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Mike Smith
Mike SmithKnowledge Seeker
Asked: September 16, 2023In:

Everyone want to establish business someday, but not majority of people today run and manage good and reputable businesses. The fact that the business is established in large-scale does not necessarily mean that such business will flourish, inasmuch as a ...Read more

Everyone want to establish business someday, but not majority of people today run and manage good and reputable businesses. The fact that the business is established in large-scale does not necessarily mean that such business will flourish, inasmuch as a large scale business establishment may yield positive results, it is not a main feature of business considered to be positive. A small business that makes sense everyday comfortably can stand the chance to be pronounce positive than a large business who find it hard to reach customers. Anyways what are you guys thought on this?

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business establishmentreputable business
Mike Smith
Mike SmithKnowledge Seeker
Asked: September 16, 2023In:

This question is absolutely important because majority of individuals want to be foreign investors by establishing business in a foreign land far from their own homeland, I do not know whether this is a good idea because I believe that ...Read more

This question is absolutely important because majority of individuals want to be foreign investors by establishing business in a foreign land far from their own homeland, I do not know whether this is a good idea because I believe that there are some certain challenges and difficulties associated with this. For example establishing a business in a foreign land can make such individuals business to be subject to prejudice, discrimination, bias, and tribal issues. Language difference can also posed to be a problem in most cases. It is understandable that one of the reason why an individual may want to establish business in a foreign land is that such land have potential for growing business or possibly the business idea in which he or she has in mind cannot flourish in his or her own homeland, however considering to establish the business in a foreign land can be a good idea. What do you guys think?

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business establishmentsdoing business
Mike Smith
Mike SmithKnowledge Seeker
Asked: September 16, 2023In:

Every sector of an economy usually have challenges and problems that is been associated with it, the business sector is not left out but what constitutes some certain challenges and issues that every individual intending to establish business someday must ...Read more

Every sector of an economy usually have challenges and problems that is been associated with it, the business sector is not left out but what constitutes some certain challenges and issues that every individual intending to establish business someday must know and must understand how to tackle. Personally I believe that capital insufficiency is a good example of problem associated in the business sector, anyways what do you guys think?

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business environmentbusiness sector
Mike Smith
Mike SmithKnowledge Seeker
Asked: September 15, 2023In:

How many businesses engage in various fraudulent and totally an advice activities in order to make wealth from their customers and clients. Sometimes they even mis-advise their customers and clients on certain products so as to get such products sold ...Read more

How many businesses engage in various fraudulent and totally an advice activities in order to make wealth from their customers and clients. Sometimes they even mis-advise their customers and clients on certain products so as to get such products sold to earn revenue. This is indeed a bad habit, a business is expected to have the interests of his or her customers and clients at heart. And almost every activities the business does must be of the interest and benefits of members of the public. Anyways what do you guys have to add?

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business establishmentbusiness operations
  1. spencer
    spencer Enlightened Mentor

    Many business are just a front to defraud other customers and just take their money without offering anything in return as a value or otherwise, it is important to pay attention to such business and avoid patronizing them. If a business wants to succeed it shouldn't take part in such atrocious habitRead more

    Many business are just a front to defraud other customers and just take their money without offering anything in return as a value or otherwise, it is important to pay attention to such business and avoid patronizing them.

    If a business wants to succeed it shouldn’t take part in such atrocious habits and should always strive to improve the experience of the customer.

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Mike Smith
Mike SmithKnowledge Seeker
Asked: September 15, 2023In:

I keep hearing people saying that to become an entrepreneur you have to be qualified. Please I want to know, dose qualification have anything to do with enterpreneurship or being a good entrepreneur?

I keep hearing people saying that to become an entrepreneur you have to be qualified. Please I want to know, dose qualification have anything to do with enterpreneurship or being a good entrepreneur?

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entrepreneurqualification
  1. Augusta
    Augusta Enlightened Mentor

    To be a good entrepreneur you need to know about Saving which  is allocating funds from your profit for needs shortly without spending it immediately. It serves as a safety cushion for unforeseen expenses that arise in the future in your business Another is that you should do good Investments whichRead more

    To be a good entrepreneur you need to know about Saving which  is allocating funds from your profit for needs shortly without spending it immediately. It serves as a safety cushion for unforeseen expenses that arise in the future in your business

    Another is that you should do good Investments which is about allocating funds to assets that yield returns or income over time and have a risk component.

    in business we need to have the knowledge of Both savings and investments as there  serve different purposes: savings are typically for short-term security, while investments focus on long-term growth. By combining these two strategies, you can secure your business present needs and prepare for future goals.

     

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Mike Smith
Mike SmithKnowledge Seeker
Asked: September 15, 2023In:

Personally I am aspiring to become an enterpreneur one day, I want to go into business and I want to see my business grow and develop. How would you advise me?

Personally I am aspiring to become an enterpreneur one day, I want to go into business and I want to see my business grow and develop. How would you advise me?

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business establishmententrapreneurship
  1. Mika
    Mika Expert Mind

    Becoming an entrepreneur is not an easy job. You need money to start your venture, you need knowledge and skills to create business, run a business, and manage the business, you need a great team to help you with your business, and there are a lot of things involved in running a business. So, as anRead more

    Becoming an entrepreneur is not an easy job. You need money to start your venture, you need knowledge and skills to create business, run a business, and manage the business, you need a great team to help you with your business, and there are a lot of things involved in running a business. So, as an entrepreneur, you will have to take care of so many things to become successful. Before you create your business you need to work for someone else to build experience.

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Mike Smith
Mike SmithKnowledge Seeker
Asked: September 15, 2023In:

There are so many things to be inspired about in this world ranging from human beings do non living things. In the business sector, there is absolutely nothing wrong to have a role model in which you will want to ...Read more

There are so many things to be inspired about in this world ranging from human beings do non living things. In the business sector, there is absolutely nothing wrong to have a role model in which you will want to manage your business just the same way he or she manage his or hers. Such individual could be popular. If you have any who are they?

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business inspirationenterprise
Mike Smith
Mike SmithKnowledge Seeker
Asked: September 15, 2023In:

Business owners are expected to possess some sort of threat in which they must have to apply in their business important to adapt to the changing situation and the business organisation. One of these personality traits that I can think ...Read more

Business owners are expected to possess some sort of threat in which they must have to apply in their business important to adapt to the changing situation and the business organisation. One of these personality traits that I can think of is there quality of observation. If a business owner is quick to observe and never ignore even the most smallest and ignorable slightest change in his or her business, the business itself would never faced any downfall, anyways what do you guys think?

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businessentrepreneurs habit
  1. eldavis
    eldavis Enlightened Mentor Graphic designer

    One very important personality trait every business owner should have is the ability to be calm. When running a business, the wrong decision can greatly affect the business, and even end it if proper care is not taken. The ability to stay calm even during difficult situations, or when under pressureRead more

    One very important personality trait every business owner should have is the ability to be calm. When running a business, the wrong decision can greatly affect the business, and even end it if proper care is not taken. The ability to stay calm even during difficult situations, or when under pressure helps you make collective decisions. Then again, another important personality trait the ability to communicate. 

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Mike Smith
Mike SmithKnowledge Seeker
Asked: September 15, 2023In:

A small scale business owner does not have the amount of surrounding controllable factors that a large-scale business owner have. Such individuals who own small business my face various challenges. What do you think are the ways that I can ...Read more

A small scale business owner does not have the amount of surrounding controllable factors that a large-scale business owner have. Such individuals who own small business my face various challenges. What do you think are the ways that I can succeed as a small-scale business owner?

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business managementbusiness ownership
  1. Augusta
    Augusta Enlightened Mentor

    As a small business owner you need to build strong relationships with customers and suppliers, and developing a clear vision and strategy for your business to succeed. They are also crucial to  Build relationships. Engage with customers regularly on social media and through other channels to captureRead more

    As a small business owner you need to build strong relationships with customers and suppliers, and developing a clear vision and strategy for your business to succeed. They are also crucial to  Build relationships.

    Engage with customers regularly on social media and through other channels to capture more of them to run the business effectively.

    Be prepared to adapt to change and embrace challenges as part of the entrepreneurial journey.  Go above and beyond to meet customer needs and build loyalty.

    .

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Mike Smith
Mike SmithKnowledge Seeker
Asked: September 15, 2023In:

I have heard a lot of people who own business saying that they can cajole and deal with their customers and clients, they obviously say that it is easy to even do so. To some extent I doubt this because ...Read more

I have heard a lot of people who own business saying that they can cajole and deal with their customers and clients, they obviously say that it is easy to even do so. To some extent I doubt this because inasmuch as a business is trying to better the benefit of the public, not every customer and client you like the services performed by most businesses. Anyways what do you guys think?

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customer satisfactiondealing with customers
  1. aboy01
    aboy01 Trusted Adviser Digital Entrepreneur | Knowledge Sharer | Smart Income Mentor

    Interacting with customers can be challenging at times, despite what some business owners claim. Each customer comes with their own set of expectations, attitudes, and preferences. Some may be content right away, while others might raise concerns or need extra care. Providing excellent customer servRead more

    Interacting with customers can be challenging at times, despite what some business owners claim. Each customer comes with their own set of expectations, attitudes, and preferences. Some may be content right away, while others might raise concerns or need extra care. Providing excellent customer service calls for patience, good communication, and a knack for grasping what customers truly want. Companies that pay attention, reply courteously, and tackle issues efficiently tend to foster stronger customer loyalty.

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