Business enterpise

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  • Business Enterprise
    • What it is
      • A business enterprise is all about seeing an opportunity and taking it.
      • You have a business where you need to find a gap in the market, for example Google was created when the world was in need for a reliable search engine
      • This could also be used as a way to create a business as you could look at the world and see what  needs your business needs to supply
    • Risk Taking
      • Risk taking is needed in a business man as it is impossible to start up business without it. For example investing your own money in is helping your business financially but risking your money.
      • Risk taking is also linked to confidence as
        • Confidence
          • Another characteristic would be confidence. This is because if you don't believe that you can make it then you wont.
          • Tis is also needed as it if you are relying on somebody to invest money in your company, then there is a higher chance of them investing it in someone that believes in themselves
    • Determination
      • Another characteristic of an entrepreneur is being determined. This is needed to be able to see things through
      • This is needed because if your business finds itself in a hard situation then you would need to keep working at it to get past it.
    • Confidence
      • Another characteristic would be confidence. This is because if you don't believe that you can make it then you wont.
      • Tis is also needed as it if you are relying on somebody to invest money in your company, then there is a higher chance of them investing it in someone that believes in themselves
    • Creativity
      • An entrepreneur would have the creative characteristic as they would need to create something good to make it on the market
      • An example of doing this is James Dyson as he created the first ever vacuum cleaner, although the Torrs hotel made it on the market even though they didn't create something original, they just executed it well.

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