Difficulties and Challenges in Entrepreneurship

Difficulties and Challenges in Entrepreneurship Evidence suggests that small business stands a significantly higher chance of failure than a large business yet many small businesses survive and some dont. These gaps have been discovered that hinders the success of small firms in entrepreneurship, economies of scale, human capital implementation, limited resources, geographical location, and management skills. We operate in an increasingly global economy, which is highly competitive. Hence the importance of superlative management skill should be devised. It is highly crucial in ensuring that small businesses not only survive but grow in the quality of management, hence lacking key management services could limit the success of small business. The purpose of this literature review is to explain and critically analyse the work that has been reported on problems and challenges faced in entrepreneurship. Having identified these gaps I have established my topic, identifying the problem small business face in entrepreneurship. Identifying the key terms of the literature terminology is crucial as it includes the dependent variable and independent variables. RESEARCH QUESTIONS Why do small businesses encounter so many difficulties at start up point? What are the major problems influencing small firms in entrepreneurship? Is it relevant to acquire entrepreneurship skills before venturing into small business? RESEARCH OBJECTIVES To collect a variety of entrepreneurial ideas related to entrepreneurial opportunities via various techniques. To distinguish the importance of planning and give examples of how planning can surmount problems. To analyze obstacles and explain how these obstacles may impede creative thinking and generation of new ideas. INTRODUCTION According to Paula McCoy Pinderhughes, an entrepreneur is a person who visualizes or possesses a burning desire to make a change through hard work, dedication and determination, knowing that it will satisfy their ultimate personal and business objectives. To one businessman, an entrepreneur appears as a threat, an aggressive competitor, whereas to another businessman the same entrepreneur may be an ally, a source of supply, a customer, or someone who creates wealth for others, as well as finds better ways to utilize resources, reduce waste, and produce jobs others are glad to get (Hisrich Peters, 2002). The word entrepreneur is defined as a person who has possession of a new enterprise, venture or idea and assumes significant accountability for the inherent risks and the outcome. The term is originally a loanword from French and was first defined by the Irish economist Richard Cantillon. (Bill Bolton and John Thompson (2004; 14) A literature search for a suitable meaning of an entrepreneur designates that it is rather easier to explain the worth of an entrepreneur. But it is hard to accurately identify who is an entrepreneur. A number of definitions are indicated in the literature. According to an article by Mona Abdulla (2009) states that typically, entrepreneurship means a business is being created with the express goal of fetching larger through an aggressive growth schedule. Entrepreneurship is a corporate development. This is the major challenge to any new business. Consumers are cautious about trying new goods and services. Most items being purchased today is frequently based on identified brand names and using familiar purchasing patterns. Apparently, it is easier for customers to procure the items or brand that they have used. Considerably, a new business must ensure that its target market are pleased with the brand, proper marketing strategy has to be taken for consumers to embrace a new product. This problem is sensitive to the immense amount of marketing clutter that most organization encounters. Getting rid of clutter is most especially difficult for new firms with limited budgets set aside for marketing and promotion strategy. Traditional methods o f advertising and consumer promotions may not be enough to get recognized. Company leaders must be sure to deliver on promises and provide a high quality experience especially on the customers first purchase, as bad experience often lead to fall in business. THE PROBLEMS AND CHALLENGES Entrepreneurs have become one of the most active forces in the market, which is itself driving much of the worlds economic growth. This makes entrepreneurs very important from a macro-economic perspective. As the globalism of business becomes even more extensive, this impact will be felt. Entrepreneurs are already becoming a major force in developing nations and the economy worldwide. The process of redefinition is an essential component of a companys strategic renewal and therefore constitutes an important aspect of entrepreneurship (Guth and Ginsberg, 1990). It is through leadership strategies that the entrepreneur helps to facilitate the reflection of excellence (cornesky et al., 1990: 58-59; peter and Austin, 1985: 5-6) Todays entrepreneurial leader requires new people who does not depend on organizational superiority and subordinate theses contemporary leaders helps to create enhanced capacity in their people, who in turn become the steward of all organizational stakeholders (Mc lagan and Nel, 1995: 46-47) The scope of what entrepreneurship involves will continue to change and evolve, and yet there are some regular issues of how to start, finance and run a business. Companies that go internationally face the foremost challenge of integrating various types of acquaintance so that the organization as a whole can benefit (Zahra et al., 2000a). One ordinary factor for all entrepreneurs is the test of starting a business, searching for an innovative idea, passing the right prospect to venture into a business. Entirely entails organizing all the aspects so that the entrepreneur can maximise his or her goals. Most entrepreneurs also face problems financing their entrepreneurial project, as well hurdles within corporate rules. Except if one single handled the venture, getting money is a challenge that requires prepares funds proposals for loans and many more. We have so much in turn written on this phase of an entrepreneurial that implementing the very best would b e more of an advantage well as challenging. IMPLEMENTATION STAGE All said and done, passing this face ups and challenges, ordinarily one should expect to have smooth glide. Given the business has a good plan; the venture should carry on with less glitches, the execution process seems to be the real craft-or-crack point of an entrepreneurial venture. There are proposition that part of the problem is that ideal people for this process, Perhaps, there are wide varieties of skills needed at this stage, that an individual can not dwell on all of the skills. Alternatively, for entrepreneurs to be successful, identifying the key factors of their field would be very necessary, as they can easily get subcontractors who can fill the missing gaps. Perhaps looking at what different skills that can get a business started would be necessary. Such skills includes, marketing, workers, publicity, sales, communications, public relations, human resource, legal needs, government regulations, crisis management, risk management, natural disaster planning, insurance, te chnology, and the financial aspects of the organization accounts, bookkeeping, paying taxes, managing debt, and so on. One should take into consideration that without a strong technical foundation, the business cant be successful, an above all, the conceptual aspect of organization, are leadership, growth philosophy, ethics, and most importantly the exit strategy of the any organization. These are issues that we tend to overlook, yet it set the whole subject and direction that any business will take. CRITICAL CHALLENGES There are types of businesses that can be started on a small budget; one will need access to capital to fund the business, where the money comes from is less important, but the most important thing, is a need to be realistic about startup costs and being able to manage the funds well. Developing a, realistic, thorough and honest financial plan will help to avoid this mistake. New entrepreneurs often underestimate the length of time it takes for a business to become profitable and the amount of money they will need to invest in the business before its profitable. Employees responsibilities are limited to a narrow job description. According to Gupta and Govindarajan (1991), superior levels of awareness flows have serious implications for a companys control systems. Knowledge that is vital to sustaining and promoting entrepreneurship includes both expertise and market-based knowledge (Gupta and Govindarajan, 1991). However, at the start of a business, the entrepreneur becomes responsibl e for everything from exploration to development process as well as to product delivery to detailed account. This implies that there are field that will be beyond the owners area of expertise. Reckon upon the range of the business, it is possible that the organization does not have the ability to handle different responsibilities due to incompetent staff. It is important to be honest about your own limitations for the success of the company, seek out expert advice in such fields and the support of achiever in entrepreneurship. An entrepreneur does work harder for him/herself most precisely than you would ever work for any one. Building a successful business requires a large investment of your time. It will be important to schedule specific work hours. Setting goals can also help you to stay on track. To overcome these problems. It is important to remember that customers are interested in benefits as opposed to product or service features, and doing all you can do to stay on track would be the most to keep your business. JUSTIFICATION OF LITERATURE CONCLUSION How is an entrepreneur to deal with all this overload of challenges? To meet these challenges, subsidiary executives should also demonstrate higher levels of lenience for indistinctness (Gupta and Govindarajan, 1991). It is nice to know that there are resources one can count on such as, training programs, discussion groups, educational resources, professional associations, and publications to turn to for advice and support at all times.

The Character of Laertes in Hamlet Essay -- GCSE English Literature Cou

The Character of Laertes in Hamlet In Shakespeare’s play, Hamlet, the character of Laertes is introduced as the son of Polonius. Â  Laertes is immediately established as a favorite with the King. Clouds refers to the young man five times by name and immediately grants him permission to return to his studies in Paris, if he has his father's permission. Thus we are prepared for their later treacherous alliance. In this scene too Laertes' relationship with his father is visually established by both appearing on stage together, although they do not address each other. A contrast is also established in this scene between Laertes and Prince Hamlet. One enjoys the King's favor and is readily given permission to resume his studies in Paris; the other does not and is not allowed to resume his studies in Wittenberg. This situational contrast will later be developed into a moral one. On his second, and final, appearance before he departs, Laertes offers his sister Ophelia moral advice about her relationship with Hamlet. He speaks cynically about the 'trifling of his favor', something that will not last 'A violet in the youth of primy nature, Forward, not permanent, sweet, not lasting, The perfume and suppliance of a minute, No more.' He also suggests that even if Hamlet does really love her, as heir to the throne of Denmark he is not free to choose his own wife. Finally he warns her not to surrender her virginity to his 'unmaster'd importunity'. Laertes' concern here seems to be not with his sister's feelings but with her honour (reputation) and by implication, that of the family. Ophelia's spirited response 'But good my brother, Do not as some ungracious pastors do, Show me the steep and thorny way to heave... ...mode, Frank. "Hamlet." The Riverside Shakespeare. Ed. G. Blakemore Evans. Boston: Houghton Mifflin Co., 1974. Mack, Maynard. "The World of Hamlet." Yale Review. vol. 41 (1952) p. 502-23. Rpt. in Shakespeare: Modern Essays in Criticism. Rev. ed. Ed. Leonard F. Dean. New York: Oxford University P., 1967. Rosenberg, Marvin. "Laertes: An Impulsive but Earnest Young Aristocrat." Readings on Hamlet. Ed. Don Nardo. San Diego: Greenhaven Press, 1999. Rpt. from The Masks of Hamlet. Newark, NJ: Univ. of Delaware P., 1992. Shakespeare, William. The Tragedy of Hamlet, Prince of Denmark. Massachusetts Institute of Technology. 1995. http://www.chemicool.com/Shakespeare/hamlet/full.html Ward & Trent, et al. The Cambridge History of English and American Literature. New York: G.P. Putnam's Sons, 1907-21; New York: Bartleby.com, 2000 http://www.bartleby.com/215/0816.html

How Antagonists Effect a Story Essay

In the movie Dark Knight Rises, the antagonist was Bane. Bane’s motives were to wreck and destroy the plans of the protagonist, Batman. Likewise, the antagonist in the book To Kill a Mockingbird, Bob Ewell displayed similar characteristics that were against the protagonist, Scout Finch. In the case of the Shakespearean play Midsummer Night’s Dream, the antagonist is not clear since the play is fully based on confusion and accidents. However, the closest thing being the antagonist is love since it causes the characters in the play to act erratic, foolish and fickle. All the antagonists strived for one similar goal; to ruin the plans of the protagonists. In Dark Knight Rises, Bane displayed his antagonistic character by wreaking havoc in the city of Gotham which is contrary to what Batman would do. â€Å"When Gotham is ashes, then you have my permission to die. â€Å"- Bane to batman after initially defeating him explaining why he does not kill him. This line states Bane’s plan for Gotham and Batman. It also proves that Bane is the antagonist. This also display’s Bane’s yearning for power. By defeating Batman, he expects to establish his rule over Gotham. â€Å"Oh, you think the darkness is your ally. But you merely adopted the dark; I was born in it, moulded by it, I didn’t see the light until I was already a man, by then it was nothing to me but BLINDING! â€Å"- Bane to Batman during their first bout. This quote explains how Bane thinks he can defeat batman and prevail. It also displays a key quality of an antagonist which is confidence. Bane’s behavior and actions in the movie affects the plot in a huge way. It calls upon Gotham’s fate into question whether if Gotham city will survive or not. Therefore, this adds a dramatic suspense to the plot and raises its climax. In To Kill a Mockingbird, Bob Ewell displayed his antagonistic character by going against the verdict at Tom Robinson’s trial, someone who he claims, raped his daughter, Mayella Ewell. After Bob lost the case after being confronted by Atticus of clear evidence that he was lying, he attacked Atticus’ children Scout and Jem. This show’s Bob’s need for revenge and his hatred towards Atticus. He also treats mostly all the characters in the book in an offensive manner and he is hated by everyone. â€Å"I seen that black nigger yonder ruttin’ on my Mayella! † (17. 84). This quote proves his persistence in proving the point that Tom Robinson (whom he refers to as ‘nigger’) raped Mayella. Persistence is also a preserved quality in an antagonist. â€Å"You don’t have to touch her, all you have to do is make her afraid, an’ if assault ain’t enough to keep you locked up awhile, I’ll get you in on the Ladies’ Law, so get outa my sight! If you don’t think I mean it, just bother that girl again! † (27. 8, 12). This quote which was pointed against Helen Robinson, shows that Bob Ewell is a power seeking person. By scaring Helen, he is declaring his power over her. Bob has a major effect on the plot of this story, not only he is raising suspense, but he is also the leading cause for hatred in the story. Had not Bob befit this role in the plot, the story would have not reached its climax. In the Shakespearean play Midsummer Night’s Dream, the antagonist is not clearly depicted since it is a comedy. However, there seems to be a great deal of actions of foolishness and fickleness among the characters. This is caused by love. When Hermia fell in love with Lysander, Demetrius who was betrothed to marry Hermia, objected to their love. However, another maiden named Helena was in love with Demetrius. This displays a trail which love creates. In other words, a confusion on who loves who. To further eradicate this confusion, the flower’s juice which was placed on Lysander and Demetrius turned the situation around. The lovers switched their hearts to Helena. Therefore causing a huge mishap. Love has a huge effect on the plot. It caused hatred and violence therefore adding to the suspense and the climax. It was also persistent which resulted in the characters’ firm actions. In Conclusion, the antagonists in all three pieces had the following similar characteristics: Persistence, Power hunger and hatred. However, all the antagonists strived towards one specific goal that is to eliminate the protagonist. All three antagonists had similar effects towards the plot and therefore raising the climax.

Story of Nature Desire The Storm by Kate Chopin - 1288 Words

Kate Chopin’s â€Å"The Storm†: Story of Nature Desire Naturalism is about bringing humans into the â€Å"natural world†. We, as humans, are seen as aspects of nature collectively not separate like they once were. â€Å"Naturalism holds that everything we are and do is connected to the rest of the world and derived from conditions that precede us and surround us. Each of us is an unfolding natural process, and every aspect of that process is caused, and is a cause itself † (â€Å"A Guide for Naturalism†). Humans are like â€Å"animals† they contain the same drives that animals have. They are just plain â€Å"natural†. Many authors express naturalism in their writings such as Kate Chopin. She expresses a naturalistic view on sexual drives which classify her as a†¦show more content†¦The main focus of this short story is desire. The desire shown by both Calixta and Alcà ©e for each other is obvious. Many people during the time this short story was written would look at it as being â€Å"dirty† or filthy. They would look at the affair as being dishonest and unlawful; similar to the way that some of us today. However, the way Chopin expresses the affair is not at all a sense of guilty. She presences it as if it was something that happens often and that it is a natural thing that humans do. Sexual desire is a natural aspect of people’s lives. Even though she is a strong feminist, she does not limit these sexual desires to just the female character, Calixta. She also dives deep into the desires of a man as well. â€Å"Both males and females, she seems to tell us, are complex creatures whom have no choice but to discover their passion, in spite of risks, confusion, and guilt. (Bloom 81)†. According to Per Seyersted, â€Å"sex in this story is a force as strong, inevitable, and natural as the Louisiana storm which ignites it† (Koloski 145). She observes sex as being a natural thing that cannot be avoided in or outside of wedlock (Koloski 147). She writes as if this affair was unavoidable to the drives between the two characters. In this story, Seyersted says, Kate Chopin was not interested in the immoral in itself, but in life as it comes, in what she saw as natural--or certainly inevitable--expressions ofShow MoreRelatedThe Story Of An Hour By Kate Chopin886 Words   |  4 Pages In Kate Chopin â€Å"The Story of an Hour†, the reader is presented with the theme of prohibited independence. In Kate Chopin â€Å"The Storm†, the scenery in this story builds the perfect atmosphere for an adulterous affair. The importance of these stories is to understand the era they occurred. Kate Chopin wrote stories with exceptional openness about sexual desires. In â€Å"The Storm†, a short story written by Kate Chopin in a time when women were expected to act a certain way and sexual cravings was consideredRead MoreFeminity and Sexual Desires in The Storm by Kate Chopin704 Words   |  3 Pages The Storm is a story Written by Kate Chopin. The time at which the story was set is in the 19th century. The story was set in Louisiana and in real sense, Louisiana is a place that is best known for violent storms. The story is about is a confrontation of the theme of femininity and complexities of the married people in the storm. The storm is used throughout the story, and it only ends after the characters, Alcee and Calixta’s sexual encounter, which brings out the theme of femininity, and sexualRead MoreThe Storm By Kate Chopin Essay1508 Words   |  7 Pages Kate Chopin was an American author who wrote the short story â€Å"The Storm†. It takes place somewhere down in Louisiana at a general store and at the house of Calixta, Bobinot who is the wife of Calixta, and their son Bibi. The other character in the story is the friend of Calixta, Alcee Laballiere. The story begins with Bobinot and Bibi in the general store to buy a can of shrimp; meanwhile, at home, Calixt a is at home doing chores when a storm develops, which makes her worry about Bobinot and BibiRead MoreLeo Haines. Professor Capozzi. Research Paper. April 29,1518 Words   |  7 PagesApril 29, 2017 Kate Chopin Kate Chopin was a famous author of short stories and articles. Kate was born on February 8, 1850, in St. Louis Missouri, and she grew up speaking English and French. After her husband has passed in 1882, and that is when her writing career launched. In most of her novels and stories her characters are bilingual, also known as fluent in two languages. Kate Chopin using the theme of feminism in her stories, â€Å"The Awakening†, â€Å"The Storm†, and â€Å"The Story of an Hour,† whereRead MoreAnalysis Of Kate Chopin s The Storm 915 Words   |  4 PagesSeptember 30, 2015 Analysis of Kate Chopin’s â€Å"The Storm† â€Å"The Storm† by Kate Chopin is a story of passion and desire where morality has no home when it comes to love, sex, and marriage. â€Å"The Storm† as the title implies, tells a story about Calixta a married woman who has an affair with Alcee, a former beau who is also married. As the storm approaches so does Alcee riding upon his horse and he asks â€Å"May I come in and wait on your gallery till the storm is over, Calixta?† (Chopin , pg 121). She allows himRead More Comparison of Ripe Figs, The Story of an Hour, and The Storm by Kate Chopin1074 Words   |  5 PagesComparison of Ripe Figs, The Story of an Hour, and The Storm by Kate Chopin In the three short works, Ripe Figs, The Story of an Hour, and The Storm, Kate Chopin has woven into each an element of nature over which no one has control. She uses short time spans to heighten impact and bring her stories to quick conclusions. She displays attitudes in her characters in two of her stories which may have been very controversial at the time they were written. Ripe Figs is the shorter ofRead MoreThe Storm by Kate Chopin1332 Words   |  6 Pagesnoticed about Kate Chopin’s â€Å"The Storm,† is that it is utterly dripping with sexual imagery and symbolism. Our heroine, if you will, seems to be a woman with normally restrained passions and a well-defined sense of propriety, who finds herself in a situation that tears down her restraint and reveals the vixen within. I wonder if it was intentional that the name Calixta makes me think of Calypso – the nymph from Greek mythology. If half of the sexual symbolism I found in this story was intentiona lRead MoreThe Storm by Kate Chopin1238 Words   |  5 PagesKate Chopin is writing so many great stories about whatever she sees. Kate has many Wonderful stories such as, (The Storm, Desiree’s Baby, A Pair of Silk Stocking, A Respectable Woman, and The Story of an Hour). There is one story in particular that catches my mind which is â€Å"The Storm†. 0In Kate chopins era, women are seen as nothing more than a wife and have to stay with their husband for life. Chopin shows a dramatic scene between Alcee and Calixta during the time of a storm that is passing byRead MoreEssay on Marriage According to Kate Chopin868 Words   |  4 Pages Kate Chopin is an experienced short story writer from the beginning of the 1900s, who was ahead of her time due to her amazing ability to take such complex characters that are easy to identify with and create amazing short stories in such a small amount of space. Marriage is a common theme in her stories, because a wife was a defining role in womens lives back then. The only thing is, marriage is not always shown to be flowery and romantic like writings before her. She looked at the painfullyRead MoreThe Storm780 Words   |  4 PagesKate Chopin#8217;s short story #8220;The Storm#8221; describes an encounter of infidelity between two lovers during a brief thunderstorm. The story alludes to the controversial topic of women#8217;s sexuality and passion, which during Chopin#8217;s time no one spoke about much less wrote about. So controversial was #8220;The Storm,#8221; that it was not published until after her death in eighteen ninety-nine. The story is broken up into five sectio ns, each filled with small clues and hints