The paper “ Bill Gates as a Successful and Innovative Entrepreneur” is a motivating example of the case study on business. Entrepreneurship means “ to begin a new business or renewing an already existing business” . Because of the fact that a large number of new businesses are unsuccessful, therefore, entrepreneurship is very hard to accept. The processes involved in starting a new business may vary depending on the type of business. The businesses may be rated from starting a single task to complex projects with the hiring people. The general idea for entrepreneurship originated in the 1700s and its meaning has been altered with due course of time.
Some call it starting a new business while others have a different meaning for it (Bronstein, 2007). Some economic experts say that entrepreneurship involves investment for a new adventure. Most businesses with a high rate of investment require high financial resources so as to increase their assets. Financial capitalists try to get a profit of up to 20-30%. There is a variety of organizations consisting of special political units, brooders for new business, scientific research areas, and non-governmental organizations (Bronstein, 2007). Entrepreneur: As mentioned earlier, an entrepreneur is a person who has his own new business adventure.
He is answerable for all the profits and the loss. The word ‘ entrepreneur’ was first used by Irish economist Richard Cantillon. A female entrepreneur is called entrepreneurs, a French word (Davidson, 2004). The present age history sat that entrepreneurs accept the fact of the lass in business. But this explanation seems to be established by the fake transformation of Cantillon's and Say's thinking. An inquiry showed that in reality entrepreneurs strongly oppose loss.
They are fortunate that their desire for profit allows them to manage usable resources in an effective manner. In other words, they use the elements of profit (natural resources, manpower, equipment, experimental knowledge, and productivity) expeditiously (Davidson, 2004).
Davidson, A. 2004. Smart Luck: The Seven Other Qualities of Great Entrepreneurs. Prentice Hall Business.
Klein, M. 2004. The Change Makers: From Carnegie to Gates, How the Great Entrepreneurs Transformed Ideas into Industries. Holt Paperbacks.
Smith, R. C. 2004. The Rise of Today's Rich and Super-rich. Beard Books.
Lockwood, B. 2007. Bill Gates: Profile of a Digital Entrepreneur. Rosen Publishing Group.