Updated: 17 May 2015 05:10. By, Melkisedeck Shine.

Stages in the development of a business career

a) Conception:

Scanning for opportunities, idea generation, and innovation/creativity.

b) Start-up:

Scale of business, market validation, resource identification, business planning, negotiating/establishing systems, consolidating gains. At this stage one will also think of different forms of organizing a business, such as sole proprietorship, partnership, Company, NGO etc

c) 1st stage growth:

Establishing the customer base, increasing sales, expanding in current markets, improving product quality, developing management skills.

d) 2nd stage growth:

Strategic thinking, investing in capacity, developing a management team, delegating management responsibility, international awareness.

Not all businesses that are started reach the final stage of growth. One of the reasons is that entrepreneurship tends to be episodic, in the sense that business people are not necessarily entrepreneurial all of the time. Many become satisfied when reaching a safe state of survival or the first stage of growth, especially when, having reached those stages, their businesses are providing a relatively good income

Read more on;

a.gif ENTREPRENEURSHIP THEORIES AND MODELS

Recent studies suggest a multitude of entrepreneurial influences, grounded on a number of theoretical paradigms. As a starting point, entrepreneurial outcomes are viewed as lying along a continuum which separates low and high performances in entrepreneurship, which are then envisioned to be associated with high and low barriers… read more

a.gif Understanding Agribusiness and Entrepreneurship study question

Many people confuse on the difference between agriculture and agribusiness. What is your opinion on that? What are the main factors that brought development in agribusiness in your coutry? (25 marks).. read more

a.gif Basic business skills

Starting up and running a business requires special skills such as careful planning, research risk assessment, commitment and patience… read more

a.gif How to develop ones Enterprising Tendencies?

At some point in an entrepreneurial career a person has to start developing experience and learning actively about what they do best and what they should learn to do better, and the sooner they start learning actively the sooner they start being enterprising… read more

a.gif ENTREPRENEURSHIP THEORIES AND MODELS

Recent studies suggest a multitude of entrepreneurial influences, grounded on a number of theoretical paradigms. As a starting point, entrepreneurial outcomes are viewed as lying along a continuum which separates low and high performances in entrepreneurship, which are then envisioned to be associated with high and low barriers… read more

a.gif Understanding Agribusiness and Entrepreneurship study question

Many people confuse on the difference between agriculture and agribusiness. What is your opinion on that? What are the main factors that brought development in agribusiness in your coutry? (25 marks).. read more

a.gif Basic business skills

Starting up and running a business requires special skills such as careful planning, research risk assessment, commitment and patience… read more

a.gif How to develop ones Enterprising Tendencies?

At some point in an entrepreneurial career a person has to start developing experience and learning actively about what they do best and what they should learn to do better, and the sooner they start learning actively the sooner they start being enterprising… read more

a.gif Interesting facts from beans

I found this interesting …
Before you cook beans you go through a selection process in which all the seemingly bad beans are thrown away so only the good beans remain for cooking.
However, when rain comes, the bad beans you threw away in the backyard become seeds, germinate and grow into beautiful crops, with luscious leaves.
From them come plenty of bean seeds and the very same person who judged and threw them away will pluck the leaves and seeds for a healthy meal.
You may be judged, despised and discarded today, but, who knows, the same people judging you will turn to you in your moment of glory.
Do not curse yourself when the world look down on you. Your rain could be a matter of time. Your germination moment could just be around the corner!.Stay focused on your life goals and give your job the best. The best is yet to come.!.. read more

a.gif Best interesting quotes for today which will change you

1. If you are SINGLE and keep on saying "I DON'T TRUST MEN OR WOMEN!" Remember your mates are getting married every Saturday. Let me ask you, are they marrying spirits? Wise up!.. read more

a.gif I want to be a TV

A Primary School teacher asks her pupils to write an essay on ”What wish do you want from God?" At the end of the day, the teacher collects all the essays given by her pupils. She takes them to her house, sits and starts marking them… read more

a.gif Clear explanation of Planning

Planning means looking ahead and checking out future course of action to be followed. It is a preparatory step. Planning is a detailed programme regarding future course of action. It determines on when, how and who is going to perform a specific task.. read more

a.gif Eating fruit on empty stomach

Cancer patients shouldn't die…. read more

a.gif Business Market Research

β€’ How will people behave regarding a particular topic, habit, activity, decision or business?
β€’ Will my idea work? Can I sell my product or service to make money
β€’ What marketing tools will be most effective?
β€’ How much product or service can I sell?
β€’ Is there a need for more new products or services?.. read more

a.gif ENTREPRENEURSHIP THEORIES AND MODELS

Recent studies suggest a multitude of entrepreneurial influences, grounded on a number of theoretical paradigms. As a starting point, entrepreneurial outcomes are viewed as lying along a continuum which separates low and high performances in entrepreneurship, which are then envisioned to be associated with high and low barriers… read more

a.gif Ways of get money for your business

The primary sources of funds for small business start-ups are personal funds, friends and relatives, NGOs or private investors, banks, government agencies and programs, and venture capital… read more

Other interesting posts;-πŸ™‰