(1) What is success and how do they measure success.

             Definition of success is the very initial step to achieving it and success is what everyone gets throughout the whole day. It is about satisfying one"s potential and achieving one"s dream. (How do you Define Success).

             A strong inclination continues to be present, especially among the professionals managing enterprise development to measure entrepreneurship through some techniques. These measurement efforts can vary from plain checklists going up to intricate and exhaustive computer programs. (Defining Entrepreneurship) Achievements in business can be equivocal. You might flag off with the most excellent of intent in mind, recognize objectives, fix targets, build plans and implement them. At times you pull off the preferred result, however on other occasions deficiencies do happen without in fact knowing the cause. The feedback gives the measurement, which is vital for reviewing the advancement and making the enhancements, as also running strategy and providing the proposed outcomes. (Measuring Their Results).

             In order to measure business achievement, the most usual procedure employed is monetary valuation. The achievement of the entrepreneur is measured on the basis of his personal and business valuation. The extremity of this would be the assessment of an entrepreneur"s publicly traded company. Nevertheless, only financial valuation is by no way a suitable measure of entrepreneurial achievement. A lot of smart individuals, business owners and people who are not associated with business also, measure their achievement on the basis of the amount of money they put aside from the yearly incomes. In this manner, somebody whose yearly income is $1, 00,000, but putting aside $20,000 may think they are smarter compared to someone whose income is double the amount but able to put aside only $25,000. The financial achievement of an entrepreneur is ideally measured by concentrating on the company"s profits for the year.