entrepreneurship

Every enterprise is started with four basics namely land, capital,labor and organizational skill. But the governing factor is ideas and initiative. Without ideas and initiatives all four factors become irrelevant and no enterprise come into existence. In fact, if ideas and initiatives are there the four factors will follow and the enterprise can be made successful. Ideas without initiatives will only help day dreaming and one can travel to any extend without achieving any result. A search into track record of any successful company will reveal the role of ideas and initiatives in its formation and success.  So where from these ideas and initiative arise. It is through understanding basic nature of an industry and the progress one can make in the field. One has to be a student always analyzing the trends to select right area, proper accumulation of assets and arrangement of proper qualified working hands with organizational skills. So a successful entrepreneur should always be alert  to be up-to-date  on his subject business.