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Entrepreneurship and Small Business

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Mr. Thomas Mathews’ entrepreneurial venture mainly operates in the designing of question papers mainly for competitive exams which helps the students in both his home country and also those belonging to other regions to gain chance in popular universities. Further, the entrepreneurial activity would also help in designing of research papers to help the students pursue research operations in foreign universities. Mr. Mathews operating in the online paradigm seeks to gain further business opportunity through the writing of blogs which would help in the creation of articles to be mainly used for editorials and newspapers.

This business opportunity sought would help the concern gain enhanced revenues. The entrepreneur in order to be successful in his business operations is required to largely incorporate the factors of innovation and creativity in his endeavor to enhance the productivity of the business enterprise. Such innovation and creativity need to be ingrained in the minds of the people to help bring enthusiasm and excitement in the business operations (Wee, Lim and Lee, 1994, p. 25).   Mr. Thomas Mathews is also found to bring about a large amount of creativity in his entrepreneurial ventures through incorporating a Human Resource Information Scheme which would help the act like an online tracker for the employees.

Similarly, the Performance Tracking System was also rightly incorporated to generate automated feedback to the employees about their performances and areas which need improvement. This practice helped in improving the parameter of transparency in the business concern. The entrepreneurs whether managing a large or small business organization happen to encounter a large number of business risks both in regards to the legislative climate and other economic and financial distortions.

Things like changes in the policy and legal structure of the region combined with effects like a job and financial crunch happen to render a large number of business risks (Longenecker, et al. , 2005, p. 8).

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