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Further Discussions => Entrepreneurship , Business & Online Work Forum => Topic started by: Bodhi2021 on January 20, 2024, 10:54:25 PM
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Entrepreneurship from my own perspective is being able to recognize a business opportunity around you and making use of that opportunity to better yourself and those around you by providing them with what they need for an affordable price while achieving your goals and aspirations, But in this present time can an entrepreneur become successful or are there things that you need to consider before embarking on this journey of entrepreneurship, thank you.
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Entrepreneurship from my own perspective is being able to recognize a business opportunity around you and making use of that opportunity to better yourself and those around you by providing them with what they need for an affordable price while achieving your goals and aspirations, But in this present time can an entrepreneur become successful or are there things that you need to consider before embarking on this journey of entrepreneurship, thank you.
THERE ARE FACTORS TO CONSIDER BEFORE DECIDING TO VENTURE INTO ENTREPRENEURSHIP AND I WOULD LIKE TO POINT OUT SOME OF THEM WHICH ARE AS FOLLOWS;
1) CAPITAL IS THE MOST IMPORTANT FACTOR TO CONSIDER IN ENTERPRENURESHIP.
2) WHAT TO PRODUCE.
3) WHO TO PRODUCE FOR.
4) MARKETING THE PRODUCE.
5) DETERMINING THE COST,PROFIT AND LOSS.
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Thanks for this your wonderful points, have learn positively out of it, Thank you.
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you are most welcome and i am happy my knowledge is useful to you.
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Entrepreneurship is a process of recognizing a particular business that is suitable for the environment in which you are living, entrepreneurship has to do with taking present decision today against tomorrow, and also coordination that enhances communication and eliminate personal communication achievement of personal interaction or interest. entrepreneurship has to do with investing and also establishing of businesses and I as well assigning responsibilities and authorities to the manager connected in order to make the task holder accountable. entrepreneurship has to do with idea of production, creation, management in order for you to meet up a certain demand or target.
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You need to make available your capital that you will start up your business with. You should also have reserve funds in place so that if your business is not progressing, or is faced with some natural challenges attached to that business, you can have a back up and move on with your business. You should also consider the risky and how to reduce it to the lowest minimal. Taking advantage of your environment to set up a business that is not scarce to see, is a good one but you need to know the in and out of such business.
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Entrepreneurship is a process of recognizing a particular business that is suitable for the environment in which you are living, entrepreneurship has to do with taking present decision today against tomorrow, and also coordination that enhances communication and eliminate personal communication achievement of personal interaction or interest. entrepreneurship has to do with investing and also establishing of businesses and I as well assigning responsibilities and authorities to the manager connected in order to make the task holder accountable. entrepreneurship has to do with idea of production, creation, management in order for you to meet up a certain demand or target.
Thank you for your wonderful points I will put it into consideration
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You need to make available your capital that you will start up your business with. You should also have reserve funds in place so that if your business is not progressing, or is faced with some natural challenges attached to that business, you can have a back up and move on with your business. You should also consider the risky and how to reduce it to the lowest minimal. Taking advantage of your environment to set up a business that is not scarce to see, is a good one but you need to know the in and out of such business.
I do appreciate your points all, it really encouraging and guides to me
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Entrepreneurship from my own perspective is being able to recognize a business opportunity around you and making use of that opportunity to better yourself and those around you by providing them with what they need for an affordable price while achieving your goals and aspirations, But in this present time can an entrepreneur become successful or are there things that you need to consider before embarking on this journey of entrepreneurship, thank you.
Well, I find your definition convincing. Entreprenerism can have different definitions but one meaning. Based on how I understand entrepreneurship, I can say that it is the ability of an individual to recognize a good market opportunity, know the needs of people in that market, and be able to risk investing some money to start a business where you attend to people's needs for the purpose of making profit and also satisfying their needs. Entrepreneurs are risk-takers.
Well, in this time, like you said, entrepreneurs can still become successful, but it really takes a lot of characteristics to get successful. Some characteristics are:
Access the market first, get to know people's needs, and start a business that can actually satisfy their needs.
Always make a survey of the kind of business you want to go into and the area in which you want to start the business.
There are more.
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One aspect of entrepreneurship we must take seriously is 'opportunity ' we have to ensure we get the right opportunities so we do not waste our resources on a "dead-on-arrival" kind of project. Many entrepreneurs ignore good opportunities in their environment and go for something else that will not strive well in the environment they find themselves. This is one of the reasons entrepreneurs fail. If you get the right opportunity, you will be certain of future growth.
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Entrepreneurship from my own perspective is being able to recognize a business opportunity around you and making use of that opportunity to better yourself and those around you by providing them with what they need for an affordable price while achieving your goals and aspirations, But in this present time can an entrepreneur become successful or are there things that you need to consider before embarking on this journey of entrepreneurship, thank you.
Yes I agree with you, entrepreneurship today is amazing because of the help of modern technology.
Before you think of becoming an entrepreneur to use your ideas and innovations for business purposes, you should be familiar and have experience or knowledge on what you want to do and also how committed are you to doing that business? And you should also reason your finance before opening a business.
For me I think those are the key things that you should consider to become a successful entrepreneur.
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There are several crucial factors to consider when planning to start a business. The key considerations you mentioned are spot on:
CAPITAL: Is a major Factor One need to consider before planning to start up a business. You must make sure that you have the money or funds that you will invest in the business and make sure you have your own money, you didn't borrowed them, and make sure you invest your affordable capital don't put all your income in the business because you don't know it's outcome, it is important and necessary that you have money at hand before planning to start up a business.
WHAT TO PRODUCE: A Crucial Decision for Entrepreneurs
After securing funds, entrepreneurs must make informed decisions about what business to start or invest in. he should think on the business that he is going to invest in or start which will be profitable and beneficial to him,This involves careful consideration of profitable and beneficial ventures. A well-planned strategy is essential to determine what products or services will generate significant profits. Start a business which you know that people will demand a lot, sell products that people love to purchase a lot.
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Entrepreneurship from my own perspective is being able to recognize a business opportunity around you and making use of that opportunity to better yourself and those around you by providing them with what they need for an affordable price while achieving your goals and aspirations, But in this present time can an entrepreneur become successful or are there things that you need to consider before embarking on this journey of entrepreneurship, thank you.
Entrepreneurship is about spotting chances to help yourself and others while reaching your goals. To succeed, know your market, make a simple plan, be flexible, manage risks, and build relationships. With hard work and smart choices, you can succeed.
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... But in this present time can an entrepreneur become successful or are there things that you need to consider before embarking on this journey of entrepreneurship, thank you.
One of the things you really need to consider before embarking on the journey of entrepreneurship is if it is something you really want to do because it is always easy to start but more difficult to continue and keep going. Entrepreneurship is not a joyful ride, and there are times where you would cry and be in losses. The most successful entrepreneurs are those who stick to the plan and, regardless of discouragement, keep going until the end.
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One of the things you really need to consider before embarking on the journey of entrepreneurship is if it is something you really want to do because it is always easy to start but more difficult to continue and keep going.
well before you start you should study the sustainability of what you are about to do maybe you are just excited and hyped and driven by emotions that you can’t see past the challenges that could arise
Entrepreneurship is not a joyful ride, and there are times where you would cry and be in losses. The most successful entrepreneurs are those who stick to the plan and, regardless of discouragement, keep going until the end.
no business is a smooth ride it’s not a smooth sailing so you need to make sure you can tough it out and you have people to depend on in case things go wrong
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Entrepreneurship from my own perspective is being able to recognize a business opportunity around you and making use of that opportunity to better yourself and those around you by providing them with what they need for an affordable price while achieving your goals and aspirations, But in this present time can an entrepreneur become successful or are there things that you need to consider before embarking on this journey of entrepreneurship, thank you.
as an enterpreneur you should consider all hands are not equal,that is to say whatever goods your dealing with you should have the ones the average people can afford,and you should be enlighteen before going into enterpreneurship,in one of the topic i saw in the forum the question goes like this sarting up a business and still maintain your standard of business which of them is the hardest,the hardest is to still maintain that standard,because starting a business is very easy when necessary funds is there.
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Entrepreneurship from my own perspective is being able to recognize a business opportunity around you and making use of that opportunity to better yourself and those around you by providing them with what they need for an affordable price while achieving your goals and aspirations, But in this present time can an entrepreneur become successful or are there things that you need to consider before embarking on this journey of entrepreneurship, thank you.
as an enterpreneur you should consider all hands are not equal,that is to say whatever goods your dealing with you should have the ones the average people can afford,and you should be enlighteen before going into enterpreneurship,in one of the topic i saw in the forum the question goes like this sarting up a business and still maintain your standard of business which of them is the hardest,the hardest is to still maintain that standard,because starting a business is very easy when necessary funds is there.
As an entrepreneur, you must remember that not everyone can afford the same stuff. So make sure your products are affordable for most people. Also, you need to know what you’re doing before jumping in. The hardest part isn’t just starting the business, it’s keeping it at a good standard.
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As an entrepreneur, you must remember that not everyone can afford the same stuff. So make sure your products are affordable for most people. Also, you need to know what you’re doing before jumping in. The hardest part isn’t just starting the business, it’s keeping it at a good standard.
You are on point. It is very important for every entrepreneur to consider that people's financial statuses and classes vary greatly. So, as an entrepreneur, to make your products accessible to everyone, set competitive prices for the commodities you sell. This approach will help your business grow and excel to your satisfaction. However, starting a business requires careful consideration, including determining the initial capital investment and making informed, timely decisions to drive success.
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As an entrepreneur, you must remember that not everyone can afford the same stuff. So make sure your products are affordable for most people. Also, you need to know what you’re doing before jumping in. The hardest part isn’t just starting the business, it’s keeping it at a good standard.
The best course of action, in my opinion, is to build something that people need and attempt to set high standards for it rather than starting a business with the poor or average people in mind. Sometimes you may lose your standards when you consider what the average person can afford. So, set a good standard, and you will undoubtedly see those who can afford it. Whether we like it or not, there is class in society, and prices are frequently used to convey class.
The image of the business may be affected if in a bid to create something that can be affordable for the average person, substandard materials are used. The implication is that the target audience may not even want the product because it is subpar. The goal of every business is to make a profit, so prices are based on production costs, which means that if so much is spent to provide utility, buyers should be willing to also pay more for the utility they want to use.
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One thing successful entrepreneurs say a lot is to know everything about the thing you're going into business with. How it is made, what it is used for it. You have to have an appreciation for everyone work. Arrogance should be avoided and you should have your hands in every aspect of your business. Keep the number of employees low at first then increase the number of employees as your business grows. If you want to see yourself as an entrepreneur, it is very important to be disciplined in your life. Only then will you have order in your work. One should be careful about wasting time both professionally and personally.
You want to be an entrepreneur because you have a goal. Think positively about this goal every day. The most important skill of an entrepreneur is the ability to solve problems. You have to think quickly and consider the situation from different angles so that you can solve problems quickly