Entrepreneurship

Being an Entrepreneur is to be objective of creating something novel and useful based on their own ideas and must be different and useful ideas can be related. These ideas could be developing better communications, and other technological advances in the market and building new companies. The main goal is to build a long-term value for the company to attract investment and have opportunities. Concentrate on long-term value and wealth of the company. The entrepreneur to have freedom to make own decision and be own boss. They are motivated by controlling their work and pursuing their dreams with it. Sometimes freedom has set backs like less structural environment need to have more self-discipline to accomplish tasks. Passion and Courage are needed, and the Entrepreneurs need to live and breath their business as need to have full faith in it and the power to push the company in the right direction. The Good Business Plan needs to help the analyze the business to see if it makes sense and how it will be gaining investments and funding for it. It is important to keep the business plan short and direct so it is easier for the Investors to understand and communicate it like your story. The company description it’s the vision and its goals. Market Size- What are the potential audiences that the company will reach. Technology Description- The new technological idea which is being used to for the company. Competition- It is very important to be aware of them and where does the product fit in the market. Sales/Revenue generation explanation of how to generate revenue and make it profitable to run the company. Management- It is important to keep everything balanced and everyone on the same page.