Day: October 20, 2020

A business opportunity is an outlet through which the entrepreneur expresses his new found knowledge or skill. It’s a chance that an entrepreneurs utilizes after a thorough research through which he can manifest his ideas. There are many types of Read More …

Entrepreneurs play a vital role in today’s economy. This is not withstanding the hurdles mentioned in the previous section. Most of them get through the tough times and their businesses become success stories. The success or failure of a growing Read More …

The challenges that entrepreneurs face may be looked at from five categories; a ) External Factors Some events in the economy of a country may well be beyond the control of the entrepreneur. The cycles could adversely affect his business, Read More …

There are important traits that if an entrepreneur has and strives to acquire, will make him more successful in his business. These can be grouped into three categories; Personal traits Technical traits Business Management traits Personal Traits Being open minded. Read More …

There are several categories in which entrepreneurs can be classified: Adviser: Some entrepreneurs perform an advisory role and are paid for giving such advice. This is similar to the role played by lawyers, accountants, and financial advisers. Administrator/Organizer: These are Read More …

Self employment is a concept that has arisen as a result of entrepreneurship. The process of entrepreneurship eventually brings self employment to the fore. The entrepreneur becomes self employed when he begins to derive his livelihood from his business venture. Read More …

Communication is a process in which information is shared and exchanged. It is a two-way interaction in which the entrepreneur, and whoever is being interacted with, is active participants in the attempt to solve a problem through the use of Read More …

Communication is the process of exchanging ideas amongst two or more persons. Communication achieves its objective when the parties involved understand each other. Communication can also be defined as giving, receiving or exchanging information, opinions or ideas by writing, speech Read More …

Any given economy needs both the government and the private sector to grow. The needs of the country cannot be feasibly catered for by the state on its own. Individuals also need to establish themselves as key components in any Read More …