Entrepreneurship and Innovation: The Key to Success

Opportunity Innovation
and Entrepreneurship

Table of Contents
EXECUTIVE SUMMARY.............................................................................................................3
About Entrepreneur..........................................................................................................................4
Questions from Entrepreneur...........................................................................................................4
Analyse data and information..........................................................................................................5
Relate to the theory..........................................................................................................................6
Conclusion.......................................................................................................................................9
References......................................................................................................................................10

EXECUTIVE SUMMARY
Entrepreneurship and innovation go hand in hand. The entrepreneurs always come up
with some idea of innovation or creativity which is then turned by them into a business plan. It is
necessary for entrepreneurs to take risk along with running their business. The following report
discusses about one of such entrepreneur Matt Robinson. An interview with the entrepreneur is
conducted in order to understand his aspect on innovation and its importance for
entrepreneurship. The following report also discusses about the motivators for entrepreneurs.

About Entrepreneur
Entrepreneurship is when any business idea is converted into reality in order to make profits
from a company. Entrepreneurs are those people who are taking risk in order to earn profit from
new entrepreneurial enterprises. Entrepreneurs only focus on understanding various financial
benefits and developing ideas of products as well as services which might earn profit for them in
the business. In the following report entrepreneur Matt Robinson is studied (Dodgson and Gann,
2020). He is the owner of GoCardless organisation which is working for recurring payments of
businesses. Another business organisation started by Matt Robinson was Nested.The value of
business stands for more than £400, million and the growth rate of business is recommendable.
The business of Matt Robinson has two basic functions which are helping the seller to sell a
home as well as helping the buyer to buy their new house.
Matt Robinson was a law graduate who graduated from Oxford university. His achievements
in a short term with these major two companies which are worth 1 million now is remarkable. He
had a mindset of an entrepreneur of coming up with new ideas and bringing new opportunities
for the consumers in the market. Even after being a law student he worked on himself and
provided him with different business opportunities which might provide an edge over others in
the competitive world. While he started the business more than 60% of the properties in business
remained unsold. Even he had to face losses at the beginning as most of the clients withdrew
their advertisement from the website due to this ineffective service. He founded the gap between
his services and his strategies and brought changes in the market.
Questions from Entrepreneur
It is necessary to ask correct questions and important questions in order to get correct data.
Matt Robinson is a young entrepreneur running two of his own companies. Below are some of
the questions which were asked from him during:
 What are the drivers of decision to invest your money?
 There are a number of resources needed to run a business operation, what are the major
resources according to you?
 Is it possible for a person to become an entrepreneur or without bringing in a new
business idea?