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Zambrero Case Study Solved

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Introduction

Dr Sam Prince, 31, is an entrepreneur, medical doctor and the founder of two charities, One Disease at a time and Emagine Foundation. While he was in medical school, Zambrero Fresh Mex Grill, a restaurant of Mexico had been found by him that has been grown to more than 17 stores and earning revenue of more than 13.7 million dollars. This chain of restaurant had been started by him when he was only 21 years old. He has been holding the occupation of a doctor on full- time basis (Zambrero, 2012). With the population of 170 members of staff and a yearly earning of revenue by 13.7 million dollars, it has been named as the franchise growing at the fastest rate in the market of Australia for the year 2011.

With the main focus on Sam Prince, the founder of Zambrero, this paper will be focusing on the traits of entrepreneurs present in him while justifying these traits based on the article provided. Further ahead, this report will be discussing the three recent trends that contribute in illustrating the movement of social entrepreneurship.

Traits of Entrepreneurs

When Sam Prince had been studying at the university, he realised his interest in flowering ethical entrepreneurship. Starting a business is an extremely difficult task that involves patience and certain skills for dealing with a number of activities involved in order to be successful (Brooker, 2013). However, it is important to note that the role of an entrepreneur does not end with setting up a business, but it continues till the business winds up. Following this principle, Sam Prince has been successful in all of his fields as a doctor, social worker and an entrepreneur. The success itself seems evident for the fact that Sam Prince has succeeded as an entrepreneur (Cooper, 2010).

One such skill of an entrepreneur is being highly motivated. When Sam Prince opened his first restaurant, he was still studying at medical college at the age of 21. If he had not been confident in himself and his own potential, he might not have succeeded in expanding his restaurant to 17 chains having 170 members of staff (Gardner, 2012). He is also highly motivated towards discovery and adventure that does not tend to explain the reason why he is extremely driven towards using his powers of entrepreneurship that only adds up to his success. This also contributes in expressing his quality of being a risk taker. If he had not been a risk taker, he would not have been successful in being a founder of two charities as well (Gardner, 2012). An entrepreneur is also known for its charismatic behaviour. Sam Prince holds a charismatic response when he considers his project of One Disease at a Time that seeks on elimination of scabies. His voice quality considers drawing an explanation that 70 per cent of children in Aboriginal people will end up catching scabies before they even turn one. Prior to the performance of any type of aid work, it is important for ensuring that there is a clear understanding as to what according to them the basic right of humans is and what according to them is the basic responsibility for humans (Cooper, 2010). It is important to note that there is a need for understanding the difference between both of them. According to him, one should be running an aid organization with respect to the similar rigour nature as it would be applied in a business enterprise.

The features of entrepreneur are also related to serial innovators. As an entrepreneur, Sam Prince is defined by his quality for constantly developing new and different ideas and making improvement in the present processes (Jacobs, 2012). As a matter of fact, this is the success story for majority of the entrepreneurs in a significant manner. Successful individuals have been welcoming changes that are often highly dependent for making an improvement in the effectiveness related to leaders. This quality can be considered as one of the main traits due to which there has been improvement in processes, services and products for winning all of his businesses in a significant manner (Bowser, 2012). According to Sam Prince, an entrepreneur must be having the ability of seeing a gap within the market, looking for an immediate and responsible solution while backing it up with an alternate solution. He also admits that irrespective of his apparent successes, his journey as an entrepreneur has not run with smoothness. He faced a number of challenges only because he entered the world of enterprises at a very young age.

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