University:
California State University, Northridge
Course:
ENT 101 | Exploring Entrepreneurship
Academic year:

2023
Views:

623

Pages:

2
Author:

Mahmoud M.

Entrepreneurship notes Business leaders seek out ideas for business growth and development and bring them to life. Entrepreneurship is one of the most important factors in the economic development of a country. As a creator, the entrepreneur gives the business justification in his decision to do business. Plays an important role in the development of the country's economy as well as in the development of agriculture and services. The fundamental role that entrepreneurs play in the economic development of the economy is discussed in as follows: Facilitating capital formation: Entrepreneurs encourage capital formation by creating public savings. They used their own and borrowed money to start their business. This job type leads to added value and value creation, which is very important for the country job and the job. Mass Employment Creation: Entrepreneurs provide instant mass employment for the unemployed, which is a long-term problem in underdeveloped countries. As more and more entrepreneurs are created, jobs, large and small, are created for others. At the same time, 4,444 of these companies were created and direct and indirect employment was provided to many businesses. In this way, entrepreneurs play a major role in reducing the unemployment problem in countries, thus paving the way for the development of the country. Wealth Creation and Distribution: Benefits more than people and geographical regions by contributing to the equal distribution of wealth and income in the country, thus benefiting the power of different segments of society. The market also leads to more work and more profits in the business. GNP and per capita income growth: Entrepreneurs are constantly looking for opportunities. It explores and implements opportunities, promotes capital resources and skills, introduces new products and services, creates job opportunities for business growth. In this way, they contribute to GNP and the income of the people of the country. An increase in the gross domestic product and per capita income of a country's people is an indicator of economic growth. Learning how to do business is important because: Learn everything you need to run the business. Identify logistics and other business problems and solutions. Develop a business plan to convince banks or investors that your business is worth as an investment. Serve as a solid foundation for developing business plans. The Business Operations Course evaluates the following areas: Business Operations: What products or services will be provided and how they will be delivered. Market Potential: job description, current market, future market prospects potential, competition, sales forecast, buyers etc. Technical Feasibility: Specify how you will deliver the product or service (e.g. materials, labor, shipping, location of your business, technology needs, etc.). Financial capacity: How much startup capital is required for the project, resources, return on investment, etc. Successful Organizations: Check the legal and organizational structure of the business (which may include information about the founders' past work and what they can add to the business).