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Job Description of an Entrepreneur

Job Descriptions February 15, 2014

An Entrepreneur is an individual who endeavors to create economic opportunity for them and others by forming a small business or corporate entity. Many top economists consider small business to be the heart of the US economy. Countless numbers of individuals dream of becoming independent entrepreneurs.

In order to make this dream come true, one would look to acquire a particular set of universal business related skills. Obtaining these skills can be a key advantage in making a small business undertaking a success. A bachelor’s degree or higher would be the first step towards achieving the status of entrepreneur, although when forming a business network on one’s own, there is no legal requirement to graduate from a college or university.

That being said the best course of action would be to achieve a level of masters in business administration or similar business related masters depending on the type of field or industry the final business plan will relate to. In general, the entrepreneur and small business owner is responsible for the overall direction and daily operation of the business entity. Fundamentally, a major characteristic of successful entrepreneurs is that of a planner.

Sales are a key part of any business, but especially small businesses that may not have established a brand or presence within their respective industry. A successful business owner must excel as a salesman. It does not matter whether they are involved in the direct product of sales or not, every business related encounter is a self promotion.

There is a great deal of selling one’s self when it comes to pitching a business plan to a bank, investor, partner or team. Then the next level is to sell potential clients or customers on the merits of a product or service. An intimate understanding of one’s own strengths and weaknesses is necessary in order to gain the appropriate support and strength from business partners and staff.

The business plan is the first step for the entrepreneur followed by a marketing plan, production plans, sales force and a budget. It is essential that an attainable chain of action steps is created and that they can conceivably stay within an established budget. These are the key ingredients that a bank or investor will be looking at when considering whether to lend money or invest money into the undertaking.

Daily job duties of the established entrepreneur might be to review daily sales forecasts and specific financial information and compare them against market and business plan goals. Business owners and CEO’s can then direct their administrative and sales staff to achieve these goals. The business owner will be responsible for all hiring and firing of team members and bear the ultimate weight of responsibility for success or failure.

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Showing schools in your area

Matching School Ads
2 Program(s) Found
  • Campus-based and online business programs include Entertainment Business (BS), Internet Marketing (BS), and Business Intelligence (MS)
  • Students will explore business concepts like marketing, global media management, and business technology and design
  • Courses designed to prepare students for a career in business and Career Development advisors available to all alumni
  • Full Sail offers accelerated programs, so a degree that would normally take four years takes 24 months on average
  • Online Courses
5 Program(s) Found
  • Boldly pursue your future in business with an online degree from Post University
  • Degrees at all levels with concentrations in Finance, Marketing, and much more
  • Ranked in the Best Online Bachelors Programs for Veterans by US News & World Report
  • Ranked in the Best Online Bachelor’s Programs by the US News & World Report
Good for Working Adults
  • Accredited
  • Online Courses
  • Flexible Scheduling
  • Accelerated Programs
  • Financial Aid
  • Transferable Credits
3 Program(s) Found
  • Online business degrees designed to give you a targeted, highly relevant education
  • DEAC accredited with GU’s Mark Skousen School of Business accredited by IACBE
  • Fully online business degree & certificate programs for graduates & undergrads
  • There are multiple financial aid options available to qualifying students
  • Member of The National Association of Institutions for Military Education Services
  • Accredited
  • Online Courses
  • Financial Aid
  • Transferable Credits
1 Program(s) Found
  • Top-ranked online MBA
  • As few as 24 months to complete
  • GMAT waivers for experienced professionals
  • Bachelor’s degree required
  • Six concentrations available
  • AACSB accredited
  • Online Courses

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