Business Start Up Assignment Example | Topics and Well Written Essays - 1500 words

Business Start Up - Assignment ExampleThe person give the sack also choose when to work and not to work when he is not highly motivated. This will give the person t produce high type output.Working alone and being self-employed means being in control of all the decisions that has to make. The person gets to decide on his acquaintance business plan, his own quality assurance activities, pricing and marketing methods. At the sae time, there is a 100% job security the person will never get fired. spate usually do what they want to do unless they are otherwise motivated. They must be motivated by themselves or by an external stimulus. Motivation is, in effect, inducing others in a specific way towards goals specifically stated by the motivator. In an organization these goals, as the motivation system, must conform to the corporal policy of the organization. The motivational system must be tailored to fit the needs of the organization. Joining the world of the self-employed is very r isky. Considering the freedom to choose how much time and when to work, who to work with, low operating cost, no hassle in beating the office hours, if everything goes well, earning more money is very possible without working for mortal else, it is worth the risk.2. Skills RequiredEntrepreneurship is a term in business that is always mistaken as something synonymous with small business. Basically, a businessman cannot be considered as an entrepreneur just by initiating the business, but rather by having a behaviour pattern that concentrates on opportunity rather than resources (Drucker, 2002). This behaviour can be applied in either small or corporate businesses, by any manager or leader. It can be said that referring entrepreneur as an individual who creates a business literally is incomplete, as the term also signifies most importantly a pattern of behaviour and attitude, and not just the touchable sole proprietor of the organization or the business. Churchill (1992) defined it as the process of uncovering and developing opportunity to create value through innovation and get hold of the opportunity without regard to either resources (human or capital) or the location of the entrepreneur - in a new or existing company (p.586). Hofstede (1997) stated the commentary of entrepreneurship in other terms, referring it as a process that takes place in different environments and settings which causes changes in the economic system through innovations brought about by individuals who chip in or respond to economic opportunities that create value for both those individuals and society (p.352). In other words, it is considered as individual or organizational level phenomena, or the experience of continuously searching for growth through improvement and innovation. The entrepreneur must possess typical characteristics such as the ability to take risks innovativeness knowledge on how the market functions manufacturing know-how marketing skills business management sk ills interpersonal skills, organizational skills (that I already shake off ) and the ability to cooperate (Buheiry, 1989). Possessed with such characteristics, entrepreneurs have shaped literally the economic condition of the world as we see it. They are the ones who are