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.
27 September 2010
FOREIGN AID TO THE NEED COUNTRIES:THE BENEFITS AND WEAKNESSES !
Foreign aid is not a new system done by other countries assisting another country in need of aid in the form of finance or other technical expertise. In 1945 after the devastating effects of world war two left most of the European states with no any means to develop on their own . The Marshal plan helped Britain to cope with life.Again in 1967 Britain got another foreign aid to survive. The horrible earthquake which devasted the island of Haiti left the natives with no option than to wait for foreign aid inorder to cope with life. The global financial recession which hit almost all countries in 2008 necessited other countries to beg from the world bank to get aid. All these aids are necessary to any country at one point or another.
According to Mandaza (1981)foreign aid is the help in the form of technical and financial support channelled to the need countries being devastated by disasters which may include poverty ,droughts wars ,floods ,earthquakes etc.This was supported by Anold(1985)says foreign aid is taken to mean resources both capital and technical assistance in the form of people with their skills.
Weale(1983)says that foreign aid is given by relatively wealthy country to a developing country as a mitigation programme or project with the influence of political ,economical and cultural interests.Mosley(1988)adds that developed countries give aid to developing countries for the benefit of their own countries rather than for the developing countries.
Anold (1988)therefore argues that foreign aid is a product of decolonisation and it is not a simple act of charity as is perceived by those purveying it or receiving it.Foreign aid is taken differently according to people's different professions and backgrounds which always clicked in their minds that it may comeback such a thing like colonisation .What do you think Zimbabwe's colonial liberators will respond when the British Government advances an aid when they still have bilateral conflicts concerning land reform programme?
Foreign and defence ministries have seen aid as a means of winning and holding the political and military support of the less developed contries. The trade and employment ministries view trade as a way of winning a foothold in the markets of the less developed third word countries and create jobs at their homes and deploy some of its citizens as expatriates. For example when China is giving an aid to Zambia ,the equippment needed to build infrastructure,the engieers and other technical men power must also be Chinese origin.And also finance ministries percieved aid as platform to promote growth in less developed countries for the benefit of both countries and the world economy. Take a look at the aid given by British to build international airport in Zimbabwe both countries are benefiting for the flow of business because of new structure which boast trade between the two countries.
However although these foreign aid is useful to any country at one point. Some countries failed to perpetuate the projects initiated because of the complexity of technicalities involved there and continuous need of finance for a project to sustain itself. For instance a short term aid established in some districts of Zimbabwe to assist the poor small scale farmers to practice minimum tillage using a hole.When the agencies like GOAL,Catholic Relief Agencies ,CARE are still supervising and monitoring their projects this people submitted to follow what they are told and stick to instruction given ,inorder for them continue getting inputs to grow next season .After the agencies left the area these people easily go back to their traditional method of farming.This is one of the major reason why in some quotas the foreign aid is found benefiting the donating country than the receiving. Infact the idea is not yet materialising in them(the local people) so they do not have the vision of what to do alone inorder to develop their community.
According to Mandaza (1981)foreign aid is the help in the form of technical and financial support channelled to the need countries being devastated by disasters which may include poverty ,droughts wars ,floods ,earthquakes etc.This was supported by Anold(1985)says foreign aid is taken to mean resources both capital and technical assistance in the form of people with their skills.
Weale(1983)says that foreign aid is given by relatively wealthy country to a developing country as a mitigation programme or project with the influence of political ,economical and cultural interests.Mosley(1988)adds that developed countries give aid to developing countries for the benefit of their own countries rather than for the developing countries.
Anold (1988)therefore argues that foreign aid is a product of decolonisation and it is not a simple act of charity as is perceived by those purveying it or receiving it.Foreign aid is taken differently according to people's different professions and backgrounds which always clicked in their minds that it may comeback such a thing like colonisation .What do you think Zimbabwe's colonial liberators will respond when the British Government advances an aid when they still have bilateral conflicts concerning land reform programme?
Foreign and defence ministries have seen aid as a means of winning and holding the political and military support of the less developed contries. The trade and employment ministries view trade as a way of winning a foothold in the markets of the less developed third word countries and create jobs at their homes and deploy some of its citizens as expatriates. For example when China is giving an aid to Zambia ,the equippment needed to build infrastructure,the engieers and other technical men power must also be Chinese origin.And also finance ministries percieved aid as platform to promote growth in less developed countries for the benefit of both countries and the world economy. Take a look at the aid given by British to build international airport in Zimbabwe both countries are benefiting for the flow of business because of new structure which boast trade between the two countries.
However although these foreign aid is useful to any country at one point. Some countries failed to perpetuate the projects initiated because of the complexity of technicalities involved there and continuous need of finance for a project to sustain itself. For instance a short term aid established in some districts of Zimbabwe to assist the poor small scale farmers to practice minimum tillage using a hole.When the agencies like GOAL,Catholic Relief Agencies ,CARE are still supervising and monitoring their projects this people submitted to follow what they are told and stick to instruction given ,inorder for them continue getting inputs to grow next season .After the agencies left the area these people easily go back to their traditional method of farming.This is one of the major reason why in some quotas the foreign aid is found benefiting the donating country than the receiving. Infact the idea is not yet materialising in them(the local people) so they do not have the vision of what to do alone inorder to develop their community.
Subscribe to:
Posts (Atom)