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Entrepreneurs Research Paper

1382 Words6 Pages

Task 1
Introduction
Entrepreneurs are persons who manage capital, land, labour, and cost of capital for manufacturing and selling the products for earning profits (Gasparski, 2011). Entrepreneurs indulge in business because they expect to earn high profits from the business. The Entrepreneur is also defined as a person who follows business actions in the industrial world. These persons have a scarcity of resources, yet ready to take risks to earn high profits. As everyone knows that to start up a business a person needs resources, capital, and manpower which are key elements to start any business.
An Entrepreneur is a person who tries to minimize the risk in the business and to maximize the profits (Wiley, 2012). For every entrepreneur, there …show more content…

And in today’s world, Entrepreneurs are defined as the persons who possess passion in them and have a quality, which can give you an edge over your competitors. Now there is high competition in every business so the persons with passion will have a great zeal to work. It is said that with great passion, a person can build a successful business. According to (Iversen, Jorgensen and Moller, 2008) there are some important qualities which must be possessed by the entrepreneurs like risk bearing, formal authority, innovation, desire for having responsibility, control, want to achieve, ambitious, self motivated, …show more content…

2008. Ben Franklin: America 's Original Entrepreneur. Entrepreneur Press.

Schweikart, L. And. Doti, L. P. 2009. American Entrepreneur: The Fascinating Stories of the People Who Defined Business in the United States. AMACOM Div American Mgmt Assn.

Fayolle, A. Lyon, E. N.d. Entrepreneurial Opportunity [Online]. Available at: http://lexicon.ft.com/Term?term=entrepreneurial-opportunity [Accessed on: 30 October 2014]. Iversen, J., Jorgensen, R. And. Moller, N.M. 2008. Defining and Measuring Entrepreneurship
Foundations and trends in entrepreneurship. Now Publishers Inc.
Clark, T. and Chan, S. P. 2014. A history of Tesco: The rise of Britain 's biggest supermarket [Online]. Available at: http://www.telegraph.co.uk/finance/newsbysector/retailandconsumer/2788089/A-history-of-Tesco-The-rise-of-Britains-biggest-supermarket.html [Accessed on: 30 October 2014].
Barclays, n.d. From its founding by Quakers to a worldwide banking giant [Online].
Available at: http://www.historyhouse.co.uk/articles/barclays_bank.html [Accessed on: 30 October 2014].
Google. Google History [Online]. Available at: http://www.cozy-digital.co.uk/history-of-google-cozy [Accessed on: 30 October

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