INDIVIDUAL ASSIGNMENT 1 Essay Example | Topics and Well Written Essays - 2500 words

INDIVIDUAL ASSIGNMENT 1 - Essay Example Thus, the lessons learned at the early age become the foundation for an individual’s growth in the professional life. In addition, the experience gained in life within a shorter period of time is also imperative towards shaping the professional life of an individual. In my case, it was engineering and for Mr. Ramsay’s case it was the field of sports. Such decisions are taken at so early age, that there is hardly any self- knowledge or experience to support, whatever the decision has been made is the best and justifies the background to which an individual belongs. Thus, the best thing in this aspect is to expect that the future will be bright and will offer loads of opportunities. This study aims to shed light on the qualities of an entrepreneur and evaluate whether I posses those qualities or not. In order to verify it, the study will pursue different techniques. Once the characteristics and definition of entrepreneurship is being identified, a known entrepreneur will be chosen and his qualities will be compared with mine. A General Enterprising Tendency (GET) Test will be also carried out. Furthermore, interview session will be also held to get deeper insights. On the basis of the findings, a conclusion to the study will be drawn. Introduction – What Entrepreneurship Means to Me From the childhood days, I had a fascination on technology and as a result of that I have always been enthralled with new technological innovations. It is the interest in technology, which made me feel that innovation and discovery has been the fuel of comprehensive development of the society. My early role model was Charles Babbage, who is also known as the father of computers and the inventor of computers. However, with the course of time it shifted from an inventor to an entrepreneur. As I came to know about the life story of Bill Gates and understood the contribution made by him in the society, I contentedly considered him to be my role model. In addition, I a lso consider the recent sensation, Mark Zuckerberg to be one of my role models. When I slowly started to gain knowledge on social science, my perception of an entrepreneur was a person who has the ability to take risk and open a new firm. Although, the meaning of entrepreneurship, which I identified later, was much broader, this definition was not fully impractical. Rather, it was supported by a renowned scholar, where he states that entrepreneurs are the person who undertakes the risk of new enterprise (Mohanty 1). However, later I realized entrepreneur to be someone who has the ability to make correct judgmental decision pertaining to the coordination of sparse resources. In addition, I have also identified that an entrepreneur is an individual and not a committee, team or an organization. With deeper thought, I have been also able to identify that there are two types of entrepreneur namely successful entrepreneur and unsuccessful entrepreneur. Now, when I compare myself with succ essful entrepreneurs, I found that I also have the tendency to become self-suffice. However, I do not consider myself to be entrepreneur as I am yet to develop a firm which is self sustaining. Moreover, I also believe that a huge different exists between â€Å"thinking of becoming an entrepreneur† and ultimately â€Å"becoming a successful entrepreneur†. The challenge for every potential successful entrep