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DBA 403: Etrepreneurship Skills Notes
| Institution | South Eastern Kenya University |
| Course | Bachelor of Actuaria... |
| Year | 4th Year |
| Semester | Unknown |
| Posted By | Mark |
| File Type | |
| Pages | 5 Pages |
| File Size | 171.37 KB |
| Views | 2578 |
| Downloads | 0 |
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Description
LEADERSHIP
1.0 Introduction
David Schwartz describes leadership as the art of inspiring subordinates to perform their duties
willingly, competently and enthusiastically. So a leader becomes one who by example and talent
plays a directing role and commands influence over others. In simple terms leadership could be
described as getting others to follow or getting others to do things willingly.
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DBA 403: Entrepreneurship skills notes
1.0 The various forms of business organization
Business organizations can be formed by one person, a group of people or even government.
Consequently, we could have the following forms of business ownership:
i. sole proprietorship
ii. partnership
iii. limited liability company
iv. cooperative
v. public corpora
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DBA 403: Entrepreneurship skills notes
1.0 The various forms of business organization
Business organizations can be formed by one person, a group of people or even government.
Consequently, we could have the following forms of business ownership:
i. sole proprietorship
ii. partnership
iii. limited liability company
iv. cooperative
v. public corpora
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DBA 403: Entrepreneurship skills notes
1.0 The various forms of business organization
Business organizations can be formed by one person, a group of people or even government.
Consequently, we could have the following forms of business ownership:
i. sole proprietorship
ii. partnership
iii. limited liability company
iv. cooperative
v. public corpora
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DBA 403: Etrepreneurship Skills Notes
FINDING SOURCES OF FINANCING
Three basic types of financing can be identified. These are:
1. Profit retention: This is an approach where cash is not withdrawn in form of
dividends but instead uses the cash to finance the business.
2. Spontaneous financing: This is financing arising from increased sales. A such,
there income to buy more inventories and suppliers can extend credits when they
realize there is good business.
3. External financing: This comes from outside investors. The investors include
creditors, equity investors or owner piping more finance in business.
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