Enterprise, Business growth and size

Some reasons why many business remain small:

• the type of industry the business operates in

• the market size

• the owner's objective

• government rules and regulations

Causes of business failure are:

• Lack of management skills

• Changes in the business environment

• Poor financial management

• Over-expansion

Ways to measure business size:

• Number of people employed

• Number of product produced

• Number of shareholders

Ways to measure business size:

• Values of profit

• Values of capital employed

• Values of sales

Contents of a business plan:

• The market

• Financial information

• Characteristic of the entrepreneur

• Products and services

Characteristics of successful entrepreneurs:

• Efective communicator

• Obey their manager

• Risk taker

Benefits of being entrepreneur:

• independence

• capital

• may be profitable

• able to make use of personal interests and skills

Disadvantages of being an entrepreneur:

• no knowledge and experience

• opportunity cost

• put own ideas into practice

• business might fail

Governments support for business start-ups:

• training for entrepreneurs

• grants

• apply tax and quota

• set. enterprise zones

Ways to master the knowledge in business

• work on all the assignments

• take notes of important explanation

• study a day before CA and Test

• participate in discussion