Essays on Personal Development in Entrepreneurship and Business Venturing Business Plan

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The paper "Personal Development in Entrepreneurship and Business Venturing" is a perfect example of a business plan. Before embarking upon a business venture, entrepreneurs have to spot viable opportunities. One way of doing so is to identify how to solve an existing consumer need in the market. Successful entrepreneurs are those that have come up with solutions for such needs. This is mainly the reason why customers always prefer their options to those of competitors. However, times have changed. The days when entrepreneurs had to spot opportunities are long gone. The intensity of competition in the market has meant that entrepreneurs need to create ideas in order to acquire an edge over the rest.

This is what marks the difference between the progressive entrepreneurs and those that operate like the rest in terms of waiting for opportunities to emerge in the market. The perfect example of such a company is the American technological giant Apple Inc which has constantly been introducing new innovations. Some of its innovative products include iPod, iPad, iPhone, and most recently Apple Watch. All these products have created entirely new industries and provided new platforms for communication and entertainment.

Their impacts in the market were so massive that competitors within the industry had to come up with products to counter their own. Apple is the perfect embodiment of a progressive entrepreneur that keeps scanning the market in order to create opportunities. From this real-life example, I have learned the need for entrepreneurs to think out of the box to generate viable business opportunities (Zimmerman 2012 page 727). In the course of my studies, I have had to work in a group comprising of various members.

This has been critical in acquiring skills to coexist in harmony with others. My group drew members from diverse backgrounds and at first, it seemed as though the obvious differences would stand in the way of accomplishing the task at hand. However, this has been the complete opposite. The diversity in the team has gone a long way to making it stronger due to the different perspectives of members.


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