1.
t
Traits of business
Activities: A business consists of various
activities basically economical and non-economical.
2.
Profit: The primary goal of business is to make
profit for its owners. It is the main incentive for starting a business. Other
goals of business can be growth, survival, market leadership, efficiency,
innovation, social responsibility and corporate citizenship.
3.
Customers:...
Thursday, February 19, 2015
Meaning of Small Business
Small business is an organization. It is engaged in production and
marketing. The various types of activities can be: manufacturing, services,
construction, transport and trade. It is everywhere.
The small business owner establishes and manages the business to attain
personal objectives. The business is an extension of the owner’s needs,
objectives and personality. The business growth is not a primary objective. The
aim is to continue operations over a long period of time. The major characteristics
of a small business are:
a.
Management...
Monday, January 19, 2015
Tuesday, January 13, 2015
Negative aspect of entrepreneurship
Entrepreneurship has the following negative aspects.
1.
Risk to failure : The entrepreneur bears
personal liability for losses. The failure rate for new ventures is very high.
There is no guarantee of success. The reasons are:
·
Lack of knowledge and experience of technical
and business know-how.
·
Lack of capital. Poor creditworthiness with
financial institutions.
·
Poor...
Monday, January 5, 2015
Mission
This blog is generated to make
the general individuals aware of the general terms regarding entrepreneurship.
After going through this blog, the readers will be able to distinguish the
meaning of management and entrepreneurship, managers and entrepreneurs,
Intrapreneur and salaried employees and likewise the same. However, the general
public will get a chance to apprehend about the key terms regarding
entrepreneurship and various factors influencing entrepreneurship. As a matter of fact, the key mission of this
blog is to persuade the individual...
About Me
Well, Introducing myself, I am
Neeva Shrestha, very much kind and initiative
person. I have graduated from Caspian Valley College, Kathmandu, Nepal. Currently
I am appointed as a full time in Siddhartha Insurance Limited, and work as a
part timer in teaching field. I always believe in flourishing knowledge, as I follow
a single concept, if a person gives knowledge, you will understand much deeply
about a particular subject. Beside that I am always eager to assist people who
want to learn more. Due to my simple interest, I work as a...
Positive Aspects Of Entrepreneurship
Entrepreneurship creates new ventures and new jobs. It is the
source of innovation. It creates new processes, products, markets and
facilitates change. It puts economic development on a new course.
Entrepreneurship is the driving force for economic development. It plays a critical
role in economic development in the following ways:
Capital Formation
Capital is one of the vital sources for economic development.
It is addition made to the stock of physical and human capital. Entrepreneurs
stimulate investment interest in new ventures to mobilize...
Sunday, January 4, 2015
Entrepreneurship Development
Usually, Entrepreneurs practice entrepreneurship.
Entrepreneurship qualifications are possessed by entrepreneurs. Seemingly,
there is no general agreement about the qualifications of entrepreneurs. The
common qualifications that make entrepreneurs successful are explained as:
Achievement Oriented
Entrepreneurs have strong need for achievement. This need
serves as the prime motivator for them. It drives them towards the accomplishment
of challenging tasks and makes them creative. It provides them desire to succeed.
Money is not their obsession. ...
