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About Chapter 5: Entrepreneurship and Business Planning: Reference: Chapter 6 of Jeff Madura
The document discusses entrepreneurship and business planning. It defines entrepreneurship as recognizing an opportunity, testing it in the market, and gathering resources to start a business. An entrepreneur is someone who recognizes an opportunity and starts and manages a business, taking on the associated risks. It notes some common motivations for becoming an entrepreneur like higher income, being your own boss, and having more control and creativity. It also discusses challenges like sole responsibility and risk. The document outlines what someone should consider before starting a business, like demand, competition, labor conditions and regulations. It discusses how to gain competitive advantages and the key parts of a business plan like the executive summary, company description, marketing plan and financial plan. Finally, it discusses managing risks
Detailed Information
| Author: | ['Tasim Ishraque'] |
|---|---|
| Publication Year: | 2023 |
| Pages: | 22 |
| Language: | English |
| Format: | |
| Price: | FREE |
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