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Obviously, that is merely a reasonable calculation; however, after studying other businesses in our industry and looking at the margin for immediate growth amongst young people in a large metropolitan area, we believe it is feasible to think we could expand so quickly. There is a great opportunity for growth in this market. Is it someone who takes advantage of a situation and takes risks for his or her own financial benefit?
In essence, if we were to sell liquor and beer with a 400% profit (every $7.00 shot costs roughly $1.75), we can assume that we could sell at least five hundred shots or beers per night, generating $3,500 in gross sales.
TThis is a much bigger margin than other industries, especially clothing and retail.
Although the tech industry is very appealing to both myself and other contemporary entrepreneurs, it is important to begin my business career doing something that will generate steady return before moving on to other projects.
Firstly, the market is ripe for expansion in the food and beverage industry and appeals to me as a stepping stone toward other business endeavors, thus making it easier to grow the business quickly and expand my personal wealth.
The opinions of significant researchers and economists have been categorised into these areas.
First, let us explore those with perspective that the entrepreneur is a risk taker.Entrepreneurship is a bold venture for any investor to get involved in, and creating a successful business requires a massive amount of effort in terms of undertaking.In this sample essay, our expert writers respond to a prompt that asks the student to craft a unique business idea and discuss related market factors.Totaling these numbers up, we may generate more than one million in sales; however, because it is our first year of business, we are expecting turbulence and potential problems arising. By the end of our second year of business we expect to be profitable. Or is it merely an individual able to allocate resources efficiently?Well the answer to this question is that the entrepreneur can be all and none of these at the same time, because the fact is that the definition of what and who an entrepreneur is has been debated for many years.Because there needs to be final decisions made in companies, it is prudent that while every founder receives the same money for their input and investment, they are not all equal behind the scenes.Such a company would struggle to move forward with a long-term agenda.Researchers and economists, still today, disagree on exactly what he or she is.What can be said though is that when reviewing the early views on entrepreneurship, it can be seen that there have been several perspectives on the subject.