https://www.youtube.com/watch?v=dbhZSrTdFlU&ab_channel=EduCounting Accounting basic principles To compare two or more companies that are engaged in the same commercial activity, it has been determined that the accounting processes of the financial accounts of a business are performed in a standard way, that means, that the financial reports show the same analysis criteria. This is helpful for when the entrepreneur needs to present financial information to government entities. Accounting formats The development of the accounting process of the financial accounts of a business revolves around an accounting principal universally accepted. This is called a double-entry. Debit: Increases in an account (received money) Credit: Decreases in an account (paid money) Debit and credit of a financial account When we talk about a financial account, it refers to a place with a specific name where we keep records of financial transactions that can increase or...
Entrepreneurial culture https://www.youtube.com/watch?v=pPu2ZKakLuI&ab_channel=EverydayEasyChinese A further important element of an entrepreneurship ecosystem is a healthy entrepreneurial culture. TV programmes such as The Tigers of Money (マネーの虎) in Japan and its many local variations such as Shark Tank in the US, El Mashrou3 ( المشروع) in Egypt, or Dragon’s Den in the UK are emblematic. It is very important to nurture an entrepreneurial culture as it reflects a society that values entrepreneurship. It serves as a beacon of light for new entrants and as an affirmative framework for its stakeholders. Entrepreneurial culture can be fostered through conferences and similar events, TV shows, public recognition, and in many more ways. The key objective is to raise the awareness for entrepreneurship as a career path just like any other profession. In the US entrepreneurial culture is very much at the core of its meritocratic society which is reflected in the popular American Dream...
https://www.youtube.com/watch?v=L0PKWTta7lU&ab_channel=TheSchoolofLife Identifying the problem to solve. Needs Analysis Matrix Knowledge on the specific needs of potential buyers of the good or services is a key strategic requirement that the entrepreneur must pay a lot of attention. For this reason, it is important that in the phase of market research all preventive measures are taken so that, as part of the gathering and analysis of the market supply and demand data, the entrepreneur can know what the market is really asking for. Maslow's Hierarchy of Needs Maslow's hierarchy of needs is a theory by Abraham Maslow, which puts forward that people are motivated by five basic categories of needs: physiological, safety, love, esteem and self-actualization. In order to better understand what motivates human beings, Maslow proposed that human needs can be organized into a hierarchy. This hierarchy ranges from more concrete needs such as food and water to abstract concepts suc...
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