The goal of entrepreneurship: maximization of profit

A firm is considered to consist of a group of homogeneous individuals and it is entrepreneur less. The firm is assumed to be an entity that behaves rationally in the interest of the firm, and the interest of the firm is no other than satisfying the goal of the firm; profit and maximization of profit. Conceptually, since the firm consists of homogeneous individuals, then every individual in the firm should have the same goal of the firm, that is, the maximization of profit for the firm.Profit can initially be defined as revenue minus cost. If profit is to be maximized, it is logical to assume that the firm must do what it can to maximize revenue on one hand, and minimize cost on the other. Hence model builders started to build models to satisfy this assumption, despite one missing ingredient; people, the entrepreneur in the first place and in addition to the entrepreneur, the host of others who might be working in the firm.

Entrepreneurship is a way of life

Entrepreneurship is not just about making money, it can be applied to all human endeavors. It is a way of life; how to think positively even in the most negative environment, how to spot opportunities even in apparently unsolvable situations, and how to appreciate the real meaning of profit and it’s impact on society and the environment.

Entrepreneurship ideas about what to focus first when you are going to develop your business

The most important thing in entrepreneurship is having good relationship with as many as possible people. Because by having good relationship you are opening a great opportunity to build a business with them. All friends that you know, all people that you met in your life has an unknown potential to be the buyer of your own products. If you have great products but you don’t know how to sell it or where to sell it than the great products are only great for you. The products don’t do any business to you. They don’t give you any business advantage than just being a good product. If you can do something about delivering the product and gain some money then the good product can now producing good business to you. So the first thing you have to do is searching for customers or prospective customers for your products. Many people thing that they business is failed because the are lacking of money or having such poor location for business. Other may have thought that their failure is because of the building they are occupying, the location, the computer program, the staff, the knowledge, the products, government policies, sales skills, managerial abilities and so on. But one thing we must focus is how to build relationship in order to create customers.

How did an entrepreneur get to our world? Were they being borne or being made?

According to Zig Ziglar, nobody in this world gave birth to a salesman. We people only giving birth to a baby, boy or girl. Thus, being a salesman is not because someone was born to it, but because someone chose to become one of them. It means that You need to learn, practice on becoming a sales person. The same case is with being an entrepreneur.

Someone is being an entrepreneur is not because he or she was born to be one. Being an entrepreneur is a choice that you have to make. In order to be a good entrepreneur, you have to practice, even a lot of practice to make you becoming an expert.

No one was born to be a winner or a loser. Your success and failure depend much on your choices and how you prepare things.

Developing a business opportunity and turn it into profitable business need a good plan, observation, practice and preparation. It depends on your actual action, not only on your talent and hunch.

If you want to be an entrepreneur, my advice is: learn about the nature of business you are about to get involved to, make a good plan and preparation on what is necessary to put that plan into actual benefit. Observe how your plan is going, evaluate and make improvement. The only thing that makes different between the winner and loser is the first one always take action and put their business idea into realization. They fail sometimes, but they learn and make improvement from time to time. That is the real entrepreneur spirit.