Entrepreneur Reflection Paper

Entrepreneur nonice Paper scratch 1.0 IntroductionThis portfolio releases findings of an analysis carried out on my psychealised abilities, sciences, capability and go out to set up a occupation and in any case an analysis of the miscellaneous tests that I undertook and the lessons learnt from the review. Furthermore an identification of strengths and weaknesses determine in (1.1) and (1.2) willing be release along with how I address these and what actions I took and what information I needed together. Fin everyy a reflection on the skills, experience and information, gained from carrying out this assignment will be explained.Section 1.1 depth psychology of soulal abilities, skills, capability and experience to set up a occupationEntrepreneurship is the drive of the economies in the knowledge primary today. nearly innovations are made and use by entrepreneurs. The fiber of entrepreneurs today is not just for self finis but for contributing to the economies and help ing to discharge many of the jobs in society. I consider myself an entrepreneur. I enquire a leak entrepreneurial estimates and am moved by thriving entrepreneurs. The role of Bill Gates to information revolution is virtuoso of the contributions of entrepreneurial that inspire me. I try to figure out how the world would be without the contribution made by him and am perplexed (Birley S and Muzyka D, 1997). In the past, I beget had entrepreneurial thoughts. I have thought of innovations that would make changes to the world. I thought of innovations that would make aliveness easier for mass while adding opportunities for jobs and livelihood of people.There are various reasons that make me to consider myself as an entrepreneur. The best indicator is that intimately of my role precedents are entrepreneurs. On roundabout of the role model is Bill Gates. I consider him as a role model for his innovativeness and courage. Although a student, Bill Gates was innovative complete to see how software development could put to work peoples problems (Bridge S, ONeill K, Martin F, 2009). He did not give the sack at the academia level but operated his discovery and employ the knowledge. Bill Gates courage is manifested by how he is fitting to pursue the discovery even though they are limited by resources and skills. Richard Branson of saturated Empire is anformer(a) role model. Richardsons self beliefs inspire me. He is adequate-bodied to see problems and does not run away from the problem but bravely confronts the problem and comes up with solutions.As an entrepreneur, I am innovative. I am fit to come up with solutions by using innovative ways. From my humiliate grades in school, former(a) students relied on me to give solutions when they were met with challenges. I have been able to use my innovativeness and interest in information technology in various ways. I have prepared and imposeed software uses that can solve various problems. At my home, I prepared a software finish that helps me remember to prepare for everyday. Together with my colleagues, we were able to present software applications that helps manages students welfare at our former High school.My self believe adds to my qualities of entrepreneurships. I believed in my capacity to bring changes to the society and take it as a trading to bring the positive changes. Although some separate people are not comfortable with my assertiveness, I take it as a gift that should be exploited for the good of the people. My inner drive helps me to vote down negative reactions and pessimistic opinions of other people.The moving in concern idea that I have in wit is online tradeing and gross revenue. This idea came in my learning ability as a pass on of development in information technology that has changed the culture and ways of life of people (Burns P, 2008). The conventional ways of doing business would not be successful in this information era. The information era calls for restructuring of the business to conform to spick-and-span technologies. The other motivation to online marketing and gross gross revenue is philosophy of lean (Entrepreneur, 2009). Most of the products that are interchange to the end are sold at a very high price as compared to the production cost of the product. The additive costs to the products result from the many middlemen. Online gross gross revenue and marketing alters the products to be sold directly to the end ensuring that the end used gets the value of the money used.Online gross revenue and marketing requires and entails the use of information technology in gross sales and marketing. As an entrepreneur, I wish to apply the skills to assist business and corporate market their products though the internet. In addition to market, I wish to assist businesses fulfil direct online sales to their customers. My broad experience in information technology, application programming and marketing will be useful. My ability to foresee flesh out of complex things will enable me to overcome the challenges of setting up the sales and marketing.Sales and marketing is an old role in business. Although other roles are equally significant, I find sales and marketing to be the about grave. Sales and marketing is the activity that presents the product to the used and ensures that the products are bought. Without sales and marketing, the role of production and other roles may be in all primary(prenominal)(p). Inspired by this, I feel that the use of information technology in this role would be very fruitful. Online sales and marketing in not new. many companies run their own website through which potential customers can peruse the products sooner they can arrange to make purchases. A good example of model online direct sales is EBags. This company sells contrastive kind of bags to their customers through the internet. However, the online sales and marketing are made by idiosyncratic companies. My vision is to lay down a virtual online supermarket though which people can access products from different companies and buy the products directly through the internet.The education system has opened my mind in various areas. The skills that I have acquired would be very steadying to the business. The analytical, communication, and problem resolving skills in academia are essential to the business. These skills linked with my innovativeness and self drive will enable me to achieve the vision of online sales and marketing. To evaluate the business and my entrepreneurial skills, I undertook various tests.Section 1.2 psychoanalysis of the various tests underinterpreted and the lessons learnt from the reviewTo evaluate my entrepreneurial capability, I took several sovereign entrepreneurial tests. The test helped me to unfold my record and other things related to entrepreneurship.On genius, I took different independent entrepreneurial tests. ad hominemity is very important to the success of entrepreneur. Most of the entrepreneurs are observed to have related personality that contributes to their success. Most successful entrepreneurs are observed to have personal inner drive that sustain their innovations and quest for success. Most of them strongly believe in themselves and have confidence in their personal capacity to bring change. Their innovativeness and problem solving is very vital to their success. Being in business instrument that a person will be prone to competition. Most entrepreneurs have personalities that ensure them to be competitive without fear of failure. In addition, almost all entrepreneurs are highly motivated and have high energy. Their energy enables them to overcome the difficult task of entrepreneurships and motivate other individuals to the goal of the business. Despite of these, most entrepreneurs are open for advice and critical review. Instead of taking criticism negatively, entrepreneurs learn from the criticism and implem ent the undeniable changes to their businesses.Personality tests were Type T personality test, DaVinci shell personality test and Bill Wagners Personality test. The tests presented questions that aimed at analyzing the personality. Completion of the entrepreneurial personality test gave a report that included a musical score on different personality categories (Personality 100, 2009). The result from the test suggested whether a person was fit for being an entrepreneur. From all the entrepreneurial personality tests I scored a score sufficient for entrepreneur.The other personality test made was the HBDI personality test. This test measures the tendency of a person to have left-brain or right-brain thinking. This tendency tells whether a person is more likely to have conceptual and experimental tendency in thinking (Jolly A, 2004). This tendency is different in different professions and helps an individual to discover the right profession. For an entrepreneur, the test analyses the major issues that are necessary to the entrepreneur. The test has different quadrants. The first quadrant takes into consideration of the capacity to solve problems. An entrepreneur has to be able to think arrangedly and analyse facts out front making a decision. The second quadrant evaluates the ability of the person to implement the decision made. The third quadrant evaluates the ability of the entrepreneurs to communicate. Communication is very essential for businesses. The ability of the entrepreneur to communicate ensures the entrepreneur to coordinate other send holders in the business (Wickham P, 2006). The fourth quadrant of the test evaluates the capability of the entrepreneurs to take risks. Risk taking is very important to entrepreneurs and determines how they would handle challenges and respond to setbacks.The other test made was the marketing test. Marketing is very essential to a business. This test analyses how an entrepreneur is aware of the potential market and marketing strategies. Also, I took a market research test. This tests how an individual understands market research. The questions presented help the individual to evaluate market research needed for the business. The other test taken was a lead test. The leadership test helps to evaluate the leadership qualities of the person taking the test. Entrepreneurs are leaders in their respective businesses. To be a successful entrepreneur, a person has to be a good leader.Section 1.3 Strengths and WeaknessesEvaluation of personal abilities and the use of the entrepreneurial tests enabled me to discover my strengths and weakness as an entrepreneur. The evaluation was made in affinity to the online sales and marketing business that I have in mind.Online sales marketing is information base business. It takes the form of business outsourcing. The business entails taking other businesses trouble of sales and marketing and doing it for them. My creativity and innovativeness is my strength (Williams S, 2002). The innovativeness will enable me to be able to come up with solutions to individual businesss sales and marketing challenges. My strong base in information technology is vital to the business (Chapman N and Chapman J, 2006). This experience will enable me to be at ease in sexual climax up with online solution sales and marketing. The education base is also strength. Online sales and marketing businesses will entail ability to deal with complexities. The analytical skill obtained from the education system will enable me to come up with logical solutions to the problems.From the personality test, I was able to identify my strengths and weaknesses. From the test, I am forthcoming and assertive. This tincture is essential for entrepreneurs. The quality will enable me to deal with other people. The assertiveness is strength with what I would be able to sell the business idea to potential clients. This will enable the business to gain customers and have fast growth . The assertiveness will also help me to negotiate for the business with potential business partners.Problem solving is a key divisor to entrepreneur success (Rae, 2007). From the HBDI test, it was shown that I have good problem solving capabilities. Online sales and marketing, as an outsourcing business will entail solving other peoples problems. The capability will enable me to be able to handle clients problems with ease.The weaknesses identified from the test include communication challenges and leadership. The assertiveness was identified to impede interpersonal communication by intimidating the other party. On leadership, my leadership quality was identified and self- centred.To overcome the challengers posed by my personality in leadership and communication, I will invest in the area to ensure improvement. Personal reflection will enable me to be sensitive of other people in communication and react appropriately to their personal psychological needs. This will enable me to o vercome the intoxicative charisma. On leadership, I would register for leadership career. The course will help me in managing and leading people.Section 1.4 Reflection on the skills, experience and information, gained from carrying out the assignmentThe reflection of the business was very important to me as an entrepreneur. The assessment enables me to go through the details of the business. From this, I was able to unfold the hidden challenges that would be posed by the business. This assessment enabled me to go step by step through the different steps that would be followed when establishing the business. It gave me the opportunity to relate the theoretical base of the business with the unimaginative capital punishment of the problem. Through the business idea can be reviewed to fit the practical environment.The entrepreneurial tests were very important to discovery of self in relation to entrepreneurship. From the test, I was able to identify my strengths and weakness and an e ntrepreneur. From the strengths and weakness identified, I would be able to make the right measure to overcome the challenges.Entrepreneurship is very important to the economies of the world (Rae, 2007). The freedoms and innovativeness of the entrepreneurs leads to solutions of major world challenges. From the assessment, entrepreneurship is the right way for me. It will enable me to implement the online sales and marketing business idea.