Finance A Successful Entrepreneur - 1286 Words

The definition of finance is rather complex but Merriam Webster seems to provide the most comprehensive explanation, stating, â€Å"the management of revenues; the conduct or transaction of money matters generally, especially those affecting the public, as in the fields of banking and investment† (Merriam Webster). The management of revenues is essentially the core of what separates the jobs of finance majors, compared to other business-related majors such as accounting and economics. While accountants identify where the money comes from, the finance people identify how to best use that money. While economic majors study how to grow the entire economy of a country, finance majors study how to value a company. The reason behind my decision to pursue a major in finance is because I want to study how to manage money in a company and the role companies play in affecting the banking system. Also, I am convinced that majoring in finance is one of the most effective and efficient way s in becoming a successful entrepreneur. As a finance major, I can only study; as a successful entrepreneur, I will be equipped with the resources to improve the lives of hundreds if not thousands of people. According to Techtarget.com, †Silicon Valley continues to be one of the country s leading regions for high-tech innovation and development, accounting for about one-third of all venture capital investment in the United States† (Rouse). Based on this statement, readers would think that the residentsShow MoreRelatedEducation And Study At Universities1414 Words   |  6 PagesHowever, what about for entrepreneurs? People who don’t want to work in a steady paid job, but who wants to be their own boss. Do entrepreneurs need to study for a University degree? Would, in the course of studying a degree, increase the chance of becoming a successful entrepreneur? Does higher education teach the necessary skills to help people be successful in running a business? Th us, lead to my research topic. I would like to investigate whether successful entrepreneurs obtained their necessaryRead MoreMy Business : An Entrepreneur1641 Words   |  7 Pagesbusiness an entrepreneur has to face various hurdles. He has to maintain different aspects of his business that he is running. The entrepreneur starts to launch a business on hope that the business will flourish in a few days or in months. But the situation is entirely different. We have to first tackle different issues before starting a business. The following are the situations that an entrepreneur has to face. 1. Not having much business and marketing experience. In case an entrepreneur has not muchRead MoreCharacteristics of a Successful Entrepreneurial Management Team1290 Words   |  6 PagesRonald Wirtz, (2008) makes the statement, â€Å"All the world loves an entrepreneur†. They are role models for kids, they are perceived as being honest, bright, hard-working and successful. People want to be entrepreneurs; policymakers are busy trying to find, encourage and grow entrepreneurs because of their positive effect on jobs and productivity. Greg Watson (2011) writes, â€Å"The entrepreneurial mind thrives in environments of uncertainty, diversity of culture, talent and opportunity. These threeRead MoreStarting A Business Is A Difficult Task For Anyone, Despite Their Age856 Words   |  4 Pagestheir demographic. Many of the most prominent business people in our society today started off as entrepreneurs at varying ages. Being an entrepreneur is not confined to a single age, however, some ages are more successful than others. When the term entrepreneur comes to mind one usually will picture a Bill Gates or Steve Jobs type, never a child or even a teenager. However, the number of child entrepreneurs is growing everyday. Around 77 percent of students say they want to be their own boss, and 45Read MoreAttributes Of Becoming An Entrepreneur Essay1366 Words   |  6 PagesEntrepreneurs are innovative pioneers who venture opportunities and create new market at home and aboard (Frederick, O Connor, Kuratko, 2013). Attributes help becoming an entrepreneur: Becoming an entrepreneur requires more than just a creative idea. All entrepreneurs share commonalities in their attributes, abilities and qualities that empower them to beat the chances and pursue their objectives (Frederick, O Connor, Kuratko, 2013). As I would believe, the three potential factors help becomingRead MoreEntrepreneurial Skills and the Entrepreneurial Instinct 1387 Words   |  6 Pagesit cannot be denied that entrepreneurs are all ultimately unique in some way empirical evidence suggests that they all do share some common characteristics and skills, some of which can be taught (Colette, et al., 2005). This essay attempts to define those characteristics and skills that enable entrepreneurs to realise the business potential in their ideas. In addition it explores the difficulties entrepreneurs may come up against along the way towards having a successful business venture. MeredithRead MorePersonal, Value, And Personal And Career Values969 Words   |  4 Pagesno one is judging you and you really need to know yourself very well if you wish to be successful. These exercises will help you: 1. Identify your personal value system 2. Identify your work values 3. Identify the importance of personality 4. Determine your personality profile What kind of business person are you? Every successful business owner plays at least three roles; technician, manager and entrepreneur. The technician is an expert in the particular business and how it operates. The managerRead MoreUttar Pradesh and Tamil Nadu: A Comparative Study in Micro-Finance1699 Words   |  7 PagesStudies analyzing the Micro Financing in India- Micro finance has been a field which has attracted a lot of research work. A review of the major research works of economists and sociologists provide us with interesting insights on issues related to microfinance. Seibel and Parhusib (1990) in their study mentioned that expansion of credit coverage through state interventions approach was largely based on the premise that rural micro entrepreneur are unable to organize themselves. Thus they would needRead MoreMilan Faylu, A And Founder Of Eben Naturals Essay844 Words   |  4 Pagesan excellent product that is targeted specifically for them, agrees with the principles of The Monk and the Riddle in how passion is a substantial component of transforming an idea into a venture. During university, Milan stuck to economic and finance courses, which provided him with the cross functional skills that he uses today in the entrepreneurial world. However, he believes the main factor of entrepreneurship which is drive, can not be taught. It’s a question of: Are you really hungry? AndRead MoreEssay On Crowd Funding1016 Words   |  5 PagesCrowd funding is an alternative method available to entrepreneurs aiming to gain money to finance their business enterprises. Kickstarter is a popular website that helps aspiring inventors and artists find investors to fund various projects. It is often difficult to find a single investor to help finance a project, and crowd funding can help alleviate the need for a single investor. Crowd funding allows many financial backers to offer relatively small amounts of money to aid the development of