bizcafe report

Section A: Part 4
Entrepreneurship is the process of starting a business or an organization. This process is very important regards to starting your own business or organization because you need to acquire the skills of opening your own business through entrepreneurship no matter what the business is. When you have acquired those skills, you are basically ready to take the tag of being an entrepreneur. An entrepreneur develops the business model within the company and has all the acquired skills needed for either success or failure.
The first lesson that me and my group members learned was that communication is key in a business. If there is no communication, then there are more chances of failing. Communication improves the unity, customer and employee relationships, it also enhances innovation, lastly there are more ideas that get spread around. A company that works to develop strong communication with each other is a united company. By simply keeping in touch on a regular basis, everyone remains united and working together. Each team member shares the same goals in this case, and everyone knows what their co-workers have on their plate. No business would succeed without customers, and every company exists to serve them. Communicating with customers is important as communication that is within the workplace. This is easier today than it’s ever been because there are a wide variety of ways to keep in touch with your customer base. No friendship is ever formed without communication. The more a company’s employees communicate with each other, the closer they will become naturally over time which will increase the number of ideas that are created which then will increase sales and profit. A business can become more innovative overnight just by working together by communicating and that is good news for your revenue and bad news for your competition.
The second lesson that me and my group members learned during Bizcafe is decision making and how important it is