Skip to main content

What is the nature and the development of entrepreneurship?

Entrepreneurship is now such a popular buzzword that its actual meaning can get lost in the conversation. An entrepreneur is someone who starts a new business. While contractors and freelancers get paid for their own work, an entrepreneur invests money (either their own money or investors' money) in building a business that scales up and uses labor other than their own. The difference isn't simply size of the business. A solo freelance graphic designer with...

Entrepreneurship is now such a popular buzzword that its actual meaning can get lost in the conversation. An entrepreneur is someone who starts a new business. While contractors and freelancers get paid for their own work, an entrepreneur invests money (either their own money or investors' money) in building a business that scales up and uses labor other than their own. The difference isn't simply size of the business. A solo freelance graphic designer with a few assistants might have a larger revenue than an entrepreneurial firm that uses artificial intelligence to create company logos, but they are still structurally different.


The development of an entrepreneurial firm is usually described as "scaling". Often it begins with the work of a few employees for a limited client pool, but will depend for its success on having a business plan that can grow rapidly to become a significant player in a particular niche. As such businesses grow, they will often change structure from a sole proprietorship to an LLC and then aim to go public with an IPO enabling the founders to sell their shares in the company.

Comments

Post a Comment

Popular posts from this blog

How and why does James Gatz become Jay Gatsby? Describe the young Gatsby/Gatz.

James Gatz, a poor Midwestern boy of probable Jewish lineage, becomes Jay Gatsby, a presumed WASP and wealthy socialite, when he moves to New York City and acquires his fortune. It is wealth that has allowed Gatz to transform himself into Gatsby. However, those who know his background (e.g., Daisy and Tom Buchanan) never allow him to forget that he is nouveau riche -- that is, an upstart who has just recently made his fortune,... James Gatz, a poor Midwestern boy of probable Jewish lineage, becomes Jay Gatsby, a presumed WASP and wealthy socialite, when he moves to New York City and acquires his fortune. It is wealth that has allowed Gatz to transform himself into Gatsby. However, those who know his background (e.g., Daisy and Tom Buchanan) never allow him to forget that he is nouveau riche -- that is, an upstart who has just recently made his fortune, whereas they arose from well-to-do families. Gatz became Gatsby through determination and discipline. At the end of the novel, the narr...
Post a Comment
Read more

What gift did Della buy for Jim and why in "The Gift of the Magi" by O. Henry?

Della buys Jim a watch fob because his watch is his most prized possession. Della and Jim Young do not have much money. Despite this, Della really wants to buy Jim a good Christmas present. She is even willing to sell her hair to get him a nice gift. This is ironic because we learn Della and Jim both highly prize her hair. Now, there were two possessions of the James Dillingham Youngs in which... Della buys Jim a watch fob because his watch is his most prized possession. Della and Jim Young do not have much money. Despite this, Della really wants to buy Jim a good Christmas present. She is even willing to sell her hair to get him a nice gift. This is ironic because we learn Della and Jim both highly prize her hair. Now, there were two possessions of the James Dillingham Youngs in which they both took a mighty pride. One was Jim's gold watch that had been his father's and his grandfather's. The other was Della's hair.  Della is still willing to sell her hair so she can b...
Post a Comment
Read more

Explain and discuss how the definitions of freedom change for the nation, for the freedmen and for southern whites after the Civil War.

After the Civil War, the definition of freedom changed in the nation, as slavery was ended with the 13th Amendment to the Constitution in 1865. The practice of slavery was disallowed, but definition of the freedom that would take its place was a subject of controversy, ongoing debate, and even violence in the decades to come.  For freedmen, freedom often meant reconciling with their families, who were broken up by slavery; choosing which church to... After the Civil War, the definition of freedom changed in the nation, as slavery was ended with the 13th Amendment to the Constitution in 1865. The practice of slavery was disallowed, but definition of the freedom that would take its place was a subject of controversy, ongoing debate, and even violence in the decades to come.  For freedmen, freedom often meant reconciling with their families, who were broken up by slavery; choosing which church to belong to without being ordered to attend religious services (or not to attend) by their mast...
Post a Comment
Read more