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Showing posts from November, 2022

Masrenny Masri | The Essence of Entrepreneurship

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  In the last few decades, the world is increasingly recognizing the need for Entrepreneurship. Now, it is too late to debate the importance of it. Unquestionably entrepreneurship is one of the crucial questions of the time from individual to the global level. From many definitions given to the term, I picked the following from Hisrich for this article. Entrepreneurship is a process is creating something with value by devoting the necessary time and effort assuming the accompanying financial, physiological and social risks, and receiving the resulting rewards of monetary and personal satisfaction In general, it is a process of producing and selling creative answers in a form of a product or service for the question deep in peoples’ hearts even if they do not know they have that question. Let us look at some of the terms included in almost all the definitions: Opportunity Seeking: Looking to achieve desired future, which is dependent on the person, the environment, access to resourc...

Masrenny Masri | Getting Involved in Online Entrepreneurship

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  With the growth of the internet all over the world, there has been a corresponding increase in online entrepreneurship. This has come from various sources, such as e-commerce, online companies providing services, and new people looking to create new businesses for themselves and others. It is inevitable that most businesses will be created online from the 21st century onwards. Online opportunities are more appealing purely because of the low or absolutely no costs entrepreneurs have to face in terms of traditional brick and mortar businesses which require inventory and stock keeping, and handling the difficult logistics of handling shipping and transportation of such inventory. Online entrepreneurship is a new platform for people to bring their businesses online and help fuel their growth. Opportunity for home-based online entrepreneurship One of the many stumbling blocks people, that want to become entrepreneurs, face over time is that they feel they don't have enough prior ...