Most of the new businesses fail. But the thought of failing should not haunt you. In fact, it should encourage them to try even harder for the next time. When it comes to starting a new business, there are a lot of ambiguities that come along the way. You must take calculated risks to grow […]
Entrepreneurs are the champions of today’s world. They invent products that make our lives easier and better, create employments, and encourage us to keep an eye on our dreams. Here are some traits of being an entrepreneur. Talent to manage money. Very basic, if you can’t manage your earnings, you can’t manage a trade. You […]
As an entrepreneur, you set your own business hours and your own deadlines, giving you the perfect opportunity to structure your time so that you can fit in an online study program. Obtaining a degree will give you skills that you could use to grow your business, or it could lead you off into an […]
This is a guest post by Zanos. He provides a Guide To A Successful Entrepreneur
Knowing The Meaning and Scope of an Enterprise
In order to ensure that his ideas materialize and in the bid to sustain them, the entrepreneur creates an enterprise utilizing the economic and human resources available to him, and controls their realization. In its wider sense, an enterprise is any identified idea that is translated into a planned and satisfactorily implemented activity. In its narrower sense, it refers to a business venture or undertaking, Practically all projects and undertakings can be referred to as enterprises if the five steps mentioned in the definition are followed, i.e. idea identification, planning, implementation, successful completion of an activity and accepting the reward.
You become an enterprising man or woman if you are consistent in systematically following the above process whenever you are involved in dealing with issues in your life. By understanding the enterprise concept in the above context, you appreciate that most people have the potential to be enterprising, and that even you can realize your own business enterprise. The difference between enterprising men and women who are .able to deal positively with the challenges and problems they face in their daily lives and those who are unable to do so is to be found in the approaches and attitudes they have when addressing issues and solving problems.