Business needs assessment includes an analysis of the underlying business drivers and objectives and the overall context of business need that has been established for the client’s Data Warehouse. When business needs have been defined, the assessment process examines the approach to capturing business requirements, their completeness, the priorities of the requirements, and alignment of the data warehouse release strategy and deliverables to the needs.
Business owners sometimes make the mistake of jumping into business opportunities too impulsively, without doing the appropriate amount of due diligence. This observation is not as obvious as it may seem, because many entrepreneurs fail to separate facts from myths about their business.
The place of entrepreneurial competence in any business can’t be overstressed. There are some basic entrepreneurial competencies that an individual entrepreneur must have and practice with consistency to ensure a successful business. Some of these competencies include financial management, communication, time management, human resources management competence etc.