Entrepreneurship Risky Venture - 900 Words

Entrepreneurship is risky venture, because of the many facts that could affect its outcome, however a lot of people are willing to overcome those challenges hoping to become their own boss. Mr. Bahar, 31 years old, a gentleman from Sudan, who came to the United States in 2004, is one of the people who risk it all to start a home based start-up trucking company, (He runs it from his apartment in Fort Wayne, IN). In an interview I had with him, Mr. Bahar talked to us about his experience. When I asked Mr. Bahar about his background, He stated that he came to the United States in 2004 as a refugee from Sudan, He had to flee his hometown to survive, and once He got here, He joined the workforce right away, and started working odd jobs at first, then after a few months later, he went to factories ones, but then in 2007, he thought about doing something on his own, â€Å"I just want to have time for myself too. Because my schedule with overtimes was too overloaded, therefore I rented a li ttle shop in my neighborhood in Michigan City and used it to sell cheaper clothes, shoes, accessories for teenage girls, candies†¦etc.It was like a small version of a convenient store.† He said, but unfortunately the shop did not meet Mr. Bahar expectations either because the revenues was barely covering the expenses and the little profit left was not enough. After getting to a dead end, Mr. Bahar decided to get his CDL License in 2009 and started working for many big names on the field, such asShow MoreRelatedEntrepreneurship Funding: A Comparative Analysis of the Advantages and Disadvantages of Each Funding Option1411 Words   |  6 PagesIntroduction Entrepreneurship is a difficult road to travel and requires a great deal of resourcefulness and intuitive thinking. There are great risks associated with going into business on your own, but the payoffs can be extremely rewarding as well. What is most important on the path to entrepreneurship is the various sources of funding available. The purpose of this essay is to discuss the various funding sources that are available to entrepreneurs as they seek their project into materializationRead MoreCase Study : Developing And Running Business1373 Words   |  6 Pagesrapidly. Small ventures and newly established start-ups have become a very good solution to the customers in fulfilling their demands. In London recently innumerable business developing consultancy firms have been developed and most of these firms are performing amazingly well. Avanade, a London based firm, has been working efficiently with a vision of being a leader in digital innovator. As an employee of this firm I have been given the responsibility of investigating various ventures and start-upRead MoreTma B3221695 Words   |  7 Pagesseveral reasons .Peter Drucker has outlined seven sources of innovative chances or opportunities .I am going to identify them below. 1. Unexpected happenings, as a sudden event that can be a indication of a distinctive chance for innovating or entrepreneurship. 2. Incongruity, as the divergence between what everyone think of a thing and the reality of it , this difference can create an innovation. 3. Innovation born when a new process is needed is a chance to fill the gap and create something newRead MoreEntrepreneurial Skills and the Entrepreneurial Instinct 1387 Words   |  6 PagesSir Alan Sugar famously once said regarding entrepreneurship and entrepreneurial skills â€Å"The entrepreneurial instinct is in you. You cant learn it, you cant buy it, and you cant put it in a bottle. Its just there and it comes out† (Mail online, 2010). Surprisingly enough this is a view not shared by everyone. Whilst it cannot be denied that entrepreneurs are all ultimately unique in some way empirical evidence suggests that they all do share some common characteristics and skills, some of whichRead MoreInternational Economics And Trade On My Sophomore Year936 Words   |  4 PagesMy effort was paid when my manager showed appreciate on it. Apart from my academic performance, I am proud of my participation in business activities that have cultivated my entrepreneurship. In 2013, I joined the Enactus Team, an international non-profit organization, which offered me an opportunity to learn entrepreneurship whilst practicing. The first thing I learnt was how to optimize efficiency. To tackle poverty in Leiling Town, we had observed the mutual promoting relationship between lycheeRead MoreRunning Head: The Wisdom Of Capital1. The Wisdom Of Capital10.1671 Words   |  7 Pages822-0500 The Wisdom of Capital Introduction The entrepreneur’s vision, determination, and purpose become null-and-void without assets and capital (Mikic, Novoselec, Primorac, 2016). The nature of business is founded on the exchange of money. Entrepreneurship based on a theory of ideas ends in naà ¯ve failure. The wisdom to secure capital, assets, and fiscal resources increases the likelihood of success. Capital and Assets for the Entrepreneur Traditional avenues to secure financing have historicallyRead MoreFactors That Can Promote or Hinder Enterpreneurship1492 Words   |  6 PagesLIST AND EXPLAIN FACTORS THAT CAN PROMOTE OR HINDER ENTREPRENEURSHIP. Entrepreneur: An entrepreneur is a person who starts an enterprise. He searches for change and responds to it. A number of definitions have been given of an entrepreneur- The economists view him as a fourth factor of production along with land labour and capital. To put it very simply an entrepreneur is someone who perceives opportunity, organizes resources needed for exploiting that opportunity and exploits it. Computers, mobileRead MoreThe Success Of A Business Venture Essay1145 Words   |  5 PagesLast updated: 21 minutes ago History View files Plagiarism check .DOC .PDF AuthorLastName2 Name: Instructor: Course title: Date: Introduction When studied theoretically, entrepreneurship is a very interesting and awesome topic. People want to be free by becoming their own bosses. They also want to decide on their own working schedules by setting the hours they want to work, from what location, i.e. whether at home or at office and do the one thing that makes them feel accomplished. However, beingRead MoreThe Practice Of Entrepreneurship Through Time And The Global Enterprise1642 Words   |  7 PagesIntroduction The practice of entrepreneurship has existed throughout history with the definition advancing through time and the global enterprise. During the life of Marco Polo, entrepreneurship was defined as the practice of being the â€Å"go-between† (Arthur Hisrich, 2011, p. 2) in trade endeavors. Today, the definition includes: the development of ideas, comprehensive risk, commitment of time and resources, and vision with the overarching goal of holistic success and autonomy (Arthur Hisrich,Read MoreMatt Grant Case Study1230 Words   |  5 Pagesï » ¿Running Head: Matt Grant Case Study Brandee Pohlson Matt Grant Case Study Entrepreneurship Grantham University ABSTRACT Matt Grant is an ambitious businessman who has found himself at a critical life crossroad as he faces possible discharge from his corporate career while conceptualizing an innovative business endeavor. Trekking through a handful of failed corporate projects with the company he currently works for, he must decide whether he wants to play it safe and remain