Darrel U.

Tejerero

BSCA-1101

NARRATIVE REPORT ON ENTREPRENEURSHIP

Marketing the good and services is one of the bsic requirements for a business to be successful
in the industry that it's into. The market is the consumers and customers of the goods and
services provided by an enterprise that occurs in a certain place or event that the product or
service is involved. An enterprise should have prospective target to market their goods and
services, they must have the center of popularity they must be known for such good or service
depending on the nature of the business that is being offered. The entrepreneurs and consumer
communication and understanding is very important because it leads to a better production of
goods pr provision of services for a certain entity.

The production is the process of producing or making the goods and services for human or
animal consumptions. It is a step by step sequence following certain procedures to achieve the
forecasted output after the process. An entrepreneur must always take into considerations the
innovations that may affect the production process that would benefit or hinder the business
enterprise. The operations manager must take concerns and suggestions whether to produce
continuous products or take the demands of the customers regarding a certain product.

In a business enterprise, workers or employees are such a key factor in achieving the
organizational goal- they are the ones who provide and produce the needed products or
services. You must always remember that if you have no workers you also have no business
enterprise, you must always consider the rights of your employees, train them well to fit to the
job assigned, and to mativate them to let them do their best to do the job.

Every business have their own finances and many businesses struggles somehow. There various
ways to raise money that is needed to fumd your business enterprise just like the investments
and share coming from different business owners that takes risk into your business for it to
operate. An effective management is badly needed not just for the production, monitoring but
most especially to the financial aspect of the business. Aside from the workers the money
invested to the business to operate is also a key to have a successful business career, without
the invested amount the operation will not be possible.

When establishing a business venture, you must also consider the government agencies that
your business are related to. There are requirements that the government are issuing to make
sure that you are following the set of conditions, guidelines and policies under certain
departments. Your business must be registered, having the permit to operate and having the
sanitary permit are only examples of the requirements of the government. If you do follow the
steps and procedures, if yoy take into actions every detail, you can achieve the success in your
venture.