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Strengths and Weaknesses of Entrepreneur Doc

   

Added on  2021-02-21

10 Pages1942 Words18 Views
Entrepreneurship
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Entrepreneur
Strengths and Weaknesses of Entrepreneur Doc_1

Table of ContentsINTRODUCTION...........................................................................................................................11 a. Research on an entrepreneur.................................................................................................11 b. Character traits of Entrepreneurs..........................................................................................11 c. Limitations of traits...............................................................................................................31 d. ideas for growing a new venture...........................................................................................4Conclusion.......................................................................................................................................4References........................................................................................................................................5
Strengths and Weaknesses of Entrepreneur Doc_2

INTRODUCTIONEntrepreneurship refers to designing, innovating, launching and running a new idea in a market.which is often a small business. The capacity to develop, organise and manage a new businessincluding all the risks and making profitability. This study defines us about the way an entrepreneur can improvise on his study to start a newbusiness what are its pros and corns about the business strategy. Which all fields we need tofocus on defining our strengths and weaknesses as an entrepreneur. The traits we need to keep inmind in developing our business, a complete knowledge about our business must be attainedbefore stepping in the business. Traits have a brief about how an entrepreneur must be thecapabilities we must have. You must have a complete knowledge about your competitors so asto keep ourself out of competitors reach. Limitations or problems which entrepreneur faces isstudied in detail.1 a. Research on an entrepreneurHide my ass! a start-up which was introduced by a young talent Jack Cator. He was sixteen whenhe came up with this idea to provide a personal space which gives access to the blocked sites forgames and music to the school and collage students as it was a free access it gained popularity Ithe entire UK. They have a high revenue generation of about $1000-$2000 per month in theirearlier period. Later on cater focused on his venture and started a new service of VPN whichboosted company's' capital from which they started hiring full time employees for the firm.Later on they introduced new software for mobile phones which reduces a internet traffic whichhelps you to change your location while calling which was a success to the company this wasdone because a freelancer added a competition against the company. By 2015 they became alargest VPN provider(Kirzner. 2015).Later on they became a subsidiary for a cybersecurity company Avast. 1 b. Character traits of Entrepreneurs1.Need for independence: To be a successful entrepreneur we must be focused towards our goaland must be aware of all the pros and corns which a company needs to face, as an entrepreneurwe will be able to set our own goals and achieve it. To be independent we must be a risk takerand a master of our own dreams. Entrepreneur must be capable of motivating his own workers .1
Strengths and Weaknesses of Entrepreneur Doc_3

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