Skip to main content

Posts

Showing posts from November, 2015

Leadership

Every enterprise needs strong and able leader for its. Leadership is on important and essential aspects of entrepreneurship. Most of the enterprise fails due to poor leadership. He is the leader who influences the behavior of other and ensures the success of an enterprise. In simple words, leadership is a process of directing other toward the accomplishment of goals. It is also the ability to influence the behavior of others to accomplish the objectives. Leadership is the process of influencing and supporting  others work toward achieving the objectives

Steps in starting up the small-scale business

Steps in starting up the small-scale business. A potential entrepreneur has to pass through various stages for setting up small scale unit. These are as follows:- The decision to be self-employed: - An educated person has to decide between two option either to work for other as employees or to work for himself as an entrepreneur. If the person possesses the right of knowledge, skill, experience and aptitude the best option for him is to set his own enterprise. This would give him best opportunity to invest, to innovate and  to give the best shape of this ideas. Identification of opportunity: - The viability of units means the business should identify the market needs. The entrepreneur has to do, but the consumer wants he has to produce according to needs and demands of the consumer. Selection of product on the basis of the market survey: - An entrepreneur has to select the product on the basis of the market survey, An entrepreneur should select the product keeping in view his own ca...