Today was mainly focused on business plans and how to define an organization. A business plan has a feasibility analysis to help decide how confident an entrepreneur feels about the product/service, market, industry, and financial data. When defining an organization an entrepreneur needs to be aware of the market. This means that a knowledge of people who would be willing to buy a product/service, be able to purchase resources, and follow regulations permitted by law. Competitor's advantage for entrepreneurship would include quality, price, location, selection, and the speed/turnaround.
I thought that this information I learned today was important. In order for me to one day start an accounting firm I need to know what a business plan is and how to make one. I feel that learning about how to define an organization was important in order to learn about competitive advantage and what types of organizations there are.
Today we decided to be a group singing valentine with gifts of some kind. It should be neat in the end . I can't wait to see how we pull this together and the end product/performance. We need to figure out what gifts go with the singing and what songs to sing.
No comments:
Post a Comment