Entrepreneurship Essay Research Proposal Template Uk
Furthermore, it has always been a passion of mine to be somewhat of a host to guests, and offering a great environment for people to enjoy themselves would be personally rewarding.While the company name would not be discussed until the final stages of the project, I would opt to take into consideration our location and potential clientele before committing to a brand name.The business has a great chance of becoming successful.
Is it the inventor who creates and produces the latest innovations?Because there needs to be final decisions made in companies, it is prudent that while every founder receives the same money for their input and investment, they are not all equal behind the scenes.Such a company would struggle to move forward with a long-term agenda.Four major definitions revolve each around the entrepreneur being: - A risk taker; - A resource allocator; - An innovator; or, - A naturally gifted individual (born-entrepreneur).Interestingly, there seems to be some level of overlap from particular individuals, in regards to the four perspectives listed above.Although the tech industry is very appealing to both myself and other contemporary entrepreneurs, it is important to begin my business career doing something that will generate steady return before moving on to other projects.Firstly, the market is ripe for expansion in the food and beverage industry and appeals to me as a stepping stone toward other business endeavors, thus making it easier to grow the business quickly and expand my personal wealth.During our first year of business, we expect that we will gross around one million in gross sales. If we have a successful bar established in a large city, we can expect to make anywhere from ,000 to ,000 dollars depending on the night of the week, keeping a large percentage of that due to the industry’s exceptional profit margin. Yet while the tech industry may be the most lucrative for prospecting entrepreneurs, others, such as food and beverage, can also expect steady growth over the next several years.For this fictional study, I will plan the building of a large bar in a major metropolis alongside four friends.