Successful Entrepreneurship in the Real Estate Industry Essay

Running head SUCCESSFUL ENTRPRENEURSHIP Successful Entrepreneurship in the Real Estate IndustryStephen R. BoydEastern Nazarene CollegeApril 6, 1999 Table Of ContentsProblem StatementPage 3Abstract.Page 4Questionairre.Page 13AppendicesPage 14References.Page 15Bibliography.Page 16Statement of the problemWhat are the driving factors behind entrepreneurship in commercial real estate, and what are the reasons for the success of the industry leaders? How could success (past, present, and future) be measured? How would an individual approaching an entrepreneurial endeavor in this field gauge their success? The hypothesis of this study is that it is possible for an entrepreneur to achieve a return on investment of 15. Variables that may affect this include management of the expense to profit ratios, tax benefits, and new construction versus rehabilitation projects.AbstractThe primary purpose of this project is to study the driving factors behind successful entrepreneurship, and more specifically, in commercial real estate. Some of the questions that will be researched are What are the characteristics, philospy and practices of successful entrepreneurs ? What are the reasons for the success of leaders in the real estate industry? How could success (past, present, and future) be measured, and how would an individual approaching an entrepreneurial endeavor in this field gauge their success? What are the potential sources for venture capital, and other start-up assistance? Entrepreneurs are people who have the ability to see and evaluate business opportunities to gather the necessary resources to take advantage of them and to initiate appropriate action to insure success. It is unlikely that you will ever meet an entrepreneur who rates high on all the traits and characteristics that are necessary for success. It is very likely that the entrepreneurs you do meet will rate high on most of them, especially decision making, self-confidence, risk-taking ability, flexibility, a strong need to achieve, and a strong desire to be independent (Stolze, 1992, p.10). Entrepreneurs must be willing to learn from experience and change with the times. They must constantly be aware of new ways to increase...

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