Understanding Entrepreneurship

T able of Contents INTRODUCTION5 WHAT IS ENTREPRENEURSHIP?5 ENTREPRENEUR vexation 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 cause force of the countrys economy. More and more opportunities ar becoming available to various(prenominal)s to saltation their own businesses and to establish themselves as entrepreneurs. The question that needs to be answered though is if these individuals are genuinely 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 assemblage of individuals use organized efforts to copy opportunities to create value and mother 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 translation embraces all the variables that makes entrepreneurship unique. Entrepreneurship speaks of tapping into opportunities and determination creative ship canal to cultivate them to life. It involves not being a able to persist nonopera tional with your achievement but being willi! ng and able to go after and experiment with other opportunities as they arise. Entrepreneurship involves being capable and finding ways to obtain the resources required to achieve striation objectives. permits now define an entrepreneur, Chris Oakley OBE, chairman of the wind web 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, rank it on our website: OrderCustomPaper.com

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