Entrepreneurship Essay

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The opinions of significant researchers and economists have been categorised into these areas.

First, let us explore those with perspective that the entrepreneur is a risk taker.

Entrepreneurship is a bold venture for any investor to get involved in, and creating a successful business requires a massive amount of effort in terms of undertaking.

In this sample essay, our expert writers respond to a prompt that asks the student to craft a unique business idea and discuss related market factors.

This type of document might be created for an economics class or as part of a business plan for professional purposes.

Over the next several decades, technological advancements will likely create more jobs in the respective industry throughout the country.

In essence, if we were to sell liquor and beer with a 400% profit (every .00 shot costs roughly

Over the next several decades, technological advancements will likely create more jobs in the respective industry throughout the country.

In essence, if we were to sell liquor and beer with a 400% profit (every $7.00 shot costs roughly $1.75), we can assume that we could sell at least five hundred shots or beers per night, generating $3,500 in gross sales.

TThis is a much bigger margin than other industries, especially clothing and retail.

Hence, our bar will be part of a growing niche market: affordable entertainment.

This affordability will my business partners and I leverage in the future; due to stagnant liquor prices, there will always be an interest in going out to bars.

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Over the next several decades, technological advancements will likely create more jobs in the respective industry throughout the country.In essence, if we were to sell liquor and beer with a 400% profit (every $7.00 shot costs roughly $1.75), we can assume that we could sell at least five hundred shots or beers per night, generating $3,500 in gross sales. TThis is a much bigger margin than other industries, especially clothing and retail. Hence, our bar will be part of a growing niche market: affordable entertainment.This affordability will my business partners and I leverage in the future; due to stagnant liquor prices, there will always be an interest in going out to bars.Yet while the tech industry may be the most lucrative for prospecting entrepreneurs, others, such as food and beverage, can also expect steady growth over the next several years.For this fictional study, I will plan the building of a large bar in a major metropolis alongside four friends.Although the tech industry is very appealing to both myself and other contemporary entrepreneurs, it is important to begin my business career doing something that will generate steady return before moving on to other projects.Firstly, the market is ripe for expansion in the food and beverage industry and appeals to me as a stepping stone toward other business endeavors, thus making it easier to grow the business quickly and expand my personal wealth. Is it a person who is born with the natural traits to be successful in business?Is it the inventor who creates and produces the latest innovations?

.75), we can assume that we could sell at least five hundred shots or beers per night, generating ,500 in gross sales.

TThis is a much bigger margin than other industries, especially clothing and retail.

Hence, our bar will be part of a growing niche market: affordable entertainment.

This affordability will my business partners and I leverage in the future; due to stagnant liquor prices, there will always be an interest in going out to bars.

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