Entrepreneurship Career Study

Contents
• Introduction
• Rewards and Challenges of Entrepreneurship
Career
• Successful Entrepreneur Case Study
• Reference List
 Introduction
• Entrepreneurship stimulates
job creation and economic
development
• Inclination towards
entrepreneurship is reliant
upon student’s present and
future goals
• Entrepreneurship stimulates
profitability margins
• Design and operation of new
business Figure : Entrepreneurship and
impact upon economic
• It can include processes,
growth and jobs
services and products for sale (Source : Helmers and Rogers,
Review of Industrial
Organization)
 Rewards and Challenges of
Entrepreneurship Career
• The determination of risk
and opportunities is critical
criteria in determining
successful business ventures
• Rewards- increased
flexibility, creativity,
freedom and control over
Figure : The Risks and Rewards of
business
Entrepreneurship
• Risks- Uncertain income, (Source :
insecure cash flow, https://www.lcps.org/cms/lib4/)
emotional and scaling risks
Rewards and Challenges of Entrepreneurship
Career (continued)
• Creativity- Novel problem solving measures
• Freedom- freedom within the working setup
whether travelling, home or at office
• Motivation- New business creation while
deploying the acquired skills or abilities
• Business operations control- large degree of
agency
Rewards and Challenges of Entrepreneurship
Career (continued)
• Uncertain income- insecurity of steady salary
• Insecure Cash flow- Arises due to client loss
or payment delays
• Scaling Risks- Self sufficient network that can
successfully navigate business challenges
• Emotional Risks- self doubt, rejections, time
management, and conflicts with co founders
 Successful Entrepreneur Case Study

• Social Media platform Facebook

• It originated in Harvard University back in
2004
• Its founder is Mark Zuckerberg
• The reason behind Facebook’s success is its
immense popularity
 Successful Entrepreneur Case Study
(Continued)
• Entrepreneurial inclination and orientation of
Mark Zuckerberg
• Facebook originated within Harvard campus
back in 2004
• The invention is backed by Zuckerberg’s
orientation towards networking and
communication technology implementation
 Successful Entrepreneur Case Study
(Continued)
• Conflict with rival organization ConnectU
• Plagiarism case against Facebook and
consequent lawsuit
• Successful “attitude towards risk” and
entrepreneurial undertakings.
Successful Entrepreneur Case Study (Continued)

• Monumental popularity amongst the user

• Over 50 percent of Undergraduate
population within first month started using
Facebook
• Youngest Billionaire with assets worth US $ 4
Billion as of 2010
 Successful Entrepreneur Case Study
(Continued)
• customer and market
segmentation
research and team
building
• leadership attributes Figure : The determinants of
and managing and Entrepreneurial Success
(Source :
funding resources https://www.semanticscholar.
org/)
• attitude to undertake
critical risks
 Successful Entrepreneur Case Study
(Continued)
• the attitude towards risk
• Networking Skills
• Team Building skills
• Leadership skills
 Conclusion
• To conclude, it becomes imperative to
mention that in order to be a successful
entrepreneur one has to navigate the
potential risk and opportunities attributed
with the entrepreneurial ventures. Moreover,
one has to cultivate the necessary skills of
leadership, team building, networking and
attitude towards risk.
 Reference List
• Asante, E.A. and Affum-Osei, E., 2019. Entrepreneurship as a career choice: The impact of
locus of control on aspiring entrepreneurs' opportunity recognition. Journal of Business
Research, 98, pp.227-235.
• Braches, B. and Elliott, C., 2017. Articulating the entrepreneurship career: A study of
German women entrepreneurs. International Small Business Journal, 35(5), pp.535-557.
• del Campo, C., 2017. The role of creativity in entrepreneurship: An empirical study on
business undergraduates. Education+ Training.
• Ensari, M.S., 2017. A study on the differences of entrepreneurship potential among
generations. research Journal of Business and Management, 4(1), pp.52-62.
• Hincapié, A., 2017. Where are the Young Entrepreneurs? A Study of Entrepreneurship over
the Life Cycle. Mimeo, Washington University in St. Louis.
• Kanonuhwa, M., Rungani, E.C. and Chimucheka, T., 2018. The association between
emotional intelligence and entrepreneurship as a career choice: A study on university
students in South Africa. SA Journal of Human Resource Management, 16(1), pp.1-9.
• Shivanath, E.G., 2018 AN EMPIRICAL STUDY ON APPROACH OF MANAGEMENT STUDENTS
TOWARDS ENTREPRENEURSHIP AS A CAREER ORIENTATION Pallavi.