Production Processes

The Essentials The essentials to the production process include: capital, land, and organization.  Form Utility is the value producers produce materials in the creation of goods and services.  Manufactures take raw materials and change into a final products.  Service providers provide services to patrons.  Production processes have three requirements: Build and Deliver products in response … Continue reading Production Processes

Three Places To Find Your Entrepreneurship

Entrepreneurship Whether you have a goal for some point later in your life, or in the not so distant future to own a business; you should understand entrepreneurship pretty well in order to succeed.  An entrepreneur creates a unique value proposition using the five factors of production; Land, Labor, Capital, Entrepreneurship, and Knowledge.  There are … Continue reading Three Places To Find Your Entrepreneurship

Entrepreneurship Versus The Organizational Climb

Organizational Climb There are two paths to success in business.  The first path towards success in business is being part of an organization, where responsibility and wealth is divided many times and shared among members of the organization.  Organizations are known for creating specialized skills with each member to excel at a specific operation, while … Continue reading Entrepreneurship Versus The Organizational Climb

Funding for A New Business

Finance Finance describes the business function, to forecast and manage funds.   A large part about being successful in Finance includes always behaving ethically and being attentive to details.  Ethics drive a company when it takes financial liability to an investor from borrowing and must act responsibly in order to preserve its right and reputation, so … Continue reading Funding for A New Business