The document provides an introduction to entrepreneurship, defining key terms like entrepreneurship, entrepreneur, and the entrepreneurial process. It discusses how entrepreneurship involves creating something new of value by committing time/effort while accepting risks and rewards. The entrepreneurial process has four stages - identifying opportunities, developing a business plan, acquiring resources, and managing the enterprise. The role of entrepreneurship in economic growth is also outlined, such as increasing output, innovation, job creation, and strengthening the private sector. Both the benefits and drawbacks of entrepreneurship are explained.
‘Let me tell you about the importance of Entrepreneurialism, and how vital it is to your success’ says Stephen Taylor, casually sipping on what just might be the world’s largest cup of coffee
The benefits of entrepreneurship extend beyond the businesses they establish. Entrepreneurs improve the lives of individuals and communities, as well as the overall economy. Entrepreneurs have been instrumental in spurring social change and improving the way people live and work. They help raise the standard of living for everyone by creating jobs and making products safer, less expensive, and more functional.
Concept of Entrepreneurship
Entrepreneurship is the ability and readiness to develop, organize and run a business
enterprise, along with any of its uncertainties in order to make a profit. The most prominent
example of entrepreneurship is the starting of new businesses.
What Is Entrepreneurship
In economics, entrepreneurship connected with land, labour, natural resources and capital
can generate a profit. The entrepreneurial vision is defined by discovery and risk-taking and
is an indispensable part of a nation’s capacity to succeed in an ever-changing and more
competitive global marketplace.
Meaning of Entrepreneur
The entrepreneur is defined as someone who has the ability and desire to establish,
administer and succeed in a startup venture along with risk entitled to it, to make profits. The
best example of entrepreneurship is the starting of a new business venture. The
entrepreneurs are often known as a source of new ideas or innovators, and bring new ideas
in the market by replacing old with a new invention.
It can be classified into small or home business to multinational companies. In economics, the
profits that an entrepreneur makes is with a combination of land, natural resources, labour
and capital.
In a nutshell, anyone who has the will and determination to start a new company and deals
with all the risks that go with it can become an Entrepreneur.
What are the 4 Types of Entrepreneurship?
It is classified into the following types:
Small Business EntrepreneurshipThese businesses are a hairdresser, grocery store, travel agent, consultant, carpenter,
plumber, electrician, etc. These people run or own their own business and hire family
members or local employee. For them, the profit would be able to feed their family and not
making 100 million business or taking over an industry. They fund their business by taking
small business loans or loans from friends and family.
Scalable Startup EntrepreneurshipThis start-up entrepreneur starts a business knowing that their vision can change the world.
They attract investors who think and encourage people who think out of the box. The research
focuses on a scalable business and experimental models, so, they hire the best and the
brightest employees. They require more venture capital to fuel and back their project or
business.
Large Company EntrepreneurshipThese huge companies have defined life-cycle. Most of these companies grow and sustain by
offering new and innovative products that revolve around their main products. The change in
technology, customer preferences, new competition, etc., build pressure for large companies
to create an innovative product and sell it to the new set of customers in the new market. To
cope with the rapid technological changes, the existing organisations either buy innovation
enterprises or attempt to construct the product internally.
Soci
‘Let me tell you about the importance of Entrepreneurialism, and how vital it is to your success’ says Stephen Taylor, casually sipping on what just might be the world’s largest cup of coffee
The benefits of entrepreneurship extend beyond the businesses they establish. Entrepreneurs improve the lives of individuals and communities, as well as the overall economy. Entrepreneurs have been instrumental in spurring social change and improving the way people live and work. They help raise the standard of living for everyone by creating jobs and making products safer, less expensive, and more functional.
Concept of Entrepreneurship
Entrepreneurship is the ability and readiness to develop, organize and run a business
enterprise, along with any of its uncertainties in order to make a profit. The most prominent
example of entrepreneurship is the starting of new businesses.
What Is Entrepreneurship
In economics, entrepreneurship connected with land, labour, natural resources and capital
can generate a profit. The entrepreneurial vision is defined by discovery and risk-taking and
is an indispensable part of a nation’s capacity to succeed in an ever-changing and more
competitive global marketplace.
Meaning of Entrepreneur
The entrepreneur is defined as someone who has the ability and desire to establish,
administer and succeed in a startup venture along with risk entitled to it, to make profits. The
best example of entrepreneurship is the starting of a new business venture. The
entrepreneurs are often known as a source of new ideas or innovators, and bring new ideas
in the market by replacing old with a new invention.
It can be classified into small or home business to multinational companies. In economics, the
profits that an entrepreneur makes is with a combination of land, natural resources, labour
and capital.
In a nutshell, anyone who has the will and determination to start a new company and deals
with all the risks that go with it can become an Entrepreneur.
What are the 4 Types of Entrepreneurship?
It is classified into the following types:
Small Business EntrepreneurshipThese businesses are a hairdresser, grocery store, travel agent, consultant, carpenter,
plumber, electrician, etc. These people run or own their own business and hire family
members or local employee. For them, the profit would be able to feed their family and not
making 100 million business or taking over an industry. They fund their business by taking
small business loans or loans from friends and family.
Scalable Startup EntrepreneurshipThis start-up entrepreneur starts a business knowing that their vision can change the world.
They attract investors who think and encourage people who think out of the box. The research
focuses on a scalable business and experimental models, so, they hire the best and the
brightest employees. They require more venture capital to fuel and back their project or
business.
Large Company EntrepreneurshipThese huge companies have defined life-cycle. Most of these companies grow and sustain by
offering new and innovative products that revolve around their main products. The change in
technology, customer preferences, new competition, etc., build pressure for large companies
to create an innovative product and sell it to the new set of customers in the new market. To
cope with the rapid technological changes, the existing organisations either buy innovation
enterprises or attempt to construct the product internally.
Soci
Presentation given by Tarun Agarwal to Indian Merchants Chamber (IMC), India's foremost think-tank, on Economic Development for Small & Medium Entreprises (SMEs).
Do read, you will surely find some aspects of it provocative.
It tries to showcase also the need to have an integrated economic development plan where all segments of society work together - Can the SMEs succeed without the support of its employees, vendors, information technology, big businesses, government agencies? The answer is no.
Icon Business Forum is has mobilized of strategy consultants, investment bankers, celebrities, writers, industry chambers to usher in a wave of collective economic development.
TLE 504 - Introduction to Entrepreneurship.pptxMendozaPatrice
There are people around the world who are unaware of their entrepreneurial potential. It is because, an entrepreneurial capacity is not innate in every person but has to be developed. Not all human being is born to become an entrepreneur or to engage in entrepreneurship. To become one of them, the education of a person should not be impeded or hindered by being financially-handicapped. It requires an initiative and the values of resourcefulness and self-determination. Through these, the person could find the opportunities for supports to develop his/her own competencies to think and innovate. These abilities can be noted on the persons that are not contented of what they do but, to keep on thinking. In fact, there are public servants who resign from government service and engage on entrepreneurial activities. They want to exploit their full potentials and became successful in business. Unlike in government service, it is in entrepreneurship where some people became successful in life. Because of their innovative, they could immediately implement what they thought and seek government supports when necessary. Entrepreneurship can be considered a national asset, and entrepreneurs are the drivers of that asset for any country. It is a dynamic process that not only increases wealth and but can also create value that results in improved well-being. It plays an important role in changing society, so it makes sense to cultivate, motivate, and remunerate this greatest asset to the greatest extent possible (Mohamed, 2020). Universities, being a brewing spot for knowledge spillover (Audretsch and Caiazza, 2016), are considered as an engine to improve economic growth by developing potential entrepreneurs (Lackéus, 2015; Ward et al., 2019). Entrepreneurial potential is a useful concept because not only it encompasses the degree in which an individual possesses entrepreneurial-related qualities, but also accounts for entrepreneurial intentions, or the state of mind of determination to act toward creating business. Intentions are particularly meaningful because they have a reasonably high prediction power of actual behavior (Krueger, 2017; Ward et al., 2019), and it is a good proxy to overview the short-term future of business activity. Hence, teachers are introduced to the concepts and theories of entrepreneurship, including some factors that drive entrepreneurship. While the topic requires more understanding, it is also necessary for the teachers that they be capacitated to become an entrepreneur as their additional tools in the delivery of service to communities.
Entrepreneurs are one of the reason for countries economic growth. They have brought a massive positive contributions to the nations financial development and social advancement. Entrepreneurs play an important role in bringing in economic changes and advancements to a country's economy. Among the contributions are such as innovation and job creation. As entrepreneurship is synonymous with self employed, it is believed to be an effective procedure in dealing with the issue of employability, especially among the young people. In the dynamic society, the entrepreneurs predict the future and smell the undesirable consequences well in advance and at the same time they identify the business opportunities. The first step for a successful entrepreneur is to predict the future with all accuracy. The purpose of present study is to find out what exactly makes a successful entrepreneur. Che Mohd Zulkifli Che Omar ""What Makes a Successful Entrepreneur"" Published in International Journal of Trend in Scientific Research and Development (ijtsrd), ISSN: 2456-6470, Volume-3 | Issue-4 , June 2019, URL: https://www.ijtsrd.com/papers/ijtsrd25154.pdf
Paper URL: https://www.ijtsrd.com/management/business-economics/25154/what-makes-a-successful-entrepreneur/che-mohd-zulkifli-che-omar
Educaterer India is an unique combination of passion driven into a hobby which makes an awesome profession. We carve the lives of enthusiastic candidates to a perfect professional who can impress upon the mindsets of the industry, while following the established traditions, can dare to set new standards to follow. We don't want you to be the part of the crowd, rather we like to make you the reason of the crowd.
Today's Effort For A Better Tomorrow
Ethnobotany and Ethnopharmacology:
Ethnobotany in herbal drug evaluation,
Impact of Ethnobotany in traditional medicine,
New development in herbals,
Bio-prospecting tools for drug discovery,
Role of Ethnopharmacology in drug evaluation,
Reverse Pharmacology.
Presentation given by Tarun Agarwal to Indian Merchants Chamber (IMC), India's foremost think-tank, on Economic Development for Small & Medium Entreprises (SMEs).
Do read, you will surely find some aspects of it provocative.
It tries to showcase also the need to have an integrated economic development plan where all segments of society work together - Can the SMEs succeed without the support of its employees, vendors, information technology, big businesses, government agencies? The answer is no.
Icon Business Forum is has mobilized of strategy consultants, investment bankers, celebrities, writers, industry chambers to usher in a wave of collective economic development.
TLE 504 - Introduction to Entrepreneurship.pptxMendozaPatrice
There are people around the world who are unaware of their entrepreneurial potential. It is because, an entrepreneurial capacity is not innate in every person but has to be developed. Not all human being is born to become an entrepreneur or to engage in entrepreneurship. To become one of them, the education of a person should not be impeded or hindered by being financially-handicapped. It requires an initiative and the values of resourcefulness and self-determination. Through these, the person could find the opportunities for supports to develop his/her own competencies to think and innovate. These abilities can be noted on the persons that are not contented of what they do but, to keep on thinking. In fact, there are public servants who resign from government service and engage on entrepreneurial activities. They want to exploit their full potentials and became successful in business. Unlike in government service, it is in entrepreneurship where some people became successful in life. Because of their innovative, they could immediately implement what they thought and seek government supports when necessary. Entrepreneurship can be considered a national asset, and entrepreneurs are the drivers of that asset for any country. It is a dynamic process that not only increases wealth and but can also create value that results in improved well-being. It plays an important role in changing society, so it makes sense to cultivate, motivate, and remunerate this greatest asset to the greatest extent possible (Mohamed, 2020). Universities, being a brewing spot for knowledge spillover (Audretsch and Caiazza, 2016), are considered as an engine to improve economic growth by developing potential entrepreneurs (Lackéus, 2015; Ward et al., 2019). Entrepreneurial potential is a useful concept because not only it encompasses the degree in which an individual possesses entrepreneurial-related qualities, but also accounts for entrepreneurial intentions, or the state of mind of determination to act toward creating business. Intentions are particularly meaningful because they have a reasonably high prediction power of actual behavior (Krueger, 2017; Ward et al., 2019), and it is a good proxy to overview the short-term future of business activity. Hence, teachers are introduced to the concepts and theories of entrepreneurship, including some factors that drive entrepreneurship. While the topic requires more understanding, it is also necessary for the teachers that they be capacitated to become an entrepreneur as their additional tools in the delivery of service to communities.
Entrepreneurs are one of the reason for countries economic growth. They have brought a massive positive contributions to the nations financial development and social advancement. Entrepreneurs play an important role in bringing in economic changes and advancements to a country's economy. Among the contributions are such as innovation and job creation. As entrepreneurship is synonymous with self employed, it is believed to be an effective procedure in dealing with the issue of employability, especially among the young people. In the dynamic society, the entrepreneurs predict the future and smell the undesirable consequences well in advance and at the same time they identify the business opportunities. The first step for a successful entrepreneur is to predict the future with all accuracy. The purpose of present study is to find out what exactly makes a successful entrepreneur. Che Mohd Zulkifli Che Omar ""What Makes a Successful Entrepreneur"" Published in International Journal of Trend in Scientific Research and Development (ijtsrd), ISSN: 2456-6470, Volume-3 | Issue-4 , June 2019, URL: https://www.ijtsrd.com/papers/ijtsrd25154.pdf
Paper URL: https://www.ijtsrd.com/management/business-economics/25154/what-makes-a-successful-entrepreneur/che-mohd-zulkifli-che-omar
Educaterer India is an unique combination of passion driven into a hobby which makes an awesome profession. We carve the lives of enthusiastic candidates to a perfect professional who can impress upon the mindsets of the industry, while following the established traditions, can dare to set new standards to follow. We don't want you to be the part of the crowd, rather we like to make you the reason of the crowd.
Today's Effort For A Better Tomorrow
Ethnobotany and Ethnopharmacology:
Ethnobotany in herbal drug evaluation,
Impact of Ethnobotany in traditional medicine,
New development in herbals,
Bio-prospecting tools for drug discovery,
Role of Ethnopharmacology in drug evaluation,
Reverse Pharmacology.
We all have good and bad thoughts from time to time and situation to situation. We are bombarded daily with spiraling thoughts(both negative and positive) creating all-consuming feel , making us difficult to manage with associated suffering. Good thoughts are like our Mob Signal (Positive thought) amidst noise(negative thought) in the atmosphere. Negative thoughts like noise outweigh positive thoughts. These thoughts often create unwanted confusion, trouble, stress and frustration in our mind as well as chaos in our physical world. Negative thoughts are also known as “distorted thinking”.
Synthetic Fiber Construction in lab .pptxPavel ( NSTU)
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How to Make a Field invisible in Odoo 17Celine George
It is possible to hide or invisible some fields in odoo. Commonly using “invisible” attribute in the field definition to invisible the fields. This slide will show how to make a field invisible in odoo 17.
The French Revolution, which began in 1789, was a period of radical social and political upheaval in France. It marked the decline of absolute monarchies, the rise of secular and democratic republics, and the eventual rise of Napoleon Bonaparte. This revolutionary period is crucial in understanding the transition from feudalism to modernity in Europe.
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2. Introduction to Entrepreneurship
What is Entrepreneurship?
– Entrepreneurship is the process of creating
something new of value by devoting (giving)
the necessary time and effort.
– By accepting and acknowledging the
necessary financial, psychological, and social
risks, and
– Finally receiving the resulting rewards be it
monetary and personal satisfaction and
freedom to do what you want.
Robert D.Hisrich, M. Peters & D.A Shepherd
3. Introduction to Entrepreneurship
Simple Definition
– Process of creating something new and
assuming the risks and rewards.
Robert D.Hisrich, M.P.Peters &
D.A.Shepherd
4. Introduction to Entrepreneurship
What is an Entrepreneur?
– He or she is an individual who actively form or lead their
own business and nurture them for growth and
prosperity.
UiTM Entrepreneurship Study Group
– A person who creates and manages change by the
recognition of opportunities (needs, wants,
opportunities, problems, and challenges) and develops
people and manages resources to take advantage of the
resources to take the opportunity and creates a venture
(profitable business).
Eston Kimani, MIT
5. Introduction to Entrepreneurship
What are the different outcomes of engaging in
entrepreneurship?
– Innovation or newness – product or service.
– Organizing resources – finance, people, physical and
information resource.
– Creating new product or service.
– Generating wealth
– Taking risk in a business venture.
– Prepared to face uncertainty.
– Create job opportunity
– Increase the abundance of wealth generation for the nation.
6. Introduction to Entrepreneurship
Characteristics or Personal Competency of an
Entrepreneur.
– Initiative
– Sees and Acts on Opportunities
– Persistence
– Information seeking
– Concern for High Quality Work and Output – Increased Productivity.
– Commitment to Work Contract
– Efficiency Orientation
– Systematic and organized planning
– Problem Solving
– Self Confidence
– Assertiveness – Negotiation with suppliers & customers
– Persuasive & Influential – Peers and stakeholders
– Inspirational - employees
– Effective Communicator – external & internal of organization.
7. Introduction to Entrepreneurship
The Role of Entrepreneurship in
Economic Growth.
– In order for Entrepreneurs to thrive in a
nation, the Government must play
important role in creating the kind of
business environment that create the
basis for growth, stability and future
success of entrepreneurs.
8. Introduction to Entrepreneurship
The Role of Entrepreneurship in Economic Growth.
– This primarily involves the:
Increasing the per capita output and income of the people of
the country.
Initiating and creating change in the structure of business and
society. Further growth and increased output arises, thus to
enable more wealth to be divided among the various
participants ( stakeholders).
Generation of innovation that leads to the creation of new
product and service.
Improvisation and modification on existing product to better
suit market and customers’ needs.
Creation of self employment and to cut back the dependency of
potential employment of new workers in government sectors.
Streamline of the private sector and encourage the inclusion of
new technology that is less labor dependent.
Increase in the national output which in turn lead to greater
and stronger economic growth.
Laying the seed bed for creating new entrepreneur in various
new technologies such as Bio Technology, Bio Technology
Medicine, Nano Technology , New Material Technology etc.
9. Introduction to Entrepreneurship
The Role of Entrepreneurship in Economic Growth.
– This primarily involves the:
Acting as a catalyst to nurture intrapreneurs and corporate
entrepreneurs in a business organization.
Providing Government grant and subsidy to existing and would be
entrepreneurs to aid their business development.
Providing Entrepreneurs in the SMI/SME various types of business
loans to act as an impetus for business and economic growth in
the nation. To facilitate this various business developments of
entrepreneurs, Commercial Banks, SME Bank, Bank Pertanian
Malaysia, EXIM Bank, and Bank Pembangunan Berhad provide the
support.
Government decision to engage both would be bumiputra and
non-bumiputra in various entrepreneurship development
schemes.
Providing knowledge and information through seminars,
conferences, exhibitions, various business, small business and
entrepreneurial business e-portals.
Providing of various financial, information resources support from
various government agencies and national corporations such
MDC,MARDI, FAMA, RISDA, FELDA, MATRADE, TELEKOMS
MALAYSIA, TNB, MAS etc.
10. Introduction to Entrepreneurship
The Entrepreneurial Process
– What is the Entrepreneurial Process?
The process of pursuing (going after) a new
venture or business,
Whether it is a new product going into an
existing market OR
Existing product going into a new markets
OR
The creation of a totally new organization.
11. Introduction to Entrepreneurship
First Entrepreneurial Process:
– Creation Process – creating something new of
value.
Second Entrepreneurial Process:
– Requires the commitment of the necessary
time and effort. Appreciate and understand the
importance of time and effort devoted to
create something new and make it workable.
Third Entrepreneurial Process:
– Involves the enjoyment of the rewards
(Freedom, monetary) after the effort, followed
by personal satisfaction.
12. Introduction to Entrepreneurship
The Entrepreneurial Process – Four
distinct process:-
– Identification and evaluation of the
opportunity.
– Development of the Business Plan.
– Determination of the required resources
– Management of the resulting enterprise.
13. Introduction to Entrepreneurship
The Benefits of Entrepreneurship:
– Opportunity to create your own destiny
Owning a business provides an
entrepreneurs the independence and the
opportunity to achieve what is important to
them.
Entrepreneurs want to decide what they
want in their lives, and they use their
businesses to make their desire a reality
(come true).
14. The Benefits of Entrepreneurship:
– Opportunity to make a Difference
More and more entrepreneurs are starting
businesses because they see this as an opportunity
to make a difference in a route or way that is
personally important to them.
– Opportunity to reach your full potential.
Many people find their work not challenging and not
exciting.
For entrepreneurs there is little difference between
work and play.
Entrepreneurs see their business as a vehicle of self
expression of personal desire and eventual self
actualization of their personal goals – the pinnacle of
their career success.
Introduction to Entrepreneurship
15. The Benefits of Entrepreneurship
Opportunity to reap extraordinary
(luar biasa) profits.
– The profit earned by an entrepreneur
are an important motivation and
indication factor for further increased
performance. Thus these could spur
them to greater achievement and
success.
Introduction to Entrepreneurship
16. Benefits of Entrepreneurship.
– Societal Responsibility and Recognition.
Small business owners are among the most
admired, respected and trusted individuals
of society.
Customers have shown their trust and
faithfulness over their years for their
business.
Help to contribute employment, business
opportunity in a particular locality or area.
Introduction to Entrepreneurship
17. Introduction to Entrepreneurship
Benefits of Entrepreneurship.
Opportunity to engage in work of their
choice
– Small business owners tend to engage in
business that gives them personal satisfaction.
– Though they may work long hours and engage
in very industrious work that is beneficial to
their organization and themselves.
– Most of all the work they engage in helps to
benefits the community, society and the
nation.
18. Introduction to Entrepreneurship
The Drawbacks of Entrepreneurship:
– Uncertainty of Income
Opening and a running a business provides
no guarantee that an entrepreneur will earn
enough money and survive.
Engaging in the wrong business and not
able gain an advantage in the short run and
eventually in the long run can be disastrous.
Great effort and proper and effective
management need to used in beginning to
ensure the organization success.
19. The Drawbacks of Entrepreneurship
Risk of losing your entire Investment
– Small business have a high failure rate.
– Though is successful initially it faces financial
difficulty within the next five years.
– Entrepreneurs must be prepared to face the
consequence of failure.
– Entrepreneurs must have acute sense of
observation and be able to detect the early signs
of failure.
– If a business fails the entrepreneur must have a
contingency plan to overcome a bankruptcy or
personal failure.
Introduction to Entrepreneurship
20. Introduction to Entrepreneurship
Drawbacks of Entrepreneurship
– Long Hours and Hard Work
Entrepreneurs tend to be generally
workaholic, and under tremendous pressure
to produce the result they expect.
Entrepreneurs seldom find time to be away
from the business but tend to pour all their
effort and resources to achieve their personal
entrepreneurial objective.
Some even go to extent of making big
sacrifice and deprive themselves of a
personal life, wife and children and social and
family associates.
21. Introduction to Entrepreneurship
Drawbacks of Entrepreneurship
– Lower Quality of Life until the business
get established.
In order for the business to be successful
the entrepreneur must engage himself to
produce the kind of result he expects.
He cannot rest on his laurels (take it easy)
until and certain the business has stabilized
and established.
22. Drawbacks of Entrepreneurship
– High level of stress
Starting the business can be very rewarding
experience, but it can be stressful.
An entrepreneur have left the comfort and security of
secured job to venture into their own business.
Failure can bring about tremendous personal failure,
and in turn creates intense levels of anxiety and stress.
Financial burden may increase and the entrepreneur
may face difficulty sustaining the business or may
decide to call it for day and wind up the business for
good.
Introduction to Entrepreneurship
23. Drawbacks of Entrepreneurship
– Complete Responsibility
Must be prepared to make decision that are
unfavorable (swallow the bitter pill).
Must make decision in areas that the
entrepreneur is not familiar at all.
Fear of making decision that can have a
devastating effect on the business and its
people.
Tremendous pressure to perform as the
entrepreneur is too deeply engaged in the
business
Introduction to Entrepreneurship
24. Drawbacks of Entrepreneurship
– Discouragement
– To undertake a business requires a lot of
dedication, discipline and tenacity.
– During running the business they will face many
difficulties, obstacles which may difficult to
overcome.
– Further difficulties, discouragement and
disillusionment are common emotions.
– Successful entrepreneurs escape through rough
times or difficult times through sheer hard work,
self confidence and full of optimisms.
Introduction to Entrepreneurship
25. Introduction to Entrepreneurship
Ten Deadly Mistakes of Entrepreneurship:
– Business entrepreneurship fail because:-
Management Mistakes
Lack of Experience
Poor financial control
Weak marketing efforts
Failure to develop a strategic and effective plan
Uncontrolled Growth
Poor location
Improper inventory control
Incorrect or unsuitable pricing
The inability of to move into entrepreneurial thinking
mindset
from the previous secured permanent managerial position
held.
26. How to avoid failure in a Entrepreneurial
business.
– Know your business in depth.
– Develop a good, effective and solid Business
Plan.
– Manage your financial resources effectively.
– Have a thorough and complete financial
statement.
– Learn hire and manage people effectively.
– Keep physically fit, consume healthy foods,
and avoid addictive consumption cigarettes
and alcohol.
Introduction to Entrepreneurship