Business Entrepreneurship 101
Business entrepreneurship is the act of starting a business on one’s own, reza satchu usually involving high levels of personal risk. This type of entrepreneurship often involves the use of personal collateral to obtain start-up financing. Successful business ventures are typically related to the computer industry, where Andy Kay developed the Kaypro desktop computer and Adam Osborne invented a self-named desktop computer. Steve Jobs, who created Apple, was another example of a business entrepreneur.
While entrepreneurship is a valuable part of any business, it can also work within the context of a larger established company. Let’s say there’s a high demand for motorcycles. The CEO of a large auto-manufacturing company sees this demand and develops processes and technologies to create a motorcycle division. The company’s boss, however, approves the idea. The result: a motorcycle division that will be profitable for the big auto-maker.
In many cases, a business entrepreneur may choose to work within an established company. For example, a large auto-manufacturing company might identify a need for motorcycles and begin to manufacture them. The company’s boss approves the new division, and the new division will produce and market the motorcycles. In this case, the company’s boss will also have to deal with the demands of the market and provide a competitive product.