Wednesday, April 19, 2017

Entrepreneurship

What is Entrepreneurship? 

  • According to the dictionary, Entrepreneurship is the activity of setting up a business or businesses, taking on financial risks in the hope of profit. 
  • But Entrepreneurship can mean a lot of things; different things to different people. 

If you want to start your own business, great concepts will be needed for your entrepreneurship to be successful.  

Entrepreneurship is not only about coming up with smart ideas and products, that is just one part. You'll also need to think about how to make your customers interested and affordable for them.


Now...How to Start Your Own Business?


Make sure it is something you want to do!

Make sure entrepreneurship is something that you will enjoy doing, and that you will be dedicated to it. If not, and you still have many doubts, stop and re-think about what you are doing.

Decide the kind of business you want to start 

Don't start a business that you won't accomplish, build a kind of business that you will feel comfortable with, either it is franchise or independent, choose a kind of business that you would be interested in starting. 

Research about your idea

Look if anyone is doing it, how is the competition like for that idea? And search for problems that might come up.

Create your business plan

Create a business plan for you to keep track of your idea, ask yourself questions with what? Why? Where? Who? When? How? to build your plan.
What is the purpose of this idea? Who are the customers? How do we start? What obstacles will we face in the future..etc

Handle paperwork

Make sure you know the paper works, such as insurances 









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