Entrepreneurship Essay Example | Topics and Well Written Essays - 3750 words

Entrepreneurship - Essay Example 130). In order to successfully develop a new venture, and to keep an existing one going on, there is a requirement to identify viable opportunities. For finding such opportunities a person has to go out of the way in his search and completely focus on a particular market to understand its needs and then meet them. This process of searching for something in the market has to be persistent and consistent. The market needs change continuously and yesterday’s opportunities can be lost. Competition is everywhere; businesses develop to meet the needs of the market and provide new and/or better products which are more in terns with the demand of the market. We cannot prevent this change; it is inevitable and it threatens the existing businesses. If the businesses are not active and are unable to continuously keep up with the new and emerging needs of the market will always fail at one point or the other and this is not the sign of a successful business. This is what the difference is between an entrepreneurship and a business – an entrepreneurship does not fail and keeps coming up with novel ideas to keep up with competition. An entrepreneur is the mastermind behind such a successful business. It is the efforts of an entrepreneur, his creative thinking and his ability to capture every opportunity and make it a success that makes a business an entrepreneurship. Although the market needs keep changing continuously some businesses consider this a pain in the neck and it is difficult for them to keep up with the demand changes. Some others take this as an opportunity and thinking creatively, grab the situation and profit out of it. That is an entrepreneur. The difference between a businessman and an entrepreneur is that the latter finds out the opportunities available and cashes them out. The process of entrepreneurship involves recognising opportunities, gathering the resources and considering the risks while going after profits. In an entrepreneurship oppo rtunities are perceived in places where others would find risks and threats; change is sought and found where everything still seems the same; an under-served market is identified where their needs are not being met completely, while others find only satisfied customers. In order to seize such opportunities a businessman needs to have a deep insight into the market matters. He needs to be able to think creatively and make decisions taking into consideration the pros and cons of the opportunities. He needs to be able to take risks in order to delve into any opportunity. He needs to understand that risks are inevitable and either one can sit in his own bubble and avoid every opportunity wherein he does not see profits, or he can step forward, take risks and make a name. It can be said that successful entrepreneurs have certain traits that do not exist in other common businessmen. These traits are what set them apart from others. The most important being the ability and willingness to take risks, as without that a business cannot expand. They have to have this courage. However, it is difficult to enumerate all such characteristics as it is not necessary that one successful entrepreneur has everything in common with another. Besides, the traits may also vary between the different

Hurricane Katrina and African-American Society Essay

Hurricane Katrina and African-American Society - Essay Example In the days that followed, the death toll due to the storm would rise to one thousand eight hundred and thirty-three people, 1577 of that number in Louisiana, with hundreds still unaccounted for (CNN). Even though the water was pumped out of the city within four days, thousands were left homeless and abandoned in the wreckage of the city. The survivors of the storm and flood made their way through the remnants of New Orleans to the Superdome. What was previously the home of the New Orleans Saints became home to thousands of refugees awaiting government aid that fell far short of expectations. Survivors were abandoned for days as they waited for aid that wouldn't come fast enough. The world watched helplessly as graphic images of people begging for assistance, of people dying in the streets filled television screens urging them to act, to help bring relief to those affected by this senseless catastrophe. The end result was just as horrifying as the uncensored images displayed which both brought world-wide attention to the nightmarish circumstances facing the survivors and exploited them for those who would take advantage of the disastrous situation (Hartman, Chester; Spires, Gregory). There were plenty of people waiting in the wings to capitalize on the devastation surrounding the survivors of the storm. The total dam age has been estimated at $125 billion (CNN). When our ownWhen our own government wouldn't step up to the challenge, other groups stepped in to raise funds for those displaced by the storm and subsequent flooding. Some of these were legitimate non-profit groups whose only interest was to try and help, such as the Red Cross and the Salvation Army who brought food, water, clothing and volunteers to the area. Others were scam artists and large corporations who took the opportunity to profit from the devastation and take advantage of those who required assistance most. The United States government made no preparations for those that depended on public transportation just to get around the city, for those sick, invalid, or financially unable to leave on their own merit in the days leading up to Katrina (Brookings Institution). Even after the storm passed and the National Guard made their way into the devastation of New Orleans, they brought few supplies for those trapped inside the city, were even instructed to not distribute their own water and supplies to those crying out for help (Hartman, Chester; Spires, Gregory). Survivors were left in the ill-equipped Superdome as the government feared the spread of disease from those who had been forced to live in the fetid waters flooding the city. When they finally were brought supplies from the government, refugees were given boxes containing the vaccine for SARS (Hartman, Chester; Spires, Gregory). The lack of real response to the poorer, African-American population on the behalf of our government is a point of contention worth a deeper examination. The most recent numbers from the government show a total federal infusion of one hundred and twenty-six billion dollars into the Gulf area for rebuilding. Of that amount, one hundred and one billion has either been dispersed or is available for the affected states' governments to draw on (White House). President Bush has committed the federal government to allowing the state of Louisiana a thirty year period to repay their segment of