Entrep

Entrepreneurship

The process of starting and running a business, taking on financial risks in the hope of making a profit.

Hiring process

The steps involved in finding, evaluating, and selecting candidates for a job position.

Bad hire

An employee who does not meet the expectations or requirements of the job and may have a negative impact on the company.

Morale

The overall mood, attitude, and satisfaction of employees within a company or organization.

Reputation

The perception or opinion that others have about a person, company, or organization.

Applicant pool

The group of individuals who have applied for a job position.

Recruitment

The process of attracting and identifying potential candidates for job positions.

Selection

The act of carefully choosing the best or most suitable candidate for a job position.

Manpower

Refers to the human labor force involved in the production of goods or services.

Determine

The process of identifying the specific skills, qualifications, and characteristics required for each job within an organization.

Attain

Actively seeking out and attracting potential candidates for job positions.

Match

Carefully evaluating and selecting candidates who possess the necessary skills, experience, and attributes for a job position.

Competent employees

Employees who have the necessary educational background, training, experience, technical proficiency, and soft skills to perform their job effectively.

Soft skills

Non-technical skills such as communication, teamwork, problem-solving, adaptability, and time management.

Adaptability

The ability to quickly learn and apply new skills and navigate changes in the workplace.

Initiative and motivation

Employees who take proactive steps to improve processes, contribute to the success of the team, and take ownership of their work.

Human resource

The department or function within a company that is responsible for managing the employees and their needs.

Manpower criteria

Factors such as educational qualifications, experience, skills, expertise, and the number of workers required for a job position.

Job analysis

The process of gathering and analyzing information about the duties, responsibilities, and requirements of a job position.

Recruiting

The process of building a pool of job candidates through various strategies such as advertising job openings, using professional networks, and leveraging social media.

Job Requirements

Clearly outline the qualifications, skills, and attributes required for the positions within your organization.

Job Postings

Develop compelling and accurate job postings that highlight the key responsibilities, qualifications, and benefits associated with the open positions.

Recruitment Channels

Actively use various recruitment channels to reach potential candidates.

Employee Referrals

Encourage current employees to refer qualified candidates.

Recruitment Agencies

Consider partnering with recruitment agencies to tap into their networks and leverage their expertise in identifying and attracting top talent.

Career Fairs

Participate in career fairs and industry events to meet potential candidates face-to-face.

Production Method

The process or way of transforming raw materials into finished products.

Mode of Production

Everything that goes into the production of the necessities of life, including the "productive forces" and the "relations of production".

Foraging

Searching for wild food resources.

Horticulture

The cultivation of plants in gardens or greenhouses.

Pastoralism

A form of animal husbandry where domesticated animals are released onto large vegetated outdoor lands for grazing.

Agriculture

Encompasses crop and livestock production, aquaculture, fisheries, and forestry for food and non-food products.

Industrialism

A system that depends heavily on manufacturing goods.

ISO Certification

The International Organization for Standardization certificate that approves a manufacturing company to provide high-quality goods and services.

Standard Operating Procedures (SOPs)

Procedures set by the entrepreneur to ensure consistent and efficient operations.

Manufacturing of Goods

The process of translating raw materials into finished goods that meet customer standards.

Input

The resources and materials used in the manufacturing process.

Process

The stages and methods used to transform raw materials into finished goods.

Output

The final products that result from the manufacturing process.

Home-Based Manufacturing

Manufacturing process takes place at home.

Commercial Space Purchase

Manufacturing process takes place in a commercial space owned by the entrepreneur.

Commercial Space for Rent

Manufacturing process takes place in a commercial space rented by the entrepreneur.

Distribution

The process of bringing products or services to customers.

Supply Chain/Distribution Channel

The path through which products are delivered from the manufacturer to the customers.

Manufacturers

Handle the invention, development, and production of the product or service.

Distributors

Entrepreneurs who buy products or services from manufacturers and sell them at a markup price to wholesalers or retailers.

Wholesalers

Distributors who sell products to other distributors or retailers.

Retailers

Businesses that find, buy, and gather products or services from multiple suppliers and sell them to consumers.

Customers

Individuals or businesses that purchase another company's goods or services.

Agents

Negotiate with buyers on behalf of the manufacturer and get a commission for every product sold.

Materials

The raw materials necessary in the production of a product.

Indirect Materials

Unprocessed materials that contribute to the production of the end product but do not directly form a part of it.

Patent

The right to protect the entrepreneur regarding the product or service.

Utility Patents

Patents for invention that provide legal protection to people who invent a new and useful process, article of manufacture, machine, or composition of matter.

Design Patents

Patents issued for original, new, and ornamental designs for manufactured products.

Plant Patents

Patents granted to anyone who produces, discovers, and invents a new kind of plant capable of reproduction.

Trademark

Any word, phrase, symbol, design, or combination that identifies your goods or services and distinguishes you from competitors.

Nondisclosure Agreement

States that a third party will be given full access to confidential information provided that it should not be disclosed to anyone else.

Machines

The manufacturing equipment used in the production of goods or delivery of services.

Best friend of manpower

Machines are often described as the "best friend" of manpower in producing goods and offering services.

Business operations

The activities and processes involved in running a business.

Complex

Without machines, business operations can become complex, meaning they are intricate and difficult to understand or manage.

Costly

Without machines, business operations can become costly, meaning they require a lot of money or resources to maintain or operate.

Low quality

Without machines, business operations can result in low quality products or services, meaning they are not up to the desired standard or level of excellence.

Computer/s and software

Information is the lifeblood of any successful organization today, and computers and software are essential tools for managing and processing that information.

Computer network and internet connection

Computer networks and internet connections are like veins and arteries that channel information throughout all parts of a business, allowing for efficient communication and data transfer.