Entrepreneurship activities is geared towards identifying an innovative business idea, to sieze an opportunity, mobilize money and management skills; and take calculated risk to open markets for new products, processes and services.
Brown et all (1997. quoted in Love, 2009) states that, business is all activities of an individuals in producing and distributing goods and services to customers. According to them, an entrepreneur or a business wants to identify the needs , wants,goals, values etc. of the potential and prospective buyer or consumer with a view to developing a product or service that would be tailored to satisfying these needs, wants, goals, values etc. The business of entrepreneur therefore involves the following activities.
PRODUCING GOODS AND SERVICES
Business provides goods and services to the public. In today's business, goods and services are many. Examples of goods and services are: mobile handset, cloth, computer, radio, house etc.Examples of services include education, professional consultancy, serving as travel agency, real estate etc.
ACTIVITIES THAT ADD VALUE TO GOODS AND SERVICES
A lot of activities happen before goods and services get to your door step. A product is not just made in a day and finds its way to the store. There are some activities that are performed by business. They include organizing, managing, producing and marketing.
Brown et all (1997. quoted in Love, 2009) states that, business is all activities of an individuals in producing and distributing goods and services to customers. According to them, an entrepreneur or a business wants to identify the needs , wants,goals, values etc. of the potential and prospective buyer or consumer with a view to developing a product or service that would be tailored to satisfying these needs, wants, goals, values etc. The business of entrepreneur therefore involves the following activities.
PRODUCING GOODS AND SERVICES
Business provides goods and services to the public. In today's business, goods and services are many. Examples of goods and services are: mobile handset, cloth, computer, radio, house etc.Examples of services include education, professional consultancy, serving as travel agency, real estate etc.
ACTIVITIES THAT ADD VALUE TO GOODS AND SERVICES
A lot of activities happen before goods and services get to your door step. A product is not just made in a day and finds its way to the store. There are some activities that are performed by business. They include organizing, managing, producing and marketing.
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