Introduction to Entrepreneurship Essay Example | Topics and Well Written Essays - 1500 words

Introduction to Entrepreneurship - Essay Example He or she does so with the drive to get profits, but they must also be bold enough to bear the risks that go with doing business. An entrepreneur may have employees or may work independently. What inspires me to Learn from Successful Entrepreneurs? What inspires me to learn from successful entrepreneurs is the qualities they posses that makes them successful. Their characteristics include â€Å"creativity, dedication, determination, flexibility, leadership, passion, self-confidence, and â€Å"smarts† (U.S. Department of State/Bureau of International Information Programs, 2012, p. 2). Creativity: this is the driving force behind invention of new products or creating new ways to do business. Successful entrepreneurs possess this quality and by looking at what they did you can come up with your own invention or improve on what they did. Sisamos, the owner of Engino.net Ltd, says that the beauty of being an entrepreneur is that you create your own destiny (European Commission, 20 09, p. 55). Dedication: It is what makes the entrepreneurs to work hard. Looking at successful entrepreneurs, they are always working. They created a new idea and they have to make it work. Looking at their lives, you can gauge yourself if you are ready for the undertaking. Determination: this is the inbuilt desire of an entrepreneur to succeed. He or she is not discouraged by failure and persistently keeps trying until he or she succeeds. Learning from them is of great value because it encourages one not to give up in the business undertaking. Flexibility: this is the ability to respond to the changing market trends. Learning from the lives of successful entrepreneurs, you will find that some of them at one time had to change products/ services or introduce new products /services. Their success story prepares you for any eventuality when starting a business and to be prepared for change. Passion: successful entrepreneurs have the ability to convince others about their vision. They are focused, and it is important to look at their plans in order to become a successful entrepreneur. Self-confidence: successful entrepreneurs believe in themselves. They plan thoroughly to reduce uncertainty and risk. They listen but they are not easily swayed. This is a character that is admirable among the entrepreneurs. â€Å"Smarts†: this is a combination of common sense, knowledge, and experience in a similar or related business undertaking. The main contributors of smarts are employment, skills, and education. We can learn a lot from the â€Å"smarts† of various successful entrepreneurs. To me, entrepreneurship is a mix of many elements; however, one has to be inventive in order to venture into this field; he or she has to do a thorough market study to see what lacks in the society and come up with an economic activity that will help close that gap. An entrepreneur is majorly a creator and also a destroyer: by creating a new way to do things one may render old methods obsolete. He or she would have helped one group while rendered another group jobless. Biography of Anita Roddick In this biography, I am going to look into the life of Anita Roddick and single out the entrepreneurship characteristics in her. These characteristics include creativity, dedication, determination, flexibility, leadership, passion, self confidence, and â€Å"smarts†. Anita Roddick was born in Littlehampton in 1942 (Bio, 2012). Her