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"Education is the most powerful weapon which you can use to change the world”
– Nelson Mandela

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Assignment Chapter 4

Assignment Chapter 4

Q 1-page paper So many people want to become their own boss. So they take the steps needed to become an Entrepreneur. Being an entrepreneur isn't just hard, it's really hard. Your days and nights, or more so your entire life, are dedicated to developing a business that you know in advance is highly likely to fail if it is not done properly. One of the biggest failures in a business adventure is planning. The reality is 80 percent of new businesses crash and burn within the first 18 months, according to Bloomberg. I believe that, more often than not, failures come as the result of people not being set up or prepared to leave behind stability for chaos. In this assignment, you will identify ways to properly plan and develop a strong strategy for a business to flourish.

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Planning is the most important thing before starting anything new, whether for business or vacation. A suitable plan should be prepared to take corrective actions without difficulty if necessary in the future. Good planning provides guidance and motivation to achieve goals. There are a few essential points to keep in mind to develop a suitable plan for this. 1. Research: Before starting a business or making any changes to an existing workplace, it is essential to do a lot of research in the relevant field. The study will help you determine exactly what to do and in what area.