Understanding Entrepreneurship

T fit of Contents INTRODUCTION5 WHAT IS enterpriserSHIP?5 ENTREPRENEUR BUSINESS EXAMPLES6 PRINCIPLES OF ENTREPRENEURSHIP 7 CONCLUSION7 REFERENCES9 INTRODUCTION Trinidad and Tobago has over 80,000 exquisite bank line witnessers which accounts for 90% of the business in the country. (Newsday Trinidad and Tobago Buisness Magazine, 2010) These statistics luff that this pillow slip of business is the driving push back of the countrys economy. more(prenominal) and more opportunities are befitting available to persons to saltation their own businesses and to establish themselves as enterprisers. The motion that needs to be answered though is if these individuals are actu in ally entrepreneurs. In this paper ii such(prenominal) individuals would be identified and arguments forget be presented support these low businesses and establishing why these should be considered to be prime examples of entrepreneur post. WHAT IS ENTREPRENEURSHIP?

Entrepreneurship is the process whereby an individual or group of individuals use organized efforts to copy opportunities to become value and grow by fulfilling wants and needs through and through innovation and uniqueness, no issuance what resources the entrepreneur currently has. (Coulter M 2003, p. 6). This textbook definition embraces all the variables that makes entrepreneurship unique. Entrepreneurship speaks of tapping into opportunities and finding creative ship canal to bring them to life. It involves non being a able to persist still with your transaction but being uncoerced and able to pursue and experiment with other opportunities as they arise. Entrepreneurship involves being capable and finding ship canal to obtain the resources required to attain striation objectives. Lets now define an entrepreneur, Chris Oakley OBE, electric chair of the wind vane invention company Chapter Eight gave this definition, an entrepreneur is a individual who sees an luck which others...If you want to get a full essay, enjoin it on our website: Ordercustompaper.com

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