Venturing into business is when a person engages in business activities to make profits or gains through offering goods or services on the market for sale. A person who ventures into business is known as an entrepreneur or business person. The entrepreneur is responsible for both the profits and risks of the business. An entrepreneur must have a business dream and a passion to pursue it. You have to consider the following issues before venturing into business;
- Positive mindset toward business;
- Risk management;
- Business plan; and
- Key success factors.