An entrepreneur is somebody who organizes, manages, and assumes the risks of a business or enterprise. Entrepreneurship is the method of discovering new ways that of mixing resources.
2. Patrick Henry Entropic
Patrick Henry Entropic ,the successful
entrepreneur is the Co founder of Questfusion
and GroGuru based in San Diego.
He is a senior Executive with more over 25 years
of experience in many highly technological
companies i.e. about 13 years as CEO and about
16 years as Senior Executive Manger. He always
brings a practical, disciplined, collaborative, and
focused on the problem-solving approach to the
executive table
3. Entrepreneurship
An entrepreneur is somebody who or
ganizes, manages, and assumes the
risks of a business or enterprise.
Entrepreneurship is the method of
discovering new ways that of
mixing resources. Once the market
price generated by this new
combination of resources is
bigger than the market value these
resources will generate
elsewhere one by one or
in another combination,
the businessperson makes a profit.
4. Entrepreneurial process
The
Entrepreneurship method wi
ll be expressed as a group of
procedures and
methodologies that are
followed by entrepreneurs
for establishing a brand
new business or venture. All
the phases within
the entrepreneurship metho
d have sure meanings and
functionality; that one shoul
d path and pursue
for putting in a venture.
5. The whole procedure of entrepreneurship
is disbursed into four stages:
1. Idea generation
2. Decision making and business planning
3. Project creation
4. Management and control
6. 1. Plan generation
The entrepreneur begins
to surprise why there's not obtainable a
product or service, why not
improve sure things, the way
to generate financial gain to hide their
expenses, etc.Thousands
of queries may rise, so that
they can facilitate to spot opportunities to
fulfill the market desires. In previous
years, there have been not enough quantity of
products and services. it absolutely was a
touch bit easier to position a
business, but currently it needs a
research for data and market research to
visualize the likelihood of success.
7. 2. Decision making and
business planning
A juncture within
The entrepreneurial process is deciding to
start out the
project. Move and keep actuated are the
main factors for the entrepreneur to start
out landing his plan. Asking what resources
are required and wherever he can get
them, is important to get at least a
way forward for the entrepreneur.The
development of the business set up will
mark only a guide which will be used as
reference.
8. 3. Project Creation
The project is conducted when the entrepreneur
decides to seek and obtain resources. Getting
financiation is difficult, and perhaps one of the
main obstacles to start a business.
9. 4. Management
After having experience the primary months of
operation, the corporate can see if it decreases,
maintains or will increase in sales.
The enterpriser ought to try to take care
of revenue growth before
worrying regarding having a pleasant workplace.
Managing a
business isn't straightforward, however the expe
rtise that entrepreneurs acquire over
time can sure enough ease the handling of all
resources.