As a student of BBA imagine you have decided to become entrepreneur. You came up with a great ideas in your business plan to start your own company.
Answer:
a)
Entrepreneur:
An individual who composes and works a business or businesses,taking on more noteworthy than normal fiscal risks so as to do as such
Objective:
Financing :
Examine your space:
The all essential services are must accessible in our chosen place
Legal formalities:
Find your crew:
You are going to require a strong team of individuals around you with the goal that this journey is charming and to assist you with continuing accomplishing your goals.So before beginning the business find a good crew.
Things you have to know before beginning a business are :
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b)
Value chain concept:
A value chain is a lot of activities that a firm working in a particular industry acts so as to deliver an important item or administration for the market
The value chain orders business activities in to two classes : Primary and support
Primary activities
In bound logistics:
Outbound logistics:
Sales and marketing:
Support activities:
Firm framework:
Human resource management:
Innovation :
Buying:
As a student of BBA imagine you have decided to become entrepreneur. You came up with...
As a student of BBA imagine you have decided to become entrepreneur. You came up with a great ideas in your business plan to start your own company. a. Identify the key decisions you need to be a successful entrepreneur and the information you need for the business processes. b. Apply the value chain concept to your business and explain how it would perform the various primary and support activities.
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