Starting a venture is not an easy task. A series of activities needs to be planned and undertaken to create an enterprise. Discuss them briefly
Answers
Explanation:
The above statement is correct that Starting a venture is not an easy task.
An Entrepreneur has to arrange a number of things before starting a new business. The process starts from the will to start an enterprise, to identifying the opportunity, then looking at the feasibility, arranging finance, manpower etc., which is a long chain of activity and the success of an entrepreneur depends on the degree of innovation and ability to take the risk . so it is not easy to be an entrepreneur.
A series of activities needs to be planned and undertaken to create an enterprise are as follows :
Process of entrepreneurship involves a step by step functioning of an entrepreneur. The flow chart given below describes the process of entrepreneurship :
Step 1 : Self Discovery -
First step is to learn what a person enjoys doing and examining their strengths and weaknesses.
Step 2 : Identifying opportunities -
This step relates to looking for needs ,wants, problems and challenges that are not yet being met or dealt effectively.
Step 3 : Generating and evaluating ideas :
This is concerned with using creativity and past experience to devise new and innovative ways to solve a problem or meet a need.
Step 4 : Planning -
This is the plan place which involves researching and identifying resources needed to turn the idea into a viable venture.
Step 5 : Arranging startup capital -
Next step is to attract new investors , venture capitalists and partners to arrange sufficient funds to start an enterprise.
Step 6 : Start up -
Launching the venture ,developing a customer base and adjusting marketing and operational plans as required.
Step 7 : Growth -
Next process is to make the enterprise growing by adapting to new circumstances.
Step 8 : Harvest -
Last step is to sell the product in the market and earn the revenue to grow further.
Hope this answer will help you….
Answer:
What are Nutrients? Nutrients are molecules in food that all organisms need to make energy, grow, develop, and reproduce. Nutrients are digested and then broken down into basic parts to be used by the organism. There are two main types of nutrients, macronutrients and micronutrients.
Explanation:
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