Requirements for Entrepreneurs and Problems They May Face

Firstly, the entrepreneur needs to have a business idea, management knowledge and skills and resources.

The entrepreneur should find an area required improvement or a gap in the market in compliance with her/his own knowledge and experiences or (possible) resources and she/he should present it as a business opportunity in the first place.

Secondly, the entrepreneur has to have management knowledge and skills to put the business idea into practice. She/he needs to learn technical and functional management skills required by the business or she/he needs to be organized by finding persons who already have these skills. Also, she/he needs to have sufficient bureaucratic knowledge for establishing a business and business management.

Finally, the entrepreneur needs to have both financial resources and crucial resources such as knowledge and skills, business office, equipment, materials and time. In the previous article, it was mentioned where financial resources may be found at. In the next article, you may find additional information about “business incubators” established to provide resources such as business office or knowledge and skills.

Required Information:

The entrepreneur can increase the chance of her/his enterprise success by improving herself/himself in technical and functional, planning and management fields. Alternatively, the entrepreneur needs to bring those who already have the knowledge in these fields together and coordinate them successfully.

> Technical and functional knowledge may be as follows: marketing, sales, financial management, project planning and control, product design.

> Planning knowledge may be as follows: determination of general strategy, determination of opportunities and problems, determination of extent of business, actual outcomes monitoring, comparison of these outcomes with plans, comparison of actual incomes and expenses with intended incomes and expenses.

> Management knowledge may be as follows: leadership, communication, problem solving, employment, employee training, employee assessment, guidance and rewarding.

Potential Problems:

> Entrepreneurs may face problems unless they make preparations and investigations enough before they establish a business. To avoid these potential problems, entrepreneurs have to conduct the pre-assessment process carefully, then they have to pay attention to feasibility researches. 

> You may have unforeseen problems during preparation and establishment processes.

> Business systems may fail to satisfy if there are constituted following insufficient feasibility research.  

Pages Bookstore

Mr. Samer al-Qadri and his wife Mrs. Glennar Hajo came to Istanbul in 2012 after the Syrian police had raided their Publishing house, Bright...

Abu Shamsu Al-Abyad Restaurant

Abu Shamso Al-Abyad is a Hummus (mashed chickpeas) shop that has been established in Syria in the city of Homs in 1941 to eventually...

Sham Dairy

The owner of Sham (Damascus) dairy shop Abu Yaman moved to Turkey after the civil war in Syria and settled till he started his...

“Nostalgia” Women Choir

Ms. Rajaa Banout from Damascus came to Gaziantep in Turkey three years ago to help refugee women in their difficult conditions in the diaspora....


Adwhit The Adwhit website is a Turkish guide for Arab visitors that began five years ago and has spread remarkably due to the favourable change...

Share Your Story

Write to Us
Download Premium WordPress Themes Free
Download WordPress Themes Free
Download Premium WordPress Themes Free
Download Nulled WordPress Themes
udemy course download free
download redmi firmware
Download Premium WordPress Themes Free