Entreprenuership

When starting a business of your own, you have responsibilities of bookkeeper, manager, salesperson and secretary all at the same time. Even if he or she has staff that can carry out their own responsibilities, an entrepreneur must be a founder of new ideas and supervise the situation in the company to make it a success. Those who take a challenge, become an owner, a boss and a judge of their own life. The way of being a boss is for people who know that talent of entrepreneurship is not given to you at birth but rather it is what you can develop by working hard and relentlessly tr

Between 1998 and 2000, his business had revenues from $2.6 million to $4.8 million

Now, GC Micro stands as one of the leading software and hardware suppliers for defence and aerospace industries, she has 28 employees and a sales of $34 million last year.

2. And they get a lot of satisfaction and self-motivation when succeeding.

Some people think that one can easily make big bucks by inflating prices, yet in reality taken that your field is highly competitive; you would have to compete against established companies and almost fight for customers. Quality versus price will be the main factor in your customers’ decisions.

Good example is Dr. Allan W.B. Gray. At the age of 22 he completed education and applied to Harvard, USA, to complete his MBA in 1963. After that Allan joined Fidelity Management and Research Company in Boston, USA working with well-known US investment professionals such as Peter Lynch and Gerry Tsai. Allan assumed a position of Portfolio Manager of $500 million value. Being a person who always takes challenges and sees opportunities, Allan went to Bermuda in 1989 and started Orbis Investment Management Limited with $67 million under management in 1990. By the end of 2001, Orbis had about $1.4 billion in equity portfolios and ranks number one over the past 10 years of all off-shore equity funds with a compound annual return of 17.3%, outperforming Johannesburg Stock Exchange that has only about 11% per year.

Gillian Murphy, leader of San Joaquin Delta College Small Business Development Center, says: "An entrepreneur is not static but fluid...continues to seek opportunities and/or different methods of operation. When I think of someone with 'an entrepreneurial spirit,' I think of a person who will do whatever it takes to be successful in business, e.g., A former client wanted to open a business in a specific strip mall. However, there were no vacancies. He sought out a business that didn't appear to be very healthy. The business owner agreed to my client's suggestion of dividing her premises, leaving her with reduced rent, inventory needs, and general operations. In turn, my client "found" a location where he could operate his business!"

Some topics in this essay:
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