Question

How is organizational plan useful to an entrepreneur?

Answer 1

Answer:

Every company is created from the push of a person or group of people who decide to undertake. There are people more easily than others to create and be able to lead and maintain a project. The features that most help to undertake are the following:

Motivation: behind every project there isan illusion, motivation or reason that led a person to bet undertake. Therefore, the entrepreneur is usually someone who has the illusion of contributing and creating.

Capacity of leadership: to start an organization from scratch requires leadership to bring a group of people, define the tasks to do each and learn efficiently transmit both the overall objective of the company as the particulars of each.

Perseverance: precipitation can sometimes be a bad counselor.The beginnings are hard and sometimes the results are not what are expected. Equally, you have to have faith in the idea if you really think it is good and do not throw the towel at the first difficulty.

Be transparent: we must be clear before all agents both internal and external to the company to gain the trust of everyone involved more or less directly in the development of the company.For example, for a future investor, provider or supplier it will be fundamental to know the most relevant characteristics of the entrepreneur or the founding team. It is also interesting to detail, if requested, the complementary of the people who form the founding and management team, analyzing the strengths and weaknesses of each of them, both individually and as a team.

Market knowledge: obviously it will not enter into a market which its characteristics, evolution or consumer preferences are unknown.

Have the financial resources or be able to attract whomsoever: starting a business is always a cost . If you do not have enough liquid to cover the initial investment, you have to find the necessary funding, either by looking for partners who also contribute or through more traditional channels such as borrowing from a financial or credit institution.