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I'm not sure what you're looking for so I'll give a very basic answer. An enterprising individual, usually someone who doesn't want to work for someone else, looks out there in the market place and identifies a product or service that isn't provided or isn't provided well or is being provided well enough but this individual thinks they can do better or they have an idea for a product or service that isn't out there yet. They then begin to pull together a plan for how to provide that product or service. How will they do it? How much will it cost? Who is my market? How do I get them to come to my door? What sort of profit will there be? How do we get started? are some of the questions they need to ask themselves. A lot of these questions are answer as the person does the research and puts together a business plan. Because funding is the key element funds family, friends and eventually others invest in stock to share the risks. That's it in a nutshell.
Wiki User
∙ 9y ago
Wiki User
∙ 7y agoCItizens and businesses
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Differences between public sector accounting and private sector accounting?
The difference between public sector and private sector is that when you're in the public sector you work for the government whereas private sector is not. Same applies to accounting.
Is social work involved in the private sector?
Yes, it can be.
How many people work in private sector?
20
Why would you work for public sector organization over a private sector organization?
Chumma Lollalaikku>>>>>>>>>>>>>>>
Where can one work in the US private sector?
The private sector is also known as the citizen sector. It's a profit organization. So you could do something with economics. So you could work at a taxation bureau. You could also work as headquarters of a economical bureau.
Is Coca Cola a public sector or a private sector company?
Is a private sector
Is the NFL a public sector or private sector?
private
Why is it important for the government and private sectors to work as partners in tourism?
why is it important for the government and private sector to work as partners in tourism barbados
What can public sector and private sector learn from each other?
what can public sector learn from private sector
Is microsof pulbic or private sector?
Microsoft is in the private sector.
What do you mean by private sector banks?
Private sector banks is a bank that is owned by the private individual. Thats bank called private sector bank.
What are private sector and public sector?
Private sector are things that are owned by people. Public sector are things that are owned by the government.
