Posts Tagged ‘Entrepreneurship’

Entrepreneurship and MSME – The Engine For Economic Growth and Wealth Creation

With a population of 148 million and the second largest economy in the continent after South Africa, the state of Nigeria's economy is a bundle of extreme contradictions. The US sources 10% of its crude imports from abundant oil fields in the Niger Delta, a region that is also home to one of the largest know natural gas reserves in the world. Despite these natural endowments, Nigeria is crippled with rampant poverty and depressing macroeconomic indicators and human development indices. Unemployment is endemic and more than 54% of its population lives on less than $1 per day. Decades of political turmoil, civilian unrest and large scale government mismanagement are largely to blame for this state of Nigerian affairs.

Read the rest of this entry »

Derek Elliott ? Entrepreneurship ? Everything Starts with an IdeaDe

Well, according to some people, entrepreneurs are great thinkers and so they must be spending most of their time thinking of what new things they can offer to the world. This may be true and if you're a tiro in the field of entrepreneurship, you have to get the best entrepreneur idea guide to get you started.

Entrepreneurs are generally business people. However, this is only half of who they really are. You see, many of them are efficient in founging new ideas and deal making. Through the available circumstances, an entrepreneur can uncover new ideas and then turn them into a good deal. Most of the entrepreneurs are ever concentrate only one business venture. Their primary aim is to earn money so they will try to venture into all kind of businesses as long as it provides a profit.The business ideas made by a certain entrepreneur are often found in archives. This is because some business ideas may not be executable at present and so they keep it for future use or reference. Those business ideas which have higher market executability are investigated further and if in case the entrepreneur decides to act on the idea immediately, he will put such ideas to work and earn money.

Read the rest of this entry »

Entrepreneurship Is A “take” And “house” Psychological Battle

Entrepreneurship is a "take" and "care" of the psychological battle is a difficult decision on the future way of life! Believe the business friends, many are like me, always hovering between choice. Work, family, career, environment, self. This modern youth have to face the top-five choice factors.

Work. I believe many of my friends will have a job, or very satisfied or very satisfied, or indifferent. Satisfaction with workplace active, and earnest effort to obtain a satisfactory return, in order to seek development, it is a virtuous circle; unsatisfied with their work may have many complaints, so feel no future, no space, trying desperately to change the status quo , depression, this is a vicious circle; But whether satisfaction and dissatisfaction, but also required for the human temperament and strength, some people get 5-6 million a year to sit authorities, not satisfied; someone to do secretarial work, take 3-4 year, and satisfied.

Read the rest of this entry »

Entrepreneurship: New Company Start-Up and Revitalisation of Old Ones

The practice of entrepreneurship often takes place when individuals with a keen eye for markets spot an as yet unexplored avenue of opportunity. There is no doubting the difficulty of such undertakings and a vast majority of new businesses fail, however, if your <a rel="nofollow" onclick="javascript:_gaq.push(['_trackPageview', '/outgoing/article_exit_link']);" href="http://www.thecompanyshop.ie/">Company formation</a> plan is intelligently constructed then there will be a higher chance of a favourable outcome. In 1950, the economist Joseph Schumpeter defined an entrepreneur as a person who is willing and able to convert a new idea or invention into a successful innovation. And above all enthusiasm for the venture is ultimately needed.

Although failure renders the entrepreneur vulnerable to many dangers, the advantages of success are manifold. Most obviously there will be enormous personal financial gain, but also the innovation will create jobs for others, boosting your country's economy. If the entrepreneur is entering into an already established market the venture will create healthy competition, thus encouraging higher product quality.

Up and coming entrepreneurs from the National College of Ireland have won the title of being the winner of the Newstalk 106-108fm Student Enterprise Competition. The winners managed to beat off opponent finalists from the Institute of Technology Carlow, Dundalk Institute of Technology, and Cork Institute of Technology. On congratulating the winning team, Denis O'Brien said, “Their hard work demonstrates what the competition is all about – fostering a spirit of enterprise among students by encouraging teamwork and solution-driven approaches to business challenges.” The winning team and their coach, Rosalind Beere, get to travel to the Caribbean this summer to shadow decision makers in Digicel's operations. Digicel being the Caribbean's fastest growing telecommunications operator and a new entrant in the Central American Market.

But entrepreneurship does not solely apply to brand new ventures, it can also be employed to revitalise mature organisations. Old companies who have found their services decrease in popularity may find it advantageous to recruit new and inventive thinkers to refresh their products and/or services, and in turn give the company a new lease of life.

Read the rest of this entry »
Advertising

Enter your email address:

Delivered by FeedBurner

Links
Alexa rank

Alexa rank is 7789981.

PHP/MySQL Components, WordPress Plugins, and Technology Opinions at TravisWeston.com