Entrepreneurship Essay Example | Topics and Well Written Essays - 1500 words - 4

Entrepreneurship - Essay Example James Caan and Steve Jobs are some of the well known entrepreneurs of the world. This paper is about interviewing a real business owner (whom I thought to be an entrepreneur) and identifying his/her good and bad business practices. The paper will suggest whether the chosen individual is a true entrepreneur or just a business owner who is not in fact very entrepreneurial. In this paper, Mr. Vasyl Fenin, a medium business owner from Ukraine is interviewed to obtain a clear view of various factors relating to entrepreneurship. Analysis Fenin is operating a medium-sized medical business in different cities of Ukraine. A rediff business article (n.d.) says that the major factors motivating an entrepreneur to start a new venture include desire for autonomy, aspiration for creating something new, achievement of financial independence, and accomplishment of personal goals. It is observed that Fenin had not been motivated by any of these factors before he started his business, for he says, â €Å"I just gave it a try†. Once he realized that this business is a good source of income, he planned to expand his operations. Hence, Fenin’s act does not represent the entrepreneurial characteristics identified by some scholars. According to some, entrepreneurs will have high level of determination and commitment and they will be action oriented as well as result oriented (Kumar et al 2008, p.2). In other words, an entrepreneur should have clear objectives. From the responses documented, it is obvious that Fenin