5. ENTERPRISE
• Enterprise are activities that
provide goods and/or services in
exchange for money or other goods
and services.
• An activity operated for the purpose
of earning a Profit by providing a
service or a product.
• It involves a business person
putting money into the business
activity.
6. Manufacturing
Business
Provid
e
Servic
e
Buy
& Sell
Buy, Sell
& produce
Equipment &
machineries, raw
materials, stocks,
laborer's wages,
marketing cost,
goods-in-process
You need
place,
Supplies,
equipment
, money
for wages
and day to
expenses.
Pay for
product
inventory,
amount for
different
daily
expenses.
Trading
Busines
s
(Retail/Who
lesale)
Service
Busines
s
TYPES OF BUSINESS
7. Key Considerations for Setting-up Commercial Small Ventures
1. Design them to complement what exists – in terms of other
supporting institutions/micro enterprises, human capabilities, and
available technologies. The availability and costs of supporting
institutions and capacity determine the impact of any particular
institution.
2. Innovate to identify institutions that work and those that do not.
Sometimes this requires experimentation. Innovation can create
stronger SMEs because of differences in local conditions, differences
that range from social norms to geography.
3. Connect communities of the market players through open
information flows and open trade. Exchanging information that
changes behavior. Linking communities of people in networks of
information and trade is thus a priority for those building market
supporting enterprises.
4. Promote competition among jurisdictions, firms and individuals.
Greater competition modifies the effectiveness of existing
enterprises, creates demand for new ones, and increases choice for
consumers. Competition among jurisdictions highlights successful
institutions and promotes demand for them.
8. 10 TIPS to start BUSINESS
1. It is not only the way of income but also
happiness.
2. Start what you know very well.
3. Don’t stop operation very quickly.
4. Appoint a consultant or advisor.
5. Collect fund.
6. Ensure only cash traction.
7. Ensure sale.
8. No hurry, be patient.
9. Recruit the skill staffs.
10. Minimize the cost