Entrepreneurship is a bold venture for any investor to get involved in, and creating a successful business requires a massive amount of effort in terms of undertaking.In this sample essay, our expert writers respond to a prompt that asks the student to craft a unique business idea and discuss related market factors. The relationship between uncertainty and entrepreneur has been considered from many authors.
In essence, if we were to sell liquor and beer with a 400% profit (every $7.00 shot costs roughly $1.75), we can assume that we could sell at least five hundred shots or beers per night, generating $3,500 in gross sales.
TThis is a much bigger margin than other industries, especially clothing and retail.
Totaling these numbers up, we may generate more than one million in sales; however, because it is our first year of business, we are expecting turbulence and potential problems arising.
By the end of our second year of business we expect to be profitable.
Because there needs to be final decisions made in companies, it is prudent that while every founder receives the same money for their input and investment, they are not all equal behind the scenes.
Such a company would struggle to move forward with a long-term agenda.
That will be the other purpose of this essay – to describe the imperfect information and highlight how crucial is this information for the view of the entrepreneur. The most common is: People who is running his own enterprise, self-employed or small-business.
However, what kind of information the entrepreneurs needs to start their own business and is it possible to start the new business without any information? There is a so many different views of entrepreneur.
Although the tech industry is very appealing to both myself and other contemporary entrepreneurs, it is important to begin my business career doing something that will generate steady return before moving on to other projects.
Firstly, the market is ripe for expansion in the food and beverage industry and appeals to me as a stepping stone toward other business endeavors, thus making it easier to grow the business quickly and expand my personal wealth.