Entreprenuership

When encountering a new word, do you simply ignore it or look up its definition? If you are involved in business, you may be curious about the meaning of the term entrepreneur. Simply put, an entrepreneur is a businessperson who finances or initiates emerging commercial enterprises. However, providing capital alone is not enough to be considered an entrepreneur. An individual who finances and runs a business can be referred to as an entrepreneur. According to economists, entrepreneurs are those who develop new products, production methods, or innovative markets. These individuals often start with a small business and gradually expand it…

Many of us have contemplated the idea of starting a small business as a means of escaping work-related stress and unfulfilled career goals. However, the journey of starting a small business requires sacrifice and continuous learning. Before embarking on this journey, it is essential to conduct thorough research. Seek guidance from other small business owners, read books written by passionate entrepreneurs, and browse online resources that provide valuable insights into the ins and outs of starting a small business. You can also join chat forums and advocacy organizations that offer support and guidance to small business owners. Locally, there are…

Despite the progress women have made in business, some female entrepreneurs still hold the misconception that being a woman gives them an advantage over male entrepreneurs. However, obtaining financial support or loans is not viewed any differently by bankers for women and minority-owned businesses. While there may be additional lending sources available, applicants still have to convince lenders of the feasibility and repayment of their business plans. In corporate America, male and female executives share similar professional aspirations, but the playing field is not level. A recent survey by Catalyst revealed that over half of the women executives surveyed aspired…

Every year thousands of men and women across America sign on with direct selling firm-Tupperware, Amway, or a cosmetic company-hoping to make money enough for new draperies, a new davenport, or some new clothes. They sell a little merchandise to a few relatives and close friends. Then they are through. They quit before they give themselves a chance to learn the basics of success in sales. "I am simply not a born salesperson," they often say. No one is born a salesperson, any more than one is born a doctor or born a lawyer. Sales is a profession. To be…