Posted at 10.04.2018
Nobody can reject that money is really important in life, it can help us do whatever we like and a declaration is directed at discuss that all you need is money to be a business owner. I really do not totally agree with this declaration because of some reasons which essay will identify, indicate varying elements and show that money is not all because of its success. With evidence of reading and researching I think that as an entrepreneur need more things such as: the enthusiasm, potential and experience. The enthusiasm it can help you a solid motivation to use your ambition. Of course, an entrepreneur has to have good ability numerous fields; they'll run and deal with their business right route that they desire. Business always faces with many risks, is suffering from pressures around and a market leaders need overcome them quickly. Furthermore they need have impressive strategies and motivations for products & services to compete with other companies. Plus the other important things is experience, it will help a leader an overview about problems and troubles which brings many down sides for business are to work with you find suitable solutions. When experience has a tons, you can treat and control quick situations more exactly. Being an entrepreneur need many different elements to aid and money is not all. As Harold, G (n. d) said that: "In the business world, everyone is paid in two coins: cash and experience. Take the experience first; the cash should come later". We can see that money performs an important role but it doesn't make a decision everything and entrepreneur must have and combine all elements together, they will obtain the better effects to keep up and develop their business.
The enthusiasm which is thought as the power that can bring you more into what you do. I totally agree that the interest is the first factor which helps us strong motivations to receive the desire. You may get your individual satisfaction, financial goal, stable frame of mind and enjoyment using what you want to put into your business. So if you don't have any passion with jobs, you will be difficult to succeed in working your business. You must think of yourself as a business owner so you will have a deep responsibility with your alternatives. You learn how to organize and keep maintaining business through researching related resources and also have right guidelines as real experts. As we know Oprah W (n. d) is one of the most famous business people through her multimedia and publishing interests. She is called as queen of multimedia around the world. Her passion quotes was that: "Passion is energy. Feel the power that comes from focusing on what excites you" or "Ignoring your passion is similar to dying a sluggish deathPassion whispers to you through your feelings, beckoning you toward your highest good. Pay attention to what makes you feel energized, connected, stimulated- what provides you your drink. Do what you like, give it back in the form of service, and you will do more than do well. You can triumph" or Donald T (n. d) is one of millionaires with estimate "without passion you don't have energy, without energy you have nothing at all" or "There is nothing as important as enthusiasm. No matter what you should do with your life, be keen" of Jon Bon Jovi (n. d) is a famous musician, song copy writer. Through many famous prices of successful internet marketers agree that the passion is really important to help you follow the dreams and ambitions so passion is one elements to contribute and build a business owner.
Moreover to be a business owner need potential which is the next component, it is expressed numerous aspects such as: skills, knowledge etc. As Lou H (n. d) said that: "capacity is exactly what you're with the capacity of doing. Inspiration determines what you do. Frame of mind determines how you do it" or Donald K (n. d) has quote that "A man of capability and the desire to perform something can do anything". We can see the second element which is actually important is ability. Firstly if you have potential, you should understand how to run business right route based on your skills. You have to create the great ideas and evaluate them how to impact to your business. Your company ideas must be shown your goals, strategies; action steps and answers some questions such as: who is your customer? How is your business plans implemented? What exactly are my objectives, strategies, action steps to really get your goals? Can you think of ways to resolve problems? How much money can yours earn? etc( Tamara, M n. d) which means you must be a creative mind if you wish to be an business people. Always think of costs, production time, productivity and quality of products or services which bring benefits for yours. You need to devote some time, calculation, describe fine detail about your products or services which can meet customers. You must assess about market, demand and offer in order to you can give impressive strategy to contend with other competition. With your ideas shareholders will be thinking about investment their money and bring many opportunities to develop yours.
With problems and troubles, you are not in a position to forecast outcomes which can occur to your business so an entrepreneur need know how to face with taking risks and suffering from pressures around. You always have to keep in mind a sentence: "Failure is the mother of success" to take experiences and discover getting over them. Many businesses experienced serious problems however they did not know how to maintain theirs and their businesses were closed down. So you should build business programs effectively and reduce dangers. Being truly a success entrepreneur you will need be brave to handle with benefits, research more to find the good alternatives. Furthermore an entrepreneur is an self-employed person to make decisions independently. You do not feel to hesitate of rejection from other colleagues. And a leader need have capability to persuade employees, companions, and customers in order to support for your business plans whether challenges may happen for you.
Besides, an entrepreneur needs identify opportunities for your business with steps such as: spotting, evaluating, selecting and performing upon opportunities. You need to be able to identify an unmet need which is potential for business. After showing off unmet need, you need analyze these to evaluate and determine marginal success of money and recruiting. Next thing is selecting opportunities which play an important role to get success and the previous step is executing Upon Opportunities which step is blended among creativity, love, persistence, target, responsibility, intelligence, planning and energy. A business owner has to understand how to use and select opportunities to allow them to maintain and develop working day by day (private, n. d). In addition a leader should build a network system for business because nowadays technology takes on a significant role in the management and endless information. It helps business revise and package with any problems quicker, just as well as save time for everyone in business. Another benefit of technology is sure that it gives you to monitor progresses and helps limited hazards (Tamara, M n. d ). As we realize Steve job is one of the fathers of the personal computing period and the creator of Apple. He has price in 1996 that: "These technologies can make life easier, can why don't we touch people we might not otherwise. You might have a kid with a birth defect and also speak to other parents and organizations, get medical information, the latest experimental drugs. These things can profoundly influence life. I'm not downplaying that" or Bill, G (n. d) said that: "information technology and business have become inextricably interwoven. I don't think anybody can discuss meaningfully about one minus the talking about the other". Two of famous entrepreneurs highlight how technology is important running a business as well as life nowadays.
The third element is experience which is recognized as the nature of happenings someone or something has been through with any careers provides for you different skills such as : sales, marketing or management. . . You have to face with people, difficult situations which you need to think of presenting the best ways to support for your business. However if you don't have much experience running a business, the limited information about market, sales, firm, management etc you'll be waste of time, give bad alternatives. On compare if you have experience, you will run yours right course, understand problems and deal with problems quicker. Of course an entrepreneur really need much experience in order to get to talk with employees and answer all given questions. Doing work with experience you will show your potential, passion, interest, assurance and it will give you a good understanding of your strengths and weakness. As Tom K (n. d) quote that: "there are no failures- Just encounters and your reactions to them" or Donal T (n. d) said that: "Experience trained me a couple of things. One is to hear your gut, no subject how good something appears on paper. The second is that you're generally better off keeping what you know. And the 3rd is the fact that sometimes your very best investments are the ones you don't make". Everyone needs experience with each field, it can help us overcome difficulty easier and limit risks. Moreover a business owner with much experience will be useful in selecting and recruiting employees in order to provide good human resources for yours through some steps such as: Planning includes: composition, focus, identity, make; Implementation includes: contact, inspire, evaluate and the last step is closure which includes : select, offer, candidate becoming a member of (private, n. d). With each step your business will recruit many suitable employees for each and every necessary position in company.
Furthermore, if a business owner has much experience, he will build good romantic relationship with partners or customers easier. As Expenses, G (n. d) said that: "Our success has really been based on partnerships from the very beginning" relationship in business is actually important for each and every company and just having experience can guide you to handle good associates. The partners will keep your business going and cooperate together in order to develop, bring benefits and contend with other companies. A good business relationship has clarified tasks, expectations as well as how to cooperate effectively such as: investment, competition and production products or services.
Entrepreneur is actually a person who runs a firm or business. They funding or make decision which belongs to operation of business. All important problems such as: company, arrangement, open up new jobs of business need be allowed by an entrepreneur and they need to find solutions when facing with the potential risks and disadvantages. An entrepreneur has to forecast opportunities, make ideas and manage the business enterprise to be able to bring benefits and gain profits for theirs. We are able to see under platform of the Entrepreneurial Personality which helps more elements to be a business owner. They include: inner locus of control, high dependence on achievement, average risk taking propensity. An entrepreneur must have capacity to run business, reduce risks and drawbacks (both Jekyll, I 2005). You often feels of ideas, progressive strategies as well as how to implement them to get achievements for company in future.
http://www. westga. edu/~distance/ojdla/summer82/hild1. gif
Figure 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 Draw Zuckerberg who set up networking site that has widened around the world: Facebook as well as Ceo and chief executive of the business, he's one the youngest billionaires on earth. Mark Zuckerberg was created in a standard family but he proved his cleverness from an early on time and was interested in computer programs. Along with his passion he found its way to Palo Alto in order to use in college, founded a social-networking site and created Facebook which is used popularly nowadays. From his child years, he really encouraged in computer and by pursuing his desire he got achievement noticeably. His father said that Symbol Zuckerberg'passion helped him be considered a successful entrepreneur therefore the passion plays an important role to obtain the desires for anyone. Aswell as Tag Zuckerberg Oprah Wfrey is well-known as the queen of mass media around the world however she was created in a poor family stayed with her grandmother in Mississippi. She undergoned so many problems in her child years but with her interest and ability she set up her first discussion show which was called "people are communicating" in 1976 as well as did the trick as anchor and media reporter. With her ability, enthusiasm personality, enthusiasm she broadened some programs such as: The Oprah Winfrey etc. Besides with her experience she released two publications: O, the Oprah magazines, O at home and extended her business as well as a partner of Air Media, a cable connection channel. Inside the recent 12 months, Oprah Winfrey is list as one of famous enterprisers over the world and became the first Africa-American billionaire girl. All her successes get today because her interest, capability and experience that assist her have strong desire to succeed. With these evidences, we can see that as an entrepreneur need include many elements and been subject to difficult period get success like the.
Based on elements which are reminded above we can see that money is not absolutely all to be an entrepreneur. As an entrepreneur need have many varying elements to aid for operating their business. This essay describes and reveals varying elements and demonstrates just money is not enough to become an entrepreneur. These elements are known such as: the enthusiasm, ability, experiences of a business owner with the purpose proves to be always a good entrepreneur need gather many faces. They learn how to realize a synopsis about problems and troubles which brings many disadvantages for business to find appropriate solutions. As Oprah Winfrey has estimates that: "how do you define success? Without a doubt, money's very nice. But having big money will not automatically make you an effective person. What you would like is money and meaning. You want your projects to be significant, because meaning is what brings the true richness to your daily life" The majority of successful business owners have undergone difficulty and get their desire with the enthusiasm, potential, experience and significant money. And one more time I wish to assert that being an entrepreneur needs many different elements to be sophisticated and build a successful business in future.