Developing an Enterprise: Advantages of Knowing How

Enterprise can be another name for business. It can be also defined as a term used to
describe a project or an entrepreneurial venture or a for-profit business. It would also be
considered as a skill of a person to have the eagerness of doing something new. In other
words, it can be the eagerness of a person to do something clever for the benefit and growth
of the venture of the entrepreneurial business. Planning how to run and start a business is part
of developing an enterprise which would be essential in the success of the business.

Nowadays, there are a lot of unexpected happenings such as pandemic that made
businesses struggle to grow and make profit since there are health precautionary measures
that everyone must adhere. Furthermore, trends are changing as time goes by and
competitions are evident especially in times of crisis. With this, developing an enterprise is
one of the things that a business owner or a person who wants to be a business owner should
do in order to help them reach a success to their business ventures.

It is a valuable resource for people who have a business idea and are thinking about
setting up a new business, or for those who already own a business. There are some benefits
or advantages that one can experience if he or she knows how to develop a business
enterprise. First, he/she can have freedom or independence, thus it will be more flexible since
you will be your own boss. Therefore, decisions will be all yourself which will make our
ideas, innovations and knowledge be applied to the process which we think are right and can
help the business to grow more. Also, since we can decide for the business we can be flexible
enough for our time and make sure that we will not miss some events especially important
ones that matter the most. Second, we can attain personal fulfilment within ourselves since
we can be able to show the talents, skills and ideas we have that will be used in the process.
Furthermore, there are times that person who knows how to develop enterprise gained
respect from peers or other people because they have the courage to go out of their own.
Third, through this, job opportunities for other people especially those who really experience
poverty nowadays can be offered. It will help them have income for them to rise up from the
poverty that they experienced. Moreover, to the entrepreneur side or to the one who will
develop the enterprise, they can gain power. Power to instruct the employees on the right
thing to do for the business or to give advices for them to be inspired them to do the same.
However, one must consider using power in a constructive way so that there will be no
problem that may arise because of abusing the use of it. It will be better to use it wisely and
responsibly for the betterment of the both employees and the business image itself.
 In a business, especially to those starting ones, developing an enterprise has
advantages which are helpful for the growth of the business. There is an undying change of
trends in the market, business will completely rely on innovation and creativity. Based on its
meaning, which is to do something new, enterprise can help a business to have something
new to offer to its customers. Thus, it will ensure that the business will have better
relationship to their customers. It will also help the business to make money in order to
provide and improve the product and services it offers to their people or its customers since
the customer is holding to the business being accountable for the core operations of the
business. Moreover, business can be organized as it can bring factors of production such as
land, labor, capital, and entrepreneurship to function all together. Enterprise can also add
convenience, branding, quality, design and unique selling proposition. It can reduce the cost
of running a business. Hence, the budget of the company will be allotted to increase their
capability in providing services or allot investments that can be used to improve the customer
can experience throughout their whole journey with the business or products.

Through knowing how to develop business enterprise can help not just ourselves but
it can have an effect to the economy and community we live in. Enterprise can open doors of
new opportunities to a lot of people as new business venture will strive to its success. Hence,
it will provide new doors of jobs that will make a community to the lifeblood of growth and
thrive. Moreover, people that do not have jobs can have one that will eventually help them to
rise from the poverty they are experiencing right now. All in all, developing an enterprise is a
must and helpful not just for the entrepreneur or the person who will develop the enterprise
but also for the people who can be involved throughout the venture or journey of the
business.