Essay about Business Management : A Small Business

Essay about Business Management : A Small Business

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ASSESSMENT TASK: 1
(A) IMAGINE YOU ARE PLANNING TO START A SMALL BUSINESS IN AUCKLAND. IDENTIFY 5 QUALITIES AND CHARACTERISTICS YOU NEED TO HAVE TO BE SUCCESSFUL ENTREPRENEUR.

ANS :( A)
QUALITIES 1.) ADAPTABILITY: Adaptability means entrepreneur should know that what he actually wants to do because he needs to do many tasks.

2.) PERSISTENCE: Persistence means entrepreneur should have focus on target for success.

3.) WORK ETHIC: Running a small business is very hard that’s why entrepreneur needs to do hard work.

4.) SELF-CONFIDENCE: Entrepreneur needs to be confident because he needs to promote himself.

5.) COMPETITIVENESS: Entrepreneur needs to be competitive as he will face many competitors in market.
6.) TIME MANAGEMENT: Entrepreneur has quality to manage time according to requirements of task because he has to complete task within time limit.
7.) VISION: Entrepreneur has quality for think about future like he is able to make strategies for future according to market situations.
8.) LOGICAL: Entrepreneur needs to be logical because without logical he cannot organize his business properly.

 CHARACTERISTICS: 1.) Entrepreneur needs to plan everything in small business like planning about money and marketing.

2.) Entrepreneur desires to be self promoter.

3.) Entrepreneur cannot waste his time in small business that’s why he tries to grab attention for growing his business.

4.) Entrepreneur has ability to organize his workplace.

5.) Entrepreneur always looks for opportunities for the improvement of business.



(B) NOW YOU NEED TO DISTINGUISH AND IDENTIFY THE QUALITIES AND CHARACTERSISTICS OF 5 SUCESSFUL SMALL BUSINESS ENTREPRENEURS IN NEW ZEALAND.
ANS :( B)
1.) EMMANUEL KOKORIS: COFFEE CLUB
2.) PETER BECK: ROCKET L...


... middle of paper ...


...n too strong.
2. Entrepreneur can’t be everyone’s friend.
3. Clear employee objectives can be best friend of entrepreneur.
4. Create an environment of open communication, where speaking up is ok.
5. Don’t be afraid to ask for help when. entrepreneur need it, which will probably be often.

ABILITY OF CREATE PRODUCT AND/OR SERVICE Focus on what is important for customers. Listen to them during the sale cycle. Make sure to blueprint their needs. Pass this blueprint along to the customer support team so that, post-sale; customers can be confident that we, the business, are invested in helping them become product experts.
LENGTH OF TIME TO DEVELOP PRODUCT AND/OR SERVICE Many aspects of product development are unpredictable: when projects will arrive, what individual tasks they’ll require, and how long it will take workers who’ve never tackled such tasks before to do them

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