Entrepreneurship

A viable business is profitable

These are the extras or the add ons.

Venturing into business, an entrepreneur must look into how it should be funded.

Refers to characteristics or specifications that should be present in product for it to be deemed desirable by costumer

Who’s going to buy?

How can I do better than my competitors?

How do you stand out from others?

Profitability means not losing nor gaining in business.

Capital can be acquired by making loans.

Management must capitalize in the use of new technology as it helps in easing work for employees, speeds up work.

Payback period refers to the allotted time, usually number of years that an investment is recovered

These are mostly the tangible characteristics, features or specifications that a consumer expects to be fulfilled

Is your business seasonal or not?

Do you have a proper financial plan?

How much would you need to finance your new venture?

Viability is the ability of the business to earn a profit

Revenue refers to the total collections from customer payments.

Intangible aspects of purchasing a product that a customer expects to be fulfilled

Where are consumers' mind right now? What are the concerns that affect their spending behavior?

What is left of the business revenue, income or sales after it pays all expense

New products needs customer evaluation.

Happens when there is no profit nor loss after deducting expenses from revenue.

There are the requirements that customers express their desire for, explicitly.

A business shows viability if it does not gain profit

A new product would need customer viewpoint after it‘s launched in the market.

It measures the overall operating results of an entity.

To calculate ROI, the benefit (or return) of an investment is divided by the cost of the investment.

These are the bare minimum requirements expected by the customers

Profit = Revenue or Sales + Expenses

It refers to the people who work for the business and the entrepreneur.

It is a business‘ ability to gain profit from its business activities and investment

Operating Profit = Net Sales – Operating Expense

Customer requirements is the specified product feature the customer wants.

Understanding the need of the customers include guessing what they want.

What is the color of the sun?

In a business sense that ability to survive is ultimately linked to financial performance and position

It must be clearly set by the management in its Mission and Vision as a guiding tool for its plans and programs.