The Nature and Importance of Entrepreneurship (Lesson 02)
Introduction
Hellohope so all will be oky today am participate of contest this is organized by @hamzayousafzai ..so start the contest am from Pakistan but now live in Bulgaria affter geting married. In Pakistan to the culture amazing on impact entrepreneurship.the familys and comunities offten inspire to the new businesses by offering emotional and finanncial supportes. whenever to the cultural on the values can sometimes to the favour securing on the jobs over on the taking risky. thankfully on this is changing to the especially among young people in cities like on the Karachi and Lahore on who are now embrasing startup & inovation.
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Culture importantlly result the want to start a new progress. In Pakistan to the family and community suports are necesary repeatedlly encourages entrepreneurship by given emotionally and finanncial approval. anyway traditional cultural values order fixed secure jobs over risky begin which can discourage posible entrepreneurs. for all this, the entrepreneurial country in Pakistan is changing. More young people are embrasing start upss esspecially in major citiess like Karachi and Lahore to as traditional attitudes shift towards appraise inovation and entrepreneusrship. This change is further feed incite exposuress to globall busines modelss and the rise of women entrepreneures.
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Gazelless
This is the high growths business that quicklly increasing to their proceds and emplloyment.
Lifestyle hard
A business that issue a suficient incomess for the owner and allowes them to enjoy a separates to the lifestyle to without obsesing on high growthes.
Government as Inovator
When the governments playing to a role in promotings or right engagging in inovation through policiess fundings to or researching.
Ordinary Inovation
This is the step by the step improvementes or modificationes to exissting products to the servicess or procesess.
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Conduct Market Research
The understand to the request and the competition.
Develop a Business Plan
The outline goalls and the stretagies.
Consider Local Culture
position with cultural preferences.
Ensure Legal Compliance
The register to the business and get necesary certificats.
Secure Funding
This is the personally on the saves to or seek on the loans.
Create a Marketing Plan
This is the target of the locally to the customeres efectively.
Test the Market
This is the begin on a small plate and adjust as needed.
Thank you very much for sharing your high-quality post in our Steem Entrepreneurs Community. We always strive to endorse and promote excellent content within our community. We sincerely hope that your contributions will persist in inspiring and fortifying the entrepreneurial spirit among our members.
Kind regards:Steem Entrepreneurs Team
MOD Review:
thank you feedback
Your content is good and you have highlighted the main points starting a business, moreover your summary is also highlights the business in Pakistan.
In Pakistan Lahore and Karachi are the main markets for business, in punjab there are more cities producing businesses; Sialkot, Multan, Gujranwala and Faisalabad(famous for cloth market).
Government should also provide huge capital and market spaces in other provinces as well.
Own business startup; you mentioned collecting knowledge of legal business, culture and product market, which are very necessary.
Best of luck for the contest.
thank you soo much