Hendrick Kganyago How a business arises

Hendrick Kganyago How a business arises

A business is any activity, occupation or method that aims to make a profit.


Hendrick Kganyago That is, a business is an economic activity that seeks to obtain profits mainly through the sale or exchange of products or services that satisfy the needs of customers. It can include one or more stages of the production chain such as: extraction of natural resources, manufacture, distribution, storage, sale or resale. 

 

Hendrick Kganyago Business Plan

Hendrick Kganyago Every business project is developed around an idea, which arises as a result of the detection of a business opportunity. The emergence of the idea to create a company varies depending on the circumstances of each person / s. 

There are many factors that can lead a person to lean towards a specific business. In general, the factors that determine the choice of the idea are:

Hendrick Kganyago Business Coach


Hendrick Kganyago Repetition of other people's experiences: it is the reflex effect of new businesses, which occurs frequently in times of economic expansion.


New business opportunities in under-supplied, newly created or high-growth markets
Technical knowledge about specific markets, sectors or businesses.
The experience of the future entrepreneur, who has been a worker or manager of another business and who wants to become independent.
When you have an innovative product that is estimated to be able to generate a market.
When it comes to businesses or activities of little complexity that allow anyone to establish themselves in such activity.

Location: Sudáfrica

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