Business Plan-the Entrepreneurial Decision Process

Business Plan-the Entrepreneurial Decision Process

  • Submitted By: candyjar25
  • Date Submitted: 02/01/2009 5:57 AM
  • Category: Business
  • Words: 2275
  • Page: 10
  • Views: 1998

Nature and Importance of Entrepreneurs

Some people say that the successful entrepreneurs are in-burn nature, not something that can be made. But, some people disagree, they say that good entrepreneurship is a talent or a skill that can be learned and nurtured. The entrepreneurship and innovation are the central to the creative process in the economy and to promoting growth, increasing productivity and creating jobs. The desire to create and also grow a business requires an entrepreneur have the combination of the following: ambition, dream, talent, vision, energy, timing, the ability can see the possibilities that other people cannot see, the start actions on these possibilities and a bit of luck.

Starting a business is not easy, tenacity, perseverance and courage are other characteristics for a successful entrepreneur. The entrepreneurs also need to have a high level of tolerance for risk; they must be willing to take risks that others would not take. They must work around the company if they must, for examples acting not only the CEO of the company, but also the manager of the sales, manager of the finance or whatever else it takes to get the job done. And they also have to believe in themselves, they need to be prepared to pick up the works and start all over again if they didn’t succeed at the first time.

The entrepreneurs or entrepreneurship are not only good for themselves but also good for the whole economy. The most importance of an entrepreneur is that they can help the economy to creation of new job, and this is one of a major contribution to the economy. Another is innovation and research and development, new inventions can improve the economy because of they can provide better ways of doing tasks, and can also lead to new business that contribute to the economy. Entrepreneurs have has a major impact on the well being and strength of our economy because of these inventions. Entrepreneurs also can help on seeking business...

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