27 September 2010

ENTREPRENUESHIP 

The originate of an enterprise in order to satisfy a need and should be profitable is known as entreprenueship. An enterprenuer identifies an opportunity in terms of wants and needs of the people and mobilises resources to meet these needs.
This person must be good on financial management which have bases of strong innovation and high organisational skills. An entreprenuer should have the idea of environmental changes and be in flexibility to come up with new approaches,new tools and techniques for the business to strive. Before embarked on a new enterprise the entreprenuer first evaluate the risks associated with the business plan.
The characteristics of entreprenueship should involve innovation which is the ability to turn the mind and capture opportunities as they arise . An entreprenuer must be industrious as s/he is committed until success is realised and should choose a business with moderate risk and higher returns.
A person who is optimistic and looks at a brighter side of business. Who also capitalises on the positive and have a mind set of success.The achievements are oriented and willing to be accountable,ceases an opportunity and capitalises on it with active mind.
Successful entreprenuer is profit oriented ,have the desire to enlarge the enterprise ,be honest and integrit .Integrit is to integret and show,truely how an entreprenuer can do business. what you say is business ,what you want to do to generate income and assist the community . Words are impressions which can disappear like the mist as the sun arises in the clear skies. But with integrit whatever you say starts to take meaning by the way you presenting it and the purpose you wan to delive it up. Reliability is the major driver and energy is tireless . A person with the capability to set specific goals which are measurable and achievable.
An entreprenuer doesn't profiteer out of the community ,but have to make reasonable profit which help to make business sustainable as well as serving the community.The entreprenuer should avoid sabotaging by upholding commercial laws ,but respect government directives,aim for community development ,contribute to fiscus and helping upcoming entreprenuers.
The role of entreprenuer in the society is to improve the standard of living by supply the needs of the community. And be source of employment to the community and boast the informal sectors. The entreprenuer must produce high quality products competitive on the global market . If this business person is a retailer or reseller should operates as an eye to the producers to manufacture goods suitable for a specific community.
The merits of becoming an entreprenuer are many which includes to be financial independent,enhence personal skills and abilities.The entreprenuer gains control over own's life ,build something for the family and satisfy the expectations of the community.
Furthermore an entreprenuer develops a variety of skills for instance accounting and administrative basics. More so boasts the economic situation of the country.
The principle of an entreprenueship should be patriotic,loyalty and love of one's society or country.
The ability to create employment opportunities for fellow community members and avoid oppressing workers.The workers' rights are allowed to be exercised and giving them competitive wages.
Inaddition the entreprenuer should pay tax due ,faithfully to the responsible agencies of the government. According to a Chinese man Lao Tsu ,go to the people investigate their needs start with what they know and fulfil them so that they say we can do it.So an entreprenuer should be people centred,shun corrupt activities and donates to assist the disadvantaged groups within a society.
The business analysis made it mandatory to have a unique and easy name for your business.And answer the following question whether you have strong reasons to be an entreprenuer:
The products must be customer based and the reasons of starting the business why is it so important?
Why should people perceived it is a good idea?
What asserts needed to run a successful business?
What problems other business encountered and how your business differs from those to exist?
All these questions and many left can help to get embarked in the basics of becoming an entreprenuer.

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