Entrepreneurship Essay Example | Topics and Well Written Essays - 1500 words - 2

Entrepreneurship - Essay Example Another reason is that someone gets fired or laid off from work and tries hard to get another job. After a year and a half of unemployment benefits now running out and no job in sight, a person has to resort to extraordinary measures to make money or lose the home, car and even the family in some cases. Times can get really hard for these people. Whatever the reason for my finally becoming an entrepreneur, there are certain principles of business and marketing that have to be consolidated first before even getting started. What will I be selling or promoting? That is the heart of my business and, whatever the choice, the product or service must stand out in some way to attract the attention of potential clients (Kiyosaki 2012). My idea is that I would like to start a photography and graphics business as I love digital photography and working with graphics to make unusual and original graphic art. The Entrepreneurial Personality The personalities of entrepreneurs will tend towards tho se who are willing to take risks in order to achieve a goal and I certainly have that characteristic. They also are willing to devise a plan on their own to build a product or service that others will need or want and to put it out there for the entire world to see and comment on. It takes a change of mindset from being an employee where one is told what to do and when to get it done (Kuratko & Hodgetts 1998). That change for me will not be hard to do. ... Entrepreneurial Risk Taker Fig. 1(DCTC 2010) Research must be done on how to proceed and that means finding out what others did and how they did it which is something I have already done. It is one thing to be in an office setting where everything is laid out and most of the hard part is already taken care. An entrepreneur now is in charge of not only developing the product or service, but also the funding, setting up the structure of a business, creating the financial system of operation, designing and building a website for promoting the product and finally, for ensuring its success in the marketplace. At some point, I will hire people to take care of the financial books and office work so I can create the art. All of this takes an organized mind, a lot of determination, a plan of the product or service and a planned structure of the business overall along with marketing procedures (Action Coach 2012). The person therefore, must have the strength and will to take risks, to get back up when falling down, to revise and redevelop as needed, and to study others who may be in the same field or genre of product and service. I have already made some mistakes but view these as a learning process before getting right down to creating my business. Ultimately, I view myself as strong, innovative, utilizing creative thinking in solving problems and always open to making changes for the better without going overboard. It is essential not to grow too fast but only enough that control is maintained over every part of the business (Action Coach 2012). The following table shows what the entrepreneur is typically responsible for within the structural framework of a