YOU ARE ENTREPRENEUR IF YOU HAVE MINDSET OF ...
... creating, developing, and managing a new business venture with the aim of generating profits or creating value.
THE 3P'S OF BUSINESS
PEOPLE
PROCESS
PROCESS
Refers to your "WORKFORCE" - without these stakeholders, your business would flounder. It benefits you to put significant time, effort, and, yes, money, into cultivating these relationships.
They are your - Customers, Vendors, Suppliers, Advisors, Partners, Investors.
PROCESS
PROCESS
PROCESS
Refers to actions your business takes to perform a specific function and includes - Delivering a service, Creating a product, sales presentation, Responding to emergencies, Answering the phone, Providing information to customers, Keeping track of supplies.
PRODUCT
PROCESS
PRODUCT
What business has to offer either tangible or service. People reinforce the process. Process reinforces the product. Product reinforces the people. On and on this goes in a spiral that — if managed correctly — moves in an upward direction and leads to sales and success.