One of the most important elements of entrepreneurship is motivation and commitment. It’s important to start the right way. You must know who is lending you the funds for your business so that you can stay motivated. You want to make sure that they are a reliable source for the future. You must convince your lender that your company will succeed and be able to pay your loan back In a timely manner. Inform them that you have researched the market and you feel that your business will be valuable.

Having the ablest and skills to organize and run the business Is important as well. Having the correct resources and a vision is important in running a business. Trying to persuade people that your business is needed and that in five to ten years ahead, your business will still be on top is important. Making sure that you have planning and organizing skills when establishing a business and having a good administration team to help coordinate all your business needs will be needed.

TOMS Shoes Company Is selling their product online and assuring the buyers that a percent will go towards countries that are in need.

Tom Shoes is very smart and organized. They are helping others by selling their products. They are selling quality shoes and giving some of the profits to children that are in need. They are showing great entrepreneurial skills. They are allowing you to view it on their website, make your choice, and pay for the item online.

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Everyone shops online so this is very helpful. They started off being motivation and making sure that they were helping Giving back to the community for a cause is a great Social responsibility. The company is showing that making a profit is not the most important thing.

They are making sure that they are providing for children that are needed in different countries. Donating their time and money to help others is great social responsibility tactics. Giving back in a meaningful way must be a passion of TOMS shoes. Dream Scale is moving from a dream to reality in starting up a business. I would visualize the type of business I would like to start. I would then have a fantasy of what I would like everything to look like short and long term. I know that I would need to start from the bottom. My dreams would be next and are possible to happen.

I would then make set in stone plans of my business and get started. My concepts will then play a role in getting the funds, supplies and locations to start up the business. I would then be able to set goals that I would like to achieve with my business in the future. Also, knowing the money and supplies that I have, will make this possible. Making sure that I have a reliable source and reliable helpers would be important in this step. It would then be time to start my business plan. Making sure that everything is order from funds to workers. Makings sure that the company is needed would be important in this step as well.

I would apply social responsibility and social entrepreneurship to my business in a positive way. I would be starting up a “Obese adolescent Center”. I would be providing services for children and teens that will help with their future. I would make sure that we have volunteers that would help with the children as well as licensed physicians, dieticians, and exercise coordinators. Providing free and quality care to children in need would be a great social responsibility. Making sure that children are able to live a healthy lifestyle from childhood to adult is very important in the United States.

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Elements of Entrepreneurship. (2017, Nov 21). Retrieved from http://paperap.com/paper-on-elements-of-entrepreneurship/

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