Entrepreneurship and Leadership

 https://www.youtube.com/watch?v=t15N3kdB0lI&t=45s&ab_channel=Edumecate  Geographical Zone    The geographical delimitation of the entrepreneurship is important to know the economic, political, social and cultural characteristics of the territory where the new business will work. These characteristics will help the entrepreneur to define the general strategy and business marketing.   Geographical Delimitations To have knowledge about the geographical zone where the entrepreneur will establish the new business leads to understanding the characteristics of the business environment. These are external conditions of change, driven by technological, economic, social, natural, institutional and political forces. If these forces are studied well, they will provide key information at the moment of decision making.   Territorial Economic Variables:  Whether the market is in the national or international territory, the entrepreneur must be aware of what ...

  https://www.youtube.com/watch?v=8--RT90QEc4&ab_channel=CharlesSturtUniversityLibrary Source of information -         Primary Resources: Gathering of information made by a researcher -         Secondary Resources: Information and data available to the entrepreneur Techniques to gather information -         Survey:  It is the most used, a series of questions given to a group of people to be filled out individually. It can be done in person, by email, by phone and over the internet. They are usually multiple-choice questions. -         Interview:  It implies having a dialogue with a person, making questions to discover the motivation, beliefs, attitudes and the feelings towards a product and a business. For this technique to work, you must establish a good relationship with the interviewee. -       ...

https://www.youtube.com/watch?v=WR2oftI_urg&ab_channel=UNCKenan-FlaglerBusinessSchool  Why is accounting important? o     It’s important that the entrepreneur knows about the financial aspect of the entrepreneurship. The accounting process starts with the documentary support that must be present at the moment of generating a determined financial transaction. This ends with the generation of periodic reports or summaries called balance sheets or financial statements. ·        Running an entrepreneurship o     There needs to be an owner or manager that in the process of decision making and business control, they use the capture, processing, reporting and analysis of data transformed into information. This will allow them to identify signs related to what is happening inside and out of the entrepreneurship. o     Accounting is an administrative tool oriented towards the generation of useful information to k...

  https://www.youtube.com/watch?v=eJK1L6E1uFU&ab_channel=PatNorman   Description of the entrepreneurship and the good or service Purpose of an Entrepreneurship   To fulfill a need not met in the market, this is an opportunity for an entrepreneur.   An effective description process of a product (good or service) is that which, not only worries about the natural characteristics but also puts a lot of emphasis on differentiation. This can help the entrepreneur to take advantage over the weaknesses of the competition.   Creativity and innovation are incorporated to a good or service.             A person that is thinking about creating a product must have creativity (new ideas) that later can be incorporated to the innovation (design) of a good or service.    Differentiation              When a good or service is presented to the...

  It is important to keep account of the transactions registered in the financial accounts of a business. This accounting must be done for two reasons: o     Administrative Formalization : The constant review of the financial accounts will help the entrepreneur to obtain vital information about possible losses, thefts and misuse of the resources that make the business work.  This information also helps with decision-making about the price of the product and to know the gains or losses the business is generating. Within the administrative formalization it’s important that the entrepreneur keeps a cash flow statement, where they register the daily income and cash outflow of the business. Date Description Income Cash outflow 5/12 Payment to flour supplier   $300 5/12 Day sale (bread) $150     o     Legal Formalization : When an entrepreneur responsibly meets the legal requirements when it comes to keeping the financial accounting of th...

  Research Plan Structure The market research plan guides the entrepreneur about the objectives and activities to be carried out, to obtain the data and information that will help them to decide whether or not to start a business. The main elements of a market research plan are: -         Formulation of the problem to investigate o     Before - Whether or not a business idea can have good or bad results in the market o     Is there an unsatisfied need of a good or service that is intended to be produced or commercialized in the target market? o     During – As a product of experiences in the management of the entrepreneurship -         Definition of market research objectives o     From the research question, the next step is to transform it into general and specific objectives o     General objective: To determine the existence or not in ...

 https://www.youtube.com/watch?v=6DzMnA2L_4E&ab_channel=NicoleHamilton  Quantitative Variables  - Variables whose values result from counting or measuring something. Qualitative Variables  - Variables that are not measurement variables. Their values do not result from measuring or counting. Types of Quantitative Variable There are two types of Quantitative Variables: Discrete variable Continuous variable Discrete variable Discrete variables are those that can only take on a certain number of values. This could be something like the numbers 1 through 10, or it could be a set of distinct objects like a deck of cards.  Continuous variable A continuous variable is a variable whose value can change continuously, without having clear limits. Continuous variables are often used in scientific experiments, because they allow for more accurate measurements. For example, if you were measuring the height of a plant, you could use a continuous variable like centimeters. ...