Entrepreneurship requires an individual to have a valid business idea as well as the necessary resources and capital to initiate a business. A sole proprietorship has numerous advantages. For instance, there is minimal supervision from the employer. Moreover, the owner enjoys the profits alone. An individual operating such a business is considered to be flexible since he/she may get another source of income besides the already existing business. It leads to the creation of employment opportunities, therefore, social evils in the society such as crime decline rapidly.
Planning assists many organizations to acquire the set goals within the required timeframe. Workers are required to work collaboratively due to productivity. However, supervisors should promote creativity which leads to innovation. Such activities assist in the elimination of direct competition in the market. (Voogd, 2003). In this particular essay, there are twelve individuals who were to visit Poland thus preparation activities had to be conducted in advance to ensure that the meeting was successful.
Leisure activities help in recreation and help in communication since individuals get to know each other from a different perspective from the official working forum. It is important to consider every individual's preferences before coming up with the right decision. Leisure activities boost self-esteem such as card games. Moreover, they assist in stress management away from the usual workplace activities which may be monotonous. In case a hobby involves problem-solving skills, it poses a challenge to a person's mental ability, therefore, it plays an important role in the improvement of memory.
Several discussion topics are required to be addressed in such a meeting. They include understanding entrepreneurship among others. Furthermore, the individuals who diverse parts globally should create new business opportunities in the market by evaluating the customers' requirements. Marketing new business entities as well as offering the necessary funds were also inclusive in the discussion.
A common website announced the promotion of entrepreneurship internationally. The idea was initiated to promote employment opportunities which lead to an increase in the gross domestic product in a country. Such projections assist in improving a country's economic status considering that the citizen's purchasing power improves due to the circulation of money. The leaders of the meeting stated that the organization had done a commendable job over the previous year's which marked continuous growth and development. As such, the team members have recently increased as a result of the activities that are carried out.
Technology leads to development. Organizations should be flexible to adapt to any changes to lure in potential clients in the business. Managers should ensure that they hire competent employees who are conversant with the operation of the machines at work to make work easier. (Bamgbose, 2011). Allocation of duties is crucial because the workers are assigned the tasks that they are capable of handling within the specified schedule.
Conclusion
Business laws and regulations change over time, and entrepreneurs should adhere to them. Entities may not be very flexible which leads to penalties in case the leaders do not comply with the rules that are set. Changes in the management levels demoralize employees because in many cases they are not prepared. Small organizations may lack the necessary funds to train workers. Therefore the set goals may almost be impossible to accomplish. Furthermore, organizations that do not adapt to technological changes face stiff competition from their rivals. However, the government should amend some laws to enhance flexibility.
References
Voogd, H. (2003). Multicriteria evaluation for urban and regional planning (Vol. 207). London: Pion.
Bamgbose, A. (2011). Language and the nation: The language question in sub-Saharan Africa. Edinburgh Univ Pr.
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