Hello friends, how are you all doing today, hope that you people will be fine and doing great in life.

"Golden Hour Photography"

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Cultural Influence On Entrepreneurship

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Cultural is having influence on entrepreneurship in many countries and there are also countries whom are having no cultural influence. USA give importance to independence success and wealth creating. Research shows that entrepreneurs are from those families giving independence to one's individuality and work. On the other hand, in our culture; parents have influence on our success and the basic thing is that you have to complete your studies initially, moreover, our country does not promote entrepreneurship of lower sectors.
Knowledge of business practice, experience of last business, government support and Capital is what you need to build up your business and apply in your daily life. Further, family and colleagues support is important, we can also do partnership to buildup a good business. In partnership, one member brings Capital, others bring experience and knowledge with past business sectors.

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Match the words with correct definitions:

• Gazelles:

Companies having small businesses and do higher profits with external and internal strategies. The capital is mostly from other people but experience is yours.

• Lifestyle Firm:

These companies stays and practice one business according to their owners and don't change their business or not practicing other businesses.

• Government as Innovator:

It is government support and ideas, they update the business strategies and commercialize every business product which are good for the people and for their countries growth.

• Ordinary Innovation

Releasing new products and advancing the old products with lessor technological variation, technical things remains the same but the product advancement is practiced.

Practical Scenario

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As starting my business, I will first check which product can be sold in the place where I am going to start my business, secondly, I will look that the product is suitable in my area or not, moreover, I will plan and design my business by advertising it in few capital by using social media influence, further, I will keep backup for the loss and expect profit, lastly, I will start it according to my knowledge and experience, and also start it from small sector if it is new business.

Inviting my friends
@nsijoro @abdul-rakib @paholags

Thank You