REASON WHY PEOPLE DON’T WANT TO ENTER BUSINESS
Lack of Finance
Fear
Comfortability
Lack of Proper Self Image/ Identity
How to identify business opportunity
1. What fires your passion
2. Start small
3. Defies all odds
4. Look out for what you do without getting tired
According to Jeffrey Timmon Entrepreneurship is defined as forming something new or doing an old thing new virtually using nothing,.
Four entrepreneurial routes.
1 entering into a family business
2. opening a franchised
3 starting a new business
4 Buying an existing business
PROCESSES OF ENTREPRENEURSHIP
1. IDENTIFY A NEED
2. SEE OPPORTUNITY
3.SET A GOAL
4.DRAW A BUSINESS PLAN
5.MAKE PLAN FOR YOUR TOOLS
6. START YOUR operation
7. Register your company
8. KNOW YOUR TARGET AUDIENCE
9. LEVERAGE IDEAS AND TECHNOLOGY
2 kings 4; 3-4
Go borrow vessels
Respect people’s privacy
Respect the views and suiggestions of others
Attract investors
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