ISSN: 2347-3215 Volume 1 Quantity 3 (2013) pp. 71-78
Problems faced simply by new business people
R. S i9000. Kanchana*, T. V. Divya and A. Ansalna Beegom
Kanchana. 3rd there’s r. S, Kanchana Bhavan, Mithirmala. P. Um, (695610) Mithirmala, Trivandrum Kerala, India
A B S T L A C T
A business owner is person who plays significant role in the economic progress a country. Basically an entrepreneur could be regarded as an individual who has the motivation, skill and motivation to build a business or an business of his own and who constantly looks for high achievement. He's a catalyst of interpersonal change and works to get the common very good. He searches for opportunities, identifies them and seizes them mainly for financial gains. A business person is a individual who is able to share and do the urge, skill; motivation and innovative capacity to establish a organization or sector of his own either alone or in cooperation with his friends. His purpose is to make profit through the production or perhaps distribution of socially helpful goods or services. He is enriched with all the inborn characteristics of adventurism, willingness to handle risks, ground breaking urge and creativity and it is eager to generate dynamic changes in the production procedure, introduce innovations and to find out new uses for raw materials. But now there is a lot of challenges encountered by fresh entrepreneurs i actually. e., insufficient patience in solving problems, lack of suffered motivation, Lack of ability to wish and employ subconscious and so forth In addition to this the other problems includes; growing vision and ideas, raising capital, assembling a crew, finding the right position, finding the right personnel, finding very good customers, defeating competition, unexpected challenges and expenses, keeping up with industrial alterations and styles and getting out the business.
Giant freshwater prawn (Macrobrachium
An entrepreneur is an economic innovator who
possesses the ability to acknowledge
introduction of the new product, fresh sources
of supply, new technique of production etc
whom assembled the necessary
resources and organizes all of them into a heading
matter. An entrepreneur is a person who
discovers and assess a new situation in
his environment and directs the making of
such modifications in the economic system as
this individual deems required. He often searches
for change, responds to this and uses it because
an opportunity. Creativity is the certain
tool of entrepreneurs, the means by which in turn
they exploit change since an opportunity for the
different business or assistance.
An entrepreneur is definitely one who sets up,
operates and assumes the risk of a business
venture. The strength of the problem to
promote an entrepreneurship culture too
as to progress new enterprises in a
eco friendly and competitive fashion differs
between countries. Starting a business and
becoming an entrepreneur is usually exciting
is also terrifying. While beginning a new
organization entrepreneurs confront so many
problems; such as instability, stress,
negative mindset, frustrating feelings,
lack of support, thoughts of planning to give
up, growing a business, problems of raw
materials, problems relating to marketing,
out-of-date technology, not enough infrastructural
features, lack of qualified labors etc . In order
to conduct an efficient business a great
challenges. The primary objectives with the
study in order to identify the challenges faced
by the fresh entrepreneurs and analyze the
measures to overcome these people.
particular with regard to access to financing.
All business people will sooner or later feel
obligations that show up on their shoulders.
The common difficulties faced simply by
entrepreneurs happen to be Overestimating Success,
Misplaced Purpose,. Negative Attitude,
Poor Corporation,. Jack of All Trades,
Staff Motivation, Lack of Support.
The earth Bank report...
References: Drucker, P., 1985. Innovation and
Padmanand, V., and Patel, Sixth is v. G. 2004.
Vesper, E., 1982. Encyclopaedia of
Entrepreneurship, Prentice Area.