INTRODUCTION TO ENTREPRENEURSHIP
IMPORTANCE OF ENTREPRENEURSHIP IN ECONOMIC DEVELOPMENT
|
Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
|
|
|
1.I know what works and there is nothing new being offered in the market.
|
|
|
2. The technology is nothing for me; I know which technology can do what.
|
|
|
3. We have everything in place and with our knowledge nobody can come close to us.
|
|
|
4. People are independent to start on their own.Let me work to understand the key elements to effectively pursue this opportunity along with demand needs and our offering in line with resources available to us.
|
Detailed explanation-1: -Conduct market research. Market research will tell you if there’s an opportunity to turn your idea into a successful business. Write your business plan. Fund your business. Pick your business location. Choose a business structure. Choose your business name. Register your business. Get federal and state tax IDs. More items
Detailed explanation-2: -small business. scalable startups. large company or intrapreneurship. social entrepreneurship. 07-Apr-2022
Detailed explanation-3: -Mind-set. Many people make the mistake of selecting a franchise based on what the business does, what the person likes or where their passions lie. Finances. Skills. Time availability. 23-Dec-2014
Detailed explanation-4: -Make a business plan. Secure funding. Surround yourself with the right people. Follow the right legal procedures. Establish a location. Develop a marketing plan. Build your customer base. Plan to change.