Entrepreneurial Life World Free Essay Example, 1750 words

An entrepreneur tends to possess a different lifestyle, which indicates the development of any new aspect of his life. Entrepreneurs often lead to a different life as compared to the employers of several companies. Certain differences could be found to get existed between the life of an entrepreneur as well as an employer. The role of entrepreneurship is essentially more risky in comparison with others who are involved in operating an existing business. In relation to the above context, an entrepreneur should have the quality of risk-taking ability, which will help in achieving the success of business within due time (Sarasvathy et. al. ,1998). It can be apparently observed that an entrepreneur also possesses the ability to address risks that arise during the business process. On the other hand, the person or the employer should also get the support of advanced prepared reserves, which will be used during the period of managing any sort of crisis situation. Another major difference can also be found considering the fact that an entrepreneur emphasizes reducing the tendency of risks and more vitally controlling the outcomes of the same. We will write a custom essay sample on Entrepreneurial Life World or any topic specifically for you Only $17.96 $11.86/page In this regard, the entrepreneurs should have a key focus upon building the team effectively. The main objective of entrepreneurship in this context is to pay utmost attention to building core values as well as principles relating to leadership quality. More specifically, it is also elaborated that an entrepreneur should bear a few values in the business process.