Getting the Most Out of Your Business
Added on 2019-12-04
8 Pages2665 Words411 ViewsType: 411
Leadership ManagementEntrepreneurship
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Entrepreneurship
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TABLE OF CONTENTSINTRODUCTION...........................................................................................................................1TASK 2............................................................................................................................................11. Entrepreneurship and its related skills....................................................................................12. Case Study...............................................................................................................................13. Business Plan for Achieving the sales capabilities.................................................................34. Managing Investment and Cash flow Statement to reduce business risk...............................35. Suggestions for the attainment of sales capabilities................................................................4CONCLUSION................................................................................................................................5REFERENCES................................................................................................................................6
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INTRODUCTIONStarting-up a new business venture is the most crucial and smart decision made by theentrepreneur. As stated above it requires great skills, idea and patience on the part of the ownerto carry out a new unit. The present research report is conducted in the similar context andvarious decisions regarding to carry out the operations in the most efficient way possible. Mainpurpose of this study is to provide learners a better understanding of various decisions made bythe businessman. Readers will get a better insight of various conceptual as well as analyticaltools to apply in different situations (Barringer, 2012). Additionally, a case study has beendeveloped for the new venture which serves as a guide to formulate further business plans. Alongwith that, various suggestions and recommendations have also been proposed in order to managethe cash flow statement and capital investment of the firm. This report also present an idea toincrease the sales capabilities of the firm in order to cope with the several other entities. TASK 21. Entrepreneurship and its related skillsEntrepreneurship is the concept of innovation and launch of brand-new ideas in order tosetup a new business venture. As illustrated before, the said entrepreneur opts to start up arecruitment service centre. Main reason behind choosing the particular service was to provide thesociety with an advanced and quality personnels. The varied entrepreneurial skills required in theparticular business is that identification of the qualified and capable personnels for the businessentity (Kirzner, 2015). Apart from it, one must have the knowledge of how to manage thecompany's fund in the most appropriate manner that yields maximum benefit to the country aswell as the society. Furthermore, it can be said the building a strategy is a various crucial task ofa businessman which needs to be done with utmost care because the all the activities of theorganization will depend on it. Therefore, the entrepreneur must have the relative skills todevelop an appropriate strategy that meets the vision and mission of the business entity. Inaddition to this, success is not an easy task as it requires lots of patience on part of thebusinessman. The entrepreneur must have the capability to survive the downfalls and potential tohandle the varied situations (Drucker, 2014).2. Case StudyFresh Mind Talents is one of the famous recruiting firms in the UK, that has setup itsbusiness in the past few years. It serves extinguishing services to all its clients and provides well1
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