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Vision= Successful entrepreneur must have specific vision and need to see special goals and success in mind first if you want to convert it into reality. Not only this, but entrepreneur also needs to visualize every step that it is going to take to get him to end results. Planning tricks= Planning is necessary for almost every task of life so this is the best technique which is used by all the successful entrepreneurs in order to stay focused with their efforts to achieve their goals. They plan all the activities of the whole day and follow the schedule accordingly to do every task on time. Planning also helps to let the entrepreneur do all the things without any pressure hence the entrepreneur do all the things smoothly. Managing time effectively= Time is money these words are familiar to almost every successful entrepreneur in the world. This is one of the main quality of entrepreneur to use the time efficiently and effectively .Proper time management is necessary fo...

Product cycle theory with example= Definition= The product life cycle is the life of the product from starting to the end of the product. It is the period of time over which an item is produced, brought to market and eventually removed from the market. First, the idea for a product undergoes research and development. If the idea is determined to be feasible and potentially profitable, the product will be produced, marketed and rolled out. its production will grow until the product becomes widely available. Eventually, demand for the product will decline and it will become obsolete. There are four stages of the product which is following: Introduction = This stage of the cycle could be the most expensive for a company launching a new product. The size of the market for the product is small, which means sales are low, although they will be increasing. On the other hand, the cost of things like research and development, consumer testing, and the marketing needed to launch the p...