Essay Entrepreneurship - Starting Your Own Business

Entrepreneurship defined by Jeff Cornwall at Belmont University is, â€Å"A process of identifying, evaluating, seizing an opportunity and bringing together the resources necessary for success.† (www.belmont.edu) There are a wide variety of risks when it comes to starting and running your own business, just some of them are: under capitalization, poor management, market misjudgment, and lack of planning. Lack of planning and under capitalization go hand-in-hand because if you don’t properly plan your strategies and what you would like to do in the future of the company you are trying to start, then you aren’t going to be able to afford it. Like when someone says â€Å"Just looking!† while searching for a car, you put yourself in a weaker position†¦show more content†¦Working under this kind of prejudice might rule some people out of choosing an entrepreneurial life style, however, there are some people who find working under such conditions fun be cause they can try to prove how not everyone follows those shady tactics. â€Å"Tenacity, street smarts, the ability to pivot, resiliency, inspiration, and the willingness to accept risk†¦Ã¢â‚¬  (www.actionmba.org, 2010) Are personality traits you should have to be successful in the world of entrepreneurship. There will most likely be times during your endeavor that people will give up on you, your idea, or both and you should have the drive to back up your goals no matter what. You should be able to pivot according to where the market goes and have the ability to be successful and innovative in a wide spectrum of situations. On the flip side, some people believe that you don’t necessarily need to be born with such traits to become a great business owner; all it takes is some practice to love and nurture these traits so that they become just like habit! Or maybe all you need is one of these traits that can be linked to others so that you can pick them up quickly†¦ Further studying needs to happen before we can know for sure but for now we do know that if you are strong and motivated, then little will be able to stop youShow MoreRelatedEntrepreneurship Should Be Aware At The World Of Entrepreneurship Essay1531 Words   |  7 PagesALTHOUGH OWNING A BUSINESS HAS MANY BENEFITS AND PROVIDED MANY OPPORTUNITIES ANYONE PLANNING TO ENTER THE WORLD OF ENTREPRENEURSHIP SHOULD BE AWARE OF ITS POTENTIAL DRAWBACKS Introduction:- Entrepreneurship is defined as the practice of beginning a new trade or reviving an existing business, for capitalizing on fresh opportunities. The statement were analyzing today is all about entrepreneurship. The author here is trying to explain that like every coin has two sides, entrepreneurship also has benefitsRead MoreBusiness School At Washington University Essay944 Words   |  4 PagesDescribe your interest in entrepreneurship. Please include any past experiences in innovation and entrepreneurship: Ever since I was a young child I always wanted to create the next newest and biggest invention. For example, when I found out the creator of Jibits for crocs (those small plastic accessories that go into the holes of crocs sold her company to crocs for millions of dollars. It was such a simple idea, but also so creative and innovative. I was hooked on the idea of creating a productRead MoreMy Interest in Studying Entrepreneurship835 Words   |  4 Pagesfollow was entrepreneurship. Entrepreneurship is increasing in popularity as many more countries and organizations are trying to get their youth engaged at an early age with entrepreneurship with the express purpose of ensuring that innovation and entrepreneurship will thrive in the future (Mark). I want to become a successful entrepreneur because it has always been a dream of mine to become self-employed. I believe I have the leadership, passion, courage, vision, and persistence to start my own businessRead MoreThe Importance of Ent repreneurship Essay1180 Words   |  5 PagesEntrepreneurship Term Paper â€Å"Entrepreneur is defined as a person who starts a business and is willing to risk loss in order to make money.† (Merriam-Webster.com) Since before the Great Recession, economists have recognized how important entrepreneurship is to the health of the U.S. economy. (Strangler) â€Å"There are four benefits to the U.S. from entrepreneurs risk-filled but successful efforts. Entrepreneurs (1) use innovations to improve the quality of life, (2) create new jobs, (3) improveRead MorePersonal Statement : My Own Company1257 Words   |  6 Pagessophomore at Villanova University in the business school, I am still trying to figure out the path I want to take in terms of my career. Currently I am in the marketing department, but one thing I am interested in is entrepreneurship. The idea of starting my own company is very intriguing to me, and that is why I choose to speak to Tom Greenwood. Mr. Greenwood is my mother’s friend, he was previously invested in real estate before he decided to open his own business, a winery and bistro in my home townRead MoreEntrepreneurship Is A Vital Element For Invigorating Monetary Development And Employment Opportunities1361 Words   |  6 Pageshappened in the last decade has made entrepreneurship and even innovation that become an integral part of its, important in countries. When the states began to transfer production to the private sector in the market conditions, private sector tended to be more entrepreneurial. When the increase of knowledge production, distribution and use supported this, entrepreneurship began to come to the fore. The meaning of entrepreneurship, starting one’s own business was established by Richard Cantillon inRead MoreDesigning A One Stop Shop For Aspiring Entrepreneurs918 Words   |  4 Pagesone-stop shop for aspiring entrepreneurs who need assistance into building their business form the ground up. This application main task is to assist users in the steps of getting their business off the ground giving them access to tips, tools, and resources that will allow them to successfully start a business. The application will be called â€Å"The Startup† since it’s assisting users in starting up their own business. The target users for this application are for particularly for college studentsRead MoreEntrepreneurship, Franchising and Small Business.1460 Words   |  6 PagesIntroduction to Business Assignment #01: On Chapter #3 #4 Chapter #3: Entrepreneurship, Franchising and Small Business. 09. Why would a person want to own a franchise of a major well-known franchisor? 10. What is an intrapreneur? Why do some firms encourage intrapreneurship? Chapter #4: Social Responsibility and Business Ethics. 09. Why is insider trading illegal? Chapter#3: Entrepreneurship, Franchising and Small Business Question #09: Why would a person want to own a franchiseRead MoreThe Teachability Dilemma of Entrepreneurship1296 Words   |  6 Pagesrisk for the sake of a business, but also they provide our economy with employment opportunities and culture. A society can only be prosperous only when it rewards and encourages entrepreneurial activity because in fact, it is the entrepreneurs and their activities that are the critical factor for success, prosperity, growth and opportunity in any given economy. Entrepreneurship is not easy and it comes with its own risks and up and downs. On the last decade, entrepreneurship has rose and expandedRead MoreEssay On Should You Get An Mba Before Launching Your Startup1202 Words   |  5 PagesYou Get an MBA Before Launching Your Startup? The Value of an MBA or Business Education in Today’s Competitive Arena for Entrepreneurship Engineers, self-made entrepreneurs and bootstrap enthusiasts believe that the right person with the right work ethic can succeed in business with a good idea activated at the right time. However, in todays complex, collaborative and highly technical business environment, a degree in business--or at least some strong business courses--can give you the knowledge

An Example Of Experiencing Fear - 1126 Words

Reflection #3 : Emotions Here’s an example of experiencing fear. You’re walking alone in the middle of night and you begin to hear footsteps mimicking your own pace and going in the same direction as yours, so your heart and thoughts begin to race, and you start speeding up. You’d like to run away as fast as possible but you don’t know if you should start running or not because you don’t know if the footsteps are indeed following you. The process of experiencing an emotion is simple. It first starts with an event or situation that we react to. Then we appraise (evaluate) that event or situation and if it’s deemed relevant an emotional response begins to occur. In addition, appraisal isn’t always a conscious process, most of the time it happens in an instant and automatically. The process of appraisal stimulates an emotional response which consists of physiological, behavioral/expressive, and subjective changes. Once these emotional responses occur, they can be reappraised to experience new emotions in attempt to regulate the emotion. For instance, the emotion of fear can be reappraised into embarrassment after you find out that the person following you was just heading towards the same destination as you were and they were just as scared because something creeped them out. The emotion of fear is a basic emotion along with disgust, anger, happiness, sadness, and surprise. Changing the emotion of fear into an emotion like embarrassment is considered a self-conscious emotionShow MoreRelatedClassifications for Anxiety Disorders Essay579 Words   |  3 PagesAre you or do you know someone, experiencing panic attacks or anxiety attacks? If so, it is important to be familiar with what these terms mean. Individuals frequently use panic and anxiety together, however; there are significant differences in the two and understanding the difference will make it easier to comprehend the relationship. Phobias are irrational fears that create interference within an individual’s daily routine. There are individuals who suffer from a phobia linked to pretty muchRead MoreDescribing all Phobias, but Particularly Coulrophobia and Monophobia1153 Words   |  5 PagesIn this paper I will be describing phobias and fear, but more specifically coulrophobia (the fear of clowns) and Monophobia (the fear of being alone). I also will describe possible causes of phobias, the history of phobias, how fear is helpful in small amounts, what fear does to someone and how to defeat it. Fear is present in all people but some more than others and I would like to know why. The definition of a phobia is â€Å"an extreme or irrational fear of or aversion to something†. Phobias are neverRead MorePostnatal Depression ( Pnd ) Essay1295 Words   |  6 Pagesreport fear of stigma, especially the stigma of being labeled a bad mother. This fear can lead to denial of symptoms and avoidance of help s eeking behavior (Bilszta, Ericksen, Buist, Milgrom, 2008). Women are even reluctant to disclose distress to significant others and family members (Bilszta et al., 2008). Further, women seem to have minimal accurate education about PND and when to seek medical services (Bilszta et al., 2008). Women with PND are at-risk and vulnerable to experiencing both socialRead MoreCase Study : Anxiety Disorders857 Words   |  4 PagesDSM-IV (American Psychiatric Association, 2013). The brief case study did not address how long or how often the client had been experiencing the symptoms. To accurately diagnosis a person with Panic Attack Disorder it is necessary for the individual to have experienced physical symptoms along with the one of four concurring behavioral symptoms. Behavioral symptoms examples: individual has a persistent worry of the attack happening again or exhibits a significant change in behavior related to the attacksRead MoreHow Phobias Affect People And How Can Overcome Their Phobia883 Words   |  4 PagesPurpose: At the end of my speech, the audience will know how phobias affect people and how to overcome their phobia. I. Introduction a. Imagine being so afraid of something that you try everything in your power to avoid it. For example, someone who fears spiders is not going to walk that trail that leads into a wooded area and you can almost guarantee that the person who isn’t too fond of heights isn’t going to walk across that tall bridge. If you ask these people why they won’t partake in theseRead MoreThe Emotional Effects Of Of Ptsd1531 Words   |  7 Pagespresent as a lack of interest in activities that used to be enjoyed (anhedonia), emotional deadness, distancing oneself from people, and/or a sense of a foreshortened future, for example, not being able to think about the future, make future plans or believing one will not live much longer. At least one re-experiencing symptom, one avoidance symptom, two negative changes in mood or thinking, and two hyper arousal symptoms must be present for at least one month and must cause significant distressRead MorePhobias And Its Effects On Phobia s925 Words   |  4 Pagesphenomenon where an organism has a distinct fear of a particular event or object. Phobias can not only be a biological instinct but rather a conditioned emotional response as well. Though, there has been some argument on what causes phobia it is generally accepted that phobias both stem from biological input and environmental experiences. The first reference to phobias was done by Hippocrates, who wrote about one of his patients having an extreme fear over something that others would deem to beRead MorePost Traumatic Stress Disorder ( Ptsd )1352 Words   |  6 PagesPost-Traumatic Stress Disorder is a condition that people develop after experiencing something traumatic. In Santiago PN et al 2014, there is about 8.7% of people who have PTSD affecting their lives. Traumatic experiences include childhood sexual contact, extreme violence, rape, torture, war, and the loss of loved one. After someone experiences any of these events, fear often triggers PTSD. Fear causes split-second changes within the body as a defense mechanism to avoid any danger to the body. InsteadRead MoreManaging Symptoms of Anxiety Essay504 Words   |  3 Pagesreal, as well as, extremely scary for the person experiencing the attack. The symptoms often mimic those experienced during a heart attack, for instance: extreme sweating, blood pressure an d heart rate go sky high, nausea and headache. Add these physical symptoms to the psychological symptoms and the individuals anxiety attack is in full swing. It is imperative for the individual to realize they can take control of their anxiety. When experiencing an anxiety attack it is difficult to comprehendRead MoreThe Physical Effects of Fear875 Words   |  4 PagesFear is an emotion that most everyone is familiar with. The psychological effects of fear are readily apparent but many people are unaware of the physical effects. Some of these are major; others are so minor they go unnoticed. The philosopher Jiddu Krishnamurti who lived during the 20th century said â€Å"What is needed, rather than running away or controlling or suppressing or any other resistance, is understanding fear; that means, watch it, learn about it, come directly into contact with it. We are

Antibiotic Sensitivity Lab free essay sample

Why is it an important feature of antimicrobial agents? Selective toxicity is the ability of a chemical or drug to kill a microorganism without harming its host. Selective toxicity is important to microbial agents because it enables these agents to inhibit or kill a microorganism by interacting with microbial functions or structures different from those of the host thereby showing little or no effect to the host. B. What are broad and narrow spectrum antimicrobials? What are the pros and cons of each? Broad spectrum antimicrobials are drugs that are effective against a wide variety of both gram positive and gram negative bacteria. Narrow spectrum antimicrobials are effective only against gram negative bacteria. Pros and cons of each: Narrow spectrum microbial is normally better to use because they cause less damage to the bodys normal flora. They are less likely to cause drugs resistant strains of microorganisms because they are specific in nature and are less likely to cause super infection by opportunistic microorganisms like yeast infections. We will write a custom essay sample on Antibiotic Sensitivity Lab or any similar topic specifically for you Do Not WasteYour Time HIRE WRITER Only 13.90 / page The main disadvantages are that Narrow spectrum microbial sometimes is more prone to allergic reaction to the host. Broad spectrum antimicrobials on the other hand also have their own advantages in that they are able to deal with more than one kind of bacteria and as such one does not have to use drugs indiscriminately reducing chances of allergic reactions and drug toxicity. The main disadvantage is that they cause more harm to the bodys normal flora. C. What is direct selection? Direct selection is the selection of antibiotic-resistant normal floras in an individual whenever this individual is given an antibiotic. This process is normally accelerated significantly by either improper use or the overuse of antibiotics. D. What is the difference between an antibiotic and an antimicrobial chemical? Antibiotics are substances that are produced as metabolic products of one Microorganism which are able to inhibit or kill other microorganisms. Antimicrobial chemicals are chemicals that are synthesized in a laboratory and can be used therapeutically on microorganisms. E. What is the mode of action for each of the following: a. acitracin: works by inhibiting peptidoglycan synthesis in actively dividing bacteria which normally results in osmotic lysis. b. nystatin: exerts its antifungal activity by binding to ergosterol found in fungal cell membranes. Binding to ergosterol causes the formation of pores in the membrane. Potassium and other cellular constituents leak from the pores causing cell death. c. tetracycline: exert their bacteriostatic effect by inhibiting protein synthesis in bacteria. This antibiotic prevents transfer-RNA (tRNA) molecules from binding to the 30S subunit of bacterial ribosomes. . ciprofloxin: Contains agents that inhibit one or more enzymes in the DNA synthesis pathway F. Describe three mechanisms by which microbes might become resistant to the action of an antimicrobial drug? Microbes may become resistant by producing enzymes that will detoxify or inactivate the antibiotic such as penicillinase and other beta-lactamases. Microbes may also alter the target site in the bacterium to reduce or block binding of the antibiotic in the process producing a slightly altered ribosomal subunit that still functions but to which the drug cant bind. Microbes may also prevent the transport of the antimicrobial agent into the bacterium thereby producing an altered cytoplasmic membrane or outer membrane. G. Why do you think neglecting to finish a prescribed course of antibiotics might contribute to the rise of antibiotic resistance? If you dont finish the medication, all the bacteria causing the infection may not be killed. Then, the infection could come back in that same place or even show up somewhere else. When the bacteria are undertreated, some of them may have enough time to have these mistakes occur in their DNA. Then, when they multiply, you get a bunch of bacteria that no longer respond to the antibiotics. H. What is a tube dilution test? How is it used to determine susceptibility? Tube dilution test is one of the tests that can be used to tell which antimicrobial agent is most likely to combat a specific pathogen. This test is conducted by preparing a series of culture tubes where each tube contains a liquid medium and a different concentration of an antimicrobial agent. These tubes are then inoculated with the test organism and then incubated. After the incubation they are examined for growth.