Who are the entrepreneurs in your community (preferably in the USA, in states like Louisiana florida, texas where I live ) and what are they accomplishing?
An individual can be considered as an entrepreneur if the person runs a business instead of working as an employee. The entrepreneur takes the initiative to start a business, an organization or a startup. The entrepreneur can take all the decision regarding the organization itself. The entrepreneur develops innovative business strategy; buy all the raw material and other resources. The person who treated as entrepreneur is fully responsible for all the risk and returns of the organization. This entrepreneur contributes significantly in the development of an economy through its innovation of new ideas, generation of new job opportunity. These entrepreneurs generally have been operating under the entrepreneurship ecosystem.
A famous entrepreneur in the USA market is Donald Trump. He is known as a pioneer empowering entrepreneur in the real estate sector in USA market. Donald Trump has been running his business organization in New York City. This entrepreneur is known not only for his enormous success but also the frequency of failure he had faced and overcome again and again. Donald Trump has started his business at the late 1960’s with his father. This business company has experienced success within a short span of time. Donald had faced many ups and downs during the operation period. At 1992, he had to sign a bankruptcy plan as he was not able to repay his debt of the amount $900 million. At this point generally most of the entrepreneurs give up . But surprisingly, David Trump has managed not only to get out from this debt problem but also increase the credibility and profitability of his company. Now, David Trump becomes a multi- billionaire. The present net worth of his company is $2 billion (Stearns, 2014).
Starrett, J. Expansion and restaurant entrepreneurship.
Stearns, T. (2014). Introduction to entreprenuership. [Place of publication not identified]: Kendall Hunt.
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