K ENY ATTA UNIVERSITY .
SCHOOL OF AGRICULTURE & ENTERPRISE DEVELOPMENT.
DEPARTMENT OF AGRICULTURAL ECONOMICS.
K B T 312- AGRI-ENTERPRISE DEVELOPMENT ASSIGNMENT.
DARREN MW ANGI.
A93/KTI/1181/2020.
B ACHELOR OF SCIENCE AGRICULTURE.
Q.1). SUCCESS FACTORS IN AN ENTREPRENUERSHIP
Proper Financial Planning – An important role of an entrepreneur is financial
planning which translates all other activities into monetary terms. An
entrepreneur should be able to account for all the enterprises finances.
Good Decision Making – An entrepreneur is a decision maker. He makes
decisions regarding the following matters:
1) The development of an organization, including efficient relations with subordinates
and all the employees.
2) Securing adequate financial resources, and maintaining good relations with the
existing and potential investors.
3) Requisition of efficient technological equipment and the revision of it as to new
machinery appear.
4) Maintenance of good relations with public authorities and with the society at large.
Selection of the Location of Enterprise – The entrepreneur may consider
factors in locating his business e.g. Availability of raw materials, nearness to
the market, infrastructure, climatic conditions, etc. the entrepreneur should
consider the factors that would favor his enterprise.
Clear Determination of the Objectives – An entrepreneur should determine
and lay down the mission, vision, objectives and goals of the business, which
pg. 1
KBT 312 ASSIGNMENT
SCHOOL OF AGRICULTURE & ENTERPRISE DEVELOPMENT.
DEPARTMENT OF AGRICULTURAL ECONOMICS.
K B T 312- AGRI-ENTERPRISE DEVELOPMENT ASSIGNMENT.
DARREN MW ANGI.
A93/KTI/1181/2020.
B ACHELOR OF SCIENCE AGRICULTURE.
Q.1). SUCCESS FACTORS IN AN ENTREPRENUERSHIP
Proper Financial Planning – An important role of an entrepreneur is financial
planning which translates all other activities into monetary terms. An
entrepreneur should be able to account for all the enterprises finances.
Good Decision Making – An entrepreneur is a decision maker. He makes
decisions regarding the following matters:
1) The development of an organization, including efficient relations with subordinates
and all the employees.
2) Securing adequate financial resources, and maintaining good relations with the
existing and potential investors.
3) Requisition of efficient technological equipment and the revision of it as to new
machinery appear.
4) Maintenance of good relations with public authorities and with the society at large.
Selection of the Location of Enterprise – The entrepreneur may consider
factors in locating his business e.g. Availability of raw materials, nearness to
the market, infrastructure, climatic conditions, etc. the entrepreneur should
consider the factors that would favor his enterprise.
Clear Determination of the Objectives – An entrepreneur should determine
and lay down the mission, vision, objectives and goals of the business, which
pg. 1
KBT 312 ASSIGNMENT
