Entrepreneurs who are successful in taking on the risks of a startup are rewarded with profits, fame and continued growth opportunities. Those who fail suffer losses and become less important in the markets. Many fail, lose money, and close the business. The entrepreneur assumes all the risks and rewards of the venture and is usually the sole proprietary, a partner or the owner of the majority of shares in an incorporated venture. As the main decision maker the entrepreneur monitors and controls the business activities.
According to Joseph Schumpeter (1883 - 1950) entrepreneurs regard profit as a standard for measuring achievement or success. He discovered that they:
Entrepreneurship is sometimes categorized among the factors of production, along with land/natural resources, labor and capital. An entrepreneur combines these to manufacture goods or provide services. He or she typically creates a business plan, hires labor, acquires resources and financing, and provides leadership and management for the business.
Entrepreneurs commonly face many obstacles when building their companies.
Given the riskiness of a new venture, the acquisition of capital funding is particularly challenging, and many entrepreneurs deal with it via bootstrapping.
While some entrepreneurs are lone players struggling to get small businesses off the ground on a shoestring, others take on partners armed with greater access to capital and other resources.
Economists have never had a consistent definition of "entrepreneur" or "entrepreneurship" (the word "entrepreneur" comes from the French verb "entreprendre", meaning "to undertake"). Though the concept of an entrepreneur existed and was known for centuries, the classical and neoclassical economists left entrepreneurs out of their formal models:
They assumed that perfect information would be known to fully rational actors, leaving no room for risk-taking or discovery. It wasn't until the middle of the 20th century that economists seriously attempted to incorporate entrepreneurship into their models.
Three thinkers were central to the inclusion of entrepreneurs: Joseph Schumpeter, Frank Knight and Israel Kirzner. Schumpeter suggested that entrepreneurs – not just companies – were responsible for the creation of new things in the search of profit. Knight focused on entrepreneurs as the bearers of uncertainty and believed they were responsible for risk premiums in financial markets. Kirzner thought of entrepreneurship as a process that led to discovery.
QBasic
QBasic is a programming language made by Microsoft which was included with Windows 95 and MS-DOS. QBasic is a more limited version of QuickBasic, released in 1985. While today considered almost obsolete, it is still a popular language for beginners and especially for educational purposes.
An example Hello World program in QBasic:
Scratch (programming language)
Scratch is a drag-and-drop programming language for children designed to create things such as games, animations, platform games, clicker games. It allows them to explore and experiment with the ideas of computer programming by using "blocks" that are put together to make simple code. There is also a discussion page with multiple forums mainly used for chatting and help with coding.
Although made for children 8-16, Scratch can be used to produce simple or complex programs so it is worth learning to use by adults as well.
Scratch is translated into 70+ languages and is used in homes, schools, and after-school clubs in every country in the world. Scratch is often used in teaching coding, computer science, and computational thinking. Teachers also use it as a tool across many other subjects including math, science, history, geography, and art. The Scratch Team (ST) is an organization that helps maintain, manage and help keep Scratch safe. They also do helpful tutorials for coding help and support.
The area where the user can interact with is called the "stage area". The "stage area" features all of the animations, graphics, drawings, and among other visual features. The list of sprites on screen are placed below the stage area to show a list of sprites that are usable for the program. The stage is organized through x and y coordinates, with the center coordinate (0, 0) placed in the center of the stage. The stage is 480 pixels wide and 360 pixels tall, with a range between x=-240 to x=240 in width and a range between y=-180 and y=180 in height.
From left to right, in the upper left area of the screen, there is a "stage area", featuring the results (i.e., animations, turtle graphics, etc., everything either in small or normal size, full-screen also available) and all sprites thumbnails listed in the bottom area. The stage uses x and y coordinates, with 0,0 being the stage center. The stage is 480 pixels wide, and 360 pixels tall, x:240 being the far right, x:-240 being the far left, y:180 being the top, and y:-180 being the bottom.
Ponytail
A ponytail is a common hairstyle. It is a tied back section of hair on the scalp. It is held by a hair tie or clip, and hangs freely from that point. They are worn by people of any gender.
Volkswagen Passat
Volkswagen Passat is a car produced by Volkswagen in 1973. It entered its seventh generation in 2010.
The Volkswagen Passat Mk4 is the fourth generation of the Volkswagen Passat. The Mk4 replaced the Mk3 in 1993, and was replaced by the Mk5 in 1996.
The Volkswagen Passat Mk5 is the fifth generation of the Volkswagen Passat. The Mk5 replaced the Mk4 in 1996, and was replaced by the Mk6 in 2005.
The Volkswagen Passat Mk6 is the sixth generation of the Volkswagen Passat. The Mk6 replaced the Mk5 in 2005, and was replaced by the Mk7 in 2010.
The Volkswagen Passat Mk7 is the seventh generation of the Volkswagen Passat. The Mk7 replaced the Mk6 in 2010. This is the current generation of the Volkswagen Passat.
Volkswagen Golf Variant
Volkswagen Golf Variant is a car produced by Volkswagen since 1993. It entered its fourth generation in 2009.
Northanger Abbey
Northanger Abbey was the first novel by Jane Austen.
A seventeen-year-old girl, Catherine Morland, travels with her rich relatives, Mr. and Mrs. Allen, to Bath in England. Innocent and inexperienced, Catherine Morland is a plump country girl with no friends in the city. At first, she is disappointed, because she does not have anyone to dance with at the ball. Then she meets an exciting gentleman, Mr. Tilney. She falls in love with him, but the next day, he has disappeared. She is upset and sad. Then she meets a flirtatious girl named Isabella. This makes her happier. She does not yet know all the evil intentions of her new friend.
Isabella introduces Catherine to the fun of reading gothic novels. But Catherine believes they are true. She does not understand the difference between reality and fiction. Then she is introduced to Isabella's brother John Thorpe, who finds himself falling in love with her. He thinks Catherine likes him too. Catherine then meets Henry Tilney again, and is introduced to Miss Tilney, his sister. She is a sensible, intelligent lady, who is much different from Isabella. Catherine also meets Miss Tilney's father, General Tilney.
Isabella joyfully tells Catherine of her engagement to Catherine's brother, James Morland. Later, John Thorpe proposes to Catherine, but she does not realise he is asking her to marry him. Later, when Isabella tells her that John is in love with her, she is really surprised and says no immediately. Then Eleanor Tilney invites Catherine to Northanger Abbey. Catherine there learns that the gothic novels are wrong, and that Northanger Abbey is a perfectly normal place, and is not haunted.