what is entrepreneurship. why is very important..?
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Every product, service, etc. in the marketplace is the result of entrepreneurship.  It is important because it is the mechanism that creates economic and social progress.
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Hard work and passion for what you do.\n\nUnless you are in a profession that pays a lot of money (lawyer, investment banker, financial institutions, etc) you are going to need to be in business for yourself. \n\nNo matter what job you have now, learn the business. How do people in that business make money. What makes them successful? Ask yourself a lot of questions regarding that business. And if it is something you enjoy and really have a passion for, find away (after getting years of experience) of starting up your own business. Start small and then build. \n\nConcentrate on providing excellent service to your customers. If your only focus is on becoming rich, you will find that you are working hard for the wrong reason. In addition you will never be happy. Work hard for the enjoyment of watching your business grow and your customers happy and you will find that the money comes.
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business and econmoics is always a good choice for anyone... Even if you dont' end up starting your own business, you learn things most normal people should no anyways, and will always be helpful in life.\n\nYou gotta be willing to deal with theories and rules, and a little bit of numbers.
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Risk-taking. All successful entrepreneurs are risk takers. It's very hard to set up a business especially when you know most small businesses fail in their first year. It's not just about business, but life. Those who take calculated (reasonable risks) risks will be rewarded    more often than penalized.
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there is to much to mention, but the link below explaions the whole thing, Good luck with your venture, and GOOD for you too. More people should think about it, Thank you
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Why is money so important? I believe it is an idea based on the barter system which allows two people to trade goods or services for other goods and services. But now instead of directly trading for goods and services we have invented something called money which is just a medium to acquiring other goods and services doing a service usually called a job. Now you see if you don't have any money you can not obtain goods such as food or clothing or shelter which will eventually lead to death. So the true reason money is so vital would be survival.
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The nature of a successful small business is that it is driven by the passion of its owner.\n\nWe could give you a ton of good ideas, but you'd probably fail in your business venture because your lack of passion in the product will cause you to be put off by the natural stress involved in running a business.\n\nIn short, if you want to start a business, you first need to identify your passions, then produce a product or service that incorporates that idea.  Then you'll have the drive to see it through.
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Starting a small business takes a lot of courage. But, as they say, courage does not pay the bills. To be successful – to stay in business – you need more than courage. You need a combination of hard work, skill, perseverance, and lots of luck. \n\nSome things you need to consider:\n- "How can I support my family while I build up by business?" \n- "What are my abilities?" \n- "Is there a market for the product or service I have chosen?" \n- "How long will it take this business to reach the financial goal I have?" \n\nYou may want to read the article "How to Start a New Business Successfully" http://www.powerhomebiz.com/vol51/launch.htm  , which lists six steps to launch a new business successfully:\n\n1. Provide a benefit.\n2. Determine the fit with your market.\n3. Right timing is everything\n4. Be ready to support your business\n5. Develop a blueprint for success\n6. Market, market, market\n\nI recommend that you read the following books:\n\n- What No One Ever Tells You About Starting Your Own Business : Real Life Start-Up Advice from 101 Successful Entrepreneurs \n- Starting From Scratch: How To Start A Business When You Don't Have Money \n- If You're Clueless About Starting Your Own Business and Want to Know More \n- On the Move : How to Succeed and Survive As an Entrepreneur \n- How to Make 1000 Mistakes in Business and Still Succeed
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ENTREPRENEURIAL CHARACTERISTICS\nA series of interviews were conducted with distinguished entrepreneurs. They were asked what characteristics they felt were essential to success as an entrepreneur. Good health was a characteristic mentioned by every entrepreneur interviewed. Entrepreneurs are physically resilient and in good health. They can work for extended periods of time, and while they are in the process of building their business, they refuse to get sick. \n\nIn small businesses, where there is no depth of management, the leader must be there. You may not be able to afford a support staff to cover all business functions, and therefore you will need to work long hours. We all know people who use part of their sick leave each year when they are not sick. Entrepreneurs are not found in this group. At the end of the eight-hour day, when everyone else leaves for home, the entrepreneur will often continue to work into the evening, developing new business ideas. \n\nSelf-Control\nEntrepreneurs do not function well in structured organizations and do not like someone having authority over them. Most believe they can do the job better than anyone else and will strive for maximum responsibility and accountability. They enjoy creating business strategies and thrive on the process of achieving their goals. Once they achieve a goal, they quickly replace it with a greater goal. They strive to exert whatever influence they can over future events. \n\nIn large, structured organizations, entrepreneurs are easy to recognize by the statements they make: "If they wanted that job done right, they should have given it to me." A dominant characteristic of entrepreneurs is their belief that they are smarter than their peers and superiors. They have a compelling need to do their own thing in their own way. They need the freedom to choose and to act according to their own perception of what actions will result in success. \n\nSelf-Confidence\nEntrepreneurs are self-confident when they are in control of what they're doing and working alone. They tackle problems immediately with confidence and are persistent in their pursuit of their objectives. Most are at their best in the face of adversity, since they thrive on their own self-confidence. \n\nSense of Urgency\nEntrepreneurs have a never-ending sense of urgency to develop their ideas. Inactivity makes them impatient, tense, and uneasy. They thrive on activity and are not likely to be found sitting on a bank fishing unless the fish are biting. When they are in the entrepreneurial mode, they are more likely to be found getting things done instead of fishing. \n\nEntrepreneurs prefer individual sports, such as golf, skiing, or tennis, over team sports. They prefer games in which their own brawn and brain directly influence the outcome and pace of the game. They have drive and high energy levels, they are achievement-oriented, and they are tireless in the pursuit of their goals. \n\nComprehensive Awareness\nSuccessful entrepreneurs can comprehend complex situations that may include planning, making strategic decisions, and working on multiple business ideas simultaneously. They are farsighted and aware of important details, and they will continuously review all possibilities to achieve their business objectives. At the same time, they devote their energy to completing the tasks immediately before them. \n\nAccounting reports illustrate this characteristic. Accountants spend hours balancing the accounts and closing them out. For them, the achievement is to have balanced books. The entrepreneur only wants to know the magnitude of the numbers and their significance for the operation of the business. \n\nRealism\nEntrepreneurs accept things as they are and deal with them accordingly. They may or may not be idealistic, but they are seldom unrealistic. They will change their direction when they see that change will improve their prospects for achieving their goals. They want to know the status
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Starting a small business takes a lot of courage. But, as they say, courage does not pay the bills. To be successful – to stay in business – you need more than courage. You need a combination of hard work, skill, perseverance, and lots of luck. \n\nSome things you need to consider:\n- "How can I support my family while I build up by business?" \n- "What are my abilities?" \n- "Is there a market for the product or service I have chosen?" \n- "How long will it take this business to reach the financial goal I have?" \n\nYou may want to read the article "How to Start a New Business Successfully" http://www.powerhomebiz.com/vol51/launch.htm , which lists six steps to launch a new business successfully:\n\n1. Provide a benefit.\n2. Determine the fit with your market.\n3. Right timing is everything\n4. Be ready to support your business\n5. Develop a blueprint for success\n6. Market, market, market\n\nTo give you ideas on what exactly do you need to start your own business, here are ten things you need to know before launching your own business  “10 Things You Need to Know When Starting Your Own Home Business” http://www.powerhomebiz.com/052006/startingbiz.htm .\n\nI recommend that you read the following books:\n\n- What No One Ever Tells You About Starting Your Own Business : Real Life Start-Up Advice from 101 Successful Entrepreneurs \n- Starting From Scratch: How To Start A Business When You Don't Have Money \n- If You're Clueless About Starting Your Own Business and Want to Know More \n- On the Move : How to Succeed and Survive As an Entrepreneur \n-How to Make 1000 Mistakes in Business and Still Succeed\n\nThere is so much to learn about starting a business that it is hard to put everything here. I suggest that you to check out the following websites and learn from their content:\n\nEntrepreneur http://www.entrepreneur.com\nInc.com http://www.inc.com\nSBA http://www.sba.gov/starting_business/...\n\nIf you need help in starting your business, you can find a mentor to guide you. Here are some places where you can find a mentor:\n\n- Government Mentoring Programs such as SBDCs, which works with community colleges and local business development councils to offer mentoring programs http://www.sba.gov/sbdc/sbdcnear.html ; or the Women's Network for Entrepreneurial Training http://www.sba.gov/womeninbusiness/wnet_roundtables.html \n- Volunteer programs such as SCORE http://www.score.org  which is composed of mostly retired executives and entrepreneurs \n- Formal mentoring programs such as Athena Foundation http://www.athenafoundation.org/programs/globallinks.html  , Helzberg Entrepreneurial Mentoring Program http://www.helzbergmentoring.org/HEMP/  , or The Aspen Institute MicroMentor Program http://www.micromentor.org \n- Professional organizations such as the National Women’s Business Council http://www.nwbc.gov/Mentoring/programs.html \n- Industry and trade associations \n- Local business groups, such as the chamber of commerce \n- Local chapters of business groups
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I think marketing is very important for every business. But you need to be good at it. For example if you are specialized in online marketing and SEO (Search Engine Optimization) you could make a lot of money. \n\nLike everything in life, you need to be innovative and come with new ideas. If you are talented, then you should be doing great. Keep an eye on the new trends in technology like POP(point of product) shelfAds, social networking marketing..etc.\nwish you the best..
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Research, research, research – this cannot be stressed enough. Read as much as you can about the industry. Here are some book titles that are relevant:\n\n* Entrepreneurial Finance: For New and Emerging Businesses by James McNeill Stancill\n* The Business Startup Checklist and Planning Guide: Seize Your Entrepreneurial Dreams! by Stephanie Chandler\n* How to Really Start Your Own Business, Fourth Edition by David E. Gumpert\n* How to Really Create a Successful Business Plan: Step-by-Step Guide by David E. Gumpert\n* What No One Ever Tells You about Starting Your Own Business: Real-Life Start-Up Advice from 101 Successful Entrepreneurs (What No One Ever Tells You About Starting Your Own Business) by Jan Norman \n* Business Start-Up Kit by Steven D. Strauss \n* Start Your Own Business (Entrepreneur Magazine's Start Up) by Rieva Lesonsky\n\nThere are plenty of free informational resources out there. Check the source box for links to articles.\n\nHope that helps! I wish you much success & happiness in all your ventures!
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Starting a small business takes a lot of courage. But, as they say, courage does not pay the bills. To be successful – to stay in business – you need more than courage. You need a combination of hard work, skill, perseverance, and lots of luck. \n\nSome things you need to consider:\n- "How can I support my family while I build up by business?" \n- "What are my abilities?" \n- "Is there a market for the product or service I have chosen?" \n- "How long will it take this business to reach the financial goal I have?" \n\nYou may want to read the article "How to Start a New Business Successfully" http://www.powerhomebiz.com/vol51/launch.htm , which lists six steps to launch a new business successfully:\n\n1. Provide a benefit.\n2. Determine the fit with your market.\n3. Right timing is everything\n4. Be ready to support your business\n5. Develop a blueprint for success\n6. Market, market, market\n\nTo give you ideas on what exactly do you need to start your own business, here are ten things you need to know before launching your own business  “10 Things You Need to Know When Starting Your Own Home Business” http://www.powerhomebiz.com/052006/startingbiz.htm .\n\nI recommend that you read the following books:\n\n- What No One Ever Tells You About Starting Your Own Business : Real Life Start-Up Advice from 101 Successful Entrepreneurs \n- Starting From Scratch: How To Start A Business When You Don't Have Money \n- If You're Clueless About Starting Your Own Business and Want to Know More \n- On the Move : How to Succeed and Survive As an Entrepreneur \n- How to Make 1000 Mistakes in Business and Still Succeed \n\nRegarding your desire to start a clothing design business, you may start by reading the article "Starting a Clothing Line or Apparel Manufacturing Business" http://www.powerhomebiz.com/vol66/clothing.htm  . The article contains information on the startup steps, knowing your market, how to enter the market, the question of production and financing the business\n\nFor in-depth information, you may want to read the following books http://www.powerhomebiz.com/bookstore/clothing/clothing.htm :\n\nThe Official Step by Step Guide to Starting a Clothing Line \nStart Your Own Clothing Store (Entrepreneur Magazine's Start Up) \nThe Business of Fashion: Designing Manufacturing, and Marketing \nThe World of Fashion Merchandising \nSo You Want to Work in the Fashion Business? A Practical Look at Apparel Product Development and Global Manufacturing \nThe Entrepreneur's Guide to Sewn Product Manufacturing \nFashion: From Concept to Consumer \n\nYou may also want to check out the resources of the following associations:\n\nProfessional Apparel Association http://www.proapparel.com \nAmerican Apparel Producer’s Network http://www.usawear.org/ \nWorldwide Responsible Apparel Manufacture http://www.wrapapparel.org/ \nAmerican Apparel and Footwear Association http://www.americanapparel.org/\nNational Association of Fashion and Accessory Designers http://www.nafad.com/ \nFashion Group International http://www.fgi.org \nApparel News http://www.apparelnews.net/\n\nI recommend that you read Kathleen Fasanella's blog at http://fashion-incubator.com . She is the author of the book "The Entrepreneur's Guide to Sewn Product Manufacturing" and her blog is full of answers to questions on how to start a clothing line\n\nAs for manufacturing sources, I suggest you check out the manufacturers listed in the National Association of Manufacturers  http://www.nam.org/s_nam/index.asp
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To protect the people who are already here.Also to hopefully bring in positive additions to our society.I think the most Important thing is to create a balance,this is crucial to a healthy economy.
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It must be very good. Mainly if you are in administration college. After all, why are you in college? Isnt it to own money? So, why not start it right now? \n\nThe only problem is that to start a business, you need money... thing that you usually dont have on college
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The right attitude is critical to attain success in small business (as well as in other endeavors). The person stands a greater chance of succeess in entrepreneurship if the person has the right mindset, work habits and willingness to work hard and take risks. \n\nThe book "The Winning Habits: 4 Secrets That Will Change The Rest Of Your Life" by Dick Lyles reveals four simple winning habits that can propel you to success -- all of which has something to do with the person's attitude. These are:\n\n1. Be first on, last off, and add extra value.\n2. Never trade results for excuses.\n3. Solve problems in advance.\n4. Make the habit of creating allies, instead of enemies.
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Entrepreneurship is hard because it involves forecasting the demands of consumers. Consumer demands can change on a whim, and nobody knows EXACTLY what the future holds. \n\nThose entrepreneurs who forecast correctly, and satisfy consumer demands in the best and most efficient manner, earn a profit. \n\nThose who are slow to anticipate, or don't satisfy consumer demands at all, suffer losses.\n\nFor a brief (yet informative) reading on the relationship between entrepreneurs and consumers, check out the following link from the Mises Institute:\n\nhttp://www.mises.org/humanaction/chap15sec4.asp