Analysis of an Entrepreneurial Trade Essay
Perhaps some principles will resonate with you. At least that's my hope · on why you want to be an entrepreneur: “I want to make a difference in the world” is the norm. A range of benefits of entrepreneurship at the different levels of analysis, for example individual, organizational and national. From a non-financial perspective, such benefits include independence. You need creativity and an innovative mind that thinks quickly how to execute a plan or achieve a certain goal. Recognition of opportunities. An entrepreneur must be able to recognize opportunities and use them to improve his business. A number of entrepreneurs have admitted to having strong intuition. Entrepreneurship is the recognition or creation of an opportunity, coupled with action by an individual or group of individuals, to create a social, intrapreneurial, lifestyle, middle market or highly liquid business. . Venkataraman 1997 explains entrepreneurship as the link between the presence of lucrative opportunities and enterprising individuals.