Masrenny Masri

  Entrepreneurship which is the practice of finding and starting a business opportunity, locating and consolidating the required money and materials and taking both the risks and rewards associated with the venture is where all who wish to make and enjoy great wealth should tune their mind and heart to. Everything in life has two sides like the proverbial two sides of a coin. Entrepreneurship is fraught with dangers, perils, hazards and threats or risks just as it has booties, returns, compensations or incentives also known as rewards. Here are risks and rewards of entrepreneurship which I would like discuss briefly in this article for the benefit and information of those wishing to embark on the great journey of entrepreneurship: Risks of Entrepreneurship Getting Paid  — The income of the business enterprise would determine whether the entrepreneur gets paid or not. The entrepreneur does not have the luxury of an assured paycheck like his counterparts in paid employment. If the bu...

 Entrepreneurship education spawns a lot of success stories and these encourage a lot of people to go start their own businesses. And with the help of the internet, entrepreneurship education opens its doors to a whole new people as well as opportunities for future entrepreneurship. This, however, has led to tougher competition too. The wider playing field also becomes a host of different businesses where people can learn, compete, and innovate. And the best way to counter competition would be through innovation. Think about it as finding ways to put up your own playing field or even inventing a new game. If you innovate, you will basically be creating a whole new market and conquer that. Your education in entrepreneurship will help you become more prepared; innovation ensure success -if you take the right risks. You have to realize that business is all about taking calculated risks, which can be learn through entrepreneurship education. Innovation can be a pretty big gamble, espec...

  Entrepreneurship and leadership development go together. Entrepreneurship is a growing phenomenon all over the world. Even the non-profit sector has learned that the principles of entrepreneurship could be applied to solve the problems of the world and of the society in which we live in. This gave rise to the interesting hybrid called social entrepreneurship. Another variant of this is called social business, which was popularized by Nobel Peace Prize Awardee Muhammad Yunus. Entrepreneurship development is especially important in developing countries. Because of the lack of jobs in these countries, people need alternative ways to make money. Instead of doing something illegal, it would be better to pursue entrepreneurship. This has been shown as a great means of lifting people out of poverty. By gaining access to capital-mind you, it does not have to be big, just enough to get things going-they can start some enterprise, which will then become their main source of income. As they...