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Entrepreneurial Life World

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An entrepreneur tends to possess a different lifestyle, which indicates the development of any new aspect of his life. Entrepreneurs often lead to a different life as compared to the employers of several companies. Certain differences could be found to get existed between the life of an entrepreneur as well as an employer. The role of entrepreneurship is essentially more risky in comparison with others who are involved in operating an existing business. In relation to the above context, an entrepreneur should have the quality of risk-taking ability, which will help in achieving the success of business within due time (Sarasvathy & et.

al. ,1998). It can be apparently observed that an entrepreneur also possesses the ability to address risks that arise during the business process. On the other hand, the person or the employer should also get the support of advanced prepared reserves, which will be used during the period of managing any sort of crisis situation. Another major difference can also be found considering the fact that an entrepreneur emphasizes reducing the tendency of risks and more vitally controlling the outcomes of the same.

Besides, it is essential that an entrepreneur should have the ability to frame several problems relating to the risk factors by taking into concern certain personal values. In contrast, the employers of any company only focus upon developing the sales or increasing the turnover of the company. Moreover, the employers also pay utmost attention to maximizing the outputs gained from the respective business operations (Keh & et. al., 2007). There exist certain values that are regarded to be the imperative features that highlight the process of the key success of an entrepreneur.

In this regard, the entrepreneurs should have a key focus upon building the team effectively. The main objective of entrepreneurship in this context is to pay utmost attention to building core values as well as principles relating to leadership quality. More specifically, it is also elaborated that an entrepreneur should bear a few values in the business process.

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preview essay on Entrepreneurial Life World
  • Pages: 7 (1750 words)
  • Document Type: Essay
  • Subject: Business
  • Level: Undergraduate
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