Entrepreneur assignment help | Online Entrepreneur assignment help Australia
What must an entrepreneur do to earn a profit
Efforts of Entrepreneur
An entrepreneur is the person that creates, organizes and manages the business in an effective manner and earns profits. Our assignment help Australia team says that there are different skills that need to be developed in order to be a successful entrepreneur. The entrepreneur should develop the effective idea and should be open-minded in order to accept the external market changes. In addition to this, they should have good communication skills, so that they will understand the needs and wants of customers and serve them effectively. Apart from this, the entrepreneur should be capable of taking risks. It is identified that, in order to run the business in competitive market environment, entrepreneurs have to take risks. If you are facing problem to get entrepreneur assignment help or online entrepreneur assignment help then do let us know. Our assignment writer writes your entrepreneur assignment help. Our assignment writing help will do the paper according the US and Australia university requirements. We provides the best and original management assignment help in US, Australia and UK. The entrepreneur should be capable of making effective decisions and ready to make the timely improvements in their business and strategies. All these efforts of the entrepreneur will be helpful in making its overall business success and develop long term sustainability
Firms earning profits influence the value of resources
Influence of Profits on Value of Resources
It is identified that, whenever an entrepreneur earns more profits than they will buy more resources. Value of resources is influenced by the profits earn by the company. When the company starts up the business, they have limited resources and earn less profit. At the same time, when a company earns huge profits then they will buy the quality resources and provide the efficient services to the customers. For example, the firm adopts aggressive marketing strategies in order to influence the buying behavior of customers. With the help of this, they will be able to earn high profit.
In its marketing strategies, the firm has to include the different resources and develop the innovative ideas capturing the large part of the market. Thus, it is identified that value of the resources is influenced by the earned profits of the firm.
Value of resources when losses are present
On the other hand, when firm faces losses in its business and its values of resources also reduced. In order to overcome with its losses, the company has to put efforts for making optimum utilization of its limited resources. In such a case, its overall value of resources will reduce. The company also has to take risks and developing business in competitive market environment. In such a case, the firm should include the reserves in order to overcome with the future contingencies and maintain the value of its resources. In addition to this, value of resources is also indirectly affected by the demand and supply of products.
When the company earns profits, then demand for its products is high in which company requires more products and more resources. On the other hand, when company face losses, the demand of products are also reduced, that indirectly reduces the value of its resources. I want to make my assignment online then do e-mail us and get best grades in your assignment help.
If a firm making losses goes out of business, is this bad? Why or why not?
Business Firm Decision
It is the worst approach for the firm to go out of the business, when they are making losses. It is because firm should change their strategies and introduce innovative products in the market. Through this approach, the firm will influence the behavior of customers and also give tough competition to the rivalry firms. Moreover, they should merge with other profit making firm and enter into the market.
With the help of this, they will be able to earn profits and maintain the overall reputation of the firm. In today’s competitive market environment, merger and acquisition is the most effective approach for sustaining the small business firms in the market. When the company exits from the business then it will affect the overall goodwill of the firm. Moreover, they will not be able to introduce any new business in the future. Therefore, firm should change its approach of attracting the customers and earning profits.
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