our government and corporations to create more entrepreneurs has showed the importance of growing entrepreneurship in Malaysia economy. In today’s globalized worlds‚ with a twist of creativity in entrepreneurial sector it will contribute significantly to its prosperity. To be a successful entrepreneurs‚ it should spot rich opportunities swiftly and make benefit from it. In Peter Drucker book Innovation and Entrepreneurship stated that: “Entrepreneurs see change as the norm and as healthy. He or she
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Challenges of the Entrepreneurs Starting A common denominator for all entrepreneurs is the challenge of starting a business‚ be it through inventing something‚ looking for a new idea within a business‚ finding the right opportunity to break into a business‚ or buying into a franchise. And all of these takes planning — organizing all the aspects so that you reach your goal. Capital/Funds This is by far the greatest of all challenges facing entrepreneurs. Most entrepreneurs go into business with
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resources and taking both risks and rewards associated with the venture. Entrepreneur is a person who is able to exploit an opportunity or who has a bright business idea‚ organizes it‚ puts it into action though a business venture‚ and is prepared to take financial risks. All entrepreneurs are very different from each other. They all have a different entrepreneur mindset that contributes to their success. Their entrepreneur mindset might have to do with their personality or even in the field which
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It is due to lack of awareness of entrepreneurship that how much it is important for our country. How it can help in improving economy of Pakistan. Many international surveys rank Pakistan was one of the most corrupt countries in the world. Entrepreneurs are cautioned. Although it has strong potential to be an entrepreneur’s efforts to become wealthy over might‚ without having to move up to the ladder gradually this overconfidence and lack of understanding for the proper business techniques causes
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What is an Entrepreneur? Debated for many years‚ this vital question to the study of entrepreneurship continues to be criticised and analysed by some of the worlds leading researchers. The term entrepreneur comes from the French word entreprendre‚ which means to under take or to go between. Entrepreneurship did not really emerge into the UK until the Thatcher years (1970s) after the de-regulation of many of the country ’s companies including gas‚ electricity‚ water and the railways. It was almost
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WOMEN ENTREPRENEURS Concept An enterprise owned and controlled by women having a minimum financial interest of 51percent of the capital and giving at least 51 percent of the employment generated by the enterprise to women - Government of India A woman entrepreneur can be defined as a confident‚ innovative and creative woman capable of achieving self economic independence individually or in collaboration‚ generates employment opportunities for others through initiating‚ establishing and
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Jagdeep Singh& Poonam Arora Lecturer‚ B.G.I.E.T &B.G.I.M.T.‚ Sangrur INTRODUCTION: - “Women” as Entrepreneurs in India: “You can tell the condition of a nation by looking at the status of its women” - Jawaharlal Nehru. Till the turn of the century‚ man has enjoyed a dominant position. But as technology speeds up lives in the new millennium‚ Women Entrepreneurs has come up with challenging role to meet her personal needs and become economically independent.The challenges and opportunities
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Walton was born on March 29‚ 1918 to Thomas Gibson and Nancy Lee Walton near Kingfisher‚ Oklahoma. In Oklahoma‚ he lived and worked on his family’s farm. He grew up during the depression and knew the meaning of hard work and dedication. He started selling magazine subscriptions by the age of only eight years old to help with money because it was lacking on the farm making it hard to feed their family. The Walton’s decided that the farm was not profitable enough to raise a family on. So‚ Sam and his
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and selling. Training programmes‚ enterprise development and the current thrust for competitiveness have now given high priority to promoting marketing awareness among small business owners‚ and marketing is now assuming its rightful place along with other business functions. Since early 1990s there has been a change in the thinking of businessman from product orientation to consumer orientation. Modern business concerns lay emphasis on ‘selling satisfaction’ and not merely on selling products
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Selling Theory 1. “AIDAS” Theory: Where A stands for Attention I stand for Interest D stand for Desire A stand for Action S stand for Satisfaction 2. Right set of circumstances: This theory is similar to that of situation response theory. I.e. salesperson must secure attention‚ gain interest‚ present and get desired response. It depends upon the skills the salesperson utilizes to a set of circumstances for predictable response. Sales personnel try to apply this theory; although they
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