First Generation Entrepreneur

First generation entrepreneur are those entrepreneur when person start the business on his innovative skill. He was the first generation to start the entrepreneur. He has no entrepreneurial background. An entrepreneur is very innovative, decision maker, risk taker, leadership quality, etc. Establishing an organization and running it successfully is not a simple thing. Establishing and successfully running an organization requires great ability and qualities.  He must have a clear plan.

What is inflation and how depression period arises in 2008

The term "inflation" originally referred to increases in the amount of money in circulation. In economics, inflation means prices of goods and services increases in an economy during a period of time. As the price increases value of the money is decreases and people is not able to satisfy their daily needs. This is the main reason to increase the poverty in our country. It is the bad effect not only in the one country but whole of the economy. Inflation includes a decrease in the real value of money.

Transition of Entrepreneur to manager

Entrepreneurship plays a very important role for the economic development of the country. Entrepreneur is the person who commences his business with his innovative ideas. Initiative is the first quality of an entrepreneur. Entrepreneur is an independent. An entrepreneur is the owner of the enterprise. An entrepreneur has a good foresight. Hard work is the key to success.  The reward of an entrepreneur is profit. An entrepreneur is neither a science nor an art. It is a practice.

Types of Entrepreneur

An entrepreneur is very helpful for the economic development of the country. So, it is very necessary for every entrepreneur is leadership quality, better communication skill, innovative, decision maker, risk taker, hardworking, creative, organizing skill, foresight, technical knowledge, desire for high achievement, clear objective. Every entrepreneur has received faith, trust, loyalty from the society and customer. He should be innovator. His innovation is simple. 

Advantages and Disadvantages of Entrepreneur

Entrepreneur’s means “a person who organizes and operates a business or businesses, taking on greater than normal financial risks in order to do so”. Risk is the major part of the every business. Every businessman takes more and more risk to gain more profit. In other words, we can say that higher risk more profit, and lesser risk lesser profit. An Entrepreneur is a person who has possession of new ideas, creativity to invest money in a business in such a way that to gain more profit. Following are the advantages and disadvantages of entrepreneur:

Concept of entrepreneur

The word entrepreneur is derived from the French word 'entrepredre'. An entrepreneur is very helpful for the economic development of the country. So, it is very necessary for every entrepreneur is leadership quality, better communication skill, innovative, decision maker, risk taker, hardworking, creative, organizing skill, foresight, technical knowledge, desire for high achievement, clear objective. These are the important quality or features which are necessary in every entrepreneur. An entrepreneur is an economic man whose aim to earn maximumprofit by the innovation and creation.

Concept/Theories of Entrepreneurship

 Peter F. Drucker - He is the great entrepreneur in the world. He was born in November 19, 1909 in Vienna.  Drucker was educated in Austria and England. He is focus on the entire thing which is effect on all the economy. He had suffered from various problems when he starts the business. Drucker says that when a person starts the business then many qualities in every business man like: leadership, control power, take decision immediately, not short temper. 

How TCS is calculated in Tally

TCS is the full form of Tax collected at source.  It is the tax which have to be collected by company. It is a income for the company. Tax is collected from the person and deposited to the government account. TCS is not apply on all the items. It is applicable only few items like: Alcoholic liquor for human consumption, Tendu leaves, timber, cantractors like relating to mines, parking lots, toll plaza.