definition

What is Entrepreneurship? definition, characteristics and skills

By Carlo Castille 3 months ago

Definition: Entrepreneurship refers to the process of creating a new enterprise and bearing any of its risks, with the view of making the profit.

It is an act of seeking investment and production opportunity, developing and managing a business venture, so as to undertake production function, arranging inputs like land, labour, material and capital, introducing new techniques and products, identifying new sources for the enterprise.

model of entrepreneurship

The person who creates a new enterprise and embraces every challenge for its development and operation is known as an entrepreneur. And the undertaking or organisation, typically a startup company, set up by the entrepreneur is called enterprise.

Characteristics of Entrepreneurship

  • Economic Activity: Entrepreneurship is an economic activity, as it involves designing, launching and running a new business enterprises in order to earn the profit, by ensuring best possible use of resources.
  • Creativity and innovation: It involves discovering new ideas and implementing
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Business Plan Definition

By Carlo Castille 3 months ago

What Is a Business Plan?

A business plan is a written document that describes in detail how a business—usually a new one—is going to achieve its goals. A business plan lays out a written plan from a marketing, financial and operational viewpoint.

Business plans are important to allow a company to lay out its goals and attract investment. They are also a way for companies to keep themselves on track going forward.

Although they’re especially useful for new companies, every company should have a business plan. Ideally, a company would revisit the plan periodically to see if goals have been met or have changed and evolved. Sometimes, a new business plan is prepared for an established business that is moving in a new direction.

While it’s a good idea to give as much detail as possible, it’s also important to be sure the plan is concise so the reader will

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definition of business by The Free Dictionary

By Carlo Castille 3 months ago

Noun 1. business – a commercial or industrial enterprise and the people who constitute it; “he bought his brother’s business”; “a small mom-and-pop business”; “a racially integrated business concern”
enterprise – an organization created for business ventures; “a growing enterprise must have a bold leader”
agency – a business that serves other businesses
brokerage – the business of a broker; charges a fee to arrange a contract between two parties
chain – (business) a number of similar establishments (stores or restaurants or banks or hotels or theaters) under one ownership
business firm, firm, house – the members of a business organization that owns or operates one or more establishments; “he worked for a brokerage house”
dealership, franchise – a business established or operated under an authorization to sell or distribute a company’s goods or services in a particular area
partnership – the members of a business venture created by contract
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definition of entrepreneurship by The Free Dictionary

By Carlo Castille 3 months ago

Appropriate policy for building entrepreneurship demanded Speakers at a seminar have urged the government to formulate appropriate policy alongside developing leadership to grow up entrepreneurship to expedite the country’s journey towards middle-income one.
Social Entrepreneurship is deemed to be the most rapidly advancing field in the context of social development, yet still manages to remain an issue without much level of comprehension attached to it in the region of Pakistan.
Every day, the role of women in entrepreneurship and their number grow in the world.
Sunyani Technical University, through its Business/Entrepreneurship Development and External Funding Unit, is setting up a Business and Entrepreneurship Development Center (BEDC), an entrepreneurship hub, with support from Goil Ghana Limited.
In a relevant development in late February, Iran and India sealed a deal to promote bilateral cooperation on entrepreneurship with a special entrepreneurship center to be opened in Tehran.
Whitewater, WI, February 22, 2019 –(PR.com)–
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What is innovation? definition and meaning

By Carlo Castille 3 months ago


Innovation is an Easter Egg Hunt


“Think about innovation as an easter egg hunt. Opportunities are more likely to lie outside the boundaries of where others typically explore, because these areas have been less exhaustively searched already.”


– Tom Murcko


One Perspective on Innovating


“It is difficult to see the picture when you are inside the frame. (stated by John Doerr and Kleiner Perkins)”


– Kleiner Perkins


Startups in 13 Sentences (#4)


“Understand your users. You can envision the wealth created by a startup as a rectangle, where one side is the number of users and the other is how much you improve their lives. The second dimension is the one you have most control over. And indeed, the growth in the first will be driven by how well you do in the second. As in science, the hard part is not

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Consumer finance company financial definition of Consumer finance company

By Carlo Castille 3 months ago

CIT Group Inc., a leading commercial and consumer finance company, provides clients with financing and leasing products and advisory services.
The consumer finance company will be capitalized at around 10 billion yen, 70% put up by Sakura Bank and 10% each by Nippon Life, consumer finance firm Sanyo Shinpan Finance Co.
Santander Consumer is a full-service consumer finance company focused on vehicle finance, third-party servicing and delivering superior service to our more than 2.7 million customers across the full credit spectrum.
TMX Finance LLC, a privately-owned consumer finance company focused primarily on automobile title lending, is aiming to raise USD450m through an institutional private placement of senior secured notes due 2023.
8 August 2017 – UK-based non-standard consumer finance company Non-Standard Finance plc (LSE: NSF) has agreed to acquire UK-based finance company George Banco, the company said.
Nayifat is a leading Islamic consumer finance company in Saudi Arabia providing
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What is leadership? definition and meaning

By Carlo Castille 4 months ago


Same Business, Two Different Leaders


“It’s fascinating how differently the same business can perform with two different leaders. We look first for intellectual honesty. It drives me crazy when you meet with management and there are real issues and they act like they aren’t there. Also important is a contrarian bent, a confidence to go against the prevailing trend. You generally don’t want people who are saying this is what we should do because this is what others are doing. You want people who are spending when others are not, and taking chips off the table when everybody else is putting them on.”


– Jeffrey Ubben


Leading and Motivating by Example


“A leader needs to communicate in a way that makes people feel what they need to do. As a leader of a large group you have to keep in mind that people need to

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Insurance legal definition of insurance

By Carlo Castille 4 months ago

Insurance

A contract whereby, for specified consideration, one party undertakes to compensate the other for a loss relating to a particular subject as a result of the occurrence of designated hazards.

The normal activities of daily life carry the risk of enormous financial loss. Many persons are willing to pay a small amount for protection against certain risks because that protection provides valuable peace of mind. The term insurance describes any measure taken for protection against risks. When insurance takes the form of a contract in an insurance policy, it is subject to requirements in statutes, Administrative Agency regulations, and court decisions.

In an insurance contract, one party, theinsured, pays a specified amount of money, called a premium, to another party, the insurer. The insurer, in turn, agrees to compensate the insured for specific future losses. The losses covered are listed in the contract, and the contract is called a

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Social Entrepreneur Definition

By Carlo Castille 4 months ago

What Is a Social Entrepreneur?

A social entrepreneur is a person who pursues novel applications that have the potential to solve community-based problems. These individuals are willing to take on the risk and effort to create positive changes in society through their initiatives.

Key Takeaways

  • A social entrepreneur is interested in starting a business for greater social good and not just the pursuit of profits.
  • Social entrepreneurs may seek to produce environmentally-friendly products, serve an underserved community, or focus on philanthropic activities.
  • Social entrepreneurship is a growing trend alongside socially responsible (SRI) and ESG investing.

Understanding Social Entrepreneurs

While most entrepreneurs are motivated by the potential to earn a profit, the profit motive does not prevent the ordinary entrepreneur from having a positive impact on society. As Adam Smith explained in The Wealth of Nations (1776), “It is not from the benevolence of the butcher, the brewer, or the baker

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Insurance Claims Definition, Tips and Resources

By Carlo Castille 4 months ago

When you make an insurance claim, you have usually suffered some type of a loss or your property has sustained damage that is caused by one of the named perils insured by your insurance policy. Your insurance policy provides coverage and compensation to you for covered losses or the damages you sustain as a result of the claims process.

Having more insight about the insurance claim, how companies handle insurance claims and the methods by which you can file insurance claims can take the worry and guesswork out of the insurance claim process and empower you to get the money you deserve in a claim settlement.

Insurance Claims Process Overview

Depending on the type of insurance claim you are making, the process will be different. Home insurance and personal property insurance claims will involve meeting with adjusters, getting approvals for estimates, making repairs, or replacing items. Each of these steps

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