Entrepreneurship

Entrepreneurship
Definition
 Is the assumption of risk and responsability in designing and implementing a business strategy or starting a business. An entrepreneurassembles resources including innovation, finances and business acumen in an effort to transform innovation into economics goods and is often a difficult undertaking, as a vastmajority of new business fail.
 View of Entrepreneurship
New products
New production methods
New markets
New forms of organization
 The entrepreneur it’s base on:Risk`s
Mistakes
Failure
The passion for an idea
 How it born?
It borns with an insatisfaction feeling of the person, principally with what ishappening in his career and with the dream of leave a mark in life, and the reason to feel important.
The entrepreneurships star with the idea of a new service or a product thatcan generate the performance of a new business that can solve the problems of the clients.
 Relation in the Hotel Industry
They take a risk based in a different idea ofthe hotels.
The factors that influence the success of a hospitality entrepreneurship are the political, legal, economic, and cultural environments in addition to theinfrastructure.
Example: Hotel Boutique: Small paradises with a special charm.
 Pros of Entrepreneurship
They materialize their ideas
If the invention is successful they willhave lots of incomes.
They will be recognize
They will be part of the history

 Cons of Entrepreneurship
Nobody believes in their ideas
They have to use their ownmoney to materialize it.
They most of the entrepreneurs don’t know nothing about the administration of a business.
The idea can fail and therefore they lose all the money.