This book provides a practical guide to would be Entrepreneur. It teaches the readers how to become an entrepreneur and the tasks involved in entrepreneurship.
The first two chapters of the book start with the concept of entrepreneurial development in the developing society and the various policies of government towards entrepreneurial development.
You can become an entrepreneur is the thesis of chapter 3; And that anybody can become an entrepreneur since what it takes to be a successful entrepreneur is creativity.
Thus, in chapter 4 it is lucidly explained how and why the students from humanities and creative arts are candidates for successful entrepreneurial activities as entrepreneurship is about creativity and these students are trained to have creative abilities and to engage in creative thinking.
How to discover business opportunities is the subject for discussion in chapter 5 while chapter 6 takes the reader through the procedures for business registration.
Selecting appropriate legal structure and operating within legal framework for safety, growth and stability of a business by an entrepreneur are two issues considered in chapters 7 and 8.
Financing options available for choice by an entrepreneur are critically examined in chapter 9.
The need to employ people and the procedure to follow to get the best people for the various positions in the business are discussed in chapter 10.
Establishing effective cost system, consisting of techniques and methods for the use of business by an entrepreneur form the focus of chapter 11.
How to market the products and services of an entrepreneur by developing appropriate marketing strategy, marketing mix, market niche and market management are the interests of chapter 12.
The need for good accounting system, how to design accounting system, develop account books, procedure for keeping accounting records and preparing simple financial statements such as income statement and balance sheet by an entrepreneur are presented in Chapters 13 and 14 consecutively.
Budgeting for control purpose is the subject of chapter 15 while the need for an entrepreneur to understand tax administration and management particularly how tax liability can be computed for a business is considered in chapter 16.
The need for an entrepreneur to safeguard the business for safety, survival and growth by protecting its assets through insurance schemes and policies is presented in chapter 17. How to maintain good ethical conducts in business and shun unethical and sharp practices in business is the interest of chapter 18.
The need for every entrepreneur to have a mastery of the use of computer to handle every facet of the business for quick results is the focus of chapter 19, while chapter 20 attempts to acquaint the entrepreneur with the impact of business operations on the environment and the need to imbibe such consciousness in all entrepreneurial pursuits.
In Chapter 21, the emphasis is on the social responsibilities of organizations to societal welfare.
Chapter 22 examines policies, rules, practices, laws and institutions affecting the way and manner in which an entity is to function.
Chapter 23 deals with the behavioral patterns amongst individuals and groups as a result of differences in norms and values.
Finally, in chapter 24 the entrepreneur is given a proper guide for the effective management of the stock of goods in order to reduce costs.
