For a business enterprise to excel and be successful, it has to ensure that certain things have to be put in place. An example is the factors of production. The factors of production ensure that a business is able to provide goods and services to customers. Every factor of production has a role to play as when there is an issue with a factor, it affects the whole business. A business entrepreneur, also known as a risk taker has the duty of making decisions that must benefit a business. A business entrepreneur has to take right decisions always as a single wrong decision can kill a business.
In a business, the things that should be done and not to be done are to be known. This would prevent the existence of a costly mistake that could end a business. Decisions that would positively affect a business should always be made.