Entrepreneurship and Starting Small Business
The Traits of a Successful entrepreneur
- planning
- empathy
- a sense of fairness
- transferable values
- willingness to workhard
- knowing what they don’t know
- listening carefully
- vision for what they can build
The Difference Between an Entrepreneurial Team and a Micropreneur
a micropreneur is someone who starts and manages a very small business. This allows them to lead a balanced lifestyle while pursuing work they’re passionate about. Both micropreneurs and entrepreneurs work on their own terms and enjoy perks like flexible schedules and unlimited income potential. Micropreneurs, however, focus on staying small rather than growing. They don’t invest a ton of money into their operations, hire employees, or purchase formal office space. The typical micropreneur works from home and handles just about every aspect of their business. Unlike entrepreneurs who hire people to help them grow, they rarely delegate or outsource.
The Difference Between Entrepreneur & Intrapreneur
An intrapreneur is an employee of the organization who is paid remuneration according to the success of the business unit, for which he/she is hired or responsible.The primary difference between an entrepreneur and intrapreneur is that the former refers to a person who starts his own business with a new idea or concept, the latter represents an employee who promotes innovation within the limits of the organization.
What a business plan consists of?
A business plan is a written document that details your company’s current position and your plans for future growth. business plan should start with an executive summary explaining the purpose and structure of your company, and outlining what you intend your plan to achieve.
The Place Where Our First Capital just starting up
Venture capitalists, angel investors, and traditional banks are among the sources of startup capital. Many entrepreneurs prefer venture capital because its investors do not expect to be repaid until and unless the company becomes profitable
The Importance to Know Our Customers
now your customers better because only they can help you get more lead and more business. Understanding customers is the key to giving them good service which in turn results into strong customer relationships and new sales through positive word-of-mouth recommendation.
Sources:
https://www.forafinancial.com/blog/small-business/micropreneur/
https://keydifferences.com/difference-between-entrepreneur-and-intrapreneur.html
https://smallbusiness.chron.com/business-plan-consist-of-788.htm
