Would You Make a Good Entrepreneur?

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WRITTEN ASSIGNMENT

Would You Make a Good Entrepreneur?

Ja’Niya Ladson

Department of Business and Entrepreneurship

BA130OL- Introduction to Business

Dr. Wilton Stewart

April 4, 2021

Grade Breakdown

>Communication: 19.00 points out of 20 points

>Analysis: 19.00 points out of 20 points

>Application: 18.00 points out of 20 points

>Effective Use: 18.00 points out of 20 possible points (error in APA format)

>Style: 18.00 points out of 20 possible points.

Remarks:

• Errors noted with Source entries in reference list. See professor’s comments.

• First line of second to last paragraph not indented 0.5 inches.

• Improper textual citation noted in second to last paragraph.

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WRITTEN ASSIGNMENT

Quiz feedback

Based on the quiz feedback, I have what it takes to become an entrepreneur. Many

successful entrepreneurs started their businesses at an early age by selling items to their

classmates. Entrepreneurs do not start their businesses while they have grown up. Secondly,

running a business requires a lot of time especially in a case where the business is required to

grow. Therefore, an entrepreneur should have time to spend on the business.

Thirdly, many successful entrepreneurs are not in the business for money. They focus on

higher goals such as the love for the business they perform and making a positive contribution to

the world. It is also important to be good with the money that one receives every day. A good

and successful employer should be able to account for every amount they receive. It is important

to keep a close eye on the cash flow. Based on the quiz, I have the ability to manage my finances

and this can make me to become a good entrepreneur.

Businesses are faced with severe and unforeseen challenges all the time. A successful

entrepreneur should be able to deal with the challenges and overcome them. A successful

entrepreneur should be good at making decisions. A single decision can affect the business in a

big way. It is important to have the right decision making skills. Based on the quiz, I have the

right decision making skills and can therefore be a successful entrepreneur.

Basic skills

In case the quiz feedback showed that I was not good enough to start a business, I would

be willing to delay my plans and acquire the skills first. This is because I understand the

importance of having the right skills for the business and the risk of starting a business without

the right skills. Without the right skills, it can be difficult to obtain the expected results and

Commented [WS1]: Grammatical error➔ ?? Awkward wording.

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WRITTEN ASSIGNMENT

become a successful entrepreneur. It can also be difficult to make profits. Instead of risking

failing in business and making losses, it is better to delay the plans and acquire the basic skills

first.

In spite of what the quiz reveals, I have the basic skills needed to own and manage a

successful business. One of the basic skills needed to manage a business is financial skills. The

ability to manage finances is very important and business people are required to forecast their

sales and cash flow. I have the right financial management skills to run and manage the business.

Therefore, no matter the results of the quiz, I have the ability to run and manage the business.

I also have problem solving and decision making skills. In spite of the plans that people

make concerning their businesses, problems will always arise. This requires someone to be able

to make decisions while under pressure. I am able to make decisions and solve issues well. This

can enable me to run and manage a business.

Gabriel Jordan’s presentation

From the presentation, Gabriel Jordan started her dream of becoming an entrepreneur at the age

of 7 (TEDx Talks Williams, 2013). This is similar to my view on entrepreneurship in that many

entrepreneurs begin their journey on entrepreneurship at an early age.

Gabriel Jordan states that entrepreneurship requires overcoming fear and being confident.

While confidence and being bold are very important, I think that having the right management

skills is far more important. She also states that failing is an opportunity to learn. I agree with her

perspective because I also take every failure as an opportunity to learn.

Commented [WS2]: First line of paragraph not indented 0.5 inches in accordance with APA Manual 7th ed.

Commented [WS3]: Improper textual citation.

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WRITTEN ASSIGNMENT

Reference

TEDx Talks, (2013). The Making of A Young Entrepreneur: Gabrielle Jordan Williams at

TEDxRockCreekPark. https://www.youtube.com/watch?v=EblQj_pZFlQ

Williams, G. (2013, May 11). The making of a young entrepreneur: Gabrielle Jordan Williams at

TEDxRockCreekPark [Video]. YouTube.

https://www.youtube.com/watch?v=EblQj_pZFlQ&authuser=0

Commented [WS4]: Improper format

•Not in hanging indent format

•Information not presented in APA format in accordance with example 90, article 10.12 on page 344 of APA Manual