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Why entrepreneurship mindset matters
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The Entrepreneurial Mindset applies to many aspects of our professional lives. It's only recent that education has embraced these concepts in their curriculum. Needless to say, it is particularly relavent to management. Here are two quick videos that address these issues. The first video is in the context of engineering, but would apply to any field. https://www.youtube.com/watch?v=WZHvRpuemgkhttps://www.youtube.com/watch?list=PLyWZQ_NXtdaF6YYtS52J1X68i2jZyhnfR&v=8NBnoVrLFPU What do you think?What does it take to be successful as an entrepreneur?On a scale of 1 to 10, what is your level of personal interest in becoming an independent entrepreneur? Why did you rate yourself as you did?How would you assess your capability of becoming a successful entrepreneur? What are your strengths an
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Introduction
Entrepreneurship occurs when the entrepreneur uses his opportunities under the situation of uncertainty. The entrepreneur uses his skills and knowledge to introduce new goods or services, serve market in a better and effective way, develop new resources and systems. The entrepreneur explores opportunities in the various ways that help them to succeed. They can work on the domains that are ignored by the various large companies and can introduce the cheaper and simpler goods and services to capture large market share and earn profits in long run. For example, a touring Spain, Shayne Mc-Quade found out a problem on to recharging his cell phone during the trips (Hissinger, S, 2018). Observing the problem, he developed the backpacks that contain solar panels. It allows the devices to get charged from anywhere. The next section explains the importance of entrepreneurship mindset and why it matters.
Discussion
The entrepreneurship is the ability or willingness to start, manage and organize a new or existing business. All these activities involve huge risk that the entrepreneur has to bear in order to succeed and earn profits. The entrepreneur combines resources such as land, labor, capital and natural resources to earn profits. The entrepreneur is innovative and has risk taking ability. Both of these abilities are essential if the entrepreneur want to succeed in the competitive world. Bill Gross is an entrepreneur running various companie
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