This article throws light upon the top six characteristics that makes an remarkable an entrepreneur. The characteristics are: 1. Tasks of an Entrepreneur 2. Planning 3. Business Plan 4. Organising 5. Controlling 6. Managing People in the Small Business. Characteristic # 1. Tasks of an Entrepreneur: Creating and building a successful enterprise requires, above all, effectively managing work, the organisation, [...]
This article throws light upon the three main motives behind selling companies. The motives are: 1. Locating the Right Buyer 2. Secure Acceptable Terms of the Deal 3. Obtaining Satisfactory Autonomy. Motive # 1. Locating the Right Buyer: For entrepreneurs concerned about the company's future, this task involves locating the correct buyer — one whose objectives regarding the acquired firm [...]
This article throws light upon the three special challenges of entrepreneurship. The challenges are: 1. Growth of the Enterprise 2. Entrepreneurial Stress 3. Selling the Company. Challenge # 1. Growth of the Enterprise: With the growth of a business and increase, in its size and complexity, there is need to delegate authority, provide thorough, personalised training to employees and focus [...]