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Starting an organization or business involves several key steps. First, you need to identify a viable business idea and conduct market research to validate it. Next, create a detailed business plan outlining your goals, target audience, and financial projections. Finally, register your business, obtain any necessary licenses or permits, and secure funding if needed, before launching your operations.

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Explain the meaning of entrepreneurship discuss the importance of entrepreneurship to indian economy?

It is the process of starting a business or other organization. Its importance in India is that it boosts the economy since most people have their own businesses.


What are the irrelevance of profit to a business organization?

There is mention of relevance of profit in regard to a business organization, but no mention of irrelevance of profit in business.


Business organization problems in Ghana?

major problems of business organizations


What is the difference between entrepreneur and an intraprenuer?

entrepreneur is starting a business while intraprenuer is developing a new product in an already existing business. An entrepreneur takes substantial risk in being the owner and operator of a business with expectations of financial profit and other rewards that the business may generate. On the contrary, an intrapreneur is an individual employed by an organization for remuneration, which is based on the financial success of the unit he is responsible for. Intrapreneurs share the same traits as entrepreneurs such as conviction, zeal and insight. As the intrapreneur continues to expresses his ideas vigorously, it will reveal the gap between the philosophy of the organization and the employee. If the organization supports him in pursuing his ideas, he succeeds. If not, he is likely to leave the organization and set up his own business. **


What is intrepreneurship?

The correct spelling is entrepreneurship and not entrepreneurship. It refers to the process of identifying and starting a new business venture. Usually it involves the risks that is associated with the venture.

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What elements of the career development planning process involves the assessment of both the employee and the business organization?

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