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3 years ago

Elements of a sucessful entreptrneu

Business

2 answers:

zlopas [31]3 years ago

5 0

Knowledge Hungry. There are people whose personality predisposes them to running their own business. However, entrepreneurship like most skills is largely learned and perfected over time.
Persistence. The reason many people who’d love to be their own boss end up sticking to their 9-to-5 is because business is tough.
Self-Reliant. Great entrepreneurs are good managers. They know how to marshal the troops, rally them toward a cause and ensure everyone in the team is pulling their weight.
Change-Ready. The business environment is never static. It’s in a constant state of flux with ever changing technologies, regulations, competitors and customer expectations.
Self-Care. When you are an employee, you are part of a team working toward a defined goal. Ergo, you share with others the burden of achieving this goal.

vladimir2022 [97]3 years ago

4 0

Answer:

Get Gritty

Take Risks

Trust yourself

Hire Great Partners

Spend Time

Get Inspired

Explanation:

<h2>Get Gritty</h2>

Grit is perseverance. Grit is the go-get-’em attitude that is expected of entrepreneurs. Grit is the ability to keep working when everyone tells you that you should give up.If you want to be a successful entrepreneur, you have to be gritty.Honestly, without hard work and perseverance, you’re not going anywhere in the entrepreneurial world.

<h2>Take Risks</h2>

Humans are generally risk-averse, but part of being an entrepreneur is recognizing the risks that you should take.Successful entrepreneurs take risks. It’s part of the job.Successful entrepreneurs also know which risks to take and which they shouldn’t. Learn to recognize the risks that will benefit your business and take them.

<h2>Trust Yourself</h2>

If you don’t believe in yourself, who will?Being a successful entrepreneur means that you’ve learned to listen to your intuition and rely on your wisdom when making decisions.Your ability to trust and believe in yourself will show your confidence. People are more likely to follow and trust confident leaders.Trusting in your own skills will also take some of the pain of uncertainty out of being an entrepreneur.When you feel uncertain, remember how much experience and knowledge you have.

<h2>Hire Great Partners</h2>

This one might be a little bit obvious.Successful entrepreneurs aren’t successful within a vacuum. We all have a great team and support network behind us.And hiring great partners don’t just mean someone who can do the job you’re hiring them for.Hire partners who have great character and whom you like and respect.And just as a bonus, you’re more likely to succeed with a partner than you are on your own.

<h2>Spend Time</h2>

Do you think that there’s such a thing as an overnight success? Take a closer look.Upon examination, those people and businesses that became overnight sensations and successes actually worked really hard and long for their achievements.When you think you’ve found an overnight success, check again and examine closely the hours, days, and years that went into their success.Take a look at their life, the things they learned, and how many times they failed.Successful entrepreneurs take the time that’s required to reach success. And many of them have failures along the way.If you think it’s taking too long to find success, give yourself a break.Keep plugging along, putting in the hours, and before long, you’ll be a successful entrepreneur.Just imagine looking back at all the hard work and knowing it paid off. Keep that image in your head to motivate you forward through the long, slogging hours.

<h2>Get Inspired</h2>

Being an entrepreneur is a creative pursuit. As an entrepreneur, you have to make connections, solve problems, and create new things that no one has thought of before.Creators and creatives need to be inspired.Successful entrepreneurs take time for the things that inspire them.Maybe your inspiration comes from being in an art museum, maybe it’s reading books, maybe it’s doodling —whatever it is that inspires you, do it. It’s good for your business.Successful entrepreneurs are inspired. Don’t let that magic slip for too long. Whenever you can, and definitely when you’re feeling burned out, get out there and get inspired.Inspiration is the spark for ideas. Ideas make successful entrepreneurs.

Learn more:

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Mathematics

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Answered by: ms115

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Answer:

$21,770

Explanation:

The computation of cost of goods sold is shown below:-

= (1,950 × $22) + (2,200 × $21) + (1,050 × $23)

= $42,900 + $46,200 + $24,150

= $113,250

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3 years ago

During 2021, its first year of operations, Pave Construction provides services on account of $152,000. By the end of 2021, cash

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Answer:

1. Record the adjusting entry for uncollectible accounts on December 31, 2021.

Dr Bad Debt Expense $ 13.800

Cr Allowance for Uncollectible Accounts $ 13.800

2-a. Record the write-off of accounts receivable in 2022.

Dr Allowance for Uncollectible Accounts $ 12.420

Cr Accounts Receivable $ 12.420

2-b. Calculate the balance of Allowance for Uncollectible Accounts at the end of 2022

Final Balance 2022

Cr Allowance for Uncollectible Accounts $ 1.380

3-a. Assume the same facts as above but assume actual write-offs in 2022 were $18,630. Record the write-off of accounts receivable in 2022.

Dr Allowance for Uncollectible Accounts $ 18.630

Cr Accounts Receivable $ 18.630

3-b. Assume the same facts as above but assume actual write-offs in 2022 were $18,630. Calculate the balance of Allowance for Uncollectible Accounts at the end of 2022

Final Balance 2022

Cr Allowance for Uncollectible Accounts $ 7.176

Explanation:

Initial Balance

Dr Accounts Receivable $ 152.000

Cash collections on these accounts total $106,000

Dr CASH $ 106.000

Cr Accounts Receivable $ 106.000

New Balance

Dr Accounts Receivable $ 46.000

Pave estimates that 30% of the uncollected accounts will be uncollectible.

Dr Bad Debt Expense $ 13.800

Cr Allowance for Uncollectible Accounts $ 13.800

FINAL BALANCE 2021

Dr Accounts Receivable $ 46.000

Cr Allowance for Uncollectible Accounts $ 13.800

In 2022, the company writes off uncollectible accounts of $12,420

Dr Allowance for Uncollectible Accounts $ 12.420

Cr Accounts Receivable $ 12.420

Final Balance 2022

Dr Accounts Receivable $ 33.580

Cr Allowance for Uncollectible Accounts $ 1.380

2-b. Calculate the balance of Allowance for Uncollectible Accounts at the end of 2022

Dr Bad Debt Expense $ 10.074

Cr Allowance for Uncollectible Accounts $ 10.074

a. Assume the same facts as above but assume actual write-offs in 2022 were $18,630.

Record the write-off of accounts receivable in 2022.

Dr Allowance for Uncollectible Accounts $ 18.630

Cr Accounts Receivable $ 18.630

3-b. Assume the same facts as above but assume actual write-offs in 2022 were $18,630.

Calculate the balance of Allowance for Uncollectible Accounts at the end of 2022

Final Balance 2022

Dr Accounts Receivable $ 14.950

Cr Allowance for Uncollectible Accounts $ 7.176

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3 years ago

International trade generally a. decreases jobs. b. reduces competition. c. generates income. d. decreases productivity.

xz_007 [3.2K]

Answer:

c. generates income

Explanation:

International trade for a country refers to exchange of goods and services beyond geographical boundaries. In short international trade refers to the business due to import and export of goods.

For example, one nation might specialize in the production of cocoa while another nation is rich in oil wells or oil reserves. The two nations can trade such resources and eliminate scarcity or abundance.

International trade leads to increased competition in the domestic market since now the producers are compelled to adhere to meet international quality standards for their products.

So, International trade generally c. generates income.

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