Economic Crisis And Opportunity For Entrepreneurship Research Proposal

Economic Crisis And Opportunity For Entrepreneurship - Research Proposal ExampleAn innovative entrepreneur is expect to experience high- risk of infection lust when starting a venture with the clear understanding of the correlation between risk & uncertainty which can be mensural by applying known probabilities and impacts. Knowing the industry dynamics, the entrepreneurs are expected to take calculated risks into account to knuckle under the uncertainty of production & trade. The payoff is the profit earned by the entrepreneur which is the primary motive. In this context, the venture capitalist plays the role of trusting the innovation & risk appetite of an entrepreneur and providing funds for transitioning the ideas into action thus helping in the formation of good performing start-ups. A nation having the effective framework of capitalists (Banks, Financial Institutions, Private lenders, etc.) ensures better development of entrepreneurship thus boosting the economic growth. .. .Entrepreneurs let parvenu ideas by virtue of innovations which may comprise of (a) Introduction of a clean product in the marketplace (b) Introduction of a new technology in the market (c) Introduction of a new methodology of production in the industry (d) Opening a new business potential & market in the region which has remained untouched largely by other companies (e) Discovery of a new quotation of supply of raw materials, support & services which is not known to other companies (f) Building a new organization system with the innovative business model not tested by other organizations (g) Overall, bring on new profit opportunities An innovative entrepreneur is expected to possess high-risk appetite when starting a venture with the clear understanding of the correlation between risk & uncertainty which can be calculated by applying known probabilities and impacts. Knowing the industry dynamics, the entrepreneurs are expected to take calculated risks into account to bear the uncertainty of production & trade.