new venture setup that is usually at a small level initially

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ENTREPRENEURSHIP
[Type the document subtitle]
8/12/2019
Student name

ENTREPRENEURSHIP 1
Entrepreneurship
The processes through which an individual design, launch, and conduct a new venture setup that
is usually at a small level initially. However, it can be said that an individual perform the new
business setup with his original idea is said to the entrepreneurs. The business activity must be a
new, innovative and original concept that has not been established yet. Entrepreneurship is a
wide aspect, which includes learning. Entrepreneurship comes with positive as well as the dark
side for the entrepreneurs. The report will include critically evaluating a proverb that is you
cannot make an omelet without breaking eggs. The report discussion will include entrepreneurial
treats an attribute that will provide a different perspective and evidence from entrepreneur aspect.
The essay provides various sentiments of entrepreneurship (Baron & Mueller, 2016). Some of
the general characteristics that are observed in an entrepreneur are the vision of an entrepreneur
that lead him or her to reach out to the implementation of the idea. Other than this, creativity is
the major trait that seems to be essential to be a successful entrepreneur. There have been various
entrepreneurs who had turn out to be successful entrepreneurs, portraying a journey from failure
and problems faced in life. For example, Steve Jobs would be considered for the discussion when
it comes to entrepreneurship and success. Some other traits include tolerance of risk, as there is
no way a person is successful without taking higher risk. The persuasiveness, decisiveness,
flexibility, and motivation are other traits that lead to a higher pace of success for an
entrepreneur (Amabile & Rigolizzo, 2015).
The success is not too easy for an entrepreneur, as the evidence suggests that most of the
entrepreneurs fail way before their success. It has been observed that the growth of the economy
has a direct relation with the entrepreneurship development in the nation. The reason being the

ENTREPRENEURSHIP 2
GDP of the nation is influenced by the employability increased by the entrepreneurs by attracting
investing resources and investment in the nation, affecting the wealth of the nation.
entrepreneurship could be the largest attraction by most of the people, as they have seen the level
of success for various entrepreneurs but have not considered or observed the darker side of the
entrepreneurship journey, the way they have reached to this position in the economy. There is no
secret that the fear of failure is huge among the entrepreneurs, the reason being most of the
startups fails in the initial stage only (Coulson-Thomas, 2017). The key statistics of the
entrepreneurship, more than fifty percent of the ideas and startup venture fails within the initial
four years. The reason for the failure is generally the increased competition, as there is a large
competition in every industry today. However, eighteen percent of the startup also fails due to
the cost or pricing issues. Considering the primary source of income to be owned business by
6.02 percent of the people in the US (crowdspring, 2019). It suggests that the people in US are
interested in creativity and gaining money through their owned business or entrepreneurship and
that the location to set up the business is the major decision, which could lead to the success or
failure of the entrepreneur (forbes, 2019).
Entrepreneurs seem to be responsible persons that is they are liable for their own decisions,
achievement oriented, and are not interested in routine or repetitive work, as their traits are more
towards innovation and change. It can be said that the entrepreneur success factor includes not to
fear from the change as the change is essential for the improvement and sustain the business that
has been started up by the individual. The creative entrepreneur consists high energy level and a
high degree of imagination and perseverance that will be integrated together with calculated risk,
that will make them able to transform the elements to the way through the simple aspect in the
initial stage. The evidence also suggested that the purpose is clearly communicated by the