Essay Example on Two Articles on Entrepreneurship: Challenges and Ideas

The first article the author is focusing on how having ideas that entrepreneur cannot apply in business can make him or her fail while the second article focuses on the various challenges an entrepreneur faces after developing an entrepreneurial opportunity plan. An entrepreneurial plan is defined as a written document describing the nature of the business, the sales and marketing approaches, the background information on the business's financial status, and the projected profits and losses. To develop an entrepreneurial opportunity, both article focus on how an entrepreneur should understand that with a business idea require one to have the courage to face all the challenges that he or she may face when doing the business. Developing an entrepreneurial opportunity is of importance since the method enables an entrepreneur to clarify what services or products of the company provide and the goals and how to achieve the listed purposes. According to Molinsky (2016), an entrepreneurial plan enables an entrepreneur to identify what needs to be completed for one to build the business project and what human and financial resources are essential to implement the plan. Developing an entrepreneurial plan opportunity is regarded as rather challenging for both new and existing entrepreneurs to overcome (Alton, 2016). Prior knowledge on the challenges outlined by Alton enables an entrepreneur to find ways he or she can overcome all the problems and succeed in business using the developed entrepreneurial opportunity plan he or she produced without fear of failure.

Is your time best spent reading someone else’s essay? Get a 100% original essay FROM A CERTIFIED WRITER!

Save 25%

In Alton’s article, he supports his ideas by listing all the possible challenges that an entrepreneur faces in business. Molinsky’s article talks of how people should be creative on their own and not consult the internet or any other source to come up with an entrepreneurial opportunity plan. He uses various examples to explain this point by using commonly known entrepreneurs like Maran Nelson, CEO of Clara Labs. Some of the disadvantages of the two articles are; the article does not outline how to come up with new ideas in case the initial idea failed. The article does not also discuss those who overcame the challenges so that an entrepreneur reading the article can know what to do when faced with the same challenge. The strategy used in Alton`s article is generating ideas through personal experience since he was once an entrepreneur. Molinsky’s articles shows that he used interviews to gather information, the article helps the reader to know how people can fail in business in case the idea he or she has is generated by his creativity and innovative capabilities.

References

Alton, L. (2016). The 8 Biggest Challenges for New Entrepreneurs. (January 7, 2016). Entrepreneur. Retrieved from https://www.entrepreneur.com/article/254721

Molinsky, A. (2016). Being a Successful Entrepreneur Isn't Only about Having the Best Ideas. (August 30, 2016). Harvard business review. Retrieved from https://hbr.org/2016/08/being-a-successful-entrepreneur-isnt-only-about-having-the-best-ideas