shahista kassam's Blog

energyaware PowerTab

Class of November, 8^th 2012 was one of my favorite lectures in COM101 as it gave me the oppotunity to explore the idea of entrepreneurship, which deeply interested me. Before this lecture, I defined entrepreneurship as starting up a small business with a small idea in mind. However, this class redefined the meaning of what it truly meant to be an entrepreneur. An entrepreneur is one who “organizes a business venture” but who is also willing to accept the risks associated with the ideas. The questions that arise are: what strives one to accept risks? What causes one to be determined? How can one be sure of success in his/her idea? The answer is very simple, its ambition! Ambition motivates one to believe in their ideas and to possibly make them reality.

The two key speakers that visited the class were very inspirational as they brought insights to the concept of entrepreneurship. I was extremely driven by Jenice Cheam talks because I admired how she used her business skills to establish an idea that related to awareness of sustainable environment. Her company “energyaware” has a vision to “connect people to resource conservation”. I was trilled by the idea of making people aware of energy usage through an user-friendly monitoring device.

As stated in Michelle Lee’s blog post to establish a new company is costly and even harder is to convince investors to invest in new ideas. This leads to limited liability of success for such entrepreneurs. However, entrepreneurs such as Jenice Cheam seek to innovate by believing in themselves and their ideas in hope that hard work will pay off.

 Works Cited

 “A Definition of Entrepreneurship and the Entrepreneur.” A Definition of Entrepreneurship and the Entrepreneur. QuickMBA.com, 2010. Web. 8 Nov. 2012. <http://www.quickmba.com/entre/definition/>.

“Energy Aware PowerTab – Energy Aware Technology In-home Displays « Energy Aware.” Energy Aware PowerTab – Energy Aware Technology In-home Displays « Energy Aware. Energy Aware Technology Inc., 2012. Web. 8th Nov. 2012. <http://www.energy-aware.com/>.

“The Founder’s Dilemma.” Harvard Business Review. Harvard Business Publishing, Feb. 2008. Web. 8 Nov. 2012. <http://hbr.org/2008/02/the-founders-dilemma/ar/1>.

 Picture Reference:

“Energy Aware PowerTab – Energy Aware Technology In-home Displays « Energy Aware.” Energy Aware PowerTab – Energy Aware Technology In-home Displays « Energy Aware. Energy Aware Technology Inc., 2012. Web. 8th Nov. 2012. <http://www.energy-aware.com/>.