Entrepreneurship and starting a small business (Managing a small business,…
Entrepreneurship and starting a small business
What does it takes to be an entrepreneur?
Self-directed. You should be self-disciplined and thoroughly comfortable being your own boss. You alone will be responsible for your success or failure
Self-nurturing. You must believe in your idea even when no one else does, and be able to replenish your own enthusiasm.
Action-oriented. Great business ideas are not enough. Most important is a burning desire to realize, actualize, and build your dream into reality.
Highly energetic. It’s your business, and you must be emotionally, mentally, and physically able to work long and hard.
specific geographic areas to which governments attract private business investment by offering lower taxes and other government support
creative people who work as entrepreneurs within corporations. The idea is to use a company’s existing resources to launch new products and generate income
is an online marketing strategy in which a business rewards individuals or other businesses for each visitor or customer the affiliate sends to its website
is independently owned and operated, is not dominant in its field of operation, and meets certain standards of size in terms of employees or annual receipts under 2.5 million per year
Managing a small business
Planning your business
Financing your business
Knowing your customers
Managing your employess
Keeping records (accouting)
business plan is a detailed written statement that describes the nature of the business, the target market, the advantages the business will have over competition, and the resources and qualifications of the owner :