Nature of Entrepreneurship course Coursework Example | Topics and Well Written Essays - 1750 words

Nature of Entrepreneurship course - Coursework Example Everyone can become an entrepreneur as it is the easiest thing to do. Easy in the sense that, one doesn’t have to go to school or use a lot of many to become an entrepreneur. As Seth Godin says, one has to study for very many years to become a neurosurgeon (Seth, 2012). However, you doesn’t have to do such for you to become an entrepreneur. This qualifies the fact that entrepreneurs are born. It is also interesting to know that not everyone can become an entrepreneur, even though anyone is able to become one. The nature of entrepreneurship has some connections with other terms such as monopoly, market, entrepreneurial learning, opportunity and creativity. In this essay, we will discuss the nature of entrepreneurship course with relation to the above mentioned terms that are connected to it. Monopoly is a very important tool for entrepreneurs. For one to become a successful entrepreneur, as Seth Godin says, they must have the power of monopoly on various aspects. Monopoly sets in on the issue of space, product, customers and even idea. When an individual can command the market of a particular location, it means they have a monopoly of supply in that location. This is one of the things that keeps them in business and make them successful as entrepreneurs. Monopoly can also exist in the idea that an entrepreneur has. For instance, Apple is able to do what it does because it has a monopoly of idea of meeting the demands of its customers. It provides products that solve the customer’s problems, hence, making their products most likable in the market against their competitors (Nabi & Holden, 2008). Therefore, the idea of monopoly in entrepreneurship, refers to having control over the unique ways of doing business that makes you what you are in what you do. Entrepreneu rship is basically built by the creation of monopoly that becomes like a brand name in business. People can have great ideas that lead them to becoming great entrepreneurs. However,