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___General Studies Entrepreneurship and Business Management LEVEL (N4) TASK 3 (Internal Exam) (P1) Date 07 October 2019Duration 30minsTotal marks50Instructions 1Answer ALL the questions.2Read ALL
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How to fill out entrepreneurship and business management

How to fill out entrepreneurship and business management
01
Research and choose a business idea or concept that aligns with your skills and interests.
02
Create a detailed business plan outlining your goals, target market, competition, and financial projections.
03
Decide on a legal structure for your business (e.g. sole proprietorship, LLC, corporation) and register your business with the appropriate authorities.
04
Secure funding through investors, loans, or personal savings to cover startup costs and ongoing expenses.
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Develop a marketing strategy to promote your products or services and attract customers.
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Set up systems for managing finances, operations, and employees to ensure smooth business operations.
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Continuously monitor and evaluate the performance of your business to make necessary adjustments and improvements.
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Stay informed about industry trends and changes in the market to stay competitive and adapt to new challenges.
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What is entrepreneurship and business management?
Entrepreneurship is the process of starting a business, while business management involves overseeing the operations and resources of a company.
Who is required to file entrepreneurship and business management?
Entrepreneurs and business owners are required to file entrepreneurship and business management.
How to fill out entrepreneurship and business management?
Entrepreneurship and business management can be filled out by providing information on business activities, finances, and goals.
What is the purpose of entrepreneurship and business management?
The purpose of entrepreneurship and business management is to effectively run and grow a business.
What information must be reported on entrepreneurship and business management?
Information such as business plans, financial statements, and strategic objectives must be reported on entrepreneurship and business management.
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