objective to start a business

MGM 3180 Entrepreneurship course had provide us a chance to start up a business. The objectives for us to start new business can be divided into two categories which are financial objectives and non-financial objectives. First and foremost, the main objective we start up a business is to expose ourselves for entrepreneurial experience. We belief that, the applied course knowledge and experiences may exercised our analytical skills, effective communication skills, utilized negotiation skills, work effectively in teams, utilized creative thought processes to solve business issues arises. The experienced new business start-up issues such as writing marketing and business plans, and applying for permissions from related authorities in UPM. We look forward on experienced all aspects of business operations including writing procedures manual and human resource management manual. Through this entrepreneurial experience, we are able to develop entrepreneurial competencies when we are exposed to our future career. The second point to be considered is we do not want our skills being wasted and potential being ploughed under. To illustrate, the products we sell are handmade keychain, handmade pencil box and so forth that required skills like sewing. With this, we are provided a chance to utilize our sewing skills to produce quality products. In addition, the desire to pursue our interest or hobby also considered as the aim of starting a business. We are interest to DIY some creative things during leisure time. We are able to make use our skill that we learned before that on production. Last but not least, most of the business start up begins with one main financial objective and we are not the exception this is due to starting up a business can be a significant source of income for university students like us.