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I.INTRODUCTION:
Establishing and managing a business is a very difficult job for a
beginner. Because there are many responsibilities that you will encounter as an entrepreneur. An entrepreneur is an individual
who establishes and manages for the purpose of profit and growth. An entrepreneur is characterized principally by innovative
behavior and will employ a strategic management practices in a business. There are several characteristics that would make
a successful entrepreneur,the ways in which he uses creativity and innovation in generating business ideas.A good entrepreneur
is taking all risk in business,taking leadership roles, just and objective,see opportunities from obstacles, and a hardworker.It
is better to start in a small business as a beginner. A cheap source of funds is important especially for small business entrepreneurs
who do not have enough capital. Since they are easier to pay back,profit returns can immediately be gained. For example,an
opportunity is taken when an investors offers money,the interest of which is less than what the bank is offering as a loan.
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II.CAPITAL:
To start a business,one needs to know his financial requirements. Financial requirements maybe in a form of fixed-capital,
pre-operating capital,and working capital.
- FIXED CAPITAL-includes cost of land,land improvements,and construction
of building.
- PRE-OPERATING CAPITAL-includes cost of registering the
business, licenses, and other fees related to putting upof a business.
- WORKING CAPITAL-the reserve money needed for daily operations until a
business can already sustain itself.
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| Business is easy when you know how to handle it... |
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BUSINESS NEEDS CAPITALS
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...TRY TO LEARN ABOUT THESE CAPITALS AND START TO BUILD
A BUSINESS...
Business
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