Igniting Young Minds – for Entrepreneurship - Entrepreneurship - Overview - P...Resurgent India
Entrepreneurship is not only an important driver of economic growth, productivity, innovation and employment. . It is also a key player in the “cycle of life” of businesses, giving rise to new firms to take the place of those whose influence and relevance are waning.
Igniting Young Minds – for Entrepreneurship - Entrepreneurship - Overview - P...Resurgent India
Entrepreneurship is not only an important driver of economic growth, productivity, innovation and employment. . It is also a key player in the “cycle of life” of businesses, giving rise to new firms to take the place of those whose influence and relevance are waning.
‘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.
What are the major functions of the entrepreneurThe Hustle Story
An Entrepreneur is an individual who performs all functions to launch a startup. He/she pursues a specific vision and an effective strategy to achieve the desired goal. Here you can find the major functions of the entrepreneur. For more info you can visit our blog: https://thehustlestory.com/what-are-the-major-functions-of-the-entrepreneur/
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
Government authorities possess however in order to truthfully recognize the actual part associated with small company and prevent having to pay just top support in order to it’s marketing. The present taxes program with regard to small company, in many nations must be revisited. Nobody is actually recommending which taxes government bodies ought to give smaller businesses “special treatment” permanently. Only a rest, in order for them to develop in a quicker speed.
For more info http://www.electronic-business-forum.com/
This project gives a fair idea of starting a venture which is particularly applicable in India due to its various tax and legal laws. But still it gives the essentials of starting a venture anywhere in the world
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
Breakthrough the traditional way of planing. Read Venture Care’s “Corporate Digest” December, 2017 .
Here are some insights of the magazine :
– What are your company strategies in this new Economy?
– Rewritten Risks and Entrepreneurship
– Valuation: A Modern Art
– Financial Modeling A practical view &
– Starting a Producer Company in India.
THIS E BOOK IS VERY HELPFUL FOR ENTREPRENEURIAL
IDEAS AND SKILLS
FOR BEGINNERS AND START UPS. THIS E BOOK ALSO CONTAIN LINKS OF PHYSICAL BOOKS YOU CAN BUY
STUDY ABOUT ENTREPRENEUR IDEAS AND START UPS'
What To Consider When Choosing Financing Instruments And Consultations?hansongroupus
In this way, with financing instruments up to date, the way is open for the entrepreneur to dedicate himself to what he really specializes in. Visit here: https://bit.ly/3LMQqgd
Explore Sarasota Collection's exquisite and long-lasting dining table sets and chairs in Sarasota. Elevate your dining experience with our high-quality collection!
How to Build a Diversified Investment Portfolio.pdfTrims Creators
Building a diversified investment portfolio is a fundamental strategy to manage risk and optimize returns. For both novice and experienced investors, diversification offers a pathway to a more stable and resilient financial future. Here’s an in-depth guide on how to create and maintain a well-diversified investment portfolio.
Textile Chemical Brochure - Tradeasia (1).pdfjeffmilton96
Explore Tradeasia’s brochure for eco-friendly textile chemicals. Enhance your textile production with high-quality, sustainable solutions for superior fabric quality.
When listening about building new Ventures, Marketplaces ideas are something very frequent. On this session we will discuss reasons why you should stay away from it :P , by sharing real stories and misconceptions around them. If you still insist to go for it however, you will at least get an idea of the important and critical strategies to optimize for success like Product, Business Development & Marketing, Operations :)
Reflect Festival Limassol May 2024.
Michael Economou is an Entrepreneur, with Business & Technology foundations and a passion for Innovation. He is working with his team to launch a new venture – Exyde, an AI powered booking platform for Activities & Experiences, aspiring to revolutionize the way we travel and experience the world. Michael has extensive entrepreneurial experience as the co-founder of Ideas2life, AtYourService as well as Foody, an online delivery platform and one of the most prominent ventures in Cyprus’ digital landscape, acquired by Delivery Hero group in 2019. This journey & experience marks a vast expertise in building and scaling marketplaces, enhancing everyday life through technology and making meaningful impact on local communities, which is what Michael and his team are pursuing doing once more with Exyde www.goExyde.com
Salma Karina Hayat is Conscious Digital Transformation Leader at Kudos | Empowering SMEs via CRM & Digital Automation | Award-Winning Entrepreneur & Philanthropist | Education & Homelessness Advocate
What You're Going to Learn
- How These 4 Leaks Force You To Work Longer And Harder in order to grow your income… improve just one of these and the impact could be life changing.
- How to SHUT DOWN the revolving door of Income Stagnation… you know, where new sales come into your magazine while at the same time existing sponsors exit.
- How to transform your magazine business by fixing the 4 “DON’Ts”...
#1 LEADS Don’t Book
#2 PROSPECTS Don’t Show
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#4 CLIENTS Don’t Stay
- How to identify which leak to fix first so you get the biggest bang for your income.
- Get actionable strategies you can use right away to improve your bookings, sales and retention.
Best Crypto Marketing Ideas to Lead Your Project to SuccessIntelisync
In this comprehensive slideshow presentation, we delve into the intricacies of crypto marketing, offering invaluable insights and strategies to propel your project to success in the dynamic cryptocurrency landscape. From understanding market trends to building a robust brand identity, engaging with influencers, and analyzing performance metrics, we cover all aspects essential for effective marketing in the crypto space.
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Entreprenuership assignment
1. MZUZU UNIVERSITY
FACULTY OF INNOVATION AND
DEPARTMENT OF INFORMATION AND COMMUNICATION
TECHNOLOGY
COURSE TITLE : ENTREPRENEURSHIP
STUDENT NAME : KENNEDY MEMBA
REG. NUMBER : BICTU 22/17
SUPERVISOR : MR. G. MHANGO
DUE DATE : 7th
June 2019
2. Increasingly, economic development experts are abandoning traditional approaches to economic
development that rely on recruiting large enterprises with tax breaks, financial incentives, and
other inducements. Instead, they are relying on building businesses from the ground up and
supporting the growth of existing enterprises. In this essay we will focus on three areas which will
include: factors contributing to the increase of small ventures, roles of small business in the
economy and causes of small business failures.
To begin with, there are several factors that contribute to the increase of small ventures or
businesses. Not all people can be business personnel or entrepreneurs. Some have to be educated
to be in the offices and be the driving force in the various departments of organizations. Firstly,
people need the freedom i.e. that freedom of being free from roaming to do business and meeting
customers in particular organisations there are no chances that one can go out to do any activity to
bring them money. Some people prefer to be not in the offices but to go in the streets to look for
money. Secondly, freedom of money is another issue that contributes to the increase of small
business people. Business people chose to have full control of money that they are making on daily
basis. This totally differs from the salary that one makes at the end of a month, salary does not
make one to have the full control of money due to activities that come through during the time that
you have money, people chose to do a business so that they can have the freedom to have money
so that they can do developments they wish at any time they like.
Additionally, passion and enthusiasm is what also brings new ventures that risk takers see that they
can react and deliver what is required on the ground. Some people loves to see their efforts business
growing from one point to another as a result this enhances a high number of small ventures in a
particular area. Furthermore, due to lack of employment some people choose to go for a particular
business which it can support them in finding needs to support their life in daily activities.
Although some people do business, some do it because they don’t have anything to do, their
passion goes to the offices where they want to be running with files and get paid at the end of the
month not watching their work progressing and growing into a big business. Lastly, due to the
missing gaps in the market some people tries to come up with solutions which can generate money
as a result this brings up new companies.
As these ventures are being rolled up and operating there are roles that have to fulfill to the
economy of the particular area. In this section I will say much concerning the roles of small
businesses in the economy. The following are some of the facts: to be more innovative. Here, the
business has to be too dynamic in its operations. E.g. in a business of producing and supply, the
owners has to always make sure that new products are produced as well innovating the existing
products. This can also help to reduce competition with fellow competitors. Furthermore,
employing local employees is the other important area where we focus. Once a company or small
business starts operating it is the hope of everybody to see local people benefitting from the
business by getting jobs not by stealing materials of the business. Introduction of small businesses
enhances the chances of creating more jobs.
3. When the company/business is operating they pay taxes, which goes to the government. This
money helps in the development of the country in various activities of the government. If there
cannot be the presence of the small businesses paying tax that means the government cannot
generate enough money to support in its activities or operations in various sectors of it. Adapting
to the changing climate, the business has to ready to adapt to changes in environment, managers
have to be ready to respond to any changes made in the business whether are business policies.
Customers will love to see the supplier who responds to the environment changes. Lastly, growing
a small business into a corporation is one of the important factors that everybody hopes and dreams
of. This is a long term plan that if not well preparation and good strategies are not followed no
company or small business can develop into a corporation. It is recommended to think and grow
to build and achieve the highest dream that seem impossible.
Finally, there are several factors that lead to a failure of a small business. Some businesses succeed
while some fail on their way to grow and reach a successful peak of its operations. The factors
include: poor business planning. This happens when one lacks management and planning skills
essentially for growth of the business. Some of the necessary plans required to this point include
identify the mission; cost structure; market; external influences; and strengths and weakness of a
business. Lack of industrial experience is also another factor that fuels to the fall of the various
businesses, this leads to poor organisation of the firm and resources. Inadequate financing is also
another challenge which hinders most of the small businesses. It is not a matter of unavailability
of funding, but the lack of planning for funding to support opportunities for growth. Planning in
advance, rather than looking for financing just when needed, is a good practice.
Ignoring the competition from partners or fellow competitors is another challenge that can take the
business to the ground. Customers looks for better deals, good prices, this attracts the customers
to the business and helps the supplier to get acknowledged for the services being offered.
Competition brings good things. Management incompetence is also another factor that if not highly
monitored can lead to catastrophe of a business, management efficiently implements and monitors the
strategic and operational plan of a business. A good strategic plan is only good as the management’s
ability to implement changes in day to day operations. Additionally, lack of adequate cash flow
which makes it had for the business managers to fail on projections in cash of daily activities and
from sales and production. Business people fail to calculate all expenses as a result the business
fails to progress and the stop operations.
Sometimes it is also due to lack of entrepreneurial skills that makes businesses fail. It might happen
that the risk taker has no any skills related to business as a result this mounts to business failure in
the end. It is recommended that business owners possess the skills to enable them operate in the
field of their business.
4. References
1. Kelly Edmiston (2017). The Role of Small and Large Businesses in Economic
Development.
2. G. Mhango (2019) Challenges facing small scale businesses, Small scale business and
Business failures
3. Nickels understanding business 12th edition 2019