Entrepreneurship Essay
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Entrepreneurship
An entrepreneur is a person who organizes and manages a business or industrial enterprise, attempting to make a profit taking the risk of loss. Although it may seem easy enough, becoming a successful entrepreneur is not rudimentary. Bill gates made it big overnight in 1979 with his creation of an interactive desktop interface he called Windows'. To become a successful entrepreneur, you have to have a product or service that consumers really want, an organized form of sales and service and quality advertising.
The product or service, which is the foundation of all ones effort, could range from a durable coat hanger to a chain of Mexican cuisine restaurants. Whatever the product is, it has to be of high demand among the consumers. Otherwise one's business would be very detrimental, and unsuccessful. One doesn't have to invent a new product for it to be consumable. Improving on an already existing one is the most common tactic entrepreneurs use. Take the E Yo' for example, it is just a yo yo but with a dial on the side which counts how many times it has spun. Just by adding a dial on the side, the makers of E Yo' hyped it up to an extent that every kid on the block has one.
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