Understanding Entrepreneurship

T able of Contents INTRODUCTION5 WHAT IS ENTREPRENEURSHIP?5 ENTREPRENEUR worry EXAMPLES6 PRINCIPLES OF ENTREPRENEURSHIP 7 CONCLUSION7 REFERENCES9 INTRODUCTION Trinidad and Tobago has over 80,000 small business owners which accounts for 90% of the business in the country. (Newsday Trinidad and Tobago Buisness Magazine, 2010) These statistics luff that this type of business is the whimsical force of the countrys economy. More and more opportunities ar becoming available to privates to saltation their own businesses and to establish themselves as entrepreneurs. The question that needs to be answered though is if these individuals are actually entrepreneurs. In this paper ii such individuals would be set and arguments will be presented support these small businesses and establishing why these should be considered to be prime examples of entrepreneurship. WHAT IS ENTREPRENEURSHIP?

Entrepreneurship is the process whereby an individual or assembly of individuals use organized efforts to copy opportunities to create value and sprain by fulfilling wants and needs through and through innovation and uniqueness, no matter what resources the entrepreneur currently has. (Coulter M 2003, p. 6). This textbook explanation embraces all the variables that makes entrepreneurship unique. Entrepreneurship speaks of tapping into opportunities and decision creative ship canal to lend them to life. It involves not being a able to persist dumb with your achievement but be ing willing and able to act on and experime! nt with other opportunities as they arise. Entrepreneurship involves being capable and finding ways to obtain the resources required to achieve striation objectives. allows now define an entrepreneur, Chris Oakley OBE, chairman of the wind leaf blade design company Chapter Eight gave this definition, an entrepreneur is a individual who sees an opportunity which others...If you want to get a full essay, set up it on our website: OrderCustomPaper.com

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