
Two Indian startups secured investments worth almost Rs 2 crore in less than 30 minutes. Sounds unbelievable, doesn’t it? Astonishing as it might appear, this is exactly what is happening at “The Vault”, a one-of-its-kind Indian reality show. The Vault, which can well be called …
In the world of employment, there are two types of employees: those who love having all the benefits of employment and wouldn’t have it any other way; and those who, while they do enjoy the perks, aspire to do something else- like Having an entrepreneurial …
Businessmen transformed economic activities by learning to take advantage of market conditions by alluding efficient networks of transportation and communication and by creating a system of regulating the price of a product based on supply and demand. 4. The institutions that supported early capitalism were …
Q: How to manage our education and dream of becoming an entrepreneur? Is it better to drop out of college to start our own company? I have a fear that if I wait until I get a degree then someone will implement it.A: “Should I …
People’s wants are numerous and varied. Biologically, people need only air, water, food, clothing, and shelter. But in modern society people also desire goods and services that provide a more comfortable or affluent standard of living. We want bottled water, soft drinks, and fruit juices, …
The terms entrepreneur, manager and owner are very much in meaning yet exhibit different representations of business people who are present at the top management. Entrepreneur is a person who sets up a new organization or enterprise and accounts for accountability on his part of …
If you want to simplify your daily investing ventures, then I truly believe that you need to have a few of the right apps to help you along the way. The right app can simplify investing, help you stay connected with the outside world and …
Many people hold location independence as one of their highest aspirations — the ability to work from anywhere, make money while you’re traveling and do what you love outside of the confines of an office or much conventional structure.Related: In brief, you're your boss, and the world …
With over 18 years of entrepreneurial experience in marketing and strategy, Umang Srivastava has an unusually accurate knack of understanding the needs of the consumer. And this is what led him establish Bonita along with Neeraj Mittal. Bonita is an emerging international player in home …
Building a personal computer can be a rewarding experience in addition to saving costs. By building a personal computer, one can save up to 30% of the costs that would be incurred if the computer were purchased from a dealer. (more…)
Your presentation to your investor is sparkling with clarity, confidence, and chutzpah. You can feel the energy in the room bursting, and you feel like you have them eating from your hands. You finish your presentation with flair, you are expecting an applause, and you …
Today, it is much easier to start a business than ever before. The opportunities seem limitless, so does the competition. Every product seems to have an almost exact copy out there in the market.Having said that, how can your start-up stand out in such a …
Startups have always yearned for VC funding and have been slightly unaware of the advantages of seeking the same money from government bodies. Dr. Som Singh, founder and trustee of Center for Entrepreneurial Excellence (CEE), spoke to Entrepreneur India about the galore of advantages that …
Over the last five years our organization has seen significant change in technology. While this change has been beneficial to Community College and its employees, we have reached a point where we are challenged with the new features and functions of the College’s standard software. …
Entrepreneurship is acquiring impetus as a influential instrument for exhilarating economic growth in the country. This is a commanding educational means of training business professionals regardless of whether they started a new venture or not. Entrepreneurs see business in a more holistic way than do …
Geography despite being defined as a science it has a vast area of concern, whereby some of these areas touch the economic grounds a field which others identify not as a science. In geography Spatial science is the field that holds some of the economic …
Your sentence doesn’t end when you leave prison. No doubt you spent years reflecting on your bad decisions while in penitentiary, but the consequences of your actions stay with you forever.That’s what 18-year-old Mike Pisciotta found out the hard way. After taking near-fatal amounts of Xanax, when …
Jessica Alba and Sarah Michelle Gellar both had successful careers acting on television shows and starring in movies, but now the women spend their time as the founders and creative leaders of startups.Alba is the chief creative officer of , which creates and sells what …
Critique Last week I had the opportunity to come see the play with my peers and fellow classmates, “How to Succeed in Business without Really Trying”. The play is about a man following the steps of the book “How to succeed in Business… ” In …
Telangana has been basking under the glory of several startup activities and the rise of MNCs storming into the state. The state’s gigantic startup incubation centre T-Hub boasts of facilities and space given to entrepreneurs to nurture their companies under the vigilance of government support.Secretary-Information …
Making the decision to jump out of the corporate world and build your own business takes guts. Depending on your source, the attrition rate for start-ups is somewhere between . Access to venture capital is, by many accounts, starting to dry up. Getting a loan …
When Ehsan Alipour designed his “SmartIron” for a class project at Stanford, the idea of “smart” products had yet to be popularized. Apple wouldn’t release the first iPhone for another two years and touch technology was just emerging. At first thought, an iron may seem …
Public relations is often regarded as one of the most fast-paced and stressful professions one can enter. But for some, the chaos and 24/7 news cycle isn’t daunting, and a few, like fellow Entrepreneur contributor , thrive on it. At 24 years old, Lorenzen is the …
Startup entrepreneurs venturing into mobile app often struggle between the speed and agility. Startups have neither time nor the funds to cope with the long development cycles of a mobile app. As the consumer focus is drifting from what’s on the web to what’s in …
Unfettered by memories of failure or downturns, new breeds of young entrepreneurs are unleashing a wave of startup activity marked by swagger and confidence associated more with the Silicon Valley.Today we have developed an ecosystem where there are about 21,000 startups in India and about …
MENA’s creative entrepreneurs talk on what it’s like to turn a passion project into a business venture, and share their insights for pursuing creative ambitions in the MENA region. It’s almost impossible to not feel inspired hearing Omar Samra’s story of how he went about setting up …
General Principles of Good Governance 1. Service to Others Service to others allows us to practice doing what Jesus would do and it connects us to those we serve and give us a kind of satisfaction that self-interest can never offer. When we serve others …
If you found yourself surprised that self-driving Ubers launched in Pittsburgh and not San Francisco, it’s time to get wise. Not all our big ideas get started in Silicon Valley, after all, and Pittsburgh’s dominance in robotics make it a natural launchpad for futuristic tech.Of …
I recently hit a wall in one of my businesses, recognizing that I was making some critical marketing mistakes. But until that moment, I hadn't realized that I myself was an offender. Credit the power of networks: I had the perfect contact in mine to help …
This is explained by the fact that patterns do not tend to uniquely identify the given relation. The systems which participated in MUCH and deal with relation extraction also rely on rich rules for identifying relations mention that they tried to add only those rules …
Era
Large-scale entrepreneurs emerged in the second half of the 1800s—the Entrepreneurship Era. They built business empires, created enormous wealth, and raised the standard of living for the entire country. Yet success came with a price. Jobs became more specialized—increasing productivity while lowering costs and prices.
Steps
It is useful to break the entrepreneurial process into five phases: idea generation, opportunity evaluation, planning, company formation/launch and growth. These phases are summarized in this table, and the Opportunity Evaluation and Planning steps are expanded in greater detail below.
Strategy
Entrepreneurial strategy is the means through which an organization establishes and re- establishes its fundamental set of relationships with its environment. It is strategy characterized by widespread and more-or-less simultaneous change in the pattern of decisions taken by an organization.
Experience
In essence, entrepreneurship is an experience consisting of large numbers of key events such as a first sale, hiring a first employee, losing a big account – events that are processed and made sense of by the entrepreneur.
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