Rob Kardashian

In: Business and Management

Submitted By tariq91
Words 979
Pages 4
Small Business And Entrepreneurship

Assignment Topic:
"Rob Kardashian"

Written By: Tariq Al Lawati Entrepreneurship is one of the most successful ways of starting a business, and this essay will outline the story of an upcoming entrepreneur who could or by all means will not make a huge success in the market. However, first lets explain what the term "entrepreneur" means. An entrepreneur is "Someone who exercises initiative by organizing a venture to take benefit of an opportunity and, as the decision maker, decides what, how, and how much of a good or service will be produced"[1]. In other words, it is someone who initiates or starts a business by spotting an opportunity in the market, has a suitable place to run it and by being the decision maker of the business can eventually make a self benefit or profit from it. However, it is not as simple as it sounds. Along with having a suitable place and having creative ideas, there are some risks that come into play as well. Therefore, we can safely say that an entrepreneur is by nature a risk taker. That being said, the risks are neither negligible nor too vigorous. Entrepreneurs like to describe themselves as moderate risk takers. It is to my understanding that entrepreneurship is more like a stereotype, in the sense that most entrepreneurs have the same set of traits or behaviors. According to many recourses, whether it was the internet, or the "Small Business and Entrepreneurship" text book that we study in class, there are mainly four traits that almost all agree on. Entrepreneurs rely on themselves mostly, are highly optimistic, always strive for moderate risk challenges, and they strive for distinction through excellence. Now that I have briefly explained what an entrepreneur is, I would like to give you some information about a newly blooming entrepreneur who is just about to hit the market…...

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