Bill Gates The Entrepreneur Essay Samples and Topic Ideas
entrepreneurial skills to spearhead the goals of our company. This individual will serve as the operations manager and will be in charge of the steps of the company to go global. The digital age trend has the global sales corporation on its cutting edge and in a way that it is meant to make an impact on the working society. It is essential to be able to compete on all front, and an entrepreneurial individual will assist us in the company. The role of this entity is to solidify the sales of our company and its position on a worldwide scale. The position of the company on the technological front is compelling as it facilitates search advertising among many digital portfolios and platforms. The company...
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entrepreneur’s vision carries on throughout the growth processes from conception to maturity (Scarborough, 2011). As such, any strategic choice needs to be in its regard for sustainability. First and foremost, the proprietor needs to evaluate the available resources necessary for the growth process. This is essential in order to size up the probabilities of conflicts of interest and divergent approaches. The following are two major steps in carrying out the growth process. One involves its market while the other focuses on the financial aspect. Since the business exists to serve its clients, expanding on this front, therefore, seems the most likely starting point. This is a process that will...
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entrepreneur How many approved shareholders do you wish to own the business? If the entrepreneur wants to incorporate more than one hundred shareholders in the company, then C Corporation is the way to go, since S Corporations limit the number of owners/ investors to 100. How many classes of stock do you wish your business to have? If the entrepreneur wants their firm to have more than one category of stock, the company ought to be a C Corporation since it allows more than class of stock as opposed to S Corporations. What mode of taxation do you want your business to have? If the entrepreneur wants the firm taxed only at the individual level, S Corporations is the better choice. C Corporations...
entrepreneurs broader profit margin. Especially in the twenty-first century, people have realized the importance of recreation; such restaurant is the favorite destinations. The improvement of the social status of various classes of people has seen majority go for business meetings, family gatherings, and dates in that restaurant. Highway bridge pizza restaurant like any other enterprise in the restaurant business needs certain personnel to run its operations. The key personnel includes managers, hosts, ushers, bartenders, dishwashers, cooks, bus persons, and servers. Each of these personnel has a role to play to make the operations of the restaurant successful. For a new restaurant that is have...
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entrepreneur to compensate the personnel. The expenses are offset from the business profits (Archer 1). Secondly, the store requires the starting capital that will help acquire the resources needed to keep it running. I am required to source the capital from personal savings, family and friends, financial institutions and other private lenders. Failure to take into account the financing exposes the business to the risk of failure (Archer 1). Thirdly, the store will require employees to perform tasks like receiving calls from the customers and delivering the products where required. Employees are the backbone of the organization. It is therefore important for me to ensure that I recruit employees...
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entrepreneurial team, financing structure and the context. The opportunity section discusses the potential market prospects of the business in the given industry. The section also reveals the market need or the problem that the proposed business will solve. The critical resources section outlines the monetary, human assets and hard assets such as stocks that the business requires. In this section, the entrepreneur should suggest ways to reduce startup resources. The entrepreneurial team section is equally crucial because it reveals the background information of the people behind the business, which could be useful to investors. The financing structure section explains how the business will be...
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entrepreneur to be aware of both his current rivalry's strength position and the competition strength of the next position this business person wishes to move. When business owners understand all these, they can take advantage of the strength situation, work on improving their weaknesses, and be cautious when it comes to making steps in business (Warner, 2010). The strategy is conventionally used to find out if services, new products, or business organization can be profitable. However, it can be very productive when used in the understanding of power balance in various situations. In this article, I am going to discuss the Five I's Strategy and how it can be helpful in a business situation. The...
entrepreneurs looking to engage in new businesses. Most investors at the time are practicing cost- cutting measures to preserve profits and cash flow. The focusing characteristic of this period is more inward aiming to ensure that the business stays afloat. According to Brunnermeier and Sannikov (2014), Apple Company is notorious for these innovations even when downturns and recession threaten most business. The company began its transformation in iPod around 2001 a period shortly after the internet bubble burst. Notable is the introduction of the iPad in 2008 at the time where the country was experiencing a downturn. As a lesson from the Company risk taking in innovation during periods of economic...
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Entrepreneur competence regarding the existing businesses requires an analysis of the persistent problems, policies, and practice. Carrying out the analysis assists the entrepreneur to identify areas that need innovation and how best the business can survive with the current situation. Entrepreneurship competence cuts across all fields including that of the public-service institution where most innovation challenges are present. According to Drunker (2014), change in perception and mood in the public domain is on a steady rise requiring the attention of qualified personnel to initiate and manage appropriate transformation. Comparatively, new-venture provides the perfect opportunity for the...