What entrepreneurial services related to electrical installation and maintenance capable of doing
Answers
Answer:
An entrepreneurial activity is an activity is enterprising human activity with an aim of creating or expanding a market by creating or promoting the products in the market.
Some entrepreneurial activities that are related to electrical installation ans maintenance include the following;
1.Improvement of managerial competence or skills.
These are activities like knowledge,writing communication and planning.
Consumer relationships are also under the managerial skills since they determine whether an entrepreneurial activity will succeed or fail.
2.Accounting skills
This entails keeping of good business records like payroll and deductions,management of profit and losses,local government levies and taxes,obtaining of loans and grants.
Advertising skills and knowledge of importation and exportation regulations also help in improving an entrepreneurial activity.
3.Sales or marketing skills
A good electrical maintenance and installation business will thrive if at all they are good sales ans marketing skills that are being applied.This refers to the ability to venture in a certain business,determine the availability of materials and the strength of the brand in the competitive market.
4.Market competition skills
These skills include skills like;funding of the business capital,knowing how to employ or lay off an employee,being able to determine the salaries and incentives paid to the employees,accessing the equipment or the ,machines required for the business.
Explanation:
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