Business, 18.10.2019 16:30, esmeraldatoral0112

Suppose you want to establish a business. describe how you would use any five entrepreneurial qualities to make sure that your business is a success

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The five entrepreneurial qualities that all successful entrepreneurs have are:
1) To have an unwavering passion. You must be passionate about your business. You must be motivated to excel in your business.
2) To be open-minded. You must be open to new ideas and experiences to ensure that you will be able to give the best of your abilities to ensure the success of your business.
3) To have the desire to become an expert. You must become an expert on what you are passionate about. You have to learn all the things you need to learn to make your business successful.
4) To have a forward-looking approach. You must not be content to remain on a certain point in a business. You must always strive to be better; to give better service or product to ensure that your business is not only successful but will also enjoy longevity.
5) To have a constant flow of ideas. You must constantly find ways to innovate your business. You must we aware of the changing times so that you will be able to adjust how your business is operating in order to reach maximum profit.

answered: Guest

Secured loans are protected by collateral security. examples: title loans where the borrower uses the car title as collateral security interest rates are lower and repayments are longer therefore risk is low as a collateral security is given as guarantee to the bank in case of failure to pay the loanunsecured loans are not protected by collateral security but it is given on the creditworthiness of the borrower, trusting that she/he will pay on time. examples; payday loans is a short term loan where the borrower lends money from the bank and pays is back when the borrower receives his/her wages.interest rates are high and repayments are shorter. but the risk is high as no collateral security is given as a guarantee to the bank for payment of the loan

answered: Guest

these are the four factors that influence enterpreneurship development

1. economic development

2. culture

3.technological development

4. education

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Suppose you want to establish a business. describe how you would use any five entrepreneurial qualit...