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Limited Company

                 A company is a legal entity made up of an association of people to undertake some industrial, trading or
                 commercial activity with the motive of earning profits. In companies, the ownership of an entrepreneur is
                 maintained by holding shares. Companies are of two kinds which are Private company and Public company.
                 A private company’s shares are non-transferable and are not issued to the general public. A public company’s
                 shares are transferable and issued to the general public through invitation. Minimum seven members are
                 required to make a Public company and there is no limit to maximum members.
                 Minimum of two members are required to make a Private company and there can be a maximum of 2
                 members. There is a need for a certificate of incorporation and commencement of business to start the
                 business for a public company, but only a certification of incorporation is required to start the business for a
                 private company.

                   CHARACTERISTICS OF ENTREPRENEURS
                 Building a successful enterprise is possible only if the entrepreneur possesses excellent leadership qualities.
                 Some critical leadership skills that every entrepreneur has are:

                   Self-Starter: Entrepreneurs know that if something needs to be done, they start it themselves. They are
                   always proactive. They set the parameters and dare to begin.
                   Clarity: Entrepreneurs visualise, plan and set clear targets for every part of the business.
                   Hard Working: Entrepreneurs are hard working. Successful entrepreneurs are adapted to the habit of hard
                   work from the beginning and dare to take decisions.

                   Courageous: Entrepreneurship involves risks and uncertainties. Entrepreneurs are always buckled up for
                   taking risks.
                   Foresightedness: Entrepreneurs have the ability to visualise what will be needed in the future and make
                   wise decisions.
                   Creative: Entrepreneurs have a creative mind. They always think out of the box and are always willing to

                   deliver something new to the market.
                   Innovative: Entrepreneurs always keep on researching new things in order to meet the dynamic needs of
                   customers.
                   Networking: Successful entrepreneurs always look for potential stakeholders and maintain good terms
                   with everyone in the business.

                   Communication Skills: Entrepreneurs have good communication skills, thus they convey their views and
                   ideas with clarity and precision.
                   Updated: In this fast-paced world everything changes rapidly and therefore today’s entrepreneurs keep
                   themselves updated with what’s happening in the business scenario.
                   Discipline & Commitment: Successful entrepreneurs are the first person to arrive at the office and the last
                   ones to leave and are very committed to their work.

                   Adaptability: Business environment evolves rapidly, thus in order to keep the business on track, they
                   adapt to changes. They are always  exible with their way of working.
                   Passionate: Entrepreneurs are passionate about their work. They always put in those extra hours to make
                   the business successful because their joy is in their work.





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