The entrepreneur’s scope: A guide to business success

Abstract

Starting a business may be challenging, especially for ambitious business owners who lack industry knowledge and experience. This paper aims to simplify the process of starting a business by providing a guide that covers subjects like types of entrepreneurs, starting a new business vs. an established one, financing, pricing, costing, budgeting, hiring and recruiting, marketing, proper accounting practice, internal controls and accountability, and tax considerations. By understanding these important topics, entrepreneurs will be better equipped to manage the challenges of starting a business and increase their chances of success.