Entrepreneurship and small business development Essay - 1

Entrepreneurship and small business development - Essay Example In the review, I have chosen different entrepreneurs, where each displays different qualities such as motivation, leadership, invention, innovation, and change. A study of the factors that have motivated Donald Trump in the course of his business start-up Entrepreneurship is a difficult practice to start and become successful; it is highly influenced by many factors such as motivation. Motivation refers to encouragements one gets as he is doing something to be successful. It can be inform of incentives, encouraging words, and showing someone else hat you are proud of their work. Donald Trump ventured into business with his mentor, his father, who by then was a real estate dealer under Trump organization. The following is a literature review of the biography of Donald Trump, which looks at his path to success, clearly looking into what motivated him as an entrepreneur who clearly became successful in his businesses. Donald’s father, Fredric C. Trump, was an enormous influence a nd a significant motivator of Donald. Donald exemplified exquisite wok after joining his father’s company after college. In his endeavors, while working under his father’s wing, he made prodigious deals on behalf of Trump organization making his father proud. Subsequently, as a way of motivating his son, Fredrick encouraged by showing it through proud comments such as â€Å"some of my best deals were made by my son, Donald†¦.everything he touches turns to gold,†(Bio 2011). Moreover, Donald also admitted that his father was an ardent influencer in his business life; occasionally he could confess that his father was a terrific mentor as he had the opportunity to learn a lot about the construction industry, a fact that has always boosted his career in the real estate industry. Soon after, a young Donald Trump moved to Manhattan, where he started-off his business, which has continuously expanded over the years. Factors that have motivated Bill Gates in the cour se of his business start-up The following analysis consists of a review of the path Bill Gates followed on his way to success. The review is of an article detailing the motivations that saw Gates to his success as he incorporated one of the most successful companies in the world. Bill Gates faced many challenges following his drastic measure to quit Harvard University and venture into creating operating software programs for computers. However, he had various things that motivated and kept his dreams afloat such as having a strong vision. Gates, as one of the most renowned entrepreneur, in the world, had an incredible vision as he started his career. In his mind, he dreamt of every desk having a computer as one of the vital tools one needed as they work. On starting his business, in the year 1975 and 1976, Bill gates, in his operations, posted losses, but this did not deter him from pursuing his dream (Famous People 2004). Bill is an entrepreneur consumed by the hunger of making mon ey; hence, from the start this factor always motivated him at work. As an entrepreneur, he is out to acquire returns; hence, he is motivated by this fact such that, he hires the best and ensures that his employees are well rewarded. Downfalls in business are a reason as to why many companies close down, and Bill Gates’ Microsoft Company is among the many that have faced some of the backlashes such as lack of release dates of their products among other problems. However, Bills strong will and motivation