Entrepreneurship Books for entrepreneurs People als “e en WN pais Entrepreneur \ sb P Qin Gssentiv iWENESS, LEADERSHIP Entrepreneurship is the creation or extraction of value. With this definition, entrepreneurship is viewed as change, generally entailing risk beyond what is normally encountered in starting a business, which may include other values than simply economic ones. WikipediaEntrepreneur characteristics you can develop ¢ Creativity. e Passion. e Motivation. 2 e Product or service knowledge. ¢ Ability to network. ¢ Self-confidence. ¢ Optimism. e Vision.Why is Motivation Important? ... Motivation is also important to those that entrepreneurs work with and interact with. Entrepreneurs need to understand, tap into, and sustain their own motivation for starting a business, but they also need to be able to motivate others to buy into their idea. 21-Feb-2019 3Self Rating — prospective or retrospective rating whereby the rate depends on the experience of the insured. The term implies that the insured's exposure and loss experience is of a large enough size and time period to be statistically credible.Self-assessment can provide insight into students’ true comprehension and can help to identify gaps in students' knowledge. ... In order to assess their own work, students must develop their judgement skills so they can define what is ‘good' or 'bad' about a piece of work. 4 - continueMarket research is an organized effort to gather 5 information about target markets and customers: know about them, starting with who they are. It is a very important component of business strategy and a major factor in maintaining competitiveness. WikipediaA Project Report is a document which provides details on the overall picture of the proposed business. The project report gives an account of the project proposal to ascertain the prospects of the proposed plan/activity. ... It contains data on the basis of which the project has been appraised and found feasible.Break-even analysis tells you how many units of a product must be sold to cover the fixed and variable costs of production. The break- even point is considered a measure of the margin of safety. Break-even analysis is used broadly, from stock and options trading to corporate budgeting for various projects.Working Capital is obtained by subtracting the current liabilities from the current assets. ... Working Capital indicates the liquidity levels of companies for managing day-to-day expenses and covers inventory, cash, accounts payable, accounts receivable and short-term debt that is due. 8Business incubator is an organization that helps startup companies and individual entrepreneurs to develop their businesses by providing a fullscale range of services starting with management training and office space and ending with venture capital financing. Wikipedia 9DIFFERENCE BETWEEN MERGER AND ACQUISITION: | Merging of two organization in to one. It is the mutual decision. Merger is expensive than acquisition(higher legal cost). Through merger shareholders can increase their net worth. It is time consuming and the company has to maintain so much legal issues. Dilution of ownership occurs in merger. 10. Buying one organization by another. It can be friendly takeover or hostile takeover. Acauisition is less expensive than merger. Buyers cannot raise their enough capital. ltis faster and easier transaction. The acquirer does not experience the dilution ownership.