Ethical Issues in Business
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Causes of Business success
A business is considered as being successful if it makes consistent profit and experiences progressive growth in the scale of its operations.
What are the factors that influence entrepreneurship practices?![]()
There are many conditions or factors which may encourage or discourage entrepreneurship. Some of these factors are:
Introduction, Contents and Why you need a Business PlanIntroduction to Business Plan![]()
What is a Business Plan?
Introduction and Factors to consider when evaluating a business opportunityIntroduction to Business Opportunity
A good business plan is not necessarily a business opportunity. A business idea becomes a business opportunity if it is viable i.e. it can be developed into a successful/profitable business enterprise
A business opportunity is a favourable chance that an entrepreneur accepts for investment. It exists where there is a gap to be filled in the needs of the market. Examples of such gaps include;
A business opportunity is a favourable chance that an entrepreneur accepts for investment. It exists where there is a gap to be filled in the needs of the market. Generating Business Ideas and Sources of Business IdeasGenerating Business Ideas
For an entrepreneur, the first step in starting a business begins with an idea (business idea)
Business ideas are all about thoughts on possible businesses an entrepreneur can start or improve. It indicates among other things;
What are the Characteristics of an Entrepreneur?
A good entrepreneur should have the following characteristics;
Importance of entrepreneurship to an economy is as follows:
Meaning of entrepreneurship![]()
This is the process of identifying business opportunities and gathering the necessary resources to start and run a business.
An entrepreneur who identifies business opportunities and gets the necessary resources in order to start and run a business. The entrepreneur therefore creates new businesses or transform the existing ones in the face of risks and uncertainties in order to make profits. An entrepreneur is therefore a business owner; he starts and organizes the business (the factors of production in appropriate combination) |
Business Studies Notes Form 1 - 4![]()
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November 2022
AuthorAtika School Team |