Entrepreneurship Management Essay Example | Topics and Well Written Essays - 500 words - 2

Entrepreneurship Management - Essay Example k of sufficient market information which reduces the entrepreneur’s confidence in the potential of the identified opportunity and it makes them increase their risk perception. Entrepreneurship is starting a business from a point where one has to come up with the idea first, then starting up the business and managing it for a long term. For the entrepreneur to come up with such an idea he/she has to be creative. The government imposed rules like paying labor regulations, foreign trade regulations, high taxes, price control among other regulations to start a new business appear to be one of the major obstacles experienced by the entrepreneur. The entrepreneur might have the capital to start a business without the knowledge of the high taxes imposed by the government and upon noticing he/she shies off to avoid losing much of his wealth. Entrepreneurship is a process which a particular person undertakes to organize a risky activity aimed at getting some interest. These activities could vary from trading, giving services and starting an industry. Being afraid to fail is a strong impediment to entrepreneurship. This fear is as a result of the entrepreneur risking to start an investment with his/her money without knowing whether the business will yield. As a result of fear many people who would have ventured in entrepreneurship keep away from it. There is also issue of business monopoly which is as a result of all profitable and successful businesses being ruled by few very wealth and well-connected families. These families practice unfair competition thus monopolizing successful businesses and make them not to grow beyond a certain limit. These new entrepreneurs are either forced to sell their businesses to those monopolists or leave the business. Entrepreneurship refers to the way one thinks and acts by forming a business organization which provides goods and services aimed at economic gains. The change of investment policies, regulations and laws mostly leads to a