Thomas Edison Case

“Opportunity is missed by most people because it is dressed in overalls and looks like work” Thomas Edison

So, how much work an individual has to put into an idea, in order for that little idea to reveal itself? People may have ideas and think that they can be all entrepreneurs, but they do not take into consideration all the challenges and difficulties that entrepreneurs face before reaching that level. One way or another, in order to make an opportunity profitable, to turn an idea into profit requires a lot of determination and to some extent, a lot of courage.

There were studies carried on for a long period of time on entrepreneurship which had an emphasis on the firm (Scott and Rosa, 1996); a wide range of successful firms were involved, as both scholars and practitioners tried to comprehend what exactly makes firms profitable.

The “education” of an entrepreneurial firm is immensely affected by the characteristics and values of the principal “entrepreneur”, and forced by their irrefutable predisposition in relation to factors such as: risk and innovation, consequently it allows the entrepreneur to be more flexible and make use of the opportunities that arise.

The culture of entrepreneurial firms is largely influenced by the attributes and values of the central entrepreneur and driven by their positive attitude towards risk and innovation that allows for more flexibility as they explore and exploit opportunities. (Stokes, 2000). Hence, the researchers will analyse the relation between safe entrepreneurs / risky entrepreneurs. Also, there will be an assessment carried out and show the risks that entrepreneurs are exposed to. Entrepreneurial activity is risky and poorly diversified (Galina Vereshchagina and Hugo A. Hopenhayn, 2009). Risk plays a big role in an entrepreneur’s project and it’s a phase that one has to overcome. An alternate goal of the research is to find out if it’s more optimal