ENTREPRENEURSHIP

Detailed explanation-1: -Adding employees to a payroll is costly for a business. When a company “screens” job applicants, people who are not right for the job are removed from consideration for the job. A small business owner should never share his or her values and plans for the business with a job applicant. That information is classified.

Detailed explanation-2: -First-line managers are the entry level of management, the individuals “on the line” and in the closest contact with the workers. They are directly responsible for making sure that organizational objectives and plans are implemented effectively.

Detailed explanation-3: -Freedom and passion, not money, is the main motivation. Cox Business found that more than half of small business owners start their own businesses to be their own boss. They were also motivated by the idea of creating something from the ground up.

Detailed explanation-4: -A single-location restaurant, one grocery shop, or a retail shop to sell your handmade goods would all be an example of small business entrepreneurship. These people usually invest their own money and succeed if their businesses turn a profit, which they live off.

Detailed explanation-5: -Entrepreneurs provide job opportunities. Entrepreneurs increase competition & boost productivity. Entrepreneurs create new business & new markets. Entrepreneurs add national income. Entrepreneurs introduce innovative technologies.