What is an Entrepreneur?
The literal definition of an entrepreneur is "a person who organizes and operates a business or businesses, taking on greater than normal financial risks in order to do so." Some famous entrepreneurs are; Bill Gates, Steve Jobs, and Mark Zuckerberg. They started their companies at a young age and invested lots of money into their ideas, which eventually paid out because it eventually became multi-billion dollar companies. Starting as a small company and developing into a big company by selling a product or service is the goal of any entrepreneur.
Does an Entrepreneur work independently or part of a group?
Entrepreneurs would find themselves with a big challenge when it comes to working alone or working in a group. This could mean jump-starting a business individually with enough financial aid or working with others to decrease the work load and share the profits they make and the investment they make. Today most entrepreneurs work in a group environment as the tasks and challenges to compete in a market today is way harder than it was 10 years ago. But an entrepreneur can work either individually or part of a group.
What type of education is required for entrepreneurship?
Taking business courses in high school is highly recommended for this type of field, as it heavily involves financial management and general economic knowledge. Communication is key to entrepreneurship as constant communication with partners is necessary, so being good in english and public speaking is also good. Courses like media arts and comm tech are good for developing skills to jumpstart a business too; creating logos, advertisements, and being accessible on digital media is good for jumpstarting a business.
A University or College education is not required for entrepreneurship, but is highly recommended. The admission requirements for this program is; College or University level English, and College or University level math in both grade 12 and grade 11.
This program provides either a 3-year diploma or a 4-year degree of Commerce. This time is spent developing the skills required for planning, start-up, and expansion of a small business.
What skills should an entrepreneur have?
- Invest for the long term
- Setting goals and focusing on them
- Finding and managing people
- Selling a product or products
- Learning from mistakes and profits
What is the average salary of an entrepreneur?
According to sokanu.com, an experienced American entrepreneur makes about $82.50 an hour or $171,610 a year, a junior entrepreneur makes about $53.18 an hour or $110,610 a year, and a starting entrepreneur makes $36.07 an hour or $75,030 a year.
What companies/type of company would an entrepreneur work for?
An entrepreneur would find themselves working for companies in the digital media industry. Companies like Facebook, Twitter, Skype, Apple etc. depended on entrepreneurs to handle investments, investments for the short and long term, and manage the people who work for this company. In comparison to media arts, artists and designers also depend on investments from entrepreneurs, the perfect example is at auctions. These artists auction off their piece of work to these entrepreneurs who want to invest in them for the long term.
Would I be interested in entrepreneurship?
I am open to entrepreneurship as it requires good business and financial knowledge that I can develop through a post secondary education. Entrepreneurship involves constant communication with others and someone who will be dedicated to invest. Using my knowledge from media arts I could see myself working in a digital media environment as an entrepreneur, so I would be interested in this career path.