Write a detailed note on the steps for establishing a good entrepreneurial system
ixth Semester Examination, 2013
Answers
Answer:
1. Do some soul-searching.
"Your startup is an embodiment of your whole and a reflection of your beliefs
2. Pick the right type of business.
You'll have to devote a huge proportion of your waking hours to your business if you want it to succeed.
3. Figure out how much money you'll need.
"A lot of businesses make optimistic financial assumptions before starting their venture,
4. Hire the right people.
So make sure you have the best team you possibly can. Take time over hiring, get to know the people who are going to be working with you, and make sure they are a good fit for you and your company in terms of their outlook, values, and personalities, as well as their actual job skills.
Keep your eye on the future.
Running a successful company is a day-to-day challenge. It can be easy to lose sight of the long term, so make sure you have the time and mental space to think about where both your business and you are headed.
Explanation:
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