Entrepreneurship

• Supply chain


  The network of suppliers that provide the materials, services, and logistics that support an entrepreneur
• Logistics


  Delivery services from the purchase of materials up to the delivery of the finished products to the customer
• Value chain


  The set of activities that add value to the product or service
• The value chain adds value to the consumers because the quality of materials from suppliers influences value as well as the efficiency of logistics and manufacturing process
• Visualizing and planning the supply and value chain before starting business helps the entrepreneur assess costs and plan the needed manpower
• Entrepreneurs are individuals who take risks to start their own businesses.
• The term entrepreneur is used to describe an individual who takes risks, creates new products or services, and manages resources.
• An entrepreneur is someone who starts his or her own business with the goal of making money.