Today we discussed innovation and entrepreneurship in class. I learned that being an entrepreneur is so difficult and what characteristics are the entrepreneur needed.

Michael Wormald is a twenty-seven-year-old entrepreneur. He is the founder and owner of Evoda Group Digital Agency. He started his business because he saw a need in the marketplace. He has the foresight, which is a great ability for an entrepreneur. He shared the office space with an established creative agency. He learned a lot from this firm and applied in his business. Financing is a big problem. A new and small firm usually can’t get enough money from investors and therefore, he keeps losing money. Finally, he fired the sales manager and did the sales job by himself. He is a responsible person. He took the responsibility for everything he could do, although the firm was almost closed. Until one day, he got his first significant contract, his firm was saved.

After two years starting the business, Michael Wormald decides to move the office to Toronto because Toronto is the epicentre of business in Canada, which is risky but may be profitable.

All in all, Michael Wormald is a riske taker, a visionary, responsible entrepreneur.

http://www.biv.com/article/20131105/BIV0201/311059992/0/SEARCH/How-I-did-it:-Michael-Wormald

http://www.evodagroup.com/wp-content/uploads/2013/07/michael-wormald.jpg