View Full Essay Words: It will help to define the study of entrepreneurship in a way that has not happened before, and it will also help to stop those who are studying anything and everything under the guise of entrepreneurship from wasting time and resources that should rightly go to those researchers who are truly interested in how entrepreneurship works, what it is about, and how people who choose to get into it actually figure out their goals and make their choices. Reflection rom a personal opinion point-of-view, I think that this is a good article and that it has a lot of good information in it. The researcher is right in that others have talked about this issue in the past and discussed the different ways that assumptions can come into the…… [Read More] From a personal opinion point-of-view, I think that this is a good article and that it has a lot of good information in it.
Select network Entrepreneurship is a bold venture for any Entrepreneur essays to get involved in, and creating a successful business requires a massive amount of effort in terms of undertaking.
In this sample essayour expert writers respond to a prompt that asks the student to craft a unique business idea and discuss related market factors. Entrepreneurship and business ventures Over the next several decades, technological advancements will likely create more jobs in the respective industry throughout the country.
Yet while the tech industry may be the most lucrative for prospecting entrepreneurs, others, such as food and beverage, can also expect steady growth over the next several years. For this fictional study, I will plan the building of a large bar in a major metropolis alongside four friends.
Although the Entrepreneur essays industry is very appealing to both myself and other contemporary entrepreneurs, it is important to begin my business career doing something that will generate steady return before moving on to other projects. Market expansion Firstly, the market is ripe for expansion in the food and beverage industry and appeals to me as a stepping stone toward other business endeavors, thus making it easier to grow the business quickly and expand my personal wealth.
After the Great Recession ofAmericans increasingly spent their money on moderately priced forms of entertainment like the theatre instead of taking expensive vacations or going to high-priced sports events. With the economy still lingering forward, this trend will only continue in the future.
Hence, our bar will be part of a growing niche market: This affordability will my business partners and I leverage in the future; due to stagnant liquor prices, there will always be an interest in going out to bars.
Furthermore, it has always been a passion of mine to be somewhat of a host to guests, and offering a great environment for people to enjoy themselves would be personally rewarding.
While the company name would not be discussed until the final stages of the project, I would opt to take into consideration our location and potential clientele before committing to a brand name.
Because the bar scene offers an array of possibilities for owners — dive bars cater to those in search of cheaper, affordable drinks while cocktail lounges cater to those in search of a more luxurious evening out — the name and market to which our bar will serve will require devout research in the industry.
Entrepreneur should progress towards franchisement The business has a great chance of becoming successful. To start, our marketing strategy involves one day potentially franchising the idea and brand.
While many of our competitors create individual locations for their customers, we have the idea of expanding the scale and product of our business to a wider population.
Should we be successful in creating this niche brand, it is feasible to think that we can net several millions of dollars per year in profit.
The company will be set up like a corporation. Businesses which tend to recognize the strengths of every one of its components tend to be the most successful; we will structure an LLC in which titles are created and job duties and expectations made clear Ferrell Because there needs to be final decisions made in companies, it is prudent that while every founder receives the same money for their input and investment, they are not all equal behind the scenes.
Such a company would struggle to move forward with a long-term agenda. During our first year of business, we expect that we will gross around one million in gross sales. TThis is a much bigger margin than other industries, especially clothing and retail.
Totaling these numbers up, we may generate more than one million in sales; however, because it is our first year of business, we are expecting turbulence and potential problems arising. By the end of our second year of business we expect to be profitable.
Obviously, that is merely a reasonable calculation; however, after studying other businesses in our industry and looking at the margin for immediate growth amongst young people in a large metropolitan area, we believe it is feasible to think we could expand so quickly.
We look forward to pursuing this endeavor. There is a great opportunity for growth in this market.
Works Cited Ferrell, O.The entrepreneur generally decides on the product, acquires the facilities, and brings together the labour force, capital, and production materials.
If the business succeeds, the entrepreneur reaps the rewards of profits; if it fails, he takes the leslutinsduphoenix.com://leslutinsduphoenix.com Entrepreneur Editor-in-Chief Jason Feifer has five book and magazine recommendations for you in August, including stories from Malcolm Gladwell, Chuck Klosterman and Danica Patrick..
Whether you. Free narrative papers, essays, and research papers. Narrative Memories, Life History, And Identity - Trouillot argues that this social process of narrating history makes us all amateur historians, learning more of our training and knowledge from likewise amateur historians than from the more recognized academic channels (Trouillot ).
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At the age of nineteen, high school diploma in hand, Leonard Gentine knew two things: he wanted to own a family business that would pass from generation to generation.
Top Successful College Essays. Get into the college of your dreams! We hope these essays inspire you as you write your own personal statement. Just remember to . Aug 25, · An entrepreneur is a person who takes on risks and seeks to create an ongoing business by coordinating resources, raw materials, time and materials to create a valued product or service.