Comment on ‘Finding the Funds’

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Entrepreneurship is one of my favorite topics in Commerce 101 so I choose to comment on the blog post ‘Finding the funds‘ which is written by Rena Grewal.
Entrepreneur is someone who takes the financial risk of starting and managing a new venture. I believe that there are several characteristics that a successful entrepreneur should have. The most obvious one is innovation. This is not mean they must be an inventor, but they should have ability to carve a new niche in the market. In my own idea, the second characteristics is that the entrepreneur should be multi-skilled, because when they first start their own company they need to do all things by themselves, for example, promotion, selling and accounting. The last one was mentioned during the class, it is about risk taking.
In most of time, even when people have the characteristics that I list above they still cannot be a successful entrepreneur, because they also face a lot of challenges. The largest problem is associated with capital. Because entrepreneurs generally just have very limited personal savings and because sometimes their business plans are poor which could lead no one wants to invest money. In ‘Finding the funds’ Kickstarter provide a chance for entrepreneurs to raise fund. Actually, I think Kickstarter is also an example of a successful entrepreneur.

I plan to start my own business in the future and I believe the  will be really helpful.

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