more young people and women to become entrepreneurs

• Introduction

  • Is an entrepreneur ultimately born or made?
  • We suggest you meet as many entrepreneurs as you can to see if this is how you want to spend your life; then decide if you want to train under these entrepreneurs as an apprentice.
  • Ironically, we have encountered many successful entrepreneurs who get bored easily...
  • However, it should be noted that a true entrepreneur would never rely on a survey to determine how worthy or ready they are to become an entrepreneur.
  • A true entrepreneur would simply begin implementing his or her start up idea.

• The Goals of Entrepreneurs

  • Most new entrepreneurs help the local economy.
  • Most new entrepreneurs help the local economy.
  • Entrepreneurs are their own bosses.
  • Entrepreneurs are their own bosses.
  • Most new entrepreneurs help the local economy.

• The business eco-system: Your path to finding the pot of gold at the end of the rainbow

  • People who start their own businesses are known as entrepreneurs.
  • So, if you think that you are unlikely to be an entrepreneur, please realize it is possible for you to become an entrepreneur and to, potentially, even become a very successful one.
  • Some of the most common characteristics of an entrepreneur include the following attributes:
  • Ironically, we have encountered many successful entrepreneurs who get bored easily...
  • Spirituality: We have found that successful entrepreneurs have often devoted time to spirituality development.

• Definition

  • Entrepreneurs commonly underestimate the impact of competition.
  • Entrepreneurs who do underestimate the impact of competition are failing to consider the fact that potential buyers are currently managing without the entrepreneur's product.
  • An entrepreneur opening a new restaurant in proximity to existing restaurants may be offering a heretofore unavailable national cuisine, but the entrepreneur still has many competitors.
  • Substitutes often exist for the entrepreneur's product.
  • Unfortunately for the entrepreneur, it is often the follow-on firms that are successful.

• Methods of evaluating competitors

  • An understanding of the industry and the key success factors for the industry allows the entrepreneur to assess the performance of competitive firms.
  • In many markets competitors will already be known to the entrepreneur.
  • The entrepreneur will need to collect more detailed information on his/her most immediate competitors.
  • Having collected information, the entrepreneur is in a position to make comparisons between his/her firm and the firm's immediate competitors.
  • The entrepreneur should pay particular attention to the management capabilities of his or her own firm and competing firms.

• Harnessing technology for global business success

  • As the case in the beginning of this chapter demonstrates there are economic, social, and political factors an entrepreneur faces when establishing their business.
  • For an entrepreneur, the Internet is a great tool for doing business both internationally and domestically.
  • For entrepreneurs facing this issue, phone, fax and SMS text messages are alternative ways in which to do business.