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The Pros And Cons Of Beekeeping

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On the other hand, failed beekeepers or those who discontinued their beekeeping projects were into beekeeping in just 1.31 years. Andriole (2016) mentioned in his article published by Forbes that “entrepreneurs fail for lots of reasons which include the following: (1) not talking about the IQ but the EIQ (Entrepreneurial Intelligent Quotient) which is about holistic understanding of situations and often, entrepreneurs have too little domain depth; (2) grandiose expectations; and (3) pivot paralysis where entrepreneurs specifically start-ups cannot adapt to unpredictable events and conditions and tend to crash into the side of a large mountain.”
In the same table, the number of start-up colonies of the beekeeper-entrepreneurs were gathered. …show more content…

Apart from those, he stated that, “while registering a business with the state or local government isn’t necessarily required to complete business transactions, it is a smart choice for new entrepreneur for a variety of reasons, which include building reputation with customers and supplier arrangements.”

Production Aspect. Business Dictionary defines production as the “processes and methods used to transform tangible inputs (raw materials, semi-finished goods, subassemblies) and intangible inputs (ideas, information, knowledge) into goods or services. Resources are used in this process to create an output that is suitable for use or has exchange value.
Apiary Site/Location. Choosing a location for a new business is one of the most important decisions entrepreneurs make during the planning phase of launching ventures. The location of a business can affect many aspects of how it operates, such as total sales and how costly it is to run. Accessibility, competition, operating expenses, and taxes and regulations are among the factors to be considered why business location is important (Hamel,

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