Entrepreneur Case

Entrepreneurship is more than simply "starting a business." The definition of entrepreneurship is a process through which individuals identify opportunities, allocate resources, and create value. This creation of value is often through the identification of unmet needs or through the identification of opportunities for change. Entrepreneurs see "problems" as "opportunities," then take action to identify the solutions to those problems and subsequently market it to the customers who will pay to have those problems solved. In other words, an entrepreneur is someone who has the ability to see opportunities that exist in the marketplace, take advantage of the opportunities and create value by offering solutions. According to Small business Association (SBA) there were 9.1 million women owned business in the United States.

There has been research done in the past that tried to answer this question but it has been limited in volume and scope. Among the contentious issue when analyzing this question is how do you define success? Research in the past has been concentrating a lot on measuring success in quantitative and economic or monetary terms. However, it has been found that not all people will agree with such definition. Now, other qualitative and subjective forms of measuring success such as motivation and firms' size have been included into research with the hope of unraveling this issue. From previous research, there has been a very mixed result on this topic with the tendency pointing positively towards firms owned by men. However, it would not be easy to just accept the results of these findings as the researchers themselves cautioned against doing so. The results that were obtained were derived from incomplete data or the tests that were done did not control the right variables. Therefore the results obtained might have produced incorrect or biased outcomes. One argument that has impacted heavily towards this