Also I’ve learned about Approaches to Seeking a Business Idea in this chapter. A common problem we hear among new entrepreneurs is that they do not know how to come up with a profitable business idea. As a newcomer in the business world, to enter the market is always a problem because most of the businesses would have been monopolized by experienced entrepreneurs.
The last thing that I’ve learned in chapter 2 is Guidelines in Choosing a Business Idea and Opportunity. In this topic we have 6 guidelines that we should follow as a entrepreneur. First, Data Collection and Research. Second. The entrepreneur should collect as much information as possible pertaining to the business. Preparation of a Complete Business Plan. An entrepreneur should prepare a complete business plan which includes the business mission. Next, Establishment of a Linkage or Network. A potential entrepreneur should develop a linkage or network with other entrepreneurs when he starts his business. After that, Funding. Also, Hiring of a Workforce If Necessary. Workforce is an important asset to succeed in an entrepreneurial business. Then, most importantly is Confidence. In order to initiate a business, an entrepreneur has to have confidence. Last but not least, we should have a Good Time Management. Being in a business is time-consuming.
 I feel it worth it to learned this subject because I think its important for us to know about all this thing because we can use what we’ve learned as a starting to do some business.

0 comments