The Success Of An Entrepreneur - 1209 Words

We live in a country where entrepreneurs who are willing to put themselves out there and work hard to accomplish their goals can find success in the current economy. An entrepreneur is defined as, â€Å"A person who risks time and money to start and manage a business† (Nickels, McHugh, McHugh 4). Being an entrepreneur is something that interests me for what I would like to do after getting out of the Army. If I was to start my own business it would be a bar and grill in the town of Sierra Vista, which is located close to Fort Huachuca. I would name it JJ’s Bar and Grill and create an environment that caters to soldiers and their families. I would like this business to focus on providing to service members of the past and present. There are too many establishments in this area that take advantage of soldiers and don’t understand what they go through. I’d like to design a business that provides food and drinks to everyone at a reasonable price and is a plac e where soldiers feel safe and comfortable. The first steps of opening this establishment would be deciding on a location and getting the proper licenses to open the business. A good location is essential to any successful business. An article from smallbusiness.chron.com states, â€Å"You do not want to spend the time and money to open your bar only to find out the neighbors want to shut you down every night† (Root, George III smallbusiness.chron.com). Having the support of the community is vital when running a bar. You have toShow MoreRelatedThe Success Of An Entrepreneur1652 Words   |  7 PagesWhenever you get in your car in the morning, or go to the movies or dinner, thank an entrepreneur. When you go to work to earn a living, thank an entrepreneur. When you pick up your groceries from the store, thank an entrepreneur. Entrepreneurs are the ones who bring us a lot of the things that we enjoy on a daily basis. They create jobs, products and most importantly, the road t o a better future. Entrepreneurship is not for everyone. It is not easy work to make it in this field, but if someoneRead MoreThe Success Of The Entrepreneur1858 Words   |  8 Pages Introduction The entrepreneur is gotten from a French word, which expects to endeavor or start an alternate business. Entrepreneur roles differ from country to country, Holcombe (1998) stress that that the power house of economic growth is entrepreneur. Innovations, air and social orders, account, danger and prizes are all that much essential to convey the last fiscal result with monstrous profit anyway to join standard perils and commitments in a company. Bygrave Hofer (1991, pp.13-22)Read MoreThe Success Of A Successful Entrepreneur3266 Words   |  14 Pagesthat are viable and interest individuals, as it is always difficult to lure people to something that they have not yet seen results or make people believe in a product they have never heard off. Hence as an entrepreneur I had to adopt the necessary skills required to be a successful entrepreneur which are, resiliency, focus, invest for long term, find and manage people, sell, learn, self-reflection and self-reliance. It is very important for one to be independent and be able to be resourceful enoughRead MoreThe Success Of A Successful Entrepreneur Essay1528 Words   |  7 Pagesâ€Å"Success is not a key to happiness; happiness is a key to success. If you love what are you doing, you will be successful,† said by Albert Schweitzer (Brainy Quote, 2016) This quote shows that everyone can be successful in their own life, human will be happy when they love or enjoy what they are doing and it is the first step to become successful. Nowadays there are pretty of businessperson, therefore being businessperson are completely different from successful businessman and businesswoman becauseRead MoreSuccess Of A Business And Entrepreneurs1965 Words   |  8 PagesThe ability to generate profits indicates the current level of success of a business and entrepreneurs try hard to maintain the profitability of their company to create a better appeal for investors. The first thing to consider are ratios, specifically profit margin ratios: gross profit margin, operating profit margin, pretax profit margin and net profit margin.[1] All numbers are found in the consolidated statement of operations of Whole Foods’ 2015 10K and in million dollars unless otherwise specifiedRead MoreThe Success Of Becoming A Successful Entrepreneur1362 Words   |  6 Pagesâ€Å"They say most Entrepreneurs born with these management skill come from a rare breed of people with inte lligence, great heart, and creative skills. They are visionary and self confident, good communicators with unlimited energy, and have a string passion for what they do† It is usually things outside of our control that causes a venture not to succeed. Simple fact, everyone is not cut out to be an entrepreneur, but to last and be great takes a lot. Anyone can be an entrepreneur, but to last andRead MoreFactors affecting women entrepreneurs success1224 Words   |  5 Pages1-1 Introduction to Operations Management Operations Management William J. Stevenson 1-2 Introduction to Operations Management Operations Management Figure 1.1 The management of systems or processes that create goods and/or provide services Organization Finance Operations Marketing 1-3 Introduction to Operations Management What Do Operations Managers Do? †¢Ã¢â‚¬ ¯ What is ‘Operations’? †¢Ã¢â‚¬ ¯ †¢Ã¢â‚¬ ¯ a function or system that transforms inputs into outputsRead More Chinese Entrepreneurs in Singapore: Paths to Success Essay3674 Words   |  15 PagesChinese Entrepreneurs in Singapore: Paths to Success Due to the economic hardships and threat of Japanese invasion in China in the first half of the 20th century, many men left their homeland in search of success and opportunities abroad. One of the places that many of them migrated to was Singapore. This new and foreign place was fraught with obstacles; however, some of these Chinese men eventually achieved great success. The success of these Chinese entrepreneurs in Singapore was not onlyRead MoreSuccess Is Elusive In The Entrepreneur’S Efforts. Entrepreneurs1412 Words   |  6 PagesSuccess is elusive in the entrepreneur’s efforts. Entrepreneurs face variety of problems in an endeavor to setup new enterprise particularly during the growth phase of the organizational life cycle (Syed Fida Hussain, Tahira, Khalid, 2013). Although, the motives of an entrepreneur maybe to help others or to become wealthy; obstacles such as growth and unforeseen problems could depict challenges along the way. The behavioral health field is becoming more wide spread and an interest to entrepreneursRead MoreThe Success Life of Business Owner and Entrepreneur, Simon Cowell518 Words   |  3 PagesSimon Cowell is a great co business owner and entrepreneur. He has helped create many great production companies; one of his best though is SyCo which he owns fifty-fifty with Sony Music Entertainment and was founded in 2002. SyCo employs a nu mber of great people such as; Global CEO Charles Garland (day-to-day operations), Sir Philip Green (advisor), and Karren Brady (advisor). In 2010, Ellis Watson CEO of SyCo Entertainment, resigned. SyCo’s main productions are Got Talent and The X Factor which