Thursday 11 August 2016

NEW IDEAS AND OPPORTUNITIES:
There are several new ideas for entrepreneur, some of them are :

  • Art and craft business
  • Interior designer
  • Creativity Consultant
and many more. There are so many business ideas
The opportunities for entrepreneur are that through these artifects entrepreneur can get various opportunities for enhancing their business. Through Franchise, you can get a franchise of any company to start a new business.

Wednesday 10 August 2016

ARRANGING FINANCE:
Financing is needed to start a business and ramp it up to profitability. there are several sources of finance considered for starting a business. The financial needs of business varies from type and size of business. There are some sources of finance:

  • EQUITY FINANCING: It means exchanging a portion of ownership of the business for a financial investment.. Equity involves permanent investment by the company and is not repaid by the company.
  • DEBT FINANCING: It means borrowing funds from creditors with the stipulation of repaying those funds back with interest in a specific period of time. For the creditors, the reward for providing debt is the interest they get back with the amount provided.
  • LEASE: It is a method of obtaining the use of assets for the business. It is an agreement between the parties that specifies he rental usage of tangible assets in the business. Lease payments are often due annually. 
  • BUSINESS LOAN: Business loans are very common often companies take loans to start their business, government provides business loans which is paid in a specific period of time with interest to the government. 
  • BOOTSTRAPPING: It is possible to bootstrap your business and there are number of low cost start up opportunities. Many business start up with the ground of $10,000. It is vital for entrepreneur to know the principles that to keep the start ups as low as they can. 

ORGANIZING A BUSINESS:
How to organize a business:

  • Define your Business goals and plans
  • Keep yourself and your employees motivated
  • Plan according to business needs
  • Organize your office items
  • Adhere to your commitments\
  • Keep in touch
  • Use the computer

FRANCHISE:
An authorization granted by government or company to a third party for conducting business under their marks. For eg: providing a broadcasting service or acting as company's agent for the products.
Skills required to run a Franchise:


  • Interpersonal and good communication skills: Running a franchise is not really easy. There is need of communication skills. Being able to communicate to others, clearly and concisely. Interacting with other employees and working with them as team always lead to accomplishment of goals.
  • Committed and diligent: A lot of dedication and perseverance is required so that franchise is not neglected. You need to remain focused till you achieve your goals.
  • Confident management skills: Looking into the management courses will build up your confidence in some areas. Id you are confident enough to manage the franchise then it is made for you.
  • Ability to take advise: If you are new to starting a business, then taking a franchise is perfectly good for you, as you will be able to control the business as there will be some things you must have known about the franchise.
  • Risk Avert: Staring a franchise is good for ones who are new to the competitive market as risks are averted because franchise is to run a business. 




Monday 8 August 2016

There are four things in this course which i found very knowledgeable, and these four things are:

  • Franchise
  • Organising a Business
  • Arranging Finance
  • New ideas and opportunities
These four artifects are very beneficial to run a business.