People may think that a small business owner is considered as an entrepreneur. However, in my opinion, an entrepreneur thinks beyond the tiny box of the small business owner, in other words,entrepreneur think outside of the box.

Entrepreneurs not only have great idea, they think big as they not just want to open a small business, but they are willing to take risk to expand their business in order to become the leader in the industry in the future. It is true that the reason that both entrepreneur and small business owner open a business is because they have a great idea. However,  entrepreneur would not be satisfied of what they have. Instead, they keep looking forward and working towards their big goals. That makes them different from others and also drives them to success.

In starting a company, I will be willing to share control with others if that will help the company grow. I believe that sharing control not only can help the company’s financial growth, but also provide more positive advice to the company growth since different people may see different improvement that can be done. However, one thing I would like to have in my business is that even though I will be sharing control with others, I am still on top of the organization and have the authority to make the final decision. It is because if there is no leader in the firm, the numerous opinions from different leaders will just damage the company since it will be hard to reach compromise.

One of the biggest issues that entrepreneurial companies face is risk. It is a well-known theory that the higher the potential return is, the risker this project/decision is. In entrepreneurial businesses, since they see growing the business as their main goal, there are a lot of times they have to take risk when expand the businesses. As a result, in order to grow the business and be competitive in the industry, entrepreneur must learn how to manage the risk of the operation; otherwise, the risk may be high enough to destroy the whole firm.