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Essay / The Life of an Entrepreneur - 1630
The ability to become a boss takes many years of hard work and dedication. It might even require the current boss to be fired. If only there was a career in which a person could immediately become a boss. Entrepreneurship allows a person to run their own business by starting their own business and can provide many opportunities by becoming their own boss. Entrepreneurship started many years ago. An entrepreneur is a businessman who starts his own business in the hope of making a profit. Many famous people throughout history were early entrepreneurs. Marco Polo came up with the idea of trading with Asia through venture capital firms in the 13th century. All of Polo's expeditions have been funded by venture capitalists. Venture capitalists were assured that they would share in Polo's profits. Polo was forced to do this in order to get his ideas funded. This continues today, as venture capitalists make the same deals they do today. Polo was convinced that his materials could sell well and be appreciated by others. Thomas Edison also needed someone to finance his ideas and inventions. He faced a huge financial crisis when he wanted to finance his ideas and inventions. He was forced to hire other employees to help him solve all his financial problems. Edison is considered the first to hire employees in an entrepreneurial manner. Thus, creating what the business is today (Clarke). Obviously, entrepreneurship has been around for a very long time. There are many poems about entrepreneurs. The poem Entrepreneurship by Eric Niehoff presents the exact attitudes needed for an entrepreneur to succeed. “Creative and driven, dedicated to success, seeing opportunities where others fail” (Niehoff). This illustrates the...... middle of paper ......garlic. This could mean the end of the business when the entrepreneur dies, becomes injured, or even becomes ill (Pinson and Jinnett 67). Large investments can be difficult to manage. If the entrepreneur invests in large investments, then he puts his business at significant risk. If a major investment fails, then it is a major loss for a business. This could potentially lead to the end of a business depending on the scale of the investment. A large investment can be extremely expensive for an entrepreneur (Peterson 4). When Rob Plank was asked about the pros and cons of being an entrepreneur, he said, "It can be long stressful days, other times it can be rewarding when the work is done and you have clients satisfied” (Plank). As a result, Plank believes the job comes with stress, but happy, satisfied customers are worth it...