Personal Narrative Essay on Entrepreneurship as a Career

Entrepreneurship is a long and tedious journey for those who wish to be successful and have the life they dream of; the tedious journey is one that I have always known I am up for. I have searched for the perfect occupation that would encompass all of my passions and views that I have for my future. However, when I learned that my passion was learning, I knew entrepreneurship was preeminent for me. Through my search for the ideal occupation, I found myself searching for jobs in which had no boundaries in how much one could improve. The career field allows an individual to acquire knowledge daily and never be bounded by limitations on autonomy. Along with my passion for learning, I found myself fascinated with business and the broad spectrum it provides. Entrepreneurship will provide me the freedom I strive for. I have worked tirelessly to guarantee I am prepared by possessing all of the important skills that an entrepreneur must have to succeed; I have worked hard to ensure I am currently prepared for entrepreneurship, along with setting specific goals for mid-career and what I hope to accomplish by retirement. 

Currently, there are many things I am doing to ensure I am successful in this career field. The field requires many personal skills and I work hard to strengthen these specific skills daily. Perhaps, the most important skill that an entrepreneur must possess is motivation. Becca Pike, a business coach and entrepreneur, explains that she became successful because she, “read a lot of books, listened to a lot of podcasts, became ‘obsessed’ with business, and then applied it to a real business.” Every entrepreneur I have questioned always gives me the advice to start learning about business now. Because of this advice and my avid motivation, I listen to business podcasts daily and read entrepreneur books in my free time. The more I read about and listen to business, the more I love it. Additionally, when I asked my grandmother, an entrepreneur, what the most important quality is for succeeding was, she stated, “The most important quality to succeed in a business is to always remain patient and always be on top of things. Success won’t come overnight. There will be countless problems that arise, and when they do, treat giving up as if it is not even an option” (Harper). I know that I will be prepared when problems arise because of my excellent troubleshooting skills. When working on a project, before I even start, I am usually already aware of all the possible problems that could occur; I try to always have solutions figured out so I am never caught off guard. Because I am prepared for the start of my career, I am confident that I will reach my mid-career goals.

By mid-career, I hope to be doing podcasts, working on a book, and coaching other aspiring entrepreneurs. At this point, I will have all the complications of my business figured out and have expanded my businesses in multiple areas. Because of all the knowledge that I will have acquired from my businesses, I will be prepared to give others advice. According to thebalancecareers.com, to increase your chances of reaching your long-term goals, one must have specific goals, have measurable goals, remain positive, be realistic, and be flexible (How to Set Short- and Long-Term Career Goals). By having these specific goals in place, I am already more likely to succeed. The best way to pursue these goals is to first open a business coaching business, then once I have proven myself successful in business coaching and have built a somewhat large clientele, I will begin working on my podcast and book. The biggest obstacle in this plan is that I will be basing my business coaching in Kentucky. Many people in Kentucky are not aware of business coaching, but in large states, business coaching is a nonnegotiable for entrepreneurship. Pike, who is also a business coach in Kentucky, discussed this issue and stated “Managing my mind and knowing that all beliefs start with my thoughts has helped a lot. If I think that no one in Kentucky understands life coaching, I will have a much harder time signing clients. If I think that the two percent of Kentucky residents that do know about life coaching are plenty of people to help my business succeed, then I will attract that energy and those clients.” The key to achieving these goals is to have a positive mindset. The reality is that two percent of Kentucky’s population is more than enough to start a business coaching platform. Then once my business grows in Kentucky, I will start working and marketing towards clients all over the nation. A drawback in entrepreneurship is only a drawback if I allow it to be. By being successful in these goals mid-career, I will achieve all that I wish to achieve by retirement.

By retirement, I hope I have paved the way for other entrepreneurs with my tried and true methods. Looking back on my career after I have retired, I want to know I encouraged others to take the entrepreneurship path so they can also have the life they dreamed of. According to Careeronestop.org, the benefits of being self-employed consist of having the opportunity to do what you love, having more flexibility, and being able to cut certain expenses (Self Employment). The flexibility that comes along with entrepreneurship will allow me to make time for my family while still having plenty of money to supply our wants and needs. I hope to have inspired thousands of aspiring entrepreneurs and know that I truly made an impact on their lives. Today, many young adults are told that they cannot make a living out of what they love to do. My main goal is to not only show them it is possible but guide them through the process of becoming wealthy from it. Through my businesses, podcast, book, and business coaching platform, I will look back and know I inspired thousands of individuals to make a living out of what they love, all while making a living out of what I love: entrepreneurship.

Overall, entrepreneurship is the ideal path for me. I have always been passionate about it and I will only grow more passionate about it. From a young age, I knew what it would take to become successful in the career field and have worked towards it ever since. Entrepreneurship requires specific skills such as motivation and troubleshooting skills, which I currently have. By mid-career, I will have a successful business coaching platform; I will be tirelessly working on books, podcasts, and my businesses. Because of that hard work, I will look back after retirement and know I never allowed any obstacle to hold me back. The entrepreneurship lifestyle will allow me to do what I love while inspiring others and supporting my family.

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So You Want to Be an Entrepreneur?

  • Emily Heyward

essay on entrepreneurship as a career

One founder’s advice on what you should know before you quit your day job.

Starting a business is not easy, and scaling it is even harder. You may think you’re sitting on a completely original idea, but chances are the same cultural forces that led you to your business plan are also influencing someone else. That doesn’t mean you should give up, or that you should rush to market before you’re ready. It’s not about who’s first, it’s about who does it best, and best these days is the business that delivers the most value to the consumer. Consumers have more power and choice than ever before, and they’re going to choose and stick with the companies who are clearly on their side. How will you make their lives easier, more pleasant, more meaningful? How will you go out of your way for them at every turn? When considering your competitive advantage, start with the needs of the people you’re ultimately there to serve. If you have a genuine connection to your idea, and you’re solving a real problem in a way that adds more value to people’s lives, you’re well on your way.

When I graduated from college in 2001, I didn’t have a single friend whose plan was to start his or her own business. Med school, law school, finance, consulting: these were the coveted jobs, the clear paths laid out before us. I took a job in advertising, which was seen as much more rebellious than the reality. I worked in advertising for a few years, and learned an incredible amount about how brands get built and communicated. But I grew restless and bored, tasked with coming up with new campaigns for old and broken products that lacked relevance, unable to influence the products themselves. During that time, I was lucky to have an amazing boss who explained a simple principle that fundamentally altered my path. What she told me was that stress is not about how much you have on your plate; it’s about how much control you have over the outcomes. Suddenly I realized why every Sunday night I was overcome with a feeling of dread. It wasn’t because I had too much going on at work. It was because I had too little power to effect change.

essay on entrepreneurship as a career

  • EH Emily Heyward is the author of Obsessed: Building a Brand People Love from Day One (Portfolio; June 9, 2020). She is the co-founder and chief brand officer at Red Antler, a full-service brand company based in Brooklyn. Emily was named among the Most Important Entrepreneurs of the Decade by Inc.  magazine, and has also been recognized as a Top Female Founder by Inc. and one of Entrepreneur’s Most Powerful Women of 2019.

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Essay on Entrepreneurship As A Career

Students are often asked to write an essay on Entrepreneurship As A Career in their schools and colleges. And if you’re also looking for the same, we have created 100-word, 250-word, and 500-word essays on the topic.

Let’s take a look…

100 Words Essay on Entrepreneurship As A Career

What is entrepreneurship.

Entrepreneurship means starting your own business. It’s like planting a tiny seed and nurturing it to grow into a big tree. Entrepreneurs create new things and solve problems by selling products or services. They are their own bosses.

Benefits of Being an Entrepreneur

When you’re an entrepreneur, you can follow your passion. You decide what to do and when to do it. The success of your business depends on your hard work and ideas. This can be very rewarding.

Challenges Entrepreneurs Face

Starting a business is tough. You might fail before you succeed. It takes time, money, and lots of effort. You’ll need to learn from mistakes and keep trying.

Skills Needed for Entrepreneurship

Entrepreneurs need to be brave, creative, and good with people. They must also know how to manage money and make good decisions. Learning never stops for an entrepreneur.

Is Entrepreneurship for You?

If you like taking risks and being creative, entrepreneurship could be a great career. It’s exciting because you get to make your own path and possibly change the world!

250 Words Essay on Entrepreneurship As A Career

Entrepreneurship means starting your own business. It’s like being the captain of a ship, but the ship is a company. You make all the big decisions and try to make your business successful.

Being Your Own Boss

One big part of entrepreneurship is that you get to be your own boss. This means you decide when to work and what to work on. You don’t have to follow orders from someone else. This can be fun because you can follow your own ideas and passions.

Risks and Rewards

Starting a business can be risky. Sometimes businesses succeed, but sometimes they don’t. When they do well, the person who started the business, called an entrepreneur, can make a lot of money and feel proud of what they’ve built. But if the business doesn’t do well, they might lose money.

Learning and Growing

Even if an entrepreneur’s business doesn’t work out, they learn a lot. They gain skills like planning, talking to customers, and solving problems. These skills are useful for any job they might want to do in the future.

If you like making your own choices and are okay with taking risks, entrepreneurship could be a good career for you. It’s important to be ready to work hard and learn from mistakes. Being an entrepreneur can be exciting and can help you grow in many ways.

500 Words Essay on Entrepreneurship As A Career

Entrepreneurship means starting your own business and being your own boss. It’s like planting a tiny seed and taking care of it every day until it grows into a big, strong tree. An entrepreneur is someone who comes up with an idea for a product or service and then works hard to turn that idea into a real business.

When you choose entrepreneurship as a career, you get to make all the important decisions. This can be very exciting because you can choose what you want to sell and how you want to sell it. You also get to set your own work hours, which means you can decide when to start and end your workday. But it’s not all fun and games; being the boss also means you are responsible for everything that happens with your business, good or bad.

Creating Something from Nothing

One of the coolest parts about being an entrepreneur is that you get to create something new. It’s like drawing a picture or building a model airplane. You start with an idea, and then you use your creativity and hard work to make it real. This can be a very rewarding experience because you get to see your ideas come to life and help people in some way.

Learning All the Time

Entrepreneurs are always learning. You might need to learn how to make a website, talk to customers, or keep track of money. Every day might bring a new challenge, and you’ll have to learn how to solve it. This is great if you like solving puzzles and learning new things. Plus, the more you learn, the better you can make your business.

Starting a business can be risky. Sometimes, even with a great idea and a lot of hard work, things don’t go as planned. You might lose money or have to close the business. But there are also big rewards. If your business is successful, you might make more money than you would working for someone else. You also get a sense of pride knowing that you built something on your own.

Helping Others

Entrepreneurs can also make a difference in the world. Your business might create jobs for other people. Or, the product or service you offer could help people in some way. Imagine inventing a new game that makes kids happy or opening a bakery that brings the neighborhood together. That’s a special feeling that you don’t always get from other jobs.

Choosing entrepreneurship as a career can be a big adventure. It’s not easy, and it takes a lot of courage and hard work. But for those who are willing to take the chance, it can be a way to make a living by doing something you love. You get to be creative, learn a lot, and maybe even make the world a little bit better. If you have a great idea and a passion for making it happen, entrepreneurship could be the perfect path for you.

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Home — Essay Samples — Life — My Aspirations — My Ambition to Be an Entrepreneur

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My Ambition to Be an Entrepreneur

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Entrepreneurship as a Career Path

Entrepreneurship as a career

The Entrepreneurs: Who Thrives?

1. Visionary Innovators:

Becoming an entrepreneur is a perfect fit for those who possess a relentless desire to challenge the status quo and bring new ideas to life. Visionary innovators thrive in an environment where they can identify market gaps and create disruptive solutions that meet customers' evolving needs. They possess the ability to envision a future that others cannot see, coupled with the determination to transform that vision into reality.

2. Passionate Risk-Takers:

Successful entrepreneurs exhibit a profound passion for their ventures. They are willing to take calculated risks and step outside their comfort zones to pursue their dreams. These individuals possess unwavering dedication and are undeterred by setbacks, utilizing failures as learning opportunities and fuel for growth.

3. Self-Motivated and Driven:

A career in entrepreneurship demands self-motivation, discipline, and an unyielding work ethic. Successful entrepreneurs are self-starters who possess the ability to prioritize tasks, manage time efficiently, and navigate through challenges independently. They are resilient in the face of adversity, continuously seeking personal and professional growth.

4. Resourceful and Adaptable:

Entrepreneurs must be resourceful problem solvers, capable of making the most out of limited resources. They have a natural ability to think creatively, find alternatives, and adapt to changing circumstances. Entrepreneurs who can adjust their strategies and pivot, when necessary, have a higher likelihood of achieving success.

The Challenges: Potential Obstacles

1. Risk and Uncertainty:

Entrepreneurship careers inherently involve risks, ranging from financial uncertainties to market volatility. Many startups face the risk of failure, as a significant number of new businesses do not survive beyond their first few years. The possibility of financial loss and instability may be a deterrent for individuals who prefer a more stable career trajectory.

2. Loneliness:

Entrepreneurship is sometimes a solo journey, especially in the early stages. Founders often shoulder the weight of decision-making alone, before creating a team or establishing a network. The isolation may be a psychological obstacle to overcome and require resilience and setting time aside to enjoy socializing with friends, family, and colleagues.

3. Work-Life Imbalance:

Building and running a successful business requires immense dedication and it could often blur the lines between work and personal life. Entrepreneurs often find themselves working long hours, sacrificing personal time, and dealing with significant stress. Achieving a healthy work-life balance can be challenging, and some individuals may struggle to maintain their well-being. It is also important to note that the work-life balance issue is not strictly a business-owner problem – there are many job positions that require sacrifices with regards to one’s personal life in order for an employee to advance.

4. Financial Considerations:

Starting a business sometimes requires a considerable financial investment, and early-stage ventures may face cash flow constraints. Entrepreneurs must be prepared for potential financial strain and be resourceful in seeking funding options. Financial stability and access to capital can significantly impact a business's chances of survival. On the plus side, service and skill-based businesses are often not capital intensive and require less money to start and run.

Entrepreneurship careers offer a world of opportunities for those with the right mix of skills, mindset, and determination. Visionary innovators, passionate risk-takers, self-motivated individuals, and resourceful problem solvers have the potential to thrive in the entrepreneurial ecosystem. Nonetheless, it is essential to acknowledge the challenges associated with this career path. Risk and uncertainty, isolation, work-life imbalance, and financial strain can be significant challenges to aspiring entrepreneurs. Understanding both the rewards and the potential pitfalls can help individuals make informed decisions about whether entrepreneurship is the right fit for them. Ultimately, the entrepreneurial journey is an adventure that requires a unique blend of passion, resilience, and adaptability to succeed.

*Disclaimer*: Harvard Business Services, Inc. is neither a law firm nor an accounting firm and, even in cases where the author is an attorney, or a tax professional, nothing in this article constitutes legal or tax advice. This article provides general commentary on, and analysis of, the subject addressed. We strongly advise that you consult an attorney or tax professional to receive legal or tax guidance tailored to your specific circumstances. Any action taken or not taken based on this article is at your own risk. If an article cites or provides a link to third-party sources or websites, Harvard Business Services, Inc. is not responsible for and makes no representations regarding such source’s content or accuracy. Opinions expressed in this article do not necessarily reflect those of Harvard Business Services, Inc.

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  • 1.1 Entrepreneurship Today
  • Introduction
  • 1.2 Entrepreneurial Vision and Goals
  • 1.3 The Entrepreneurial Mindset
  • Review Questions
  • Discussion Questions
  • Case Questions
  • Suggested Resources
  • 2.1 Overview of the Entrepreneurial Journey
  • 2.2 The Process of Becoming an Entrepreneur
  • 2.3 Entrepreneurial Pathways
  • 2.4 Frameworks to Inform Your Entrepreneurial Path
  • 3.1 Ethical and Legal Issues in Entrepreneurship
  • 3.2 Corporate Social Responsibility and Social Entrepreneurship
  • 3.3 Developing a Workplace Culture of Ethical Excellence and Accountability
  • 4.1 Tools for Creativity and Innovation
  • 4.2 Creativity, Innovation, and Invention: How They Differ
  • 4.3 Developing Ideas, Innovations, and Inventions
  • 5.1 Entrepreneurial Opportunity
  • 5.2 Researching Potential Business Opportunities
  • 5.3 Competitive Analysis
  • 6.1 Problem Solving to Find Entrepreneurial Solutions
  • 6.2 Creative Problem-Solving Process
  • 6.3 Design Thinking
  • 6.4 Lean Processes
  • 7.1 Clarifying Your Vision, Mission, and Goals
  • 7.2 Sharing Your Entrepreneurial Story
  • 7.3 Developing Pitches for Various Audiences and Goals
  • 7.4 Protecting Your Idea and Polishing the Pitch through Feedback
  • 7.5 Reality Check: Contests and Competitions
  • 8.1 Entrepreneurial Marketing and the Marketing Mix
  • 8.2 Market Research, Market Opportunity Recognition, and Target Market
  • 8.3 Marketing Techniques and Tools for Entrepreneurs
  • 8.4 Entrepreneurial Branding
  • 8.5 Marketing Strategy and the Marketing Plan
  • 8.6 Sales and Customer Service
  • 9.1 Overview of Entrepreneurial Finance and Accounting Strategies
  • 9.2 Special Funding Strategies
  • 9.3 Accounting Basics for Entrepreneurs
  • 9.4 Developing Startup Financial Statements and Projections
  • 10.1 Launching the Imperfect Business: Lean Startup
  • 10.2 Why Early Failure Can Lead to Success Later
  • 10.3 The Challenging Truth about Business Ownership
  • 10.4 Managing, Following, and Adjusting the Initial Plan
  • 10.5 Growth: Signs, Pains, and Cautions
  • 11.1 Avoiding the “Field of Dreams” Approach
  • 11.2 Designing the Business Model
  • 11.3 Conducting a Feasibility Analysis
  • 11.4 The Business Plan
  • 12.1 Building and Connecting to Networks
  • 12.2 Building the Entrepreneurial Dream Team
  • 12.3 Designing a Startup Operational Plan
  • 13.1 Business Structures: Overview of Legal and Tax Considerations
  • 13.2 Corporations
  • 13.3 Partnerships and Joint Ventures
  • 13.4 Limited Liability Companies
  • 13.5 Sole Proprietorships
  • 13.6 Additional Considerations: Capital Acquisition, Business Domicile, and Technology
  • 13.7 Mitigating and Managing Risks
  • 14.1 Types of Resources
  • 14.2 Using the PEST Framework to Assess Resource Needs
  • 14.3 Managing Resources over the Venture Life Cycle
  • 15.1 Launching Your Venture
  • 15.2 Making Difficult Business Decisions in Response to Challenges
  • 15.3 Seeking Help or Support
  • 15.4 Now What? Serving as a Mentor, Consultant, or Champion
  • 15.5 Reflections: Documenting the Journey
  • A | Suggested Resources

Learning Objectives

By the end of this section, you will be able to:

  • Define entrepreneur and entrepreneurship
  • Describe types of entrepreneurial careers and lifestyles
  • Understand entrepreneurs as problem solvers
  • Explain current factors driving the growth of entrepreneurship
  • Compare differences in entrepreneurial opportunities around the globe

As we delve into the study of entrepreneurship, let’s define what we mean by the word entrepreneur . An entrepreneur is someone who identifies and acts on an idea or problem that no one else has identified or acted on. This combination of recognizing an opportunity to bring something new to the world and acting on that opportunity is what distinguishes an entrepreneur from a small business owner. A small business owner is someone who owns or starts a business that already has an existing model, such as a restaurant, whereas an entrepreneur is someone who creates something new. This new creation can be a new process or product, a business that identifies a new or unique target market, or a combination of ideas that creates a new approach or method, for example.

In a broader sense, what people consider an entrepreneur can vary. Some scholars strictly differentiate between entrepreneurs and small business owners. 5 Others acknowledge that a small business owner may also be an entrepreneur—they are not mutually exclusive. Someone may start a venture that is not a completely new idea, but that introduces a product or service to a new region or market. Where does a franchise fall in this discussion? Again, there is not complete agreement, with some claiming that a franchisee and entrepreneur cannot be the same, and others arguing that a franchise is, indeed, an entrepreneurial venture. According to an article in Forbes , “In the for-profit world, an entrepreneur is someone who creates and runs a new business where one did not exist before. And, no, the McDonald’s franchisee didn’t create McDonald’s. But he certainly created a McDonald’s where there never was one before. Franchisees are entrepreneurs.” 6 The point is that small business owners and franchisees can be considered entrepreneurs. For the purposes of this course, you will learn the key principles of entrepreneurship alongside the concepts, strategies, and tools needed to succeed as a small business owner or franchisee.

Entrepreneurs have many different talents and focus on a variety of different areas, taking advantage of many opportunities for entrepreneurial ventures. An entrepreneurial venture is the creation of any business, organization, project, or operation of interest that includes a level of risk in acting on an opportunity that has not previously been established. For some entrepreneurs, this could be a for-profit venture; for other entrepreneurs, this could be a venture focused on social needs and take the form of a nonprofit endeavor. Entrepreneurs might take a variety of approaches to their entrepreneurial venture, such as those shown in Table 1.1 .

In this course, you will explore these myriad avenues toward entrepreneurship.

Are You Ready?

How do you define success.

What is your personal definition of success? How would you define success for your venture idea? Take time to consider these questions carefully.

  • Write your answers to both questions as formal descriptions of your definition of success.
  • After completing your definitions, meet with your family members or your personal support group (the important people whose support you need to achieve the defined success statement) to discuss your personal definition of success.
  • After hearing their input, you might want to revise your personal success statements.

Follow through with this activity by talking to your startup team or other supporting people about your venture’s success definition. This activity may help guide you in decision-making throughout your life journey and the journey of starting your venture. It will also be helpful when you and your startup team create a vision statement for your venture.

The Entrepreneurial Lifestyle and Career

People often have thought of entrepreneurs as corporate rebels, nonconformists, or activists. Being an entrepreneur has become synonymous with being an innovator, a change agent, or a risk taker. Regardless of job titles or descriptive characteristics, entrepreneurship has a universal appeal for how people think and engage with the world.

Choosing the path of entrepreneurship requires a willingness to take on calculated risks. The difference between risk and calculated risk is due diligence , or conducting the necessary research and investigation to make informed decisions that minimize risk. Not everyone is comfortable letting go of a steady paycheck, especially when we know that there is no long-term guarantee that the paycheck will continue into the future. In one approach to minimizing personal financial risk, some startup entrepreneurs continue with their current employment while working on the side to develop their idea into a venture that eventually will generate an income. Until the venture requires near full-time work and generates income, maintaining an outside income works well for many entrepreneurial teams.

Consider the eyeglass startup Warby Parker ( Figure 1.2 ). Dave Gilboa and Neil Blumenthal , lead entrepreneurs for Warby Parker, were still working their normal jobs when they approached an angel investor with their idea. The angel investor asked a few questions and wasn’t impressed. This investor believed that Gilboa and Blumenthal should demonstrate their solid commitment to the venture by quitting their day jobs to dedicate more time and energy to Warby Parker. Instead of following that advice, Gilboa and Blumenthal kept their day jobs while they continued to work toward building their venture, and Warby Parker eventually became highly successful. There are many paths to becoming an entrepreneur, and many paths to creating a successful venture (see Entrepreneurial Journey and Pathways ). It is important to identify the path that works best in your life—and for the venture—and that supports your goals and your unique situation and visions.

Within the entrepreneurial world, the idea of a lifestyle venture has evolved to mean a business in which the founders’ primary focus is the lifestyle they will attain through becoming entrepreneurs, rather than a primary interest in financial rewards through the selling of the business. Within the entrepreneurial world, harvesting is the typical exit strategy. The harvest is the point at which the investors and entrepreneurial team receive their return on creating and building the venture.

For a lifestyle venture, the entrepreneur is more likely to be a solo entrepreneur, someone who moves forward in starting a new venture without the support of a team or group of likeminded individuals who recognize the value or potential of an entrepreneurial idea that could potentially result in significant returns. A lifestyle venture is also more likely to be funded through family and friends, and more traditional methods such as a bank loan or a small business loan. This lifestyle includes greater freedom to decide areas of responsibilities, hours of contribution to the venture, and other decisions that support the desired lifestyle. An example of a startup lifestyle venture is The Wander Girls , a company that identified the unique concerns of women traveling alone. 7 The Wander Girls organizes trips and events for groups of women traveling in India. A team member organizes the trip, travels with the female tourists, and handles daily interactions and transactions.

Another example of a lifestyle venture is based on how an entrepreneur aligns values, interests, and passions to create a balance between enjoying life and earning enough money to support those passions. Roxanne Quimby had a passion for living off the grid, creating her own life in the woods of Maine, and not being restricted by the rules and regulations required when working as an employee. After becoming a parent, Quimby faced the challenges presented by her lifestyle choices and started making candles to earn enough money to support her family. Eventually, Quimby’s lifestyle candle-making business expanded into the highly successful Burt’s Bees Corporation , moving her lifestyle business into a career as the CEO of Burt’s Bees ( Figure 1.3 ). After selling Burt’s Bees to Clorox Co. , Quimby continued her passion for the north woods of Maine by donating land and money to create a wildlife sanctuary and preserve that land from development.

Quimby’s latest endeavors include creating a pasta company, My Pasta Art , focused on increasing employment opportunities for people in northern Maine, 8 and building the tourist industry to encourage people to enjoy the region’s beautiful habitat and scenery. Although she is highly successful from a financial perspective, money was never the motivation for her ventures. As you can see, there are many paths to finding your career in entrepreneurship, and multiple trigger points at which you might make the decision to become an entrepreneur.

What Can You Do?

How can you put your strengths to work.

Create a list of ten strengths that you currently possess. If you need help creating your list, ask your friends or family what they believe you are good at doing. Think about what achievements you have accomplished, what compliments you have received, and what people say about you. The answers to these questions will help you identify your strengths.

  • Create a list of ideas that build off your strengths or are related to your strengths.
  • Then analyze this list to create another list of possible businesses that you could start that relate to your strengths.

The Entrepreneur as a Problem Solver

What are some challenges you face in your life? Have you ever actively thought about how you could solve those problems? Or have you actively identified exactly what the problem is from an analytical perspective? We often have a tendency to jump quickly from noticing a problem to selecting a solution, with little understanding of whether we have even correctly identified the problem. Identifying the problem—and testing the potential, novelty, and feasibility of your solution—is an important part of resolving the problem. Often, when we start to explore the problem, we find that it has multiple causes. Among them are:

  • The need for something to be better, faster, or easier
  • The effects of changes in world on your industry, product, or service
  • Market trends based on geography, demographics, or the psychology of the customers

You will learn more about identifying opportunities in Identifying Entrepreneurial Opportunity and Problem Solving and Need Recognition Techniques .

One characteristic of a savvy entrepreneur is recognizing the ability to identify a problem from an opportunity-identification perspective. We might identify feeling hungry as a problem, but an entrepreneur would identify the problem using an opportunity-identifying perspective by determining how the problem could be translated into an opportunity to create a new venture—perhaps combining the problem of feeling hungry between meals into a street kiosk or a vending machine with food choices or creating a new snack that is nutritious, satisfying, and portable. People need to eat, and they get hungry, but during a busy day with no open time or convenient food, people end up hungry. Rephrasing the problem, or need, from an opportunity viewpoint opens the search for a sustainable solution beyond the simple awareness of feeling hungry. We might solve this problem by opening a snack bar with offerings that contain essential vitamins and proteins, and is easy to transport with a long shelf life. Understanding the problem from the perspective of how to solve it for one person into how to solve it for multiple people rephrases the problem into an opportunity-identification perspective.

You might also have an interest in solving food-related problems on a larger scale. People trapped in a war-torn region may not be able to leave the safety of their shelters to find food, grow food, or barter for food, or they may not have the money to buy food. How could you reach your target market within a war-torn area? Red Cross emergency response vehicles traveled 2.5 million miles to deliver food, relief supplies, and support to communities affected by disasters during 2017. 9 That’s the equivalent of driving around the globe 103 times. Could your idea of creating a snack bar fit into a partnership with the Red Cross?

Although this might seem like a simple problem with a simple solution, persevering from the recognition of a problem to finding a realistic solution, then moving that solution forward into a successful venture, requires an entrepreneurial mindset. Every day, people become entrepreneurs as they identify and solve problems, or face new challenges or frustrations, and resolve them in creating products or services to address these issues.

Recognizing Problems

In your daily life, what problems do you encounter? What would make your life easier? How would you finish this sentence: “If only ________ existed, my life would be better or easier”? To spur your creativity, you might research global problems to find an area that interests you, that sparks your passion for living a fulfilling life. When identifying a problem, consider process-related problems as well as service-related problems.

For more ideas like Chloe Huang ’s, visit the UNESCO Global Action Programme on Education for Sustainable Development (https://en.unesco.org/gap) and review other submissions that may activate your own creativity in thinking about how you want to contribute your skills and knowledge to improve our world.

  • What problem have you identified?
  • What can you do to resolve that problem?

Factors Driving the Growth of Entrepreneurship

Do you know anyone who has lost their job? Or who has been rejected or mistreated at work? Or had their income reduced, or benefits removed? Research shows that 47 percent of all US employment is at risk through artificial intelligence and other technologies, although there will also be new opportunities for jobs that currently don’t exist. 10 These types of experiences and outlooks have provided the impetus for many people to start their own businesses. When we work for someone else, we are at the mercy of their decisions and actions, but we get paid and don’t carry the full risk of their decisions. When we work for ourselves, we get to make the decisions (not that making decisions is easy). But when we have our own business, we have greater control—in exchange, we also carry the risk for all decisions we make. This control over decision-making is one reason that some people find the world of entrepreneurship attractive.

Another contributing factor to the desire to become an entrepreneur is the excitement and fun of creating something new. Many entrepreneurs are excited at the idea of moving the concept through to the materialization of the idea.

A third factor that supports the growth in entrepreneurship is the combination of retirement and longer life expectancies. Many people enjoy working. For them, retirement consists of too much open time and not enough activities or the type of engagement with the outside world that fulfilled their needs during their working lives. Retirement also presents unique financial considerations, depending on an individual’s lifetime savings and planning. The combination of having available time and a desire for continued earnings encourages some older adults to explore their own entrepreneurial opportunities.

A fourth factor driving the growth of entrepreneurship is the expanding awareness and support of entrepreneurship as a viable career choice. In much of the twentieth century, families encouraged their children to find a stable career with a large corporation. During this era, there was a certain expectation of reciprocal loyalty between the employer and the employee based on some traditional employee-employer roles in that century. The general, informal agreement was that if employees came to work every day and fulfilled their responsibilities, they would have long-term employment with that corporation. But as competition increased and new business practices evolved, this unspoken guarantee no longer held true. The model of certainty of employment gradually disappeared. As people acquired a new perspective on their careers and income, they increasingly realized that we are all responsible for our own paths. Most studies suggest that people change their careers between three and seven times. 11 Note that this is not how often people change jobs, but how often they change their careers, moving from one industry to another, or moving from one type of work to a different type of work. The older model of stability through working hard for someone else has vanished. This awareness and acceptance have encouraged recent generations to consider creating their own futures through entrepreneurial ventures.

Just as individuals have become aware of the benefits of entrepreneurship, communities and organizations have also become aware of how entrepreneurial ventures add economic development and enhancements worth supporting, bolstering opportunities for those who decide on this path.

Entrepreneurship around the Globe

In the United States, entrepreneurial opportunities abound, relatively speaking. Between 1990 and 2014, the number of campus-based entrepreneurship education programs increased from 180 to over 2,000. 12 Comparing globally, the United States has the greatest number of entrepreneurial ventures, with Switzerland, Canada, Sweden, Denmark, and Australia following in order, according to Global Entrepreneurship Index , a global consulting firm ( Figure 1.4 ).

Why is the United States leading with the greatest number of entrepreneurial ventures? What does it take to become an entrepreneur? In addition to having an entrepreneurial mindset (see The Entrepreneurial Mindset ), entrepreneurs also need education and funding to support their new ventures.

You will learn more about funding in Entrepreneurial Finance and Accounting , but as an introduction, you should know there are three primary sources of outside funding: family and friends, angel investors, and venture capitalists. Some family members and friends are willing and able to invest money in helping the entrepreneurial team. An angel investor is someone who has available funds and an interest in supporting a new venture. They are often entrepreneurs who have successfully launched and harvested their own ventures, and who have an interest in helping other entrepreneurs in their startups, staying active in the entrepreneurial world, and a desire to receive a return on their investment in the venture. Angel investors often provide funding early in the life of a venture. As the venture grows, it typically requires more funding, at which time venture capitalists may invest in the venture. A venture capitalist (VC) is a group of people (or organizations) who pool resources to invest in entrepreneurial ventures, contributing larger sums of funds than are available through angel investors. In each funding round, investors receive an equity stake in the venture with expectations that at some point in the future, the venture will be sold, or harvested, at which time the investors will receive a return on their investment. Because they tend to be in larger groups, VCs typically have access to larger amounts of money and resources than individual angel investors. (You will also learn about other types of financing, such as bank loans and bootstrapping, in Entrepreneurial Finance and Accounting .)

In the United States, VCs contributed $72.3 billion in 2015 for 3,916 deals, or funding rounds. In China that same year, $49.2 billion were invested in 1,611 ventures. 13 European VC investment totaled $14.4 billion and 1,598 deals. Tracking these numbers over time shows steady increases in VC funding as entrepreneurial ventures have become more common ( Figure 1.5 ).

Other factors that can affect entrepreneurial opportunity include employment rates, government policies, and trade issues. For example, in the Middle Eastern kingdom of Saudi Arabia, a newer driver of entrepreneurship includes a high unemployment rate with a large percentage of the population in its prime earning years. In the past, employment was less of a concern because of dependency on state support from oil revenue. The population received monthly allotments to cover expenses from state-owned oil production. More recently, the population has become restless, with a desire to become productive and have greater control over their own resources. And the rulers recognize that oil production income is volatile and unsustainable. Today, with more future-oriented leaders, countries in the Middle East desire to encourage their citizens to consider starting their own businesses. 14 The example of entrepreneurship in the United States has spread around the globe, with other countries taking an interest in developing support systems to encourage their populations to become entrepreneurs.

As noted, the United States is a world leader in entrepreneurial innovation. Perhaps because the United States is, in large part, a nation of immigrants, with people arriving from all over the world, Americans have few prescribed traditions that encourage conformity. America’s longstanding traditions and reputation for individualism, ingenuity, and self-reliance have reinforced this mindset. However, the governments of other nations have discouraged their citizens from independent or innovative thinking. Some cultures emphasize political, cultural, and economic unity, and place a strong value on not being noticed, blending in, and following prescribed habits and traditions. Countries like Japan, France, Russia, China, and others continue to reflect these norms. Other countries have complex bureaucracies that prevent quick responses and place barriers to entrepreneurial activities. Parts of worldwide economic structures (banking, investments, and technology) are not accessible or even explicitly exclude some nations and the poor. Systems like this discourage people from coming forward with entrepreneurial ideas because the culture and bureaucracy prevent people from finding access to information necessary for the successful advancement of an idea. In contrast, other countries are noticing the benefits of encouraging their populations to become more open-minded and creative through new ventures.

Link to Learning

Transparency International is an organization that tracks corruption, which can be an inhibitor to entrepreneurship. The Transparency International website provides information to rank 180 countries in identifying the abuse of entrusted power for private gain. 15

Key characteristics that encourage entrepreneurship include support for freedom to create and innovate. What conditions encourage creativity and innovation? Acceptance of failure is a key characteristic for success as an entrepreneur. Many of the great inventions in the United States resulted after dozens of failures, as when Thomas Edison eventually developed a working light bulb. Edison identified a problem: Once the sun set, working hours were restricted, as were daily activities such as reading a book or washing dishes. Edison, along with many other inventors, recognized the need for an artificial light source. Consider how complex this idea was and how many failures must have occurred before creating a product that emitted light.

Another condition that encourages entrepreneurial behavior is the ability and opportunity to connect with other people to discuss ideas, problems, challenges, and solutions. This connection with other people, in an open environment that supports the exchange of ideas, is essential for encouraging creativity and innovation.

With the advent of the Internet, people around the planet are becoming increasingly aware of geopolitical and environmental situations across the globe. As more people observe these changes and situations, more people exchange ideas. These discussions can generate new opportunities for people to discover methods for solving problems. Any one of us could be living in one country but identifying a problem in another country. Given our interests and backgrounds, we could actively choose to develop a solution for that problem. What we need, as a general approach, is an efficient and transparent way to form companies and enable constructive competition, along with continued free and fair trade.

These are just some of the areas that many nations and organizations consider as they seek to encourage a transition away from group-prescribed thinking toward uniquely individual entrepreneurial ideas. Each of us encounters life from a different perspective. Although we all might recognize the restrictions presented by the sun setting every night, only a few people might question why we couldn’t change that situation by creating our own light. Similarly, someone in another country may observe our country (or vice versa) and ask why that country has a particular problem. Meanwhile, people living with that problem may have become so accustomed to it that they might not recognize the opportunity to seek solutions.

Increasing opportunities in entrepreneurial education are also driving growth. More colleges and universities are teaching entrepreneurial studies and opening entrepreneurial centers that encourage students from every discipline to become entrepreneurs. 16 , 17 As the employment and entrepreneurial landscape continue to evolve, some institutions have started offering courses to prepare students for work in the gig economy. 18 In fact, some of the best new entrepreneurial ideas come from groups of students in different majors who collaborate to create new, innovative business ideas that meet specific needs and challenges in today’s world. In some cases, students from different universities around the globe are connecting to come up with business ideas to solve global problems, such as the lack of clean drinking water and the need for medical vaccination programs. Technology and global travel have made such partnerships more common and very productive.

The world of entrepreneurship opens doors for each of us to look beyond our own self-created barriers and explore opportunities around the world. Consider the creation of Starbucks , borne from the realization of how pleasant it can be to sit at a European café and drink excellent coffee. Awareness of an idea that is commonplace in one country, but new to a different country, presents the possibility of introducing that idea to another nation. In the Starbucks example, was there a problem that needed to be solved? Not necessarily, but the founder, Howard Schultz , had a desire to bring a specific quality-of-life element from one country to another, a business idea with an entrepreneurial aspect. One of the entrepreneurial aspects of creating Starbucks was the idea of mass expansion of coffee shops. Prior to Starbucks, the idea of creating a high-quality coffee drink hadn’t been developed. Even more significant was the idea of expanding the business across the United States and then around the world.

Given the growth of coffee shops throughout the United States, we might not think that this idea is innovative, but before Starbucks, coffee typically was served at a diner, and it was served out of habit, rather than as the main attraction. With Starbucks, people changed their ideas about coffee and their coffee-drinking habits. Although businesses like Dunkin’ Donuts served coffee, their focus was on selling donuts, not coffee. As Starbucks grew through repositioning coffee as their main product, other companies like Dunkin’ Donuts and McDonalds realized the missed opportunity in not reinventing the coffee market with multiple choices of high-quality coffee. In fact, Dunkin’ Donuts has changed its name to just “ Dunkin ,” removing the emphasis on doughnuts. 19

Social and Environmental Issues and Opportunities

A social entrepreneur has an interest in solving a social, environmental, or economic problem. A social entrepreneur identifies a problem with a social or community focus, a concern for quality of life, or concern for our entire planet’s health (you will learn more about social entrepreneurship in The Ethical and Social Responsibilities of Entrepreneurs ). One such person is Angad Daryani , a young serial inventor. Daryani left school in the ninth grade to join the Media Lab at the Massachusetts Institute of Technology (MIT), where he worked on an industrial-scale air filter to clean pollutants and carcinogens out of our planet’s air. Daryani’s home country of India is the world’s third largest emitter of carbon dioxide, according to Global Carbon Atlas, behind China and the United States ( Figure 1.6 ). 20

Social Entrepreneurship

Consider a social issue that you might feel compelled to take on as a passion project. Some social issues include childhood hunger, access to clean water, access to education, or opioid abuse. Watch Johann Hari’s Ted Talk on addiction to learn more.

  • Do you have any ideas for creating an entrepreneurial venture around the idea of building quality relationships and communities?
  • How would you balance a passion project with an entrepreneurial purpose?

Not only is Daryani interested in solutions for air pollution, but his product will also provide financial gains and add to his personal credibility as a serial entrepreneur , or someone who starts and harvests multiple entrepreneurial ventures. Darvani describes himself as an inventor and social entrepreneur, combining his interest in improving lives through a variety of entrepreneurial ventures including products like Sharkits (a do-it-yourself-kit company that teaches children how to build technology), the SharkBot 3D Printer (an attractive, low-cost, and reliable 3D printer), and several other projects that combine technology and human needs. As each of these products advances to commercialization, the products and technology are becoming more applicable for other uses as well. For more examples of projects that Darvani is working on, take a look at his website (http://www.angadmakes.com), which includes videos and articles, and highlights the international recognition he has received for his innovative work.

Entrepreneur In Action

Angad daryani.

Research Angad Daryani and his technology to remove air pollution (https://www.cnn.com/2018/03/28/health/angad-daryani-tomorrows-hero/index.html).

  • What other products could this technology or methodology be used for, besides the originally intended application of improving air quality?
  • What critical decisions would you anticipate that Angad will face in creating and commercializing his product?
  • How would you define success for Angad or this air-cleaning company?
  • 5 Hamid Bouchikhi. “A Constructivist Framework for Understanding Entrepreneurship Performance.” Organization Studies . July 1, 1993. doi.org/10.1177/017084069301400405; William D. Bygrave and Charles W. Hofer. “Theorizing about Entrepreneurship.” Entrepreneurship Theory and Practice 16, no. 2 (1991): 13–22.; Michael A. Hitt, R. Duane Ireland, S. Michael Camp, and Donald L. Sexton. Strategic Entrepreneurship: Creating a New Mindset . (Hoboken, NJ: Wiley-Blackwell, 2002).; Jeffry A. Timmons. New Venture Creation: Entrepreneurship for the 21st Century . (Irwin Press, Burr Ridge, IL: Irwin Press, 1994).
  • 6 Paul B. Brown. “Franchisees Are Entrepreneurs (Let the Debate Begin).” Forbes . September 19, 2012. https://www.forbes.com/sites/actiontrumpseverything/2012/09/19/franchisees-are-entrepreneurs-let-the-debate-begin/#55c9fb8f2bf3
  • 7 The Wander Girls. n.d. http://thewandergirls.com/
  • 8 Mary Pols. “Making Pasta’s the New Focus for Roxanne Quimby.” Portland Press Herald . August 13, 2017.
  • 9 American Red Cross. “2017 in Review: Red Cross Delivers More Food, Relief Items, and Shelter Stays Than Last 4 Years Combined.” December 18, 2017. https://www.redcross.org/local/georgia/about-us/news-and-events/news/2017-in-Review-Red-Cross-Delivers-More-Food-Relief-Items-and-Shelter-Stays-than-Last-4-Years-Combined.html
  • 10 Carl Benedikt Frey and Michael A. Osborne. “The Future of Employment: How Susceptible Are Jobs to Computerization?” Technological Forecasting and Social Change 114 (2013): 254–280. https://www.oxfordmartin.ox.ac.uk/downloads/academic/The_Future_of_Employment.pdf
  • 11 Dawn Rosenberg McKay. “How Often Do People Change Careers?” The Balance . September 20, 2019. https://www.thebalancecareers.com/how-often-do-people-change-careers-3969407
  • 12 Infographic.ly Team. “Infograpic: The Growth of Entrepreneurship around the Globe.” Entrepreneur Middle East . January 26, 2017. https://www.entrepreneur.com/article/288286
  • 13 Infographic.ly Team. “Infographic: The Growth of Entrepreneurship around the Globe.” Entrepreneur Middle East . January 26, 2017. https://www.entrepreneur.com/article/288286
  • 14 Infographic.ly Team. “Infographic: The Growth of Entrepreneurship around the Globe.” Entrepreneur Middle East . January 26, 2017. https://www.entrepreneur.com/article/288286
  • 15 Transparency International. n.d. www.transparency.org
  • 16 National Survey of Entrepreneurship Education. n.d. www.nationalsurvey.org
  • 17 “The Princeton Review & Entrepreneur Name the Top Undergraduate & Graduate Schools for Entrepreneurship Studies for 2020.” Cision PR Network. November 12, 2019. https://www.prnewswire.com/news-releases/the-princeton-review--entrepreneur-name-the-top-undergraduate--graduate-schools-for-entrepreneurship-studies-for-2020-300955876.html
  • 18 Diane Mulcahy. “Universities Should Be Preparing Students for the Gig Economy.” Harvard Business Review . October 3, 2019. https://hbr.org/2019/10/universities-should-be-preparing-students-for-the-gig-economy
  • 19 Kate Taylor. “Dunkin’ Donuts Is Officially Dropping the ‘Donuts’ from Its Name Despite Earlier Backlash.” Business Insider . September 25, 2018. https://www.businessinsider.com/dunkin-donuts-changes-name-no-donuts-2018-9
  • 20 “Fossil Fuel Emissions.” Global Carbon Atlas. 2017. http://www.globalcarbonatlas.org/en/CO2-emissions

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Home Essay Samples Business Entrepreneurship

Entrepreneurship as a Career: Navigating the Path of Innovation

Table of contents, the allure of entrepreneurship, advantages of entrepreneurship as a career, challenges and uncertainties, attributes of successful entrepreneurs, support and resources, conclusion: forging a unique path.

  • Independence: Entrepreneurs have the autonomy to make decisions, set their own schedule, and chart their course.
  • Potential for High Rewards: Successful entrepreneurship can lead to substantial financial rewards and unlimited earning potential.
  • Creative Freedom: Entrepreneurs have the freedom to bring their unique ideas to life, fostering innovation and creativity.
  • Flexibility: Entrepreneurship offers the flexibility to balance work with personal life and adapt to changing circumstances.
  • Impact: Entrepreneurs have the opportunity to solve problems, address unmet needs, and make a positive impact on society.
  • Financial Risk: Entrepreneurship often requires personal financial investment, and success is not guaranteed.
  • Uncertain Income: Income may be irregular, especially in the early stages of a venture.
  • Work-Life Balance: The pursuit of entrepreneurship can blur the lines between work and personal life.
  • Decision Fatigue: Entrepreneurs are responsible for all decisions, which can lead to decision fatigue and stress.
  • Market Competition: The competitive landscape can be fierce, requiring constant innovation to stay ahead.
  • Resilience: The ability to bounce back from setbacks and maintain a positive attitude is crucial.
  • Adaptability: Entrepreneurs must be open to change and willing to pivot when necessary.
  • Risk-Taking: Calculated risk-taking is essential for seizing opportunities and driving growth.
  • Problem-Solving: Effective problem-solving skills enable entrepreneurs to address challenges creatively.
  • Networking: Building a strong network of contacts can provide support, mentorship, and business opportunities.
  • Passion: A deep passion for the venture drives motivation and sustains entrepreneurs during tough times.
  • Incubators and Accelerators: These programs offer resources, funding, and mentorship to help startups grow.
  • Networking Events: Entrepreneurial communities host events that facilitate networking and collaboration.
  • Mentorship Programs: Experienced entrepreneurs can provide valuable guidance and insights to newcomers.
  • Online Learning Platforms: Online courses and resources can help aspiring entrepreneurs develop essential skills.

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Essay on Entrepreneurship as a Career

I want to be an entrepreneur. I want to have my own business. I want to be my own boss. These phrases are so easy to say, but for many it ends there. More often than not, entrepreneurial dreams remain just that, a dream. There are entire college courses taught on the topic of entrepreneurship . You can even earn a bachelor’s degree in it, but do you really need one to become an entrepreneur. As so many successful people around can attest to, the answer is no. It is just about developing the right approach, the right attitude and the willingness to execute.

The dreams of many would be entrepreneurs or want-a-preneurs are usually cut short almost immediately due to a seeming lack of one vital ingredient, a business idea. Coming up with one may seem like a no-brainer to some, but for the vast majority of first-timers out there it might as well be the result of some long lost arcane art. However, certain exercises do exist which have the potential to flush out that business idea, passion project or certain itch that just has to be scratched.

Focusing on the low hanging fruit may not have the excitement or pizzazz that a revolutionary idea might have but it may still yield the desired effect. Pick a field of interest and determine where customers like yourself are spending their time, money and attention. Then it is a simple matter of creating a pivot product within the same category.

Then there’s the personal approach. Search deep within the recesses of your mind and gut and ask yourself this question, “Is there an itch that I need scratched?”Do you have a need or see a need that just isn’t being met by anyone else? Then this may be something worth investigating and pursuing.

The phrase, “Just follow you passion” is often thrown around when discussing entrepreneurial ventures. As nice and inspirational as this may sound it can be misleading at worst and nebulous at best. What it leads to is a lot of waiting around as people try to quantify their “passions”. A better way to say this phrase would be to do something that doesn’t feel like work . The following months and years will require an entrepreneur to pour a ridiculous amount of time and resources into their project, to make it into reality, to get it off the ground and, hopefully, into profitability. They might as well enjoy what they are working so hard for.

Unsurprisingly, the idea for the business will not gain fans or make money. After settling on an idea, the entrepreneur-to be must strike while the iron is hot. They should do all the legwork to get it up and running, whether that means building a prototype, creating a website, laying down the preliminary lines of code or formally registering the business. Gaining momentum is key to jump starting a business venture, but gaining traction and vectoring for growth requires some forethought.

It may be tempting for a person to get caught up in the excitement of starting a business and to start dreaming of the day when they make their exit, when their company makes it big, when they hit the cover of Forbes and when their bank account swells. They must avoid this at all costs, for it takes away their focus, or even worse it makes them focus on all the wrong things. Instead of keeping their nose to the grindstone and doing the tedious things that need be done to get the business out of the crawling to the walking stages of life, they may end up focusing on things like marketing, social media presence, scaling and fine details. Essentially they are focusing on the icing without having first baked the cake.

Yes those things may be important, but they come later, much later. While working, building, grinding and hustling entrepreneurs should always have their customers, clients and users in mind. Speaking of the audience, it is best to remember the adage, “if everyone is your audience, then no one is your audience.”So, it is best to identify the niche, that particular group of people which your product or service will have the most impact on. Work for them, build for them, grow for them, for they will be your biggest fans, your best users and many will become your most ardent advocates. Growth at this stage will not be defined by profit margins and quarterly returns, but by adoption rates and count growth.

Choosing career in entrepreneurship cannot be made lightly. The individual must come to the realization that the light is at the end of a long and at times arduous tunnel. However, there is a light and it is one made of passion, desire for change and is fueled by the need to provide others with a solution to their needs.

Source: https://www.advancedwriters.com

essay on entrepreneurship as a career

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Entrepreneurship Essay: Topics & Samples about Entrepreneurship

In the course of your studies for management, marketing, or finance degree, you can be asked to write an entrepreneurship essay. Those who tried it know how challenging it is to compose a convincing and fact-based paper about business.

An entrepreneurship essay requires you to carry out thorough research. You have to arrange the findings to substantiate your opinion wisely. It shall be engaging for the reader. Usually, your purpose is not to inform but to explain your view on an economic phenomenon.

Entrepreneurship is about calculating one’s chances for success. It aims to establish a business opportunity and avail of it. In most cases, it involves product or process innovation. Thus, the goal of an entrepreneurship essay is to train your business thinking. It develops a habit of using subject-specific terminology and theories.

This article is your way to a perfect essay about entrepreneurship. Our team has prepared a guide and a list of topics where you can find an excellent sample essay about entrepreneurship. Yet, we know that the most challenging thing for many students is to come up with specific questions.

You can rely on the following steps while working on your paper:

  • Pick or create a topic. The best essays focus on a narrow problem. Pick an idea that offers solutions or specifies how the reader can relate. Convey it all in your topic.
  • Research thoroughly. Good preliminary research will prevent you from discussing stale news. Look for currently topical issues that many people face.
  • Write an introduction. It is the most “selling” part of your entrepreneurship essay. Provide background information about the problem you are going to explore. Why did it arise, and who was affected?
  • Work out a thesis statement. This sentence contains the central message of your writing. Specify your position on the narrow topic. For example, “Employee turnover is not always a negative thing.”
  • Develop an argumentation. Make a list of all arguments that support your position and a few counterarguments. You will refine it when writing the main body. Include only the vital ideas and examples in your essay on entrepreneurship.
  • Think of a conclusion. Mind that your readers will remember this paragraph most of all. What were the central ideas of your work? Summarize your arguments and restate your thesis with a development.
  • Come up with an engaging title. It should make the readers want to keep on reading your text. An entrepreneurship essay title should reveal the problem you are going to discuss.

15 Entrepreneurship Essay Topics

To write a successful essay, you’ll need engaging topics on entrepreneurship. A good idea inspires you and gives a substantial reason for discussion.

Here we have collected the best entrepreneurship topics for your essay:

  • Is becoming a successful entrepreneur an inborn quality or a developed skill?
  • Is it efficient to unite researchers and entrepreneurs into one organization?
  • Is contemporary entrepreneurship possible without online marketing?
  • How can creativity make your business more identifiable?
  • Does a model of economic development help entrepreneurs to achieve their goals, or does it limit their imagination?
  • What are the psychological causes that urge entrepreneurs to seek profit?
  • What are the reasons that spur the growing expertise of individuals in business issues?
  • Which factors can bring entrepreneurship to bankruptcy?
  • How could governments incentivize individuals to become sole entrepreneurs?
  • What are the leadership characteristics of successful entrepreneurial management?
  • Does gender influence a person’s skills in entrepreneurship as a career?
  • Is it better to have a small enterprise or work for a large corporation, provided that the salary is the same?
  • Compare the approaches entrepreneurs who start only one business and those who invest in multiple enterprises.
  • How can MBA help you to become an entrepreneur?
  • Analyze the path of a successful entrepreneur and suggest what could be improved.

5 Entrepreneurship Essay Questions

Your college or school professors can give you detailed essay questions. They direct your thought to make sure you do not diverge from the central idea.

Here you can check a list of entrepreneurship essay questions:

  • In your opinion, is there a moment when an entrepreneur should stop expanding their business? Small business is easier to manage, but it provides less revenue. Big enterprises earn more but bring their investors to more serious risks and more significant expenses. Substantiate your point of view.
  • What makes a successful business plan? Is it more important to calculate the economic feasibility of the future enterprise or predict the reaction of the target audience? Give examples of both approaches.
  • Explain the concept of entrepreneurship. The essay should synthesize different formulations of prominent economists and sociologists. Make up your explanation of the term based on your synthesis.
  • What can be done to avoid cutting the expenses of an enterprise? Staff reduction, renting smaller premises, and cutting salaries usually have negative aftermath. Are there any universal ways to make your business survive a recession?
  • Imagine you are looking for a business partner. Which questions would you ask the candidates during the interview? Are there any traits you would look for? What kind of behavior would immediately tell you it is the wrong person?

Thanks for reading the article! Below you can find sample essays about entrepreneurship illustrating the structure that we have described above.

412 Best Sample Essays about Entrepreneurship

The definition of entrepreneurship.

  • Words: 1654

A Clothing Boutique as a Business Idea

  • Words: 1227

Starting a Business: Advantages and Disadvantages

  • Words: 1730

Concept of an Entrepreneur in Business

  • Words: 2037

Business Failures: Reasons and Recommendations

Entrepreneurs’ strengths and weaknesses, small business: features and development, working for someone vs. owning a business, starting a business vs. working for an employer, case study analysis: opening a coffee shop.

  • Words: 1783

Entrepreneurship: Interview with Small Business Owner

  • Words: 1643

“Drinkworks: Home Bar” by Keurig

Entrepreneurship journey case study.

  • Words: 2941

Entrepreneurship: Making a Business Plan

Independent entrepreneurship, intrapreneurship, and social entrepreneurship.

  • Words: 1531

The Doctrine of Insurable Interest

  • Words: 2412

Entrepreneurship: History, Reasons and Roles

Entrepreneurship development in the uae.

  • Words: 3180

Entrepreneurship vs. Working as an Employee

Steve jobs as a successful entrepreneur, natural hair care products as a business idea, kirzner’s theory of opportunity.

  • Words: 2450

Owning & Operating a Family Business

Entrepreneurial leadership characteristics and types, chinese and japanese business systems comparison.

  • Words: 3387

The Concept of Enterprise “Push” and “Pull” in a Business

  • Words: 2024

Women Entrepreneurs

Governmental role for business, sources of capital for entrepreneurs, enterprise architecture and outsourcing strategy organization, entrepreneurship, intrapreneurship, and formulated marketing, innovation and creativity in entrepreneurship, the definition of entrepreneurship and entrepreneurial behavior.

  • Words: 2683

Eco-Friendly Packaging for Food and Beverage Industry

  • Words: 2749

Entrepreneurs and Opportunity Recognition

  • Words: 2804

Phenomenon of Entrepreneurship

  • Words: 1495

Concepts of Customer Data Dynamics and Sub-Concepts

Kier group plc: the impacts of covid-19.

  • Words: 4343

“How to Change the World” by D. Bornstein

  • Words: 1389

Entrepreneurship: Amara Online Shoe Shop

  • Words: 7379

“Steve Jobs” by Walter Isaacson

Establishing a food truck business in dubai, entrepreneur interview: local business store.

  • Words: 1111

Innovation, creativity and design

Angels of hope: a nonprofit organization that helps the people, defining corporate entrepreneurship.

  • Words: 3501

3M Corporation’s Innovation Engine Case

Adult day care: an entrepreneur business model.

  • Words: 2017

Entrepreneurs’ New Businesses & Risk Perception

  • Words: 2365

Trait (or Personality Characterisitcs) Approach to Explaining Enterpreneurship

  • Words: 1972

Apple Inc.’s Entrepreneurship: iPod and iPad

Social entrepreneurship and social change, the microeconomics and macroeconomics factors in a startup café, eco-coffee shop: successful business plan, female entrepreneurs and global economic development, katie’s custom engraving logos.

  • Words: 1669

Entrepreneurship: Reducing Unemployment

  • Words: 1410

Social Entrepreneurship: Khan Academy Project

Entrepreneurship: a wonderful vocation, international franchising and its benefits, technology and innovation: entrepreneurial action research project.

  • Words: 1481

Starting a Small Business and Planning

Entrepreneurial intention in developing countries.

  • Words: 4227

Franchising and Its Advantages

Bookstore business in the usa: economic overview.

  • Words: 1682

Marketing for Small Business

  • Words: 1000

Critical Success Factors for Entrepreneurs

  • Words: 3872

Jeff Bezos and Gladwell’s Success Principles

  • Words: 1429

Innovator’s DNA: Entrepreneurial Assessment

  • Words: 3203

Women in Entrepreneurship

  • Words: 3172

Luxury Linens: Review of an Interview With an Entrepreneur

  • Words: 1104

Entrepreneurship by Young People

Sole proprietorship: advantages and disadvantages, capability: business model innovation in mergers, characteristics of writing a business plan, entrepreneurial activity: the key aspects, entrepreneurial personality and decision to start a business, the determinants of self-employment for artists, a study of ooredoo’s practices in the context of schumpeter’s theory, home depot’s entrepreneurship and value creation, entrepreneurial action module for modular business model.

  • Words: 11408

Discussion: Female Entrepreneurship in Asian Countries

Types of business forms and their organisation, entrepreneurship and christian world view.

  • Words: 1001

Entrepreneurship as a Powerful Practice

  • Words: 2501

The Entrepreneurial Journey of Foods Future Global

  • Words: 1385

The Minority Business Development Agency Program

  • Words: 1455

Supporting the Innovative Entrepreneurs in Turkish Universities

Starting a business: a restaurant of national cuisine, entrepreneurial education for university students.

  • Words: 2656

The Book “Shoe Dog: A Memoir by the Creator of Nike” by Phil Knight

How a business idea becomes an innovative product, family business succession in asian countries.

  • Words: 8061

Commercialization and Innovation Best Practices

  • Words: 2754

Establishing a Small Business Tourist Agency in the UAE

Investing in an offshore wind power plant in greece.

  • Words: 1214

Crowdfunding Project on Kickstarter

  • Words: 1010

What Is Business Intelligence?

“the art of the start” by guy kawasaki, the innovation process: successes and failures, elements and infrastructures for technology startups.

  • Words: 2585

The Milaha Express Firm’s Possibilities in Qatar

Social enterprise: asian paints.

  • Words: 2476

Factors Involved in Creating a Food Business

Plan for trucking career development, paul tasner’s success as an entrepreneur, personal business plan and development of innovation.

  • Words: 1828

Sustainable Innovations and Environmental Certification

  • Words: 1253

Traditional and Modern Forms of Transacting Business

Cmr implementation: recommendation and evaluation, the primary principles of entrepreneurship and personal business plan.

  • Words: 1660

Resuscitating the Barbershop Business

  • Words: 1837

Richard Branson’s Biographical Sketch

Starting a new business: opportunity cost, e-commerce barrier in entrepreneurship, the sunshine bag: entrepreneurship analysis.

  • Words: 1978

Entrepreneurial Opportunities in Virtual Reality

  • Words: 10974

The Issue of Female Entrepreneurship in China

  • Words: 1792

Serenity Castle Salon and Cut: Hair Care Services Industry Profile

Interesting facts in “invent & wander” by jeffrey bezos.

  • Words: 3420
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essay on entrepreneurship as a career

Intrapreneurship Vs Entrepreneurship - What's The Difference?

Entrepreneurship and intrapreneurship are two buzzwords that have been used interchangeably, but in reality, they have very distinct differences.

An entrepreneur is someone who creates a new business from scratch, whereas an intrapreneur is an individual who works within an established company and brings innovative ideas to the table.

In this article, we will dive into the differences between entrepreneurship and intrapreneurship, explore their benefits, and provide some examples of successful entrepreneurs and intrapreneurs.

Difference Between Entrepreneur and Intrapreneur

In short, entrepreneurship is the act of creating a new business or enterprise from scratch. It involves identifying a problem or need in the market and coming up with a solution that can be turned into a profitable venture.

On the other hand, intrapreneurship involves the act of bringing innovative ideas to an existing organization. Intrapreneurs work within an established company, and their focus is on creating new products, services or processes that can help the company grow and gain a competitive advantage.

What Is An Intrapreneur - Definition

An intrapreneur is an employee within an established company who takes on the role of an entrepreneur. They are tasked with coming up with new ideas, developing new products or services, and implementing innovative processes within the company. Intrapreneurs work within an existing organization, and their focus is on creating new revenue streams and helping the company stay ahead of its competitors.

The Benefits of Intrapreneurship

Intrapreneurship can provide several benefits to both the individual and the company. For the individual, it allows them to showcase their entrepreneurial skills within an established company. They have the opportunity to develop new ideas, take risks and innovate without having to worry about starting a new business from scratch. For the company, intrapreneurship can lead to new products, services or processes that can help the company gain a competitive advantage. It can also lead to increased employee engagement and retention, as employees who are given the opportunity to be intrapreneurs are more likely to be satisfied with their jobs and remain with the company long-term.

Intrapreneurship Examples

One example of successful intrapreneurship is the creation of the PlayStation gaming console by Ken Kutaragi, who was a Sony employee at the time. Kutaragi came up with the idea for the console and convinced the company to invest in its development. The PlayStation went on to become a hugely successful product for Sony and helped the company diversify its revenue streams.

Another example of intrapreneurship is Google's 20% time policy , which allows employees to spend one day a week working on their own projects. This policy has led to several successful products, including Google News and Gmail, which were developed by employees who were given the freedom to pursue their own innovative ideas.

Inspirational Intrapreneurs

Gifford Pinchot III , the father of intrapreneurship, is an inspirational figure in this field. He coined the term "intrapreneur" and has spent his career advocating for entrepreneurship within established companies. He has written several books on the topic, including "Intrapreneuring: Why You Don't Have to Leave the Corporation to Become an Entrepreneur," and has helped companies like IBM and DuPont develop successful intrapreneurship programs.

Another inspirational intrapreneur is Steve Jobs , who started as an employee at Apple before eventually becoming the company's CEO. Jobs was known for his innovative thinking and his ability to take risks and push the boundaries of what was possible within the technology industry.

What Is An Entrepreneur

What Is An Entrepreneur - Definition

An entrepreneur is someone who takes on the risks and responsibilities of starting a new business from scratch. They identify a need in the market, develop a business plan, secure funding, and work to turn their idea into a successful venture.

The Benefits of Entrepreneurship

Entrepreneurship provides individuals with the opportunity to be their own boss and create something from scratch. It allows for complete freedom and control over the direction of the business, and can lead to financial independence and success. Entrepreneurship also provides benefits to the wider economy, including job creation and innovation.

Entrepreneurship Examples

Firstly, there are different types of entreprenurship which exist, from small business' through to large-scale corporations.

One example of successful entrepreneurship is Amazon , which was started by Jeff Bezos in his garage in 1994. Bezos identified the need for an online bookstore and worked tirelessly to turn his idea into a reality. Today, Amazon is one of the largest companies in the world and has revolutionized the way we shop and consume goods.

Another example of successful entrepreneurship is Airbnb, which was started by Brian Chesky and Joe Gebbia in 2008 . They came up with the idea of renting out air mattresses in their apartment to attendees of a design conference in San Francisco. From there, they grew the idea into a platform for renting out spare rooms and eventually whole apartments and houses. Today, Airbnb is valued at over $100 billion and has disrupted the hospitality industry.

Do you have the skills to be a successful entrepreneur?

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Inspirational Entrepreneurs

There are many inspirational entrepreneurs, but one standout figure is Elon Musk, the CEO of Tesla and SpaceX. Musk has started several successful companies, including PayPal, and has a reputation for taking on ambitious projects that push the boundaries of what is possible. He is known for his innovative thinking, his focus on sustainability and his willingness to take on risks.

Another inspirational entrepreneur is Sara Blakely, the founder of Spanx. Blakely started her company with just $5,000 and went on to create a multi-billion dollar business that has revolutionized the fashion industry. She is known for her determination, her ability to think outside the box, and her commitment to empowering women through her products.

In conclusion, whether you are interested in pursuing entrepreneurship or intrapreneurship, it is important to understand the key differences between the two. Both paths require different skill sets, mindsets, and levels of risk-taking. Entrepreneurs are typically known for their independence, creativity, and willingness to take risks to build something from the ground up, while intrapreneurs focus on innovating and creating new ideas within an existing organization.

However, regardless of the path you choose, both offer unique benefits and can lead to fulfilling and successful careers. It's essential to evaluate your personal strengths and goals to determine which path is the best fit for you.

At Nexford University , we provide a comprehensive education that prepares students for both entrepreneurship and intrapreneurship. Our programs offer courses on innovation, creativity, business administration, and leadership skills to help you succeed in either career path. With our focus on experiential learning, you'll develop the practical skills and knowledge you need to launch your own startup or become an innovative leader within an established company.

If you're interested in pursuing a degree in entrepreneurship or intrapreneurship, Nexford University offers a range of undergraduate and graduate programs that can help you achieve your goals, with specializations in fields like entrepreneurship, ecommerce, and sustainable business. If you'd like to take the first step toward an entrepreneurial career, or are already on the journey and need the skills to take your business to the next level, a great place to start is with Nexford's BBA in Entrepreneurship and our MS in Entrepreneurship .

Download our brand new free report on how you can acquire the most important skills for creating a widely successful business.

Remember , with the right mindset, skillset, and education, anyone can make their mark in the exciting world of business.

FAQs

Shared Traits Between Entrepreneur and Intrapreneur

Entrepreneurs and intrapreneurs share several key traits, including creativity, risk-taking, and a willingness to innovate. Both types of individuals are passionate about their work and are driven by a desire to succeed. They also possess strong leadership skills and are capable of inspiring and motivating others to achieve their goals.

While entrepreneurs and intrapreneurs share many similarities, there are also several key differences between the two. Entrepreneurs typically work independently and have complete freedom to pursue their vision. They are responsible for developing their business plan and securing funding, and they have full control over the direction of their venture.

Intrapreneurs, on the other hand, work within an existing organization or company. While they are free to develop new ideas and products, they must also work within the established framework of the company. Intrapreneurs must navigate company politics and adhere to corporate policies, which can limit their autonomy and freedom.

Should I Be an Entrepreneur or Intrapreneur?

Deciding whether to pursue a career as an entrepreneur or intrapreneur depends on your goals, personality, and skillset. If you are a self-starter who thrives on independence and risk-taking, then entrepreneurship may be the right choice for you. On the other hand, if you enjoy working within a team and are passionate about developing innovative ideas within an established company, then intrapreneurship may be the better option.

What Steps to Take to Become a Successful Intrapreneur?

If you are interested in pursuing a career as an intrapreneur, there are several steps you can take to increase your chances of success. First, develop your entrepreneurial skills, such as creativity, problem-solving, and innovation. Second, build strong relationships with key stakeholders within your company to gain support for your ideas. Finally, demonstrate your ability to execute on your ideas by successfully launching new products or initiatives.

What Steps to Take to Become a Successful Entrepreneur?

If you are interested in pursuing a career as an entrepreneur, there are several steps you can take to increase your chances of success. First, identify a new idea or opportunity that aligns with your passions and strengths. Second, develop a solid business plan that outlines your vision, goals, and strategies for success. Finally, secure funding and build a team of talented individuals who can help you bring your idea to fruition.

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Essay on Entrepreneurship

Introduction

Entrepreneurship is a term that is widely applicable in the world of business. There are different definitions of the term entrepreneurship. The first definition identifies entrepreneurship as the process of creating a new business, with a view of making profits while bearing in mind all the risks that are involved. Different scholars have had their opinions about the description of the term entrepreneurship, including Stevenson, a renown expert in the topic. He defined entrepreneurship as the pursuit of opportunity beyond resources controlled. His definition is still widely applied by many in the world of business (Venkataraman, 2019). The second definition is linked to one Frank Knight, who defined it as the bearing of uncertainty and responsibility for risks within the financial market. Joseph Schumpeter also contributed significantly by defining entrepreneurship as the creation of new things in search of profits. Schumpeter also asserts that the role of creating new things is not only left to companies and other businesses but also individuals who make efforts in the area. The researcher introduced the concept of creative destruction to mean creation and invention of a new idea in the market that calls for the demise of the existing competitor. For instance, the emergence of Smartphones killed use traditional means of communication, such as telephone boots and regular use of letters. As such, Joseph Schumpeter contributed significantly as the term creative destruction is universal in the marketing. Marketing is a lucrative field that requires creativity for one to make an impact in the market. Fourth is Israel Kirzner who defined entrepreneurship as the process that led to discovery. It is important to note that most of the definitions by various scholars share a familiar concept, risk-taking and opportunity exploration.

A venture is considered as a small business that is started by one individual or groups with a view of gaining financially. The profits from the investment benefit all the backers of that particular project or business. There are many different ventures that an individual can offer to invest in. An enterprise should aim to make a financial gain to the individual or group that invested. The risk-taking tendency by entrepreneurs and the idea of profit making coincides with the typology of entrepreneurship. Examples of entrepreneurship ventures that many can get into include gazelle, microenterprise, small/lifestyle and medium enterprises.

A gazelle enterprise is a business venture that experiences rapid growth annually for period of over four years. Revenues of such an enterprise increase yearly by over 20% and must have a base capital of at least $100,000. Such companies experience high sales growth rates regardless of their size. However, most of such business ventures operate on the lower end of the scale. Company growth can be measured by the turnover or the number of employees working for the enterprise.

The second entrepreneurial venture is a microenterprise that employs a small number of people, usually less than 10. Microenterprises are started by small amounts of capital and they specialize in providing goods and services within its locality. All microenterprises venture into simple product lines and operate on small scale. Microenterprises contribute largely to the economy as they create employment. Business owners in such ventures enjoy small profits, which they use to improve their standards of living. As such, microenterprises agree to the typology of entrepreneurship by making profits for those who invest.

Small or lifestyle enterprises are business ventures started with aim of sustaining or maintaining a certain level of income. Such enterprises aim at sustaining a certain level of lifestyle for the entrepreneur. They employ a small number of people and maintain certain level of assets for owners. Lifestyle enterprises play a key role in employing people at the same time maintains a particular lifestyle for the owner, thereby, complying with the typology of entrepreneurship.

Medium size enterprises employ between 50 and 500 employees depending on the legislation in that specific nation. Such enterprises have a specified value of assets and in the UK, they have less than 250 employees. In the year 2013, there were over 5.2 million medium sized businesses, which comprised of over 99% of enterprises in the country. The aim of medium business enterprises is to make profit like any other entrepreneurial venture. As such, medium sized business enterprises agree to the typology of entrepreneurship.

According to Wennekers and Thurik (1999), a Schumpeterian entrepreneur is one who aims at capitalizing on the existing entrepreneurial abilities to make profits. In other words, a Schumpeterian entrepreneur will assess the current businesses that are operating and think of better services to people. The Schumpeter concept is Austrian. Existing product and service lines in the market require improvements for better service delivery (Wennekers & Thurik, 1999). A Schumpeter entrepreneur is an individual who capitalizes on such opportunities with a view of providing better services while making profits. An intrepreneur is a person who works for a particular organization and identifies better ways to improve quality and service delivery to customers. Innovative product development and marketing is the role of a manager working for that specific organization. As such, the manager is referred to as an entrepreneur. Managerial business owner is an individual who invests in a venture and entirely owns the business. Administrative business owners are not responsible for innovation and creative destruction in the market as these remains the work of managerial entrepreneurs. The main difference between the three terms described is that an administrative business owner is responsible for financing the venture while the rest work for the owner to ensure innovation and product development. A similarity known among the three types of entrepreneurs is the fact that they all aim to make profits for the owner of the business.

Miles & Snow (2009) classified organizations into four types, including prospector, defender, analytical and follower businesses. A prospector implies an organization that has difficulties in locating and exploiting a new product in the market. Such ventures require constant examination of the continually changing business world to succeed. The element of unpredictability makes a continuous check-up of the market a necessity to establish strategic production. According to the two researchers, prospector organizations have comprehensive product and service lines. Production in such cases prefers to promote creativity to efficiency. Defender organizations are defined as those entities that cannot survive in unstable environments (Miles, Miles, Snow, Blomqvist & Rocha, 2009). Their worry is how to maintain their current market share hence the need for them to operate in a relatively stable business environment. Cost leadership and specialization in a specific product line can well help solve the problem. Analyzer organizations refer to those that have both prospector and defender organization characteristics. They face a challenge of establishing in new markets and at the same have a problem of maintaining their current market share. Follower organizations refer to organizations that do not make long-term plans for business but instead ensure that managers study the dynamic world fast enough to cope with the changes.

Steve Blank in 2010 asserts that there are four types of entrepreneurs, namely small business owners, scalable, large business owners and large entrepreneurs. Small business owners face known risks in the market as they venture into product lines and services that are already known. A scalable business idea digs into the existing opportunity and turns it into a larger business through the expansion of its business activities. The aim of setting up such business entities is to take over the existing market and turn it out to make huge profits. On the other hand, a large business is an entity that has over 5000 employees or has a high financial turnover of over 1.5 billion Euros in a year (Blank, 2010). Any venture that does not feature any of the two characteristics or both of them cannot be termed as a large business. Social entrepreneurship involves start-up companies raising funds to solve cultural, social and environmental problems.

The data presented is indicative of the importance of having small businesses and startups within the economy. The data is extracted from the office of national statistics in the United Kingdom. Moreover, the data presented include information regarding micro-businesses and small businesses contribution to the economy of the region that they operate. For instance, from the year 2010 to 2017, the country has been registering an increasing trend indicating that such businesses play a crucial role. On employment, micro-business ventures employed over 4,618,315 people in 2010, and by 2017 (“Employment – ONS”, 2019), the number of those depending on such businesses rose to 5,491,009. On the other hand, small businesses employed over 3,785, 801 people in the year 2010 to a whopping 4,450, 716 by 2017. As such, micro and small businesses within the economy play a key role in ensuring increased employment opportunities as indicated by statistics from the national office in the UK.

Another vital aspect presented in the data provided is the turnover involved annually in the event of operating such businesses. Like the data on employment, the turnover for both micro and small businesses has been fluctuating from the year 2010. It is also critical to note from the data that in some years, the turnover reduced instead of increasing. For instance, in 2010 the turnover for both micro and small businesses was 589,871,148 and 549,139,326 billions of Euros, respectively. In the following year 2011, the turnover reduced to 552,345,550 and 508,579,840, respectively. However, the figures have increased as of 2017 to 791,771,342 and 616,807,735 respectively. The growth in the turnover of micro and small businesses is a clear indication that they contribute positively to the growth of the economy in the United Kingdom.

In terms of inventory and general count, micro and other small businesses have significantly contributed and have seen an expansion. This is indicated by the data provided as the numbers have changed from 2010 to 2017. In the year 2010, micro-businesses had a count of 1,861,590, which increased to 2,386, 740 by 2017. Additionally, small businesses increased their count from 196, 520 in the year 2010 to a whopping 231, 715 in the year 2017. The graphs provided indicates the trend that has been experienced in the economy in regards to micro and other small businesses. Such ventures are contributing positively to the economy of the United Kingdom.

Small businesses and start-ups play a crucial role in the growth of the social economy. Social economy comprises a diversity of enterprises and organizations sharing common values and features. Such may include cooperatives, mutuals, associations, foundations, paritarian institutions and social enterprises who value social objectives over capital. The first and most important role that the businesses play is the creation of employment (Burns, 2016). For instance, in the United States in the year 2015, small businesses and startups created over 1.9 million jobs. There are over 30.2 million small businesses in the United States who employ approximately 58 million people. As such, small businesses contribute primarily to the growth of the economy by creating jobs.

Second, small scale businesses and start-ups contribute by ensuring that the GDP of the country grows. Social economy contributes to the overall GDP sum and its growth projects more taxes to be paid. A small business thriving locally will have more to give as taxes to the local government and hence a contribution to the GDP. Such money can be used locally to develop infrastructure within the community. As such, small businesses play a vital role in ensuring that the well-being of the community improves in the long run.

Small businesses quickly adjust to changes in the economic environment and act as a cushion to the local economy in cases where large businesses have failed. This is because in cases of unpredictability in the market, small business owners are customer-oriented and can flex quickly to suit the needs of the market. Large businesses have few options in case of a similar predicament and may not help the local economy as anticipated. As such, all small businesses around the world contribute positively to the growth of the social economy as their interest is not capital-driven.

Blank, S. (2010). What’s A Startup? First Principles.  Steve Blank .

Burns, P. (2016).  Entrepreneurship and small business . Palgrave Macmillan Limited.

Employment – ONS. (2019). Retrieved 23 July 2019, from https://webarchive.nationalarchives.gov.uk/20160105164129/http://www.ons.gov.uk/ons/taxonomy/index.html?nscl=Employment

Miles, R. E., Miles, G., Snow, C. C., Blomqvist, K., & Rocha, H. (2009). The I-form organization.  California Management Review ,  51 (4), 61-76.

Venkataraman, S. (2019). The distinctive domain of entrepreneurship research. In  Seminal Ideas for the Next Twenty-Five Years of Advances  (pp. 5-20). Emerald Publishing Limited.

Wennekers, S., & Thurik, R. (1999). Linking entrepreneurship and economic growth.  Small business economics ,  13 (1), 27-56.

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Essay on Entrepreneurship: Top 9 Essays | Business Management

essay on entrepreneurship as a career

Here is a compilation of essays on ‘Entrepreneurship’ for class 11 and 12. Find paragraphs, long and short essays on ‘Entrepreneurship’ especially written for school and college students.

Essay on Entrepreneurship

Essay Contents:

  • Essay on the Benefits of Entrepreneurship

Essay # 1. Introduction to Entrepreneurship:

Entrepreneurship is the name given to the factor of production which performs the functions of Enterprise. In economics, Land, Labour, Capital, Organisation and Enterprise are the five factors which are thought to be the basis of all the production activities.

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Entrepreneurship in a broader sense can be considered as a process of action undertaken by an entrepreneur (Person) to establish his enterprise. It is a creative and innovative response to the environment.

Entrepreneurship can be described as a creative and innovative response to the environment. Such responses may take place in any field of social endeavour may be business, agriculture, social work and education etc.

For the entrepreneur it is important to have knowledge about the economic and political environment, more particularly about the economic policies of the government and the financial as well as commercial institutions.

Thus a simple definition of entrepreneurship is doing new things or doing things which are already being done in a new way.

According to Dr. J.E. Stepenek, “Entrepreneurship” is the capacity to take risk; ability to organise and desire to diversify and make innovations in the enterprise.

According to Higgins, Entrepreneurship is meant for the function of seeing investment and production opportunity, organising in enterprise to undertake a new production process, raising capital, hiring labour, arranging the supply of raw materials, finding site, introducing new techniques and commodities, discovering new sources of raw materials and selecting top managers for day to day operation of the enterprise.

It may be concluded that entrepreneurship is a composite skill, the resultant of many qualities and traits. These include, imagination ready to take risk, ability to bring together and utilize other factors of production such as capital, land and labour along with intangible factors such as capability to mobilise scientific and technological developments.

Entrepreneurship thus involves taking risk and making essential investments under conditions of uncertainty. At the same time it is connected with innovation, planning and taking decisions so as to increase productivity in industry, business and agriculture etc. It thus plays a key role in the process of economic development.

Essay # 2. Definition of Entrepreneurship:

Entrepreneurship is a pro­cess of action an entrepreneur undertakes to establish his enter­prise. Entrepreneurship is a re­sultant mix of many qualities and traits of an entrepreneur.

Entrepreneurship can be de­fined as a process undertaken by entrepreneur to augment his business interests. It is an exer­cise involving innovation and creativity that will go towards establishing his/her enterprise.

Project Identification and Feasibility Study

Entrepreneurship is the inclination of mind to take calculated risks with confidence to achieve a predetermined business or industrial objectives.

Essay # 3. Growth and Success of Entrepreneurship :

Entrepreneurship has opened avenues of great scope in the Indian economy. Our national economy is most suited to the growth of small business enterprise. Small business units offer a more convenient means of nurturing and developing entrepreneurship by providing the means of entry into business for new entrepreneurship talents. Small-scale industries are labour-in­tensive and can play an important role in solving the problem of unemployment.

Success of Entrepreneurship :

Following aspects are necessary for the successful entrepreneurship:

1. Regular inflow of information related to buyers, consumers, distributors, dealers, retailers, transporters etc., about raw material, quality aspects, government organisations, employees and competitors.

2. Satisfying the needs of customers.

3. Generation of adequate cash flow.

4. Regular objective assessment of the enterprise.

5. Improving productivity.

6. Maintenance of quality.

7. Use of technology of the time.

8. Be innovative.

9. Keep employees motivated.

10. Scrap or waste material be utilised properly.

11. Time management.

Essay # 4. Entrepreneurial v/s Managerial Styles :

An entrepreneur is a person who is motivated to satisfy a high need for achievement in innovative and creative activities. This creative behaviour and innovative spirit forms a process of an endless chain and is termed as entrepreneurship. An entrepreneur is also required to manage his business. He has to perform both entrepreneurial and managerial func­tions. After the start of the business he becomes more as manager.

Manager is one who specialises in the work of planning, organising, leading and controlling the efforts of others. He does it through systematic use of his classified knowledge and principles. He should have an insight of job requirement, which he should continuously update.

An entrepreneur must adopt the style of professional management. He must organise mana­gerial functions by setting long term objectives, formulating strategic policies, developing man­agement information system, monitoring and evaluation systems. He is required to possess management knowledge related to technical, economical, financial, human and administrative aspects.

There is a vast difference between owner-manager and professional-manager. The owner- manager is identified with individuality, flair, strong motivation to achieve success and pros­per, while the professional-manager is concerned with the planning, organising, motivating and controlling. Owner-manager builds the organisation, assumes all business risks, and also loses his reputation and prestige in the event of failure of business, whereas professional-manager is not exposed to such risks.

Thus entrepreneurship is a process of combining resources to produce new goods or services and reappears to initiate another change. Entrepreneurs are also required to play other roles, especially those of capitalist and manager. Managerial function of an entrepreneur is a continu­ous process of combining the factors related to production.

Essay # 5. Entrepreneurial Development :

For the economic development, entrepreneurial development is necessary. For the purpose of entrepreneurial development, rapid growth of small scale sector is necessary. Entrepreneur­ial development programmes are designed to help a person in strengthening his entrepreneur­ial motive and in acquiring skills and capabilities necessary for playing his role effectively.

Main objective of the entrepreneurial development programme is to motivate and assist pro­spective and potential entrepreneurs to set up small scale units of their own and thus become self-employed and contribute significantly to production and employment in the country.

Entrepreneurial development programme must be designed properly and should incorpo­rate the following:

(i) Developing, achievement, motivation and sharpening entrepreneurial traits and behaviour.

(ii) Project planning and development, and guidance on industrial opportunities, incen­tives and facilities, rules and regulations.

(iii) Developing managerial and operational capabilities.

Keeping the target group and target area in view various strategies and approaches are adopted. The process of entrepreneurial development is designed very carefully and starts from identifying the potential and right candidates, linking suitable project with each one, and then training and developing the managerial and entrepreneurial capabilities, counseling and motivating them, and then providing the required follow-up support to help them in establishing their venture.

Objectives :

Objectives of entrepreneurial development programme are to help to:

(i) Develop and strengthen their entrepreneurial quality.

(ii) Analyse environment related to small business and small industry.

(iii) Select product and its project.

(iv) Formulate projects.

(v) Understand the procedure for setting up of small enterprise.

(vi) Support needed for launching the enterprise.

(vii) Acquire basic management skills.

(viii) Appreciate the social responsibilities.

(ix) Let him set the objectives of his business.

(x) Prepare him to accept risks.

(xi) Take strategic decisions.

(xii) Develop communicating skills.

Training for Entrepreneur :

Proper training is essential for the success of any industry in production techniques, man­agement, marketing and other aspects.

Small Industries Service Institutes and their Extension Centres are organising trainings:

(i) To improve technical skills of workers,

(ii) For acquainting the entrepreneurs with advanced production and management techniques.

The courses for workers are organised in the following areas:

(a) Shop practice courses such as machine shop practice, tool room practice, foundry, blacksmithy, electrical shop practice etc.

(b) Trade oriented courses, such as tool making, fitter, sheet metal, pattern making, carpentry etc.

(c) Process oriented courses, such as welding, heat treatment, electroplating, leather works etc.

(d) Product oriented courses, sport goods, foot wear, paint, varnish making etc.

Training programmes for entrepreneurs are of two types namely:

(i) For graduate and di­ploma holder engineers, physics and chemistry graduates and

(ii) For rural artisans, educated unemployed, ex-servicemen, weaker sections of the society, women entrepreneurs etc. with special courses for each of the categories of persons.

For providing training and upgradation of technology and managerial skills, specialised institutions have been set up.

For conducting entrepreneurship development programmes, the lead was given by Small Industries Development Organisation through its small industries service centres. Entrepreneurship Development Institute of India (EDII) was established in 1983 at Ahmedabad as a resource organisation at the national level for the purpose of creating the institutional infra­structure for entrepreneurship development.

National Institute for Entrepreneurship and Small Business Development (NIES BHD) was established by the central Government at New Delhi, with the objective of coordinating activities related to entrepreneurship and small business development.

In addition, institutions established by the Government are:

(i) Rural Entrepreneurship Development Institute (RED) at Ranchi.

(ii) Rural Management and Management Centres (RMEDC) at Maharashtra.

Other organisational actively conducting entrepreneurship development programmes are:

(i) State Bank of India

(iii) Centre for Entrepreneurship Development at Ahmedabad and Hubli.

(iv) State financial corporations.

(v) Industrial consultancy organisations in various states.

(vi) Small Industries Extension Training Institute, Hyderabad.

(vii) Institute of Entrepreneurship Development (IEDs) in Uttar Pradesh, Bihar and Orissa.

(viii) Management Development Institute (MDI) at Gurgaon (Haryana) near Delhi.

Some of the other institutions for entrepreneurial development are:

1. Central Institute of Tool Design, Hyderabad.

2. Central Tool Room and Training Centre, Calcutta.

3. NI SIET, Guwahati.

4. Institute for Design of Electrical Measuring Instruments, Bombay.

5. Electronic Service and Training Centre, Ramnagar.

6. Process-cum-Product Development Centre for Glass and Ceramic Industry, Ranchi.

7. Process and Product Development Centre, Agra.

8. Process and Product Development Centre, Meerut.

9. Central Institute of Hand Tools, Jalandhar.

10. Hand Tool Design Development and Training Centre, Nagpur.

11. New Indo-Danish Tool Rooms, Jamshedpur and Bhubaneswar.

12. Ino-German Tool Rooms-Indore, Ahmedabad and Aurangabad.

13. National Institute for Entrepreneurship & Small Business Development, New Delhi.

14. National Institute of Design, Ahmedabad.

15. Centre for the Improvement of Glass Industry, Firozabad.

16. National Council for Cement and Building Materials, Delhi, Ballabgarh, Hyderabad, Patna and Madras.

17. Indian Plywood Industries Research Institute, Bangalore.

18. Central Pulp and Paper Research Institute, Saharanpur.

19. National Federation of Industrial Cooperatives Limited, New Delhi.

20. Central Machine Tool Institute, Bangalore.

Essay # 6. Beliefs Regarding Entrepreneurship:

According to literature there are many myths about entrepreneurship:

But myths and realities about its are different as follows:

1. Myth about entrepreneurs is that they are born not made but “reality” is that entrepreneur characteristics and traits may be acquired through properly structured learning.

2. Myth regarding entrepreneurs is that all required is money but generally it is observed that excessive and surplus money reduces the risk taking opportunities, scarce for care resources and grasp for opportunities.

3. Myth regarding entrepreneurship is that it is profile of traits and characteristics but practically it is a combination of situational issues.

4. Myth about entrepreneurs is doer not thinkers whereas the reality is that frequent thinking in planning, creativity, innovation and risk taking is required.

5. As per myth “Business schools have no place in entrepreneurship” but in actual practice most of the successful entrepreneurs have come from engineering courses and business schools.

Essay # 7. Financing of Enterprise :

Finance is the main input of any enterprise. The entrepreneur needs capital to start with, and he also needs financial assistance at every stage of the project. Project finance is required for both short term and long term.

(a) Short-term Finance:

These usually refer to the funds required for a period of less than one year. These are usually required to meet variable, seasonal or temporary working capital requirements. Main sources for short term finance are borrowing from banks, trade credit, installment credit and customer advances.

(b) Medium-term Finance:

Period of one year to five years are regarded as a medium- term. These are generally required for permanent working capital, small expansions, replace­ments, modifications etc. These can be raised by issue of shares and debentures, borrowing from banks and other financial institutions, ploughing back of profits.

(c) Long-term Finance:

Periods more than 5 years are regarded as long-terms. These are required for procuring fixed assets, for substantial expansion, modernisation etc. Important sources of long-term finance are issue of shares and debentures, loans from financial institu­tions and ploughing back of profits.

Sources of Finance :

The sources from which the entrepreneurs can meet their financial needs for their projects are grouped as:

(a) Internal source, and

(b) External source.

In addition, the entrepreneur raises his finance by availing of available subsidies, state aid to industries etc. A judicious mix of funds from these sources should be given priority.

(a) Internal Sources of Finance:

(i) Personal and family savings.

(ii) Loans from L.I.C. and Provident Fund Account.

(iii) Loans against assets like land and property.

(iv) Loans against shares and debentures.

(v) Loans from relatives and friends.

(b) External Sources:

Substantial amount is required by an enterprise to buy machinery and equipment and to purchase land and buildings.

These finances are generally arranged from following sources:

(i) Borrowing from Banks.

(ii) Term-lending from institutions like IDBI; IFCI, Industrial Development Corpora­tions etc.

(iii) From Government and Semi-Government agencies.

(iv) Other sources.

Institutional Finance :

Institutional finance is available for large, medium, small and tiny industries by commer­cial banks. Commercial banks include the State Bank of India group, nationalised banks, pri­vate sector banks and development corporations which have been especially established to pro­vide industrial finance.

In addition, the Reserve Bank of India gives credit guarantees and the ECGC gives export guarantees to the small-scale sector. Industrial Development Bank of India (IDBI), by its refinance operations, plays a significant role in the promotion of the small scale- sector. The National Small Industries Corporation (NSIC) offers financial assistance in the form of its hire-purchase schemes.

Besides, new institutions like mutual funds, lease companies, financial service institutions, investment companies, merchant banks etc. provide financial assistance and financial services to industries.

Essay # 8. Factors Essential for Successful Entrepreneurship:

The following aspects/factors are essential for successful entrepreneurship:

1. Regular inflow of information concerning consumers or buyers, distributors and dealers/retailers, transporters, etc., about raw materials, quality aspects, competitors, government organization and employees.

2. Aspects regarding satisfaction of consumer requirements.

5. Aspects concerning productivity improvement.

6. Quality maintenance.

7. Utilization of upto date technology.

8. To be innovative in view of competition.

10. Proper utilization of scrap or waste material.

11. Proper time management.

Essay # 9. Benefits of Entrepreneurship :

Entrepreneurship has following three benefits for society:

1. Economic Growth:

These provide economic upliftment of society and generate labour employment.

2. Productivity Improvement:

It helped in improving the productivity, which means the ability to produce more goods and services with less labour and other inputs.

3. New technologies, products and services:

It helps in promoting innovative tech­nologies, products and services.

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I spent 6 years studying to become a chartered accountant. Then I gave it all up to become a soft-skills trainer.

  • Akansha Jain spent 6 years studying to be a Chartered Accountant for six years.
  • Jain worked as an accountant for 10 years before quitting to pursue a passion.
  • She now freelances as a soft skills trainer.

Insider Today

This as-told-to essay is based on a conversation with Akansha Jain , a 38-year-old Chartered Accountant turned soft-skills training freelancer based in the National Capital Region, India. This essay has been edited for length and clarity.

Studying to become a chartered accountant was one of the hardest things I have done.

The journey began after high school and lasted six years. I worked hard throughout the process, studying eight to nine hours every day. The course required intelligence and a lot of persistence.

I finally became a chartered accountant in 2009. I spent the next 10 years working in the internal audit departments of real estate companies and auditing firms.

I worked in Delhi, and had 9-to-5 jobs. But my commute, which took between 90 minutes and two hours, made working hours feel a lot longer. I left home at 8 a.m. and usually only got back by 7 p.m. Coming home and taking care of my daughter meant I had no time at all for myself.

The whole time I was doing these jobs, there was something missing from my life.

Recognizing a passion

Over time, I realized I had a passion for public speaking and connecting with people. Even before I quit my job, friends would come up to me and share their problems with me, and I felt like I could really help them.

In 2018, while I was still working as an accountant, I heard about a soft-skills course from a cousin who was doing the program. I gathered up all my courage and decided to pursue it.

It took me a year to complete the program because I was juggling it with a full-time job and a young family. I would attend in-person classes two times a week after work.

I had my second daughter in 2020, and knew maintaining a work-life balance would be even harder with two kids. I decided to quit my job that year and start pursuing a career in soft skills, with the hopes of starting my own venture. Being my own boss and having the flexibility to manage my children became a priority.

A completely different career track

I first worked under a senior soft-skills trainer to learn about the field.

It was a tough ride. There is no connection between being an accountant and a soft-skills trainer. One was all about numbers and auditing. The other focuses on public speaking, communication skills, and body language.

After some time working with a senior soft-skills trainer, I launched my own business called Inner Spark in 2023. I specialize in behavioral training and work with corporations to design and lead seminars on leadership, interpersonal skills, and communication. One of my favorite topics is emotional intelligence, which I think is the most essential element required nowadays, and which many corporations today still lack.

There are still long days but I love the flexibility

Starting my own business came with a lot of challenges. Going from a stable monthly salary to not knowing when a new client will come by, and whether I will earn anything this month, was also tough.

Despite the drawbacks, my work-life balance improved a lot — I don't have to go into an office every day, and I'm able to give my kids more time. Work on some days is just self-studying for three to four hours a day to update myself about the industry. There are still some long days when I have to meet a client at their workplace, but that's down to one or two days a week now.

I am currently the sole employee of the company, but I hope to hire more trainers as business grows.

Looking back at my own career transition, when it comes to hard skills versus soft skills, I don't think one is more important than the other. Hard skills are essential to get into an industry, but for continued success and satisfaction, you need soft skills and the ability to understand your own and others' emotions.

essay on entrepreneurship as a career

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The Loss of Things I Took for Granted

Ten years into my college teaching career, students stopped being able to read effectively..

Recent years have seen successive waves of book bans in Republican-controlled states, aimed at pulling any text with “woke” themes from classrooms and library shelves. Though the results sometimes seem farcical, as with the banning of Art Spiegelman’s Maus due to its inclusion of “cuss words” and explicit rodent nudity, the book-banning agenda is no laughing matter. Motivated by bigotry, it has already done demonstrable harm and promises to do more. But at the same time, the appropriate response is, in principle, simple. Named individuals have advanced explicit policies with clear goals and outcomes, and we can replace those individuals with people who want to reverse those policies. That is already beginning to happen in many places, and I hope those successes will continue until every banned book is restored.

If and when that happens, however, we will not be able to declare victory quite yet. Defeating the open conspiracy to deprive students of physical access to books will do little to counteract the more diffuse confluence of forces that are depriving students of the skills needed to meaningfully engage with those books in the first place. As a college educator, I am confronted daily with the results of that conspiracy-without-conspirators. I have been teaching in small liberal arts colleges for over 15 years now, and in the past five years, it’s as though someone flipped a switch. For most of my career, I assigned around 30 pages of reading per class meeting as a baseline expectation—sometimes scaling up for purely expository readings or pulling back for more difficult texts. (No human being can read 30 pages of Hegel in one sitting, for example.) Now students are intimidated by anything over 10 pages and seem to walk away from readings of as little as 20 pages with no real understanding. Even smart and motivated students struggle to do more with written texts than extract decontextualized take-aways. Considerable class time is taken up simply establishing what happened in a story or the basic steps of an argument—skills I used to be able to take for granted.

Since this development very directly affects my ability to do my job as I understand it, I talk about it a lot. And when I talk about it with nonacademics, certain predictable responses inevitably arise, all questioning the reality of the trend I describe. Hasn’t every generation felt that the younger cohort is going to hell in a handbasket? Haven’t professors always complained that educators at earlier levels are not adequately equipping their students? And haven’t students from time immemorial skipped the readings?

The response of my fellow academics, however, reassures me that I’m not simply indulging in intergenerational grousing. Anecdotally, I have literally never met a professor who did not share my experience. Professors are also discussing the issue in academic trade publications , from a variety of perspectives. What we almost all seem to agree on is that we are facing new obstacles in structuring and delivering our courses, requiring us to ratchet down expectations in the face of a ratcheting down of preparation. Yes, there were always students who skipped the readings, but we are in new territory when even highly motivated honors students struggle to grasp the basic argument of a 20-page article. Yes, professors never feel satisfied that high school teachers have done enough, but not every generation of professors has had to deal with the fallout of No Child Left Behind and Common Core. Finally, yes, every generation thinks the younger generation is failing to make the grade— except for the current cohort of professors, who are by and large more invested in their students’ success and mental health and more responsive to student needs than any group of educators in human history. We are not complaining about our students. We are complaining about what has been taken from them.

If we ask what has caused this change, there are some obvious culprits. The first is the same thing that has taken away almost everyone’s ability to focus—the ubiquitous smartphone. Even as a career academic who studies the Quran in Arabic for fun, I have noticed my reading endurance flagging. I once found myself boasting at a faculty meeting that I had read through my entire hourlong train ride without looking at my phone. My colleagues agreed this was a major feat, one they had not achieved recently. Even if I rarely attain that high level of focus, though, I am able to “turn it on” when demanded, for instance to plow through a big novel during a holiday break. That’s because I was able to develop and practice those skills of extended concentration and attentive reading before the intervention of the smartphone. For children who were raised with smartphones, by contrast, that foundation is missing. It is probably no coincidence that the iPhone itself, originally released in 2007, is approaching college age, meaning that professors are increasingly dealing with students who would have become addicted to the dopamine hit of the omnipresent screen long before they were introduced to the more subtle pleasures of the page.

The second go-to explanation is the massive disruption of school closures during COVID-19. There is still some debate about the necessity of those measures, but what is not up for debate any longer is the very real learning loss that students suffered at every level. The impact will inevitably continue to be felt for the next decade or more, until the last cohort affected by the mass “pivot to online” finally graduates. I doubt that the pandemic closures were the decisive factor in themselves, however. Not only did the marked decline in reading resilience start before the pandemic, but the students I am seeing would have already been in high school during the school closures. Hence they would be better equipped to get something out of the online format and, more importantly, their basic reading competence would have already been established.

Less discussed than these broader cultural trends over which educators have little control are the major changes in reading pedagogy that have occurred in recent decades—some motivated by the ever-increasing demand to “teach to the test” and some by fads coming out of schools of education. In the latter category is the widely discussed decline in phonics education in favor of the “balanced literacy” approach advocated by education expert Lucy Calkins (who has more recently come to accept the need for more phonics instruction). I started to see the results of this ill-advised change several years ago, when students abruptly stopped attempting to sound out unfamiliar words and instead paused until they recognized the whole word as a unit. (In a recent class session, a smart, capable student was caught short by the word circumstances when reading a text out loud.) The result of this vibes-based literacy is that students never attain genuine fluency in reading. Even aside from the impact of smartphones, their experience of reading is constantly interrupted by their intentionally cultivated inability to process unfamiliar words.

For all the flaws of the balanced literacy method, it was presumably implemented by people who thought it would help. It is hard to see a similar motivation in the growing trend toward assigning students only the kind of short passages that can be included in a standardized test. Due in part to changes driven by the infamous Common Core standards , teachers now have to fight to assign their students longer readings, much less entire books, because those activities won’t feed directly into students getting higher test scores, which leads to schools getting more funding. The emphasis on standardized tests was always a distraction at best, but we have reached the point where it is actively cannibalizing students’ educational experience—an outcome no one intended or planned, and for which there is no possible justification.

We can’t go back in time and do the pandemic differently at this point, nor is there any realistic path to putting the smartphone genie back in the bottle. (Though I will note that we as a society do at least attempt to keep other addictive products out of the hands of children.) But I have to think that we can, at the very least, stop actively preventing young people from developing the ability to follow extended narratives and arguments in the classroom. Regardless of their profession or ultimate educational level, they will need those skills. The world is a complicated place. People—their histories and identities, their institutions and work processes, their fears and desires—are simply too complex to be captured in a worksheet with a paragraph and some reading comprehension questions. Large-scale prose writing is the best medium we have for capturing that complexity, and the education system should not be in the business of keeping students from learning how to engage effectively with it.

This is a matter not of snobbery, but of basic justice. I recognize that not everyone centers their lives on books as much as a humanities professor does. I think they’re missing out, but they’re adults and they can choose how to spend their time. What’s happening with the current generation is not that they are simply choosing TikTok over Jane Austen. They are being deprived of the ability to choose—for no real reason or benefit. We can and must stop perpetrating this crime on our young people.

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National Student Leadership Conference

Teaching assistant: business & entrepreneurship (summer 2024).

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About the National Student Leadership Conference:

The NSLC’s Business & Entrepreneurship program is a 9-day conference that exposes talented high school students to the vast world of business. Under the guidance of their Teaching Assistants, students will get hands-on experience with marketing & strategy, business development, and finance. We are seeking individuals with relevant academic and leadership experience to work with high school students and assist with residential life and administration.

Teaching Assistants guide students through their NSLC experience. Each TA is responsible for a small group of 12-16 students. TAs arrive on-site 5 days before student arrival to participate in a mandatory 4-day orientation & training. This training runs from 9:00 AM – 6:00 PM daily. Following training, TAs will work for 9-day sessions with a 3-day break in between. TAs work very long days and are expected to be ready to assist students at any point during the program. A typical day lasts from 9:00 AM – 10:30 PM.

Responsibilities:

  • Lead small group discussions and debriefings
  • Teach academic and leadership sessions, as well as set up and break-down activities
  • Assist administrative staff, professionals, and leadership facilitators with program components
  • Serve as a chaperone during off-campus trips and evening social activities
  • Reside in the dormitory on the same floors as students, serving as a Resident Advisor

Qualifications:

  • TAs are generally current college students with a background and interest in business
  • NSLC has a primary focus on leadership development. Applicants should have leadership experience and/or training
  • Our programs include TA-led sessions that require appropriate educational backgrounds and work/volunteer/intern experience

Compensation:

TAs will be paid $900 at the end of each session. The NSLC pays for room & board, meals during sessions (most of which are eaten in the dining hall on campus), and transportation to and from the conference.

The Business & Entrepreneurship program will be held at 5 university locations: Columbia University, Duke University, UC Berkeley, University of Michigan, and Yale University.

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