The paper "James Hughes as an Entrepreneur - Executive Taxis " is a perfect example of a business case study. Entrepreneurs are people who make a lot of sacrifices to succeed in business. For an entrepreneur to succeed, he needs to choose a profession he enjoys to give him the passion needed to overcome various challenges. An entrepreneur also needs to invest in strong business processes to improve the performance of his organization. It is important for an entrepreneur to gather information about the industry he intends to operate in to find out favourable or detrimental factors that have an impact on the success of his business.
This will help him prepare an appropriate business plan that outlines all risks and benefits the firm is likely to face in the industry. A business plan is an essential tool for any start-up because it helps an entrepreneur understand specific actions that need to be taken to make his business successful. Individual Report on an Entrepreneur Introduction James Hughes owns a professional taxi company which has been in operation for the last ten years. His company, Executive Taxis, has spread its wings to other countries such as the Philippines, Malaysia, Thailand, Singapore and Australia.
The company began in Melbourne in March 2003 and has managed to experience positive growth in the last decade. This has helped it extend its profile beyond Australia because its services appeal to a large number of customers, in the markets it operates in. The firm has managed to make its operations more competitive by offering customers high-quality services which encourage them to establish long term relationships with it (Rue & Byars 2003).
In essence, the firm’ s services are highly valued by its clients because they appreciate the way they are treated by its employees. Part 1 Executive Taxis have more than 10,000 workers who do various tasks. Therefore, the firm coordinates important service processes efficiently, which helps it satisfy the needs of its clients. The firm’ s business model has helped it attain positive growth in revenues. As a result, the firm has strengthened the quality of its brand in the industry. Executive Taxis have a large number of dedicated employees who are willing to solve the different problems they face at work.
Allen, K 2011, New venture creation: an entrepreneurial approach, Cengage Learning, Boston.
Cornwall, J., Vang, D & Hartman, J 2012, Entrepreneurial financial management: an applied approach, M.E Sharpe, New York.
Hisrich, R 2010, International entrepreneurship: starting, developing and managing a global venture, Sage Publications, London.
Jones, G & George, J 2006, Contemporary management, McGraw-Hill, New York.
Rue, L & Byars, L 2003, Management: skills and applications, McGraw-Hill, New York.