I need some help making a mnemonic for business studies. It has to do with the characteristics and skills of an entrepreneur. Heres the words:
1.
Confident
Realistic
Flexible
Risk-taker
Decisive
Energetic
Innovative/Creative
Motivated
Resilient
Future Focused
2.
Identifying opportunities
Innovation
Realistic Risk Assessment
Planning
Goal setting
Prioritising
Time Management
Self Management/Inner Control
Decision Making
Human Relations
Timing
I work for a small busines that deals with some customers in ways I’ve never seen before. You know the customer type (or maybe you don’t) that is a true liability. They are going to be more hassle than they’re worth. Even if they don’t steal as much time or money from the business as they’ve spent, they’ll make doing business unpleasant for managers and employees. I see a lot of entrepreneurs say that there are no difficult customers, just opportunities not seen yet. At the business that I work for now, we end the relationship clearly and quickly. The bad customer usually backpeddles, and is very offended when we don’t back down from asking them to leave. What are your thoughts?
I know at that point it’s too early for a non-disclosure contract, but is there something else entrepreneurs use/do to reduce the risk of someone they pitch their idea to running off and developing it themselves? Any input appreciated.
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1. what are economic resources? what categories do economists use to classify them? why are resources also called factors of production? explain:”if resources were unlimited and freely available, there would be no subject called economics.”
2. why isnt money considered a capital resource in economics? why is entrepreneurial ability considered a category of economic resource. distinct from labor? what are the major functions of the entrepreneur?
Does it seem like everyone and everything is vying for your attention all at once? It can be hard for solo entrepreneurs to know what to do first, let alone try to find the time to get caught up. Here are some time management tips that will help you to stay on top of it all:
I am looking to start a small business selling animal food. ie, dog, cat, horse, and vitamins and supplements for them. I live in a small town, and if your dog only eats Alpo or Kibbles n Bits then your all set. But say you want ID or Science Diet, you have to drive to the next biggest town which is at least 30 minutes away. So it is a great opportunity where I am located. I understand getting a business loan, and have a place to lease all picked out. But what are the extras that are needed? Thank you for any and all advice/help.
