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Developing Satisfaction among Customers and Increasing Sales Revenue

   

Added on  2020-01-07

10 Pages2804 Words163 Views
FinanceEntrepreneurshipProfessional Development
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Entrepreneurship
Developing Satisfaction among Customers and Increasing Sales Revenue_1

Table of ContentsEXECUTUIVE SUMMARY..........................................................................................................3ASSESSMENT 2.............................................................................................................................3Meaning of entrepreneurship and skills which business entity must have to implement theideas.............................................................................................................................................3Presenting the vision, mission and objectives of new start-up....................................................4Analyzing both and non-personal methods of sales which can be undertaken for enhancingsales capability.............................................................................................................................5Examining the methods for managing investment capital and cash flows..................................6Giving recommendations for the enhancement of sales capability.............................................7REFERENCES................................................................................................................................9
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EXECUTUIVE SUMMARY Entrepreneurship is the process that is highly associated with the conversion of businessidea into reality. Risk taking and creativity are the major skills which in turn helps businessentity in attaining success in the stiff competitive business situation. The present report is basedon Miles & Co which has started new business related to the offering of catering services. It canbe summarized from the report that by taking into account entrepreneurial theories and practiceMiles & co can make contribution in the attainment of organizational goals. Besides this. It hasbeen articulated that by placing emphasis on promotional aspects company can enhance salescapability to the significant level. ASSESSMENT 2Meaning of entrepreneurship and skills which business entity must have to implement the ideas Entrepreneurship implies for the new business which sole trader starts with the aim toattain high profit margin and success in the highly competitive environment. Hence, whenbusiness entities implement their unique ideas and suggestions then it is termed asentrepreneurship (Drucker, 2014). Moreover, sole trader or business entity takes high level ofrisk in terms of financial, market etc. when planning to start new venture. In other words,entrepreneurship may be defined as willingness and capability of business entity in relation todeveloping, organizing as well as managing the new venture (Kirzner, 2015). Hence, attainmentof higher profit margin is one of the main objectives of entrepreneur in against to the risk takenby him/her. Hence, entrepreneur of Miles & Company has started B2B business and offerscatering services to the customers. Owner of business unit has taken high risk because suchsector is filled up with high level of competition. To become a successful business tycoon individual requires several skills for executingidea in the best possible way. Firstly, business entity must have skills in relation to raising aswell as making proper allocation and management of financial resources. The rationale behindthis, finance is one of the most essential elements of business on which growth and success ofventure is highly dependent (Welter, 2011). Thus, entrepreneur must have ability in relation tomaking use of money. Along with, sole trader also needs to have skills in relation to making
Developing Satisfaction among Customers and Increasing Sales Revenue_3

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