CIE IGCSE Business Studies: Enterprise, Business Growth, Size (1.3)

Summary

This video by Mr. Eazy delves into the IGCC Business Studies specification point 1.3, exploring enterprise growth and size. It covers the definition of entrepreneurship, the characteristics of successful entrepreneurs, and the benefits and risks involved. The script also discusses the importance of a business plan for securing loans and planning for the future. It further explains government support for startups, methods for measuring business size, reasons businesses may grow or remain small, and common causes of business failure. Key terms are defined, providing a comprehensive understanding of the subject.

Takeaways

• 😀 Entrepreneurs are individuals who take risks to organize and operate new business ventures, seeking independence, the opportunity to implement their ideas, and potentially high profits.
• 🚀 Successful entrepreneurs often possess characteristics such as hard work, risk-taking, creativity, optimism, self-confidence, innovation, independence, and effective communication skills.
• 📝 A business plan is crucial for entrepreneurs, helping to secure loans or overdrafts from banks and forcing them to think ahead and plan for the initial years of their business.
• 💡 Business plans typically include sections on business description, products and services, market analysis, business location, organization structure, financial information, and marketing strategy.
• 🌐 Governments support business startups to reduce unemployment, increase competition, stimulate economic growth, and potentially foster the development of socially beneficial enterprises.
• 📏 Measuring business size can be done through various methods, including the number of employees, value of output, and capital employed, each with its own limitations and considerations.
• 📈 Businesses may grow for reasons such as increased profits, higher status, lower average costs due to economies of scale, and a larger market share, which can influence negotiations with suppliers and distributors.
• 🔄 There are two main ways businesses can grow: internally, by expanding existing operations, and externally, through mergers or takeovers, each with its own benefits and challenges.
• 💡 Business growth can sometimes lead to problems such as difficulty in control, poor communication, high costs, and integration issues, which need to be managed carefully.
• 🛑 Some businesses remain small due to factors like industry type, market size, and owner's objectives, with some owners preferring to maintain personal control and avoid the stress of managing a larger entity.
• ⚠️ Business failures can occur due to various reasons, including poor management, changes in the business environment, liquidity problems, and overexpansion, with new businesses being particularly at risk due to lack of experience and resources.

Q & A

What is the main focus of the video script provided?

The video script focuses on the specification point 1.3 of IGCC Business Studies, which discusses enterprise, business growth, and size, including characteristics of successful entrepreneurs, methods of measuring business size, reasons for business growth or stagnation, and factors contributing to business failure.

What are the benefits of being an entrepreneur according to the script?

The benefits of being an entrepreneur include independence, the ability to use time and money as desired, implementing personal ideas, potential for fame and success, higher profitability, and the utilization of personal interests and skills.

What are some of the disadvantages of entrepreneurship mentioned in the script?

Disadvantages of entrepreneurship include the high risk of business failure, the need to invest personal capital, the lack of knowledge and experience in starting and operating a business, and the opportunity cost of not being employed elsewhere.

What are the key characteristics of successful entrepreneurs as outlined in the script?

Key characteristics of successful entrepreneurs include being hardworking, risk-takers, creative, optimistic, self-confident, innovative, independent, and effective communicators.

Why is a business plan important for entrepreneurs seeking loans from banks?

A business plan is important because it forces the entrepreneur to think ahead and plan carefully about the initial years of the business. Banks require a business plan to assess the viability and future prospects of the business before agreeing to a loan or overdraft.

What are the common headings included in a business plan as per the script?

Common headings in a business plan include a description of the business, products and services, market analysis, business location, organization structure and management, financial information, marketing strategy, and a summary demonstrating the business's potential for success.

Why do governments support business startups and what are some forms of support?

Governments support business startups to reduce unemployment, increase competition, stimulate economic growth, and potentially create social enterprises. Forms of support include grants and training schemes.

What are the common methods to measure business size mentioned in the script?

Common methods to measure business size include the number of people employed, the value of output or sales, and the value of capital employed.

What are the limitations of using the number of people employed as a measure of business size?

The limitations include that capital-intensive firms with few employees can produce high output levels, making this measure potentially misleading for comparing business sizes.

What are the benefits of business expansion as discussed in the script?

Benefits of business expansion include the potential for higher profits, increased status and privilege for owners and managers, lower average costs due to economies of scale, and a larger market share which can influence dealings with suppliers, distributors, and consumers.

What are some reasons why businesses might remain small as per the script?

Reasons for businesses remaining small include the type of industry, where personal services or specialized products are offered; market size, where a small consumer base limits growth; and owner's objectives, where some prefer to maintain control and avoid the stress of managing a larger business.

What are the main reasons for business failures according to the script?

Main reasons for business failures include lack of management skills and experience, changes in the business environment, liquidity problems or poor financial management, and over-expansion leading to difficulties in management and finance.

Why are new businesses at a greater risk of failing compared to established ones?

New businesses are at a greater risk of failing due to lack of finance and resources, poor planning, inadequate research, and the owner's inexperience in decision-making skills compared to managers of larger businesses. Additionally, established businesses have a better understanding of the market and a stable revenue stream.

What key terms related to enterprise and business growth are defined in the script?

Key terms defined in the script include entrepreneur, business plan, capital employed, internal growth, external growth, takeover, acquisition, merger, horizontal integration, vertical integration, forward integration, backward integration, conglomerate integration, and diversification.

Outlines

00:00

📚 Introduction to Enterprise Growth and Business Size

This paragraph introduces the video's focus on the IGCC Business Studies specification point 1.3, which covers enterprise growth, business size, and the various aspects related to these topics. It outlines the learning objectives, including understanding enterprise and entrepreneurship, methods and problems of measuring business size, reasons for business growth or stagnation, and factors contributing to business failure. The paragraph also mentions the importance of a business plan for entrepreneurs and how it can aid in securing loans and planning for the future.

05:01

🏢 Characteristics of Entrepreneurs and Business Plan Essentials

The second paragraph delves into the definition of an entrepreneur, the benefits and risks associated with entrepreneurship, and the key characteristics of successful entrepreneurs such as hard work, creativity, and effective communication. It also discusses the importance of a business plan, its components, and how it helps in planning and securing financial support. The summary includes the various sections typically found in a business plan, emphasizing the need for a comprehensive strategy, market analysis, and financial projections.

10:02

🌐 Government Support for Business Startups

This paragraph examines the role of government in supporting business startups, including the provision of grants and training schemes. It outlines the reasons behind such support, such as reducing unemployment, increasing competition, and boosting economic growth. The paragraph also touches on the concept of the multiplier effect, which describes the positive economic impact of new businesses on local economies, and the potential for new firms to grow into significant contributors to society.

15:02

📏 Measuring Business Size and its Challenges

The fourth paragraph discusses the methods and issues related to measuring business size, including the number of employees, value of output, and capital employed. It highlights the limitations of these methods, such as the potential for misleading comparisons due to differences in industry, production methods, and market positioning. The paragraph emphasizes the importance of understanding business size for various stakeholders, including investors, governments, competitors, and banks.

20:03

🚀 Business Growth Strategies and Challenges

This paragraph explores the reasons and benefits of business growth, such as higher profits, increased market share, and economies of scale. It differentiates between internal growth, where a business expands its existing operations, and external growth, which involves mergers or takeovers. The paragraph also addresses the challenges associated with business expansion, including difficulties in control, communication, and financing, and suggests strategies for overcoming these issues.

🏘️ Reasons for Business Stagnation and Failure

The final paragraph examines why some businesses remain small or fail, citing factors such as industry type, market size, and owner objectives. It also identifies common causes of business failure, including poor management, changes in the business environment, liquidity problems, and overexpansion. The paragraph highlights the particular risks faced by new businesses due to factors like lack of experience and resources, and the challenges of entering an established market.

📚 Conclusion and Key Terms Summary

In the concluding paragraph, the video script wraps up the discussion on enterprise growth and business size, summarizing key points and terms. It invites viewers to engage with the content through likes, subscriptions, and comments, and offers additional resources through the provided Instagram link. The paragraph also encourages viewers to reach out with any questions or feedback, emphasizing the goal of facilitating learning and understanding of the topic.

Keywords

💡Entrepreneur

An entrepreneur is an individual who takes the initiative to start a business, bearing the associated risks and rewards. In the context of the video, entrepreneurs are characterized by their independence, creativity, and willingness to innovate. The script mentions that entrepreneurs may become successful and famous if their ventures grow significantly, illustrating the potential for personal and financial growth.

💡Business Plan

A business plan is a formal document that outlines the goals, strategies, and financial projections of a business. It is essential for entrepreneurs to secure funding, as banks often require a comprehensive business plan before agreeing to loans or overdrafts. The video script details the various components of a business plan, emphasizing its role in helping entrepreneurs to think ahead and plan for the future.

💡Risk

Risk in the entrepreneurial context refers to the potential for loss or failure associated with starting and running a business. The script highlights that entrepreneurs face risks such as the possibility of their business failing, which is a common disadvantage mentioned alongside the benefits of entrepreneurship.

💡Innovation

Innovation is the process of translating an idea or invention into a good or service that creates value. The script describes entrepreneurs as innovative, emphasizing their ability to implement new ideas into their business ventures, which is crucial for business growth and staying competitive in the market.

💡Economies of Scale

Economies of scale refer to the cost advantages that a business obtains due to expansion and ability to produce at a larger scale. The video discusses how businesses can benefit from lower average costs as they grow, which is directly related to the economies of scale concept.

💡Market Share

Market share is the portion of the total market for a particular product or service that a business captures. The script explains that as businesses grow, they can achieve a larger market share, which in turn gives them more influence in the industry and attracts consumers.

💡Internal Growth

Internal growth is a business expansion strategy that involves increasing the size of the existing business operations. The video script provides an example of internal growth as a Russian owner opening another restaurant in a different town, funded by the profits from the existing business.

💡External Growth

External growth occurs when a business expands by taking over or merging with another business, often referred to as integration. The script describes different types of external growth, including horizontal and vertical integration, and conglomerate mergers, which are methods for businesses to expand quickly and gain market presence.

💡Liquidity

Liquidity in a business context refers to the ability of a company to pay off its short-term debts with its current assets. The script mentions liquidity problems as a common cause of business failure, highlighting the importance of cash flow management for business survival.

💡Business Failure

Business failure is the inability of a business to continue operations due to financial losses or insolvency. The video script identifies various reasons for business failure, such as lack of management skills, changes in the business environment, liquidity problems, and overexpansion, which are critical issues that entrepreneurs must address to ensure business sustainability.

💡Government Support

Government support for business startups can include grants, training schemes, and other incentives to encourage entrepreneurship. The script explains that governments provide such support to reduce unemployment, increase competition, and stimulate economic growth, which benefits society as a whole.

Highlights

Introduction to the lesson on enterprise business growth and size, covering key points such as enterprise and entrepreneurship, methods of measuring business size, reasons for business growth or stagnation, and the causes of business failure.

Definition of an entrepreneur and the benefits and disadvantages of entrepreneurship, including independence, risk-taking, and the potential for high income.

Characteristics of successful entrepreneurs, such as hard work, creativity, optimism, self-confidence, and effective communication.

Importance of a business plan for entrepreneurs, including its role in securing loans and guiding the initial years of a business.

Components of a business plan, detailing the description of the business, products and services, market analysis, and financial projections.

Government support for business startups through grants and training schemes, aimed at reducing unemployment and fostering economic growth.

Explanation of the multiplier effect and its role in attracting businesses to new locations, contributing to economic growth.

Methods and problems of measuring business size, including the number of employees, value of output, and capital employed.

Limitations of business size measurement methods, such as capital intensity and the potential for misleading output values.

Reasons why businesses grow, including benefits like higher profits, market share, and economies of scale.

Different ways businesses can grow, such as internal growth through expansion and external growth through mergers and acquisitions.

Problems linked to business growth and potential solutions, like decentralization and careful financial management.

Reasons why some businesses remain small, including industry type, market size, and the owner's personal objectives.

Causes of business failure, such as poor management, environmental changes, financial issues, and overexpansion.

The greater risk of failure for new businesses due to lack of resources, planning, and experience compared to established businesses.

Key terms related to enterprise and business growth and size, defining terms like entrepreneur, business plan, internal and external growth, and various types of integration.

Conclusion of the video with a summary of the lesson and an invitation for feedback, subscriptions, and further engagement.

Transcripts

hey friends my name is zee and you're

watching

you mr eazy and welcome to a new video

for igcc business studies and today

we have the specification point of 1.3

and which is enterprise

business growth and size and by the end

of the lesson you should be able to

describe 1.3.1

enterprise and entrepreneurship 1.3.2

the methods and problems of measuring

business size

1.3.3 why some businesses grow and

others remain small and 1.3.4 which is

why some

which is new or established businesses

fail

so check out the ping comment for all

the time stamps

and we move on now to 1.3.1 enterprise

and entrepreneurship

and will focus on the characteristics of

successful entrepreneurs

and for starters entrepreneur is a

person who organizes

operates and takes the risk for a new

business venture

and the benefits include independence

and they are able to choose how to use

time and money they are able to put

their own ideas into practice

and they may become famous and

successful if the business grows like

really big

and they may be profitable and income

might be higher

and they are able to make use of

personal interest and skills

but disadvantages could be there's a lot

of risk and many entrepreneurs

businesses fail

the capital entrepreneurs have to put

their own money into the business unless

they get a loan from the bank or other

investors

the lack of knowledge and experience in

starting and operating their business if

they are new to the industry

and opportunity cost which is the lost

income from not being an employee

of another business

then we have some characteristics which

includes hard working

and reasons why it is important because

long hours and

holidays are typical for many

entrepreneurs risk takers

like make decisions to produce goods and

services that people might buy

creative or creativity and the new

business needs

new ideas optimistic because they have

to be looking forward to be a better

future

to have a better future self-confident

to convince other people of your skills

and to convince banks

lenders and customers to convince your

service or goods and services or to take

alone

innovative and being able to put new

ideas into practice

independent and they have to work on

their own before they can afford to

employ other people

and an effective communicator by talking

clearly and confidently to banks

other lenders customers and government

agencies

then we have a content of business plan

and how business plans

assist entrepreneurs and a bank will

almost certainly ask an entrepreneur for

a business plan

before agreeing to a loan or overdraft

and by completing a business plan

the entrepreneur is forced to think

ahead and plan carefully about the first

few years

of their business and the entrepreneur

will have to consider the following

questions which includes

what products or services do i intend to

provide

and what will be my main cost and will

be will be enough products to solve to

pay

for them and where would the firm be

located

and what machinery and how many people

will be required for the business plan

and every business plan might be

different but generally business plans

contain the similar headings

which includes these right here

description of bit

of the business which provides a brief

history and summary of the business

the products and services like what is

intended to sell or deliver

and strategy for continuing on

developing products in the future

the market which is which describes the

market the business is targeting like

the user group the market

and there should also be a marketing

strategy and market research data should

be included

number four the business location and

how products will reach the customers

which you have to describe the physical

location if applicable

internet sales or mail order and also

describe how the firm delivers

products and services to the consumers

then we have organization structure and

management which describes the

organization structure

management and details of employees

required and it usually includes the

number of level of skills required for

the employees

any financial information which includes

projected future financial accounting

statements

for several years into the future the

sources of capital which includes the

owner's capital

or the revenue of the bank loans the

predicted cost

the fixed cost and the variable cost the

forecaster

cash flow and working capital and the

projection of

profitability and liquidity ratios

and number seven uh the missing strategy

which includes how to explain

or explain how the business intends to

satisfy customers needs

and gain brand loyalty a summary should

be included to bring together all the

points from above that should be

demonstrated

that all that should demonstrate that

the business will be successful

then we have the contents of a business

plan more about the business plan

without a detailed business plan the map

will be reluctant to lend money to the

business

this is because like the owners of the

new business cannot show that they have

the

thought of seriously about the future of

seriously plan

about the future and plan for the

challenges they will meet

so here's just an example of a business

plan

then we have why and how governments

support business startups like grants or

training schemes

and while government supports business

startups most government offers offer

support to entrepreneurs by encouraging

them to set up business

and reasons why the support is driven is

because to reduce unemployment

new businesses will often create jobs to

help reduce unemployment

and this thing called multiply effect

it's not in the

igcc business spec points but it's in

the iccc geography spec points and i

made a video about it in geography

and i'll link into the description but

anyway what the multiplier effect is

that

when the new business sets up it can uh

it can introduce or it can

um increase employment

and some job opportunities around the

area and this

in turns bring up the land prices around

it and more businesses will be attracted

to set up in that location

and number two to increase competition

new businesses give consumers more

choice and compete with already

established businesses like economic

growth

and to increase output the economy

benefits from increased output of goods

and services which include

which increases the gdp the growth

domestic product

to benefit society entrepreneurs may

create social enterprises which offer

benefits

to that society other than jobs and

profit

for example supporting disadvantaged

groups of society

and they can grow further and all large

businesses

were small ones by supporting today's

new firms

the government may be helping some other

firms that grow to become very large or

important in the future

which brings us back to the benefit

society

then we have 1.3.2 the methods and

problems of measuring business size

we have like for example the number of

people employed value of output

capital employed and missing size and

distance can vary greatly in terms of

the size for example the firms can be

owned and run by a single individual

and some business can employ and employ

like hundreds of thousands of people

or workers all over the world and who

find it useful to compare the size of a

business and it

includes the investors which before

deciding which business to invest

the government and their different tax

rates for small and large businesses

competitors to compare their size and

importance with other firms

workers to have some idea of how many

people they might be working with

and the banks to see how important a

loan to the business is compared to its

overall size

the most common way to measure business

size are including

the number of people employed the

workers to have all the employees

the value of output the value of sales

and the value of capital employed

and then here's more about the

limitations of methods of measuring

business size

the number of people employed some firms

use methods which employ very few people

but produce high output levels like

automated factories

these are called capital intensive firms

because they use

a lot of capital a lot of money to buy

the machineries to automate the

processes

the value of output a high level of

output doesn't mean that a business is

large when using other other methods of

measurements

a firm employing fewer people might

produce several very expensive computers

each year

this may give higher output figures than

the firm selling cheaper products by

employing more workers

the value of sales it could be

misleading to use this measure when

comparing the size of businesses that

sell very

different products for example market

store selling street

versus retailers selling luxury handbags

the value of capital employed this has

similar problems to the one of the first

one the number of people employed

a company employing many like many works

may use labor intensive methods of

production or like the workers

and this gives low output levels and use

little capital equipment

and then we have the benefits which is

1.3.3 why

some businesses grow and others remain

small

and heading is what the owners of

business may want to expand in business

which brings us to the benefits of

expanding business

which includes the possibility of higher

profits for the owners

more status and privilege for the owners

and managers which in turn

gives higher salaries and often paid to

the managers who control bigger

businesses

number three lower average cost which

relates to the economies of

economies of scale and number four

larger share of its market

which the proportion of the total market

sales it makes is greater

this this gives a business more

influence when dealing with supplies and

distributors

and consumers are often attracted of the

bit names in the industry

for example we know that google facebook

and other stuff

then we have different ways in which a

business can grow

there are two main different ways which

includes internal growth for example a

russian owner could open another

restaurant in the other towns

this growth is often paid for by the

like the profits off from the existing

business

this type of growth is often quite slow

but easier to manage than external

growth

which brings us to the second way which

is external growth which involves a

takeover or a merger with another

business

here are three examples of external

growth and the benefits

number one horizontal merger or

horizontal integration

and when one firm manages with optics

over another one used in the same

industry

at the same stage of production and the

merger reduces the number of competitors

and opportunities for economies of scale

number two vertical measure of vertical

integration

it's when one business merges with all

things over another one in the same

industry but at different stages of

production

and this separates into forward and

backward

and forward is when business integrates

with another business

which is at a later stage of production

which is closer to the consumer like at

let's say the tertiary industry tertiary

sector

and which is when merger gives an

assured outlet for its product and

retailer could be prevented from selling

competitive models of car and another

one is backward is when a business

integrates with another business at an

earlier stage of production

which is closer to the raw material

supplier which is in the primary or

secondary sector

and merger gives a supply of important

components and supplies could be

prevented from supplying another

manufacturers

and lastly is conglomerate merger or

conglomerate integration

it's when one business merges with

autism over another business

in a completely different industry this

is known as diversification

diversification and this means that the

business spreads

the risk as they diversify its activity

and there may be a transfer of idea

between different sections

or different sectors which the business

owns

then we have the problems linked to

business growth and how these might be

overcome

and not all business expansion leads to

success

and there are several reasons why

business expansion can fail to increase

profit or achieve the other objectives

set by the managers

and here's some problems resulting from

expansion and possible ways to overcome

and larger business is difficult to

control but you can operate your

business in small units

and this is a form of decentralization

larger businesses that business leads to

poorer communication which means a

longer chain of command

and you can operate the business in

smaller units and use the latest iot

equipment and

telecommunication but even these can

cause problems which

mean they may fail or may not be working

correctly

and expansion costs so much that the

business is short of finance

which means the cost increases then

a possible way to overcome is to expand

more slowly

and use profits from slowly expanding

business to pay for the further growth

to ensure sufficient long-term financing

is available

number four integrating with another

business is more difficult than expected

which means there may be poor management

and this can be overcome by introducing

a different style of management requires

good communication with the workforce

and they will need to understand the

reason for the change

then we have why some businesses remain

small

and why many businesses remain small and

not all businesses grow

there are several reasons why many

businesses remain small including

the type of industry that the business

operates in the market size which is

which means that if there's a mass

market on the niche market

and the owner's objectives and here are

the types of industry that the business

operates in

from the top here some examples of

industries where most businesses remain

small

are hairdressing car repairs convenience

store

which is about some convenience store

are quite big like 7-eleven

and businesses in this industry offer

personal services are specialized

products

and if they want to grow too large they

will find it too difficult to offer the

clothes and personal service demanded by

products

and we have the market size

if the market which is the total number

of consumers is

small the businesses are likely to

remain small

this is because even if your supply is

high your customers demand is low

and the owner's objectives some business

owners prefer to keep their

businesses small and they can be more

interested in keeping control over small

business knowing all their stuff in

customers

then running a much larger business

owners sometimes also wish to avoid the

stress and

worrying a worry of running a large

business

then we have 1.3.4 why some new or

established businesses fail

we have the cause of business failures

and not all businesses are successful

the rate of failure of uniform business

are high

and even all established businesses can

close down because they make losses or

run out of cash

and here are the main reasons for some

why like why businesses fail

including the lack of management skills

and the lack of experience

can lead to bad decisions and family

businesses can feel because the children

of the founders of business do not

necessarily make

good managers number two the changes in

the changes in business environment

the failure to plan for a change is a

feature in many of the later chapters

as it adds to the risk and uncertainty

of operating the business

new technology powerful new competition

competitors and major economic changes

are just some of the factors

that can lead to business failures if

they're not responded to efficiently

number three liquidity problems or poor

financial management

a shortage of cash flow or cash means

workers

suppliers and landlords and governments

cannot be paid for what they are owned

failure to plan or forecast cash flows

can lead to this problem and it's

and it is a major cause of businesses of

all sizes failing

number four over expansion of which is

the this economies of scale

when your business expands too quickly

it can lead to big problems of

management and finance

if these are not not solved these

difficulties can lead to the whole

businesses closing down

and then we have why new businesses are

at a greater risk of failing

many new businesses fail due to the lack

of finance and other resources

which includes poor planning and and

inadequate research

and in addition the owner of a new

business may let the experience and

decision making skills

of managers who work for larger

businesses this means that the new

businesses are nearly

always more at risk of failing than

existing well-established business

and also because of the new uh like

sorry not new but because existing and

well established businesses already have

their foot on the ground

and they have a stable income not sorry

they have a stable revenue

and know what the market is like so it's

really difficult for a new business to

just

join into the industry or market to and

it takes lots of time to actually

know and analyze the market

and then we have some key terms for the

1.3 enterprise and business growth and

the size

entrepreneur is a person who organizes

operates and takes the risk for a new

business venture

business plan is a document containing

the objectives

and the business objectives and the

important details about the operations

finance and the owners of the new

business

capital employee is the total value of

capital use in the business

internal growth is occurred it appears

when your business expands

its existing operations external growth

is when your business takes over or

merges with another business

it's often called integration as one as

one business is integrated into

another one takeover is our over or

acquisition

is when one business buys out the owner

of another business

which then becomes part of the predator

business which the business which has

taken and taken it over and the merger

is when the owner of two businesses

agreed of two business to

like to join the businesses together to

make one business

and horizontal integration is when one

business business merger with

or takes over another one in the same

industry at the same stage of production

then we have vertical integration

inventory integration is when one

business merges with artists over

another one in the same industry but at

a different stages

stage of production and vertical

integration can be forward or backward

and forward is closer to the consumer

stage and backward is closer to the raw

material stage

an area of conglomerate and integration

and diversification

conglomerate integration is when one

business merges with arctics over

business in a completely different

industry this is also known as

diversification

and that's it for this long video for

1.3 specifications for enterprise

business growth and size and i hope you

guys found it useful and found it

helpful and if you did

please leave a like and subscribe and

comment down below if you have any

questions or criticisms

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description for more daily content

and i hope you guys found it useful and

i'll see you guys in the next video

until then stay safe and

happy learning