2. “The regular production of purchases and sale
of goods undertaken” with an objective of
earning profit and acquiring the satisfaction
of human wants.
----- Stephenson.
“Human activity directed towards producing
or acquiring wealth through buying and
selling of goods”
---- Lewis Henry.
3. The new employee joins firms; both the
business owner and the employee must
make adjustments. The transition
period is the development of a 30-60-
90days business plan while employees
can show their understanding of the
employers needs
4. When most people think of
entrepreneurship, they think of dot com
startups, well funded franchises and
other such complex and expensive
sounding ventures.
The truth is however you don’t have to
have a lot of money or a special skill to
start a business. Easy to execute ideas
that you can use today to start your road
to entrepreneurship
5. The purpose of this section is to provide
venture capitalists with background
information on your company and to
describe the nature and current condition of
your industry
6. Date and state of incorporation
Business purpose and highlights of progress
to date, including major development such as
the introduction of a new product
7. Present your view of the current status and
prospects for the industry
Some principal participants and performing
including growth in sales, profits, and current
market shares
The effect of major economic, social,
technological or regulatory trends
8. The experience, talents and integrity of your
management team are of primary concern to
venture capitalists. To finance your company,
venture capitalists will conduct a through
reference check of each member of your term
accordingly
9. •What the key management role will be
•Who will fill each position
•How the individual talents complement
each other
10. Duties and responsibilities of each
individual.
Weaknesses of the management term.
Each individual compensation and
ownership.
11. BEING YOUR OWN BOSS
As a business owner you are your own boss.
You answer to no one and you make all the
desions you set your own working hours you
Working independently depending upon a
type of business
12. Once your business is established its income
may be highly variable or seasonal you may
have to cover unexpected shortfalls operating a
business entails many details