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HERE ARE SOME REASONS FOR
STARTING A BUSINESS:
Lost previous job
Redundancy money
Want to be your own boss
Skills to be put to better use
Experience to be put to better use
Good idea
Think you can make a better earning
Desire to make a profit
Lost previous job…read more

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REASONS WHY A BUSINESS MAY
FAIL;
Expected sales low Lack of money for growth
Lower income earned Badly run
Miscalculated costs More competition
Products / services better or
Failed to keep costs under control cheaper elsewhere
Insufficient cash Old technology
Lack of skills and experience The business does not move
Charging wrong price on and reinvent itself
Product not meeting customer needs
Lack of staff members
Too risky…read more

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ENTERPRISE AND ENTREPRENEURS
Enterprise is; The formation of a new business or development of a
new product or service to be introduced to the market.
Entrepreneurs are; A person having generated a new business idea(s)
develops it by setting up a business. Often viewed as someone who is
willing to take risk(s) in setting up a new business.…read more

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PETER JONES RULES / QUALITIES OF AN
ENTREPRENEUR:
Vision, motivation, action, timing, results
orientated, confidence, influence, care,
committed, intuition, perseverance/persistence.…read more

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KYLE MACDONALD
Kyle Macdonald set out on a quest to trade 1 red paperclip for a
house; he set up a website to get publicity and made 16 trades over
one year to get a house. He swapped a paperclip for a pen, for a
doorknob, for a camping stove. A town in America eventually bought
a house and traded it with Kyle to get publicity. The other things that
Kyle swapped included a second hand van, a recording contact, rent
for one year and a paid part in a film which is what Kyle swapped for a
house.…read more

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