Entrepreneurship: Motivational Factors and Analysis of Jamie Oliver

Entrepreneurship

Table of Contents
Entrepreneurship..............................................................................................................................1
INTRODUCTION...........................................................................................................................3
MAIN BODY...................................................................................................................................3
CONCLUSION................................................................................................................................8
REFERENCES................................................................................................................................9

INTRODUCTION
Entrepreneur, which refers to an individual who starts a new venture and the basis of
business is innovation. In relation with this the process if setting up business and then operating
the business is known as entrepreneurship. This report includes entrepreneurship of Jamie Oliver
who is a British chef and restaurateur. This report further includes what are the motivational
factors that force and insist individual to become entrepreneurs. These factors are self-reliance,
money, innovation, need to bring change and social associations. These factors have been
analysed from different disciplines namely, psychological, sociological and economical. Various
disciplines includes different factors of motivation and showcase importance of these factors in
entrepreneurial motivation.
MAIN BODY
An individual who creates a new business is known as entrepreneur and efforts and
process that are required to establish and manage business is known as entrepreneurship. There
are various factors that motivate individuals to start and run a new business instead of
contributing efforts to already established business. Entrepreneurship requires entrepreneurs to
bare all the risk and also allows to enjoy all the benefits. Entrepreneurs are in many forms
identified different from businesspersons as they are known to be innovator and posses strength
to take risk and confidence that their vision is realistic, and they will be able to achieve their
vision. This report includes discussion over entrepreneurship of Jamie Oliver, who is a chef and
restaurateur from UK (Kuratko, 2016). He started his career as a pastry chef at Antonio
Carluccio's Neal street restaurant. As it was said earlier that entrepreneurs are different from
other businesspersons in case of Jamie Oliver this is fact as Oliver started learning and practising
cooking from very young age and another factor that contributed most was that his parents were
engaged in running a restaurant that recommand that background also contribute in
entrepreneurial motivation. That developed an interest in cooking in Jamie Oliver, and he started
learning to cook and later also pursued professional,education in this cooking. Entrepreneurship
which is generally interchanged with business to justify the difference in both of them features of
entrepreneurship have been discussed below-
Vision- entrepreneurship starts with vision of the entrepreneur about market demand, future
businesses and socio-economic environment.