TLE First Quarter - YOUR BUSINESS Flashcards
This concerns the Physical location or a business store
Natural and Physical Environment
This pertains to the number of people living in the area, their age, their gender, socio-economics
Demography
This is being the totality of the way of life, ideas and customs if a set of people or society
Culture or Sub-culture
The study of a particular location has far-reaching and long-term effects on a small or micro enterprises viability
Business Environment and Market
The laws and policies of the national and local government unites also influence the business, operations
Government Regulations
This pertains to the management of resources and the study of the system of production, distribution, and consumption of goods and services
Economy
These are inventions based on the applications of science that create new product or process improvement
Technology
Examples of Idea Generation
1: Personal hobbies and interests
2: Everyday experiences
3: Suggestions from family
4: Problems that need solutions
5: Problems with existing products
6: Books, magazines, and news
7: Observing and listening around you
Personality and Personal
A. Personal Preference
B. Education, skills, and Experience
C. Work Experiences
D. Support from family and friends
The two Screening business ideas
1: Personality and Personal
2: Characteristics of a good business
Characteristics of a good business
A. Demand of Product
B. Availability of Skills, raw materials, technology, and capital
What is SWOT?
Strengths, Weaknesses, Opportunities, and Threats
The laws and policies of the national and local government unites also influence the business, operations
Government Regulations
