What is entrepreneurship? Who is an entrepreneur? Most of us think that an entrepreneur is just someone who earns well, bosses people around and entrepreneurship is perceived as finding a way to make tons of money and not everyone is capable of taking up this profession.

It is true that with constant hard work and perseverance entrepreneurs reap fruitful results but we cannot call someone, who exploits government policies or market to make money, an entrepreneur. Entrepreneurship is all about creative destruction and innovation. An entrepreneur is someone who sets out on a venture in the face of risk and uncertainty and aims to realize his ideas to achieve profit from them.

The difference between an ordinary man and an entrepreneur is that an entrepreneur is a doer. A lot of people come up with amazing business ideas but not all of them strive to actualize them and those who do win the title of an entrepreneur. Ordinary people hesitate, waver and worry too much about their investment. Let's have a look at a brief entrepreneurial profile and the qualities exhibited by them.

  • There is nothing more important for him than his project.
  • He wouldn't rest until he achieves the targets that he has assigned himself.
  • A true entrepreneur never gives up even if he has to face defeat more than once.
  • Entrepreneurs see possibility where others see only problems.
  • Entrepreneurs possess a deep sense of responsibility towards any venture that they start and like to take control of things.
  • They have a very positive attitude and confidence in their abilities that they will succeed.
  • They like to get feedback from their customers and want to know how they are doing.
  • They have higher level of energy than an average man which makes it possible for them to take up such a difficult challenge.

So, if you think you have above mentioned qualities, tenacity, flexibility and high degree of commitment you surely have the potential and skills to change your fate. It is a skill that can be learnt by anyone irrespective of their age, gender or race.

In the later part of 20th century, personal financing has seen a tremendous growth. Personal financing grew with everyday, making the world economy more and more leveraged.

What is Personal Finance?

Personal financing has indeed been a blessing in many ways for the world economy, personal financing provided people with purchasing power hence boosting the consumption world wide, with this exponential growth in buying power, world wide, businesses prospered, demand grew as a result, the overall economic conditions improved, more businesses, more jobs, G.D.P Growth, improved standards of living and more money circulation leading to more credit in the form of personal financing. This chain leads to the rapid growth of the world economy in the past few decades.

On the contrary, personal financing is responsible for the recession world wide, with the ever growing personal financing, banks and institutions became greedy, these institutions, in order to make the product more readily available to the masses, went to the extent of providing credit to without any due diligence at all. People on the other hand, started spending more than their means, not thinking about how to return the credit, why even waste your time thinking about returning the credit? When you have so many other institutions, practically begging you to take credit from them, cheap and easy. As a result of this people borrowed from one and repaid the other and a vicious cycle began. With these kinds of activities at their peek, the world was set for a disaster; all that was required was a little spark, which came in the form of mortgage market crash in late 2007, what happened next is known to every one.


To conclude my discussion, Personal financing, itself is not a demon. It is the use or abuse of the product that creates problem, had this credit been used in the right direction (productive activities) instead of paying for plastic surgeries, it would have been a totally different ball game, but it's never too late. It's the collective responsibility of the society (users and providers) to avoid abuse of this facility. We should take this recession as an opportunity to reconcile our selves, be more responsible and work for a better future.

An entrepreneur is a person who starts his own personal business on a small or a large extent. He is the person who is responsible for putting material, man and money together to earn profits.  The answer to the question "how to become an entrepreneur" is explained below.

Thinking Chair Exercise: Thinking chair exercise is a mental tour of your business. We start this by thinking about what we want to do as an entrepreneur like start a clothing business, import something useful and sell it, start a departmental store of our own etc. Once we know what is to be worked on we try to figure out the amount of money we need to put into our idea and then analyzing the feasibility of our idea being popular y asking different people about the idea and taking their opinions on it.

1) On-foot research: The on-foot research is something we do when we don't have an idea of our own. In this case we first decide our target market and then start observing the behaviors of our targets like where do they go most, what do they eat, their living, their dreams, their passions, likes and dislikes, shopping places they go to, clothes they wear and so on so that you are able to know your targets clearly and then come up with something they desperately need or would love to buy. This way you are able to come up with a realistic product.

2) On the entrepreneur desk: Now that we have an idea let's plan it further. Firstly, describe your market completely by thinking who they are and what they buy and why. Then clarify your product according to the market needs as to how will your product satisfy that need. Make sure your product is attractive enough to buy. Then think about your competitors and do their SWOT analysis to see your strengths and their weaknesses and gap areas that you can fill and then make your marketing and sales plans along with promotional plans to put your business to real work. If you think it's a lot of work to plan it all then just give your business a little start and plan your first sale and make one customer happy.

3) Search for an investor: This is for all those people who don't have money to start a business. If you are full of ideas they try to find an investor or go to an investing company with your idea. Make a presentation about your idea that is able to explain the investor that your product is the best. Tell them about the assumed profit and their share in it. Starting on a small reasonable scale and progressing further gradually is usually a good way to find a good investor.

4) Entrepreneurship studies: try to learn more and more about entrepreneurship or else try to get a degree in this field as the more you know about this field the better are your chances to grow well in it.

The basic and the more workable plan is the plan for success. Being on the beginner level you will require a lot of hard work and patience for your business to start flourishing but once it starts working you will not get tired on smiling at your hard work and patience.  Best of luck!

Even though mobile home insurance and homeowners insurance are somewhat similar to each other, there are particular differences between both of them that you must be aware of while on the look out for mobile home insurance. Presented here is certain information about the coverage of mobile home insurance as well as how you can acquire a cheap mobile home insurance policy.

Mobile Home Insurance

This is what is covered in mobile home insurance:

1. Your Mobile Home

Mobile home insurance basically covers your mobile home as well as certain other structures that you possess which are not attached to it. Mobile home insurance pays to restore or revamp your mobile home after it receives damage by fire, storms, wreckage, lightning, detonation, plumbing leaks, or any other unpleasant incident that has been mentioned in your policy.

Mobile home insurance policy is of two types, which are replacement cost coverage and actual cash value coverage. Replacement cost coverage pays to substitute your mobile home in case it gets damaged. On the other hand, actual cash value coverage also pays to replace your home after it suffers from some damage, but it only pays for its depreciated value.

Standard policies do not usually offer coverage for your mobile home while you are on the move, but it is possible for you to purchase trip collision coverage if you think you will be transporting it.

2. Personal Property

Mobile home insurance further covers your personal property such as your clothes, personal appliances, furniture, electronics, tools, sports equipment, etc. It pays to reinstate them in case they suffer damage by the aforementioned calamities.

3. Assets

Mobile home insurance also provides coverage for your assets. It pays for a third party's medical expenses in case you or someone from your family hurts them unintentionally, and also covers property damage expenses if you or your family damage their property. It further covers your court costs and legal fees.

Cheap Mobile Home Insurance

If you wish to acquire the best price on online mobile home insurance, than it is extremely important for you to get quotes from a number of different insurance companies. The best method of doing so is to contact an online insurance site where you can get quotes from several companies. All that you have to do is fill out a simple questionnaire and wait for your quotes.

Remember that high rank online insurance comparison sites work only with A-rated companies, so you do not have to worry about not getting paid for a claim. The best online insurance sites offer several articles as well as an online chat service for you to receive answers to all of your questions from insurance experts!

This is what is covered in mobile home insurance!