The Need Of Money To Be An Entrepreneur Business Essay

The Need Of currency To Be An Entrepreneur subscriber line EssayNobody goat pooh-pooh that specie is re tout ensembley outstanding in feeling , it suffices us do whatever we like and a statement is acquaintn to discuss that all you conduct is silver to be an enterpriser. I do non totally agree with this statement because of some reasons and this essay give describe, indicate distinct elements and prove that m geniusy is not all for its succeeder. With evidence of reading and researching I rally that being an enterpriser bring more things much(prenominal) as the heating plant, ability and live. The passion it give help you a strong penury to implement your ambition. Of course, an enterpriser has to brook comfortably ability with legion(predicate) palm they for fascinate run and fill in their commerce right worry which they propensity. Business always faces with m whatever put on the lines, suffers from pressures around and a leaders need stimulate over them quickly. Moreover they need have innovative strategies and motivations for products services to cope with other companies. And the other strategic thing is experience, it pull up stakes help a leader an overview about problems and troubles which brings some disadvantages for business are to assist you visualise suitable solutions .When experience has a strias , you can treat and lock sudden situations more exactly. Being an enterpriser need many distinguishable elements to swan and money is not all. As Harold, G (n.d) said that In the business ball, everyone is paid in two coins cash and experience. Take the experience first the cash for shoot come later. We can recover that money plays an important grapheme provided it doesnt decide everything and entrepreneur should have and agree all elements to restoreher, they leave behind get the better effects to maintain and break out their business.All you need is money to be an entrepreneur.The passion which is restraind as the energy that can bring you more into what you do.I totally agree that the passion is the first element which helps us strong motivations to get the craving. You can get your personal satisfaction, financial purpose, stable attitude and enjoyment with what you regard to prepare into your business. So if you do not have any passion with jobs, you will be difficult to succeed in running your business. You have to think of yourself as an entrepreneur so you will have a mystic responsibility with your choices. You learn how to organize and maintain business through researching link resources and have right directions as real experts. As we know Oprah W (n.d) is one of the most illustrious entrepreneurs through her media and publishing interests. She is called as hassock of media over the piece. Her passion quotation marks was that Passion is energy. Feel the power that comes from focusing on what excites you or Ignoring your passion is like dying a slow term inalPassion whispers to you through your feelings, beckoning you toward your highest veracious. Pay attention to what makes you feel energized, connected, stimulated- what gives you your juice. Do what you love, give it back in the form of service, and you will do more than succeed. You will triumph or Donald T (n.d) is one of millionaires with quote without passion you dont have energy, without energy you have nothing or Nothing is as important as passion. No matter what you motive to do with your life, be ablaze of Jon Bon Jovi (n.d) is a famous musician, song writer. Through many famous quotes of winning entrepreneurs agree that the passion is really important to help you follow the dreams and ambitions so passion is one elements to contri providede and shape an entrepreneur.Moreover to be an entrepreneur need ability which is the indorse element, it is expressed with many aspects much(prenominal) as skills, knowledge etc. AsLou H (n.d) said that ability is what youre up to(p) of doing. Motivation determines what you do. Attitude determines how sound you do it or Donald K (n.d) has quote that A man of ability and the desire to accomplish something can do anything. We can see the second element which is really important is ability. first off if you have ability, you will know how to run business right direction based on your skills. You have to create the great ideas and evaluate them how to involve to your business. Your business plans must be shown your goals, strategies action stairs and answers some questions such as who is your customer? How is your business plans implemented? What are my objectives, strategies, action steps to get your goals? Can you think of ways to solve problems? How much money can yours earn? etc( Tamara, M n.d) so you must be a creative mind if you want to become an entrepreneurs. Always think of costs, pay prison term, output and quality of products or services which bring benefits for yours. You need to accede tim e, calculation, describe detail about your products or services which can settle with customers. You have to analyze about market, demand and supply in pitch to you can give innovative strategy to compete with other competitors. With your ideas investors will be interested in investment their money and bring many opportunities to develop yours.With problems and troubles, you are not able to forecast consequences which can run into to your business so an entrepreneur need know how to face with fetching risks and suffering from pressures around. You always have to remember a sentence failure is the mother of mastery to take experiences and run a risk how to get over them. many a(prenominal) businesses had serious problems but they did not know how to maintain theirs and their businesses were closed. So you should build business plans effectively and overturn risks. Being a success entrepreneur you need be brave to face with pros, research more to find the good solutions. Furt hermore an entrepreneur is an independent person to make decisions on their own. You do not feel to be afraid of rejection from other colleagues. And a leader need have ability to persuade employees, partners, and customersin regulate to endure for your business plans whether challenges will happen to you.Besides, an entrepreneur needs report opportunities for your business with steps such as spotting, assessing, selecting and executing upon opportunities. You must be able to spot an unmet need which is potential for business. After sporting unmet need, you need analyze them to assess and determine marginal success of finance and sympathetic resources. Next step is selecting opportunities which play an important role to gain success and the last step is executing Upon Opportunities which step is combined among creativity, passion, persistence, focus, responsibility, intelligence, planning and energy. An entrepreneur has to know how to take and select opportunities for them to ma intain and develop business mean solar day by day (anonymous, n.d).Moreover a leader should build a meshwork system for business because nowadays technology plays a major role in the management and un extra information. It helps business update and deal with any problems more quickly, exactly as well as save time for everyone in business. Another advantage of technology is sure that it allows you to monitor progresses and helps limited risks (Tamara ,M n.d ). As we know Steve job is one of the fathers of the personal computing era and the founder of Apple. He has quote in 1996 that These technologies can make life easier, can let us touch passel we might not otherwise. You may have a child with a birth mistake and be able to get in touch with other parents and support groups, get medical information, the latest experimental drugs. These things can profoundly exercise life. Im not downplaying that or Bill ,G (n.d) said that information technology and business are becoming inext ricably interwoven. I dont think anybody can confabulation meaningfully about one without the talking about the other. Two of famous entrepreneurs emphasize how technology is important in business as well as life nowadays.The third element is experience which is known as the nature of events someone or something has undergone with any jobs will bring for you diametric skills such as sales, marketing or managementYou have to face with concourse , difficult situations which you need to think of giving the scoop up ways to support for your business. However if you do not have much experience in business , the limited information about market, sales, organization, management etc you will be waste of time, give bad solutions. On contrast if you have experience, you will run yours right direction, understand problems and deal with problems more quickly. Of course an entrepreneur really need much experience in order to get to speak to employees and answer all given questions. Doing wo rk with experience you will show your ability, passion, interest, confidence and it will give you a good concord of your strengths and weakness. As Tom K (n.d) quote that there are no failures- Just experiences and your reactions to them or Donal T (n.d) said that Experience taught me a a couple of(prenominal) things. One is to listen to your gut, no matter how good something sounds on paper. The second is that youre generally better off sticking with what you know. And the third is that sometimes your best investments are the ones you dont make. Everyone needs experience with each field, it helps us get over difficulty easier and limit risks. Moreover an entrepreneur with much experience will be useful in selecting and embarking employees in order to provide good human resources for yours through some steps such as homework includes structure, focus, identity, prepare Implementation includes contact, motivate, evaluate and the last step is closure which includes select, affir m , candidate joining (anonymous, n.d). With each step your business will recruit many suitable employees for each necessary position in political party.Furthermore, if an entrepreneur has much experience, he will build good relationship with partners or customers easier. As Bill, G (n.d) said that Our success has really been based on partnerships from the very beginning relationship in business is really important for each company and just having experience can assist you to superintend good partners. The partners will keep your business going and cooperate unitedly in order to develop, bring benefits and compete with other companies. Agoodbusinesspartnership has clarified responsibilities, expectations and how to cooperate effectively such as investment, competition and manufacture products or services.Critical use.Entrepreneur is known as a person who runs a company or business. They finance or make decision which belongs to operation of business. All important problems such a s organization, arrangement, open new projects of business need be allowed by an entrepreneur and they need to find solutions when facing with the risks and disadvantages. An entrepreneur has to predict opportunities, make plans and manage the business in order to bring benefits and gain profits for theirs. We can see under framework of the Entrepreneurial personality which supports more elements to be an entrepreneur. They include internal locus of control, high need for achievement, moderate risk taking propensity. An entrepreneur must have ability to run business, reduce risks and disadvantages (both Jekyll, I 2005).You often thinks of ideas, innovative strategies and how to implement them to get achievement for company in future.http//www.westga.edu/distance/ojdla/summer82/hild1.gifFigure 1 Framework of the Entrepreneurial Personality(Source signed DLA 2005 proceedings, Jekyll Island, Georgia, June 5-8, 2005).And One clear example about a successful entrepreneur is Mark Zuckerb erg who set up networking site that has widened over the world Facebook as well as Ceo and president of the business, he is one the youngest billionaires in the world. Mark Zuckerberg was born in a normal family but he showed his intelligence from an early age and was interested in data processor programs. With his passion he arrived in Palo Alto in order to impose in college, established a social-networking site and created Facebook which is used popularly nowadays. From his childhood, he really inspired in computer and by following his desire he got achievement noticeably. His father said that Mark Zuckerbergpassion helped him be a successful entrepreneur so the passion plays an important role to get the desires for anyone. As well as Mark Zuckerberg Oprah Wfrey is well-known as the magnate of media over the world however she was born in a unforesightful family stayed with her grandmother in Mississippi. She undergoned so many difficulties in her childhood but with her passion and ability she established her first talk show which was called people are talking in 1976 as well as worked as anchor and news reporter. With her ability, enthusiasm personality, passion she expanded some programs such as The Oprah Winfrey etc. Besides with her experience she published two magazines O, the Oprah magazines, O at home and extended her business as well as a partner of Oxygen Media, a cable channel . In the recent year, Oprah Winfrey is rank as one of famous entrepreneurs over the world and became the first Africa-American billionaire woman. All her achievements get today because her passion, ability and experience which help her have strong motivation to succeed. With these evidences, we can see that being an entrepreneur need include many elements and undergone difficult period get success like the.Conclusion.Based on elements which are reminded above we can see that money is not all to be an entrepreneur. Being an entrepreneur need have many contrastive elements to support for running their business. This essay describes and indicates different elements and shows that just money is not enough to become an entrepreneur. These elements are referred such as the passion, ability, experiences of an entrepreneur with the purpose proves to be a good entrepreneur need collect many faces. They know how to realize an overview about problems and troubles which brings many disadvantages for business to find suitable solutions . As Oprah Winfrey has quotes that how do I define success? Let me tell you, moneys pretty nice. But having a lot of money does not automatically make you a successful person. What you want is money and meaning. You want your work to be meaningful, because meaning is what brings the real malodorousness to your life Most of successful entrepreneurs have undergone difficulty and get their desire with the passion, ability, experience and meaningful money. And one more time I want to assert that being an entrepreneur needs many diffe rent elements to be complex and build a prosperous business in future.