Topic > The Role of Start-up Events for Entrepreneurs

Entrepreneurship is a large-scale concept across the world. It is a skill or ability that guides the company on a successful path. Very prosperous companies and entrepreneurs provide a platform for people to start from scratch by hosting events. These events are organized by profiled entrepreneurs, who have knowledge of building successful businesses. Say no to plagiarism. Get a tailor-made essay on "Why Violent Video Games Shouldn't Be Banned"? Get an original essay A popular event in Europe called Start-up live offers better opportunities to students who come up with innovative ideas during their studies and dream of being a successful entrepreneur. This event continues for two days on an annual basis. By joining this global community, future entrepreneurs are able to gain first-hand knowledge about networking in European start-up culture. Experienced volunteers explain how to use theories to solve real problems. Their mission is “We strive to be the first stepping stone for every aspiring entrepreneur by helping them succeed” (About: startup live, 2018). Singapore is famous for organizing start-up events for multinational companies. One of the events hosted for businesses is Singapore's mega startup weekend called SWSG. This is a 54-hour hands-on activity where entrepreneurs can brainstorm with others, design products, and brainstorm their ideas with expert mentors. Early on, most likely Friday, people start their day by forming a strategic team. The next day, Saturday, they get to work on a business plan. At the end of the workshop on Sunday, the innovators present their ideas to the public and experts (Startup Weekend Singapore Mega 2018, 2017). Another platform that is very popular among entrepreneurs and known all over the world is F50 in Silicon Valley. F50 organizes various events throughout the year. It is a venture capital event where participants are given two minutes to pitch their ideas to global investors and key players from Silicon Valley and China. This program helps organizations and businesses through venture capital financing and global market development (What We Do, 2018). One of the reasons why freshmen with innovative ideas from all over the world move to Silicon Valley is the desire to see their dream come true. Silicon Valley is called the center of innovation with the most important events. About 12 out of 50 innovators come from Asia (Silicon Valley: East meets Tech | 101 East, 2014). But questions arise about what insights a person would gain from attending start-up events and whether it is worth spending time on. four characteristics define a successful entrepreneur: passion for the business, product/customer focus, tenacity despite failures and intelligence in execution. By launching a new business, businesses are interested in making changes in the world. So, first you need to have passion for a business idea (Ireland & Barringer, 2016, S. 31). The next criterion is to be aware of the products and customers, these two factors belong to the most significant elements of a company. There is no need to think about marketing, management and finance if the company does not have products that meet customer needs. Furthermore, being an entrepreneur means being persistent despite failure (Ireland & Barringer, 2016, S. 34). It means seeing an opportunity in every failure. The final factor in success is intelligence in execution. “Opening a business is very simple; keeping it open is very difficult." (Ireland and Barringer,.