Entrep L2

In business, it is thinking ahead about objectives, strategies, finances, production marketing, profit prospects, and growth possibilities.

• Business planning

• Planning

• Consumer

• Producer

This involves attaining your goals and the way to accomplish these goals.

• Consumer

• Producer

• Business planning

• Planning

As entrepreneur, your objective should fit the needs of the people in your community.

• Planning must be realistic

• Planning must be based on felt needs

• Planning must be flexible

• Planning must start with simple projects.

Planning must be based on available resources—human, financial, and physical resources.

• Planning must be based on felt needs

• Planning must start with simple projects.

• Planning must be flexible.

• Planning must be realistic.

Common to all business organization is the pursuit of profit.

• Organize people and other resources to achieve goals.

• Lead and motivate people toward the goals of the enterprise.

• Establish goals of the enterprise and develop plans to attain these goals.

• Maintain a sufficient control system to ensure that the enterprise is moving well toward its goals.

As an entrepreneur, you must be a good leader and an effective motivator.

• Maintain a sufficient control system to ensure that the enterprise is moving well towards its goals.

• Organize people and other resources to achieve goals.

• Establish goals enterprise and develop plans to attain these goals

• Lead and motivate people toward the goals of enterprises.

This is the lifeblood of the business enterprise.

• Financial capital or funds

• Financial management

• Organization

• Business planning

It is a group of two or more persons who work together to achieve a common set of goals and objectives.

• Business planning

• Production of goods and services

• Organization

• Financial management

It refers to activities that are concerned with securing money and using it wisely.

• Financial capital or funds

• Financial management

• Organization

• Business planning

It is the set of human activities directed at facilitating and consummating exchange between sellers and consumers of goods and service.

• Marketing

• Business planning

• Planning

• Organization