ENTREPRENEURSHIP

Detailed explanation-1: -Answer: What exactly does that (self discovery) mean? That means taking a long, hard look at yourself and your business to better understand what you already have to help you get where you want to go, and what else you need (a plan of action, the right people, the right tools, etc.).

Detailed explanation-2: -It’s important to remember that you can only change yourself. So instead of focusing on what others think of you, focus on how you can become a better version of yourself. That’s why self-discovery is crucial to ensure your success. By discovering more about yourself, you’ll gain confidence and clarity.

Detailed explanation-3: -It is useful to break the entrepreneurial process into five phases: idea generation, opportunity evaluation, planning, company formation/launch and growth. These phases are summarized in this table, and the Opportunity Evaluation and Planning steps are expanded in greater detail below.

Detailed explanation-4: -In sum, entrepreneurship is the process of starting and developing a company, with the aim of delivering something new or improved to the market, or by organizing the means of production in a superior way.

Detailed explanation-5: -Being a self-employed entrepreneur means learning to manage the administrative procedures that are the responsibility of the entrepreneur. It is also discovering accounting. The goal is to accurately study investments, profits and adapt its offer over time to be profitable.