Essays on Small Business

Introduction

The Small Business Administration. (2012) reports that 66% of businesses survive past the first two years of operation while only 50% survive past the first five years of operation. The Small Business Administration. (2012) also reports that these trends have endured over a long time. These findings prompt the question as to why small business are predisposed to fail. The purpose of this paper is to answer this question.

Discussion

Various reasons have been proposed to explain the failure of small businesses. Bates (2014) attributes the failure of small business to shortages in cash flow. This factor can be either ...

Introduction to Entrepreneurship

Introduction to Entrepreneurship

Introduction

The term ‘entrepreneurship’ became very popular in the 21st century when people recognized the importance of introducing major changes in the world. Today, many people abandon their career as an employee and start entrepreneurial ventures with intent to earn unlimited income and to meet their self-actualization needs. Considering the scope of entrepreneurship in supporting a country’s economic growth, governments worldwide are willing to finance potential entrepreneurial start-ups today. This paper will critically explore the scope of entrepreneurship, giving particular emphasis to the operations of small business houses.

Obviously, time and money are two important factors ...

Similar to other types of emergencies, disaster planning must also take into consideration the likelihood of a flu outbreak, which may, or may not be mitigated through the use of flu shots, which have been known to be unreliable in the past. The goals and objectives of Baltimore’s Office of Sustainability involve protecting the safety, health, and welfare of the residents and visitors of the City of Baltimore (Baltimore Office of Sustainability , 2017). This paper will analyze the case study considering the options and organizations required to deal with a flu outbreak in the community, and a high ...

Benefits of Food Truck Business for the Communities

Food Truck Business brings a lot of value to the communities and customers that they serve. The most important aspect of food trucks for the customers is that the food is delicious and cheap. That is the reason why people love it. Food trucks basically offer a lot of room for creativity and it offers gourmet creations, as well as, exotic ingredients to its customers. Most importantly, they are convenient whenever someone is looking to have a quick snack, and they are also perfect for casual dining.

Advantages of Food Truck Business

Food Truck Business offers a lot to first-time business owners and entrepreneurs. ...

Project Proposal: The Risk of Starting a Small Business by an Emarati's Women By Taking a Loan from Abu Dhabi Islamic Bank

Introduction

Over the years, various steps have always been taken to ensure that the Emirati women are then able to be empowered. This has included through the various issues such as the increase in their involvement in the workforce and further the setting aside of certain positions within the society that need to be filled with women. All these steps have been taken to empower women. Even though these measures may be deemed to be similar to many ...

Set-asides are contracts awarded exclusively to small businesses to encourage their participation. There are several opportunities for small businesses to participate in business with the US government, the largest single buyer in the world. I would recommend the company to bid supply contracts under the prime contracts category. The company can benefit from the federal government’s goal that 23% of the total dollar value of contracts should be given to small businesses. Supplies are easy to deal with since no technical or specialized knowledge is required. Besides, the company qualifies for the contract since it is a small ...

Employee Benefits Plans For Small Businesses

Employee benefits are very crucial in the lives of employees together with their families. Employees will consider benefits if they are to work for an employer. There are those benefits that employers must provide as required by the state while others are optional and it is the employer who decides whether they can offer the benefits or not. Most benefits provided include employee social security, unemployment insurance taxes, employee compensations, disability insurance, leave benefits, family, and medical leave (United States Small Business Administration, 2017). On the contrary, optional benefits may include COBRA benefits, employee incentive programs, health insurance, and ...

INTERNET BUSINESS

Abstract: A usage of internet has become popular in the field of business. E-business is the business which the business owners can sell and buy the products over the internet. It keeps the preserve to hold the position on the competitive market. It helps to increase the role of internet and increase the market share. With the help of websites, the startup business has been utilized the essential characteristics of the business facility provided on the internet business. The improvement of information technology in the internet business plays an active role in the startup business. It offers online service ...

Business-Government Trade Relations

Introduction Since the question that needs to be resolved by examining real-world examples involves understanding whether government intervention in international business trade is harmful or helpful in businesses, picking Micromac Techno Valley Ltd. was a simple choice. The company works in the area of software and website development and that caters to the financial or banking industry in particular. Some of the products that they have designed so far are eDeal, DigiDoc, eDoc and PBMS and which cater to the banking industry in Bangladesh. Apart from this, they also design websites for a number of small businesses while also ...

Business Management and Entrepreneurship

Introduction Business management or being an entrepreneur is one of the interesting jobs but also challenging. Entrepreneurs or business managers face various challenges as they manage their business. Some of the challenges can include coming up with products/services that attract customers, executing different business objectives, recruiting and retention of the right employees and also maintaining a wide range of business laws and regulations. In most cases, entrepreneurs that are most successful in managing their lines of business have a conceptual knowledge in managing business functions. Therefore, it is important for an entrepreneur or business managers to take business management ...

Abstract

Entrepreneurship refers to the willingness or the ability of an individual to start and manage a Business Venture. The risks associated with the new Business Venture are taken into account and the individual develops the plan to manage those risks and implement the plans in order to make profit. Such an individual can be referred to as an Entrepreneur. A new business venture depends heavily on innovation, inspiration, motivation and human and non-human resource planning and the risks associated with these factors. An individual faces two options after graduation, whether to start a business venture or join an organization ...

Introduction

Any new business must build its own roadmap, otherwise it is just like doing a project without a plan, and the results might be disastrous – it is good as not doing business at all. Creating a start-up budget is building a roadmap for a project or business. This is the most delicate and complex for a starter businessman/woman, but it is the wisest move to make. When you build a roadmap, you are anticipating possible problems for a business that is still unclear, which means you are looking ahead. A business owner must look beyond years, must be a ...

“Professionalism is knowing how to do it, when to do it, and doing it”,. Often we witness the term ‘professionalism’ being used to describe a wide range of skills, attitudes and behaviors; thus creating confusion. In order to eliminate such confusion, it is rather important to understand what professionalism really means and how to practice it. The crux of an array of formal and informal definitions illustrating professionalism is that the term refers to the specific skills, qualities and conduct required by a certain occupation. Although brief and vague, this definition efficiently captures the comprehensive nature of the term. ...

Introduction

The concept of changing mindset transcends to both the personal perspective of every individuals to shift from career to entrepreneurship and the organizational perspective of shifting into a learning organization. Furthermore, the concept of changing mindset will be elaborated by analyzing a case study and the article by Seddon and O’Donnovan (2010). In he first part, the changing mindset was demonstrated by the case of Andy who successfully established a small business instead of staying in his career. It is apparent from the case that changing from career into a small business entrepreneur can be a challenge, but ...

Proposal for Business Plan Model for EMR Project

Proposal for Business Plan Model for EMR project Business Plans are documents that represent the specific details of a business covering three major aspects of a business – the concept, market for the intended product or service and the financial sources which are further broken down into summary of the plan, details of the business, marketing strategies, competition assessment, growth strategies, operations and management, and financial information (Burns Millyard, 2016). The primary purpose of the business plan is to demonstrate the objectives and direction of the business .Six typical of Business plans have been described as start-up, internal, strategic, feasibility, ...

New business owners often find themselves facing issues they had not previously considered when starting a business. Many new owners have recognized the need for their product or service and have identified a market for it. They are prepared for that aspect; it is how they came to start their own business. Other aspects however, such as accounting, employee oversight, and taxes are areas where most people have little expertise without actively taking the time to learn about these issues, but where many of the struggles small business owners face are originated (Collamer, n.d.). There are several basic areas ...

Entrepreneurship Resource planning system

Many organizations in the world have taken the initiative to enhance the quality and efficiency of their operations. As a result, they have integrated entrepreneurship planning software in their systems. Entrepreneurship resource planning system assists global businesses in integrating their vital business functions such as inventory, planning, finance, purchasing, and marketing among many others. Businesses in the world are finding the system of great use because it is able to enhance the efficiency of a business. Since the development of ERP systems, many companies have seen its worth to integrate. In fact, during that time the systems played a ...

Considering the fact that majority of the potential customers in the world are geographically distributed outside the US market, a significant factor to consider in the expansion to the global markets is the advancement of favorable trade agreements. North American Free Trade Agreement is a regional trade agreement that seeks to facilitate the free flow of goods, services, and labor as well as to improve political relations of the US, Mexico, and Canada (Villareal & Fergusson, 2015). NAFTA offers a number of advantages for US small businesses. For a small business seeking to expand into the global market, the establishment ...

STATEMENT OF AUTHENTICITY 3

PERSONAL MISSION STATEMENT 3 ELEVATOR SPEECH 3 EDUCATION 3 DeVry Plan of Study 3 DeVry Course Description 4 DeVry Academic History 4 RESUME 5 Objective: 5 Professional Summary: 5 Education: 6 Work Experience: 6 Skills: 7 PROFESSIONAL DEVELOPEMNT AND TRAINING 7

REFERENCE 8

REFERENCE LIST 10 AWARDS AND ACCOMPLISHMENTS 11 VOLUNTEER HISTORY SECTION 12 PROFESSIONAL AFFILIATIONS 12 CAREER PATHING 12 1 Year Goals 12 2 Year Goals 12 5 Year Goals ______________________________________________________________________12 STATEMENT OF AUTHENTICITY I acknowledge the work provided as the author of the information and I present the information and attached documents as my original work. The provided description ...

<<Student Name>> <<Professor Name>> <<Course Title>> <<Date>>

Let’s analyze the positions held among Group 1 arguments and Group 2 arguments using the Toulmin methodology.

Group 1: The Halifax Convention Centre Developer should be responsible for businesses losses of neighboring businesses. Group 1 begins its argument with a good introduction of the subject at hand. According to Toulmin’s methodology, an introduction to the subject provides a good hook to the reader – as to the content of the argument and enhances interest levels for further introspection. The introduction gives a good overview and context as to the reasons for developing the new Halifax Convention Centre.

Group 2: The Halifax Convention Centre Developer should NOT be responsible for businesses losses of neighboring businesses.

...

Contrary to a person, who can exercise their responsibilities directly, companies are inanimate bodies without such capabilities. However, the stakeholders of a company are able and supposed to undertake the corporate social responsibilities, which is vital to the sustainability of a company. According to Steve (20), a company has the responsibility of delivering quality products to its customers and protects the welfare of the society while complying with the laws and regulations of the government in which it operates. The ability of a corporation to adhere to its corporate responsibility significantly determines its level of achievement (Steve 133). It ...

Internal Analysis

The process of internal analysis helps in identifying and evaluating an organization’s capabilities, resources, and core competencies. Internal Assessment The internal assessment has three main components that are resources, value chain, and core competencies. The assessment of these components helps in determining the internal strength of the company.

Resource Based Views

The resource-based view helps an organization to analyze the tangible and intangible resources that are available at the disposal of the firm and can be used. These resources are determined to develop a competitive advantage of an organization. The main aim of the model is to analyze the internal resources ...

There have been a lot of documented events wherein large scale multinational corporations have been successfully victimized by cyber security and information system attacks. It is surprising and frightening at the same time that even those corporations are being targeted despite the fact that they are the ones that are very much capable of setting up formidable information system defenses against malicious entities. In the case of Sony, one of the latest victims of cyber security breaches, their latest announcement suggests that they are investing $15 Million for a more formidable cyber security defense. Evidently, their previous budgets were ...

U.S. Senator, Missouri

2011-Present

Personal Background Martial Status: Married to Abigail Blunt Education: B.A. History, Southwest Baptist University (1970) https://ballotpedia.org/Roy_Blunt M.A. History, Missouri State University (1972) https://ballotpedia.org/Roy_Blunt Previous Experience: Clerk of Greene County, Missouri (1972-1984) https://ballotpedia.org/Roy_Blunt Missouri Secretary of State (1985-1992) https://ballotpedia.org/Roy_Blunt President, Southwest Baptist University (1993-1996) https://ballotpedia.org/Roy_Blunt U.S. House of Representatives (1996-2010) https://ballotpedia.org/Roy_Blunt

Committee Assignments:

Appropriations Committee 2011- present https://ballotpedia.org/Roy_Blunt Commerce. Science, and Transportation Committee 2011-2016 https://ballotpedia.org/Roy_Blunt Rules and Administration Committee 2011- present (became chairman 2015) https://ballotpedia.org/Roy_Blunt Joint Committee on the Library 2015- present https://ballotpedia.org/Roy_Blunt Joint Committee on Printing 2015-present (vice chairman) https://ballotpedia.org/Roy_Blunt Committee on Armed Services 2013-2014 https://ballotpedia.org/Roy_Blunt

Sponsored Legislation

2016 https://www.govtrack.us/congress/bills/browse?sponsor=400034#bill_type[] ...

Bose, S. (2016). Xerox (XRX) Misses on Q1 Earnings, Split Likely in 2016. Zacks. Web. 21 July 2016. Supriyo Bose (2016) discusses financial results of Xerox Corporation in first-quarter of 2016. Despite a little decline in earnings some years ago and a challenging macroeconomic environment, a company has improved its positions and productivity that resulted in adjusted earnings. The author informs about the current economic environment, financial result of Xerox, and provides points of view of experts on how to increase earnings.

Areas of Agreement

Supriyo Bose (2016) proclaims that Xerox has adopted a decision to provide a three-year strategic transformation program ...

Finance is a vast area of discussion that requires one's dedication and interest to understand it better. Under finance, there are major issues like corporate financial policy which has a lot to be studied. The corporate fiscal policy is defined as an innovative corporate finance course that mainly touches on equity and debt management, for example, the descriptions of types of debt and equity, distribution policy and security issuance, for instance, the design of capital structure and securities that controls information problems. The sub-topics in securities and financial policy can be discussed in details as below.

Debt and equity management.

Debt and equity ...

Acme Fireworks

A number of factors are to be considered when it comes to taking the decision of the most favorable business structure for a specific commercial venture. Given the situation of Acme Fireworks, the pros and cons that need to be weighed before deciding on the business structure include the offering of highest protection, the highest investment return, and the most favorable rates of taxes. When there is a need for liability consideration, along with needs of employment and huge contracts, the recommendation to Acme Corporation owner would be to amend his status from the present sole proprietorship to a ...

A visit to the local small supermarket which does not belong to the big chains that have the last invention equipment for preventing from fraud shows multiple possibilities of performing small crimes that, if they persist, can cause big damages to the owner. There are five departments in the store: food (fresh and frozen) department; fruits and vegetables department and department for different house wares. The biggest is the food-staff department which occupies about three thirds of the place of totally 600 sq. m. At the exit gate there is a small kiosk for cooked food and sweet shop. ...

At one point during the life of a small business, the owners find themselves with the decision of whether or not to change from a manual system to a computerized system. There is an incentive for small business owners to automate the processes. Among other reasons, automation eliminates the mundane tasks that take up the time of the employees (Moore and Justin 536). For instance, the generation of reports by an accountant can be laborious when done manually. However, a computerized system will allow the accountant to generate reports quickly and allow more time for other tasks. Additionally, automation ...

Business Organization

Business Organization The businesses are organized in diverse ways whereby, the form chosen influences the owners’ liability and the company treatment of the tax. The most common types of the business in the global are the proprietorship, partnerships, corporations, and limited liability companies. These forms of the business have different structures, the number of members and amount of capital. According to U. S Small Business Administration (n.d), the partnership is the best form of the firm. It is the form of the business where two partners agree to participate in business. Each party is expected to contribute money, skills, ...

Introduction

Industrial and organizational psychology is an important part of management, because the psychological environment, the atmosphere on the working place influences the productivity of the employees. Its history starts in the 19th century when the active industrialization of the Western world began (Spector, 2012). Many organizations suffer from problems with the personnel when they decide to ignore the basic issues of the organizational psychology (Spector, 2012). It is possible to state that the optimal application of the main principles of industrial and organizational psychology gives managers a possibility to increase the efficiency of employees and thus increase the company’ ...

Introduction

Leadership is defined as the art and science of moving people from one point to another. This means that leadership refers to a situation where a person prepares the minds of his or her followers in order to work to attain a certain set of goals as a team or group. Leading brings people together for the attainment of results and the conduct of active work. Leadership might be construed as a process “by which one individual consistently exerts more impact than others on the nature and direction of group activity”. Leading in the context of businesses and companies ...

BUSINESS MEGA TRENDS ANALYSIS IN RETAIL SECTOR

Business Mega Trends Analysis in Retail Sector When E- commerce was introduced as an option to conventional trading, little did the business experts know that it would grow into the most preferred business transactional process in a span of just ten years. Today technology, market forces, customer satisfaction and ease of transactions are the factors which determine the success rate of a business enterprise. These factors, also known as Mega trends are driving changes in the retail sector and unless retailers recognize and restructure themselves to build a competitive edge in the present international market, they may be heading ...

1. What is the definition of a tort? Tort is “a wrongful act, not including a breach of contract or trust, that results in injury to another's person, property, reputation, or the like, and for which the injured party is entitled to compensation.” (Merriam-Webster) 2. What are 2 types of damages you may receive if you are successful in a torts cause of action? “Legal damages can encompass economic losses, such as lost profits, as well as punitive damages, which are awarded to plaintiffs as a way of punishing malicious wrongdoers. “ (Wrongful or Tortious Interference with Contracts.) 3. Name ...

Business Law

Business Law The most important aspect when launching a new business is to determine the type of business structure to be able to make the business a successful venture in view of the legal and tax implications that are part of the selected business structure. The six types of business structure shared on U.S. Small Business Administration (2016) website are as follows:

The most basic form of business type and is owned by one person, form a legal standpoint the business has no separate legal identity and the owner can be sued in their own name and the owner ...

Market strategies are effective when they identify and understand the audience and select appropriate channels to reach their audience. Effective marketing also differentiates itself from competitors. . Red Bull has accomplished these effective strategies, not only by using traditional modes of marketing communications, but also in using non-traditional strategies. Traditional strategies of marketing communications include the use of magazine advertisements, television spots, billboards and direct mailing of information or samples. Promotions through the use of discounts, rebates, contests, events and sponsorships or endorsements are also traditional methods. Non-traditional methods may include the creation of an entire magazine or the promoting ...

A disaster typically presents a community with the inability to cope without the assistance of outside sources. The political and economic impact on a community is enormous. Without funding, communities would not survive disasters.

Political Impact of Disasters

Political disruption in a community can occur as a result of a disaster. Disruption in politics can result from social activism and other sources of community conflict. Social activism can arise as victims of the disaster may feel additional victimization by a conflict of the goals of recovery by citizens and government. Citizens may seek collective action to address their grievances. Other sources of community ...

360 Degree System

Chapter 1

Introduction: Performance appraisal is the critical tool in the human resources management for the achievement of the organizational goals and the objectives. This performance appraisal helps to improve the employee’s strength and weakness. Based on the performance appraisal, the performance of the employees can be measured and evaluated. 360 degree review is the appraisal approach and it is defined as collecting feedback from multiple sources of the input of employees, colleagues, seniors to evaluate the performance appraisal. The research mainly focuses on the validation and reliability of the appraisal system which makes convenient for the ...

Thesis: Small businesses rely on marketing philosophies and creativity and need relevant knowledge to excel. The following articles on small business operation enforce this statement.

Article One: Small Business Adoption of the Marketing Concept vs. Other Business Strategies

Small and established businesses alike adopt styles of doing business to achieve their goal as an entity. These goals are geared toward the prosperity of business, hence the need to a department handling the idea and practice: the marketing department. Businesses tend to adopt a set of ideas that can offer the greatest value to the business. This article refers to theses sets of ideas as business philosophy. This article is expressive of the ...

Article one: Social Media Marketing in a Small Business: A Case Study

This article recognizes that marketing is an important activity that is crucial for the success of business. Small businesses rely more today on exploiting marketing opportunities that are oriented more through the word of the mouth. In particular, when small business enterprises want to acquire new customers, they rely on establishing relationships with customers through recommendations. This was an effective way for small businesses in a business environment where technology had not taken root. However, with today’s changing business environment, small businesses need to leverage technology capabilities that have been enabled by social media so as to create ...

Westminster Business School

Module Code: BHRM 401 COURSEWORK ONE CAREER PATHS INTO MANAGEMENT AND THE FOUR REMEDIAL STRATEGIES Seminar Leader name: __________________ Abstract Rees and Porter model and concept of managerial escalator fits in the two mangers career path in becoming the managers. Both the mangers begun their careers as specialist. Overtime, they gain more experienced and received relevant training that prepared them to carry out their current roles. The trainings equipped them with vast managerial skills which satisfied Rees and Porter concept of hybrid managers. Furthermore, the trainings helped reduce managerial gaps as both the mangers showed great love and respect ...

AdGrove.com

Adgrove.com is an internet advertisement infomediary or adfomeiary that specializes in providing radio advertisement information to small businesses that are looking to advertise on radio . The company presented a business plan to potential investors in order to raise setup capital. The plan presented the overview of the company, the target demographic, the marketing strategy, the operations strategy and the financial overview. Creating and buying ad spaces is a time-intensive process that involves several hours of transactions (sometimes to the tune of 3 weeks) and several disparate pieces of information. As such these activities are very expensive for small business ...

Importance of Entrepreneurial Activity to the UK Economy

Introduction Constantly growing and developing economic relations, both between countries and between participants within a country, are prerequisites for the creation of new forms of business. Entrepreneurship is an important, but not the only factor in economic and social development of many countries (Waschik, Fisher and Prentice, 2010). However, uncontrolled, no adjustable (wild) business (without the supervision of the state) is just as harmful as the administrative-command system. Entrepreneurship is essential for the development of a competitive environment, in order the final consumer of products has the right to choose, but does not content with goods offered to him/her ...

The financial plan is presented as below:

Financial Plan The following would be the projected income statement for the Company in the first year of operation. The profit for the business in the first year can be expected to be higher than a thousand dollars. The asset planning for the business can also be presented in the following table. The asset has been prepared keeping in mind the conservative policy of asset planning.

Guerrilla Marketing Plan

Guerrilla marketing is all about understanding the market and competition dynamics and using unique ways of marketing ideas and products. For the expansion plan that is under consideration, the following aspects could be ...

Executive summary.4

THE TEAM..4

MANAGEMENT TEAM PROFILE AND OWNERSHIP STRUCTURE4

ADVISORS.5 PROFESSIONAL SERVICES5 HUMAN RESOURCE REQUIREMENT.5-6 THE BUSINESS ENVIRONMENT6 BUSINESS SUMMARY AND HISTORY..6

INDUSTRY OVERVIEW6

Consumer trend 6 Seasonal factors6 POSITION IN THE INDUSTRY.6-7 Legal issues.7 Competition7 Use of technology7 THE MARKETING PLAN.7 TARGET MARKET7 The competition 7 SERVICES.8 PRICING STRATEGY8 SALES/DISTRIBUTION PLAN8 Credit term and guarantees..8 ADVERTISISNG/PROMOTIONS PLAN..8

Public relations.9

FINANCE.9 INCOME STATEMENT9 CASHFLOW STATEMENT.9-10 BALANCE SHEET10 RISKS AND CONCLUSIONS10-11 Introduction/Executive Summary The new generation clothes line is an organization which started as a small business venture by providing quality materials to both genders men and women. The business venture began as a small clothes stall with limited stock in ...

Executive Summary

This paper is a market entry analysis report about Arla Foods, a global dairy giant that seeks to enter the newly opened markets of Cuba. It commences by analysing the internal systems and processes of Arla Foods. The analysis identifies that Arla Foods has a strong financial position and it is owned by dairy farmers who have a strong focus on innovative products. The products are in three classes –basic, enhanced and organic. The basic is extremely cheap and might be ideal for poorer countries around the world due to the fact that it is cheap and can be ...

Purpose of the Video

The video summarizes how Marcus has helped Mr. Green Tea to transform from a mom-and-pop shop into a national brand. First, Marcus helped Mr. Green Tea to set up a new facility that would enable the business to improve the quality and the quantity of the green tea the business produced. Second, Marcus gave them the confidence that is required in making Mr. Green Tea. Marcus exploited his leverage to create a business network that provided Mr. Green Tea with the ability to become a national brand. Third, Marcus provided mentorship to Michael and other family members. For instance, ...

Business

Every year hundreds of people in different countries across the world take a chance and try their faith and start their own small business, which requires a lot of hard work. But for those who survive, the rewards is worth a try. An entrepreneur is an individual, who starts building up his business with limited amount of resources, knowledge, planning, who should always take into account all the risks, remuneration and rewards of his business venture. Business ideas of new start ups set up by entrepreneurs are usually new to the market – an innovation, product or service, but not ...

Business Exam

Unlike business organizations, profit is not the main purpose of the non-profit organization. Non-profit organizations have the right to engage in entrepreneurial activity and they can make a profit, but this can be only a minor activity and it only serves to achieve the objectives for which this organization was created. Non-profit organizations may be created in order to achieve social, charitable, cultural, educational, scientific and management purposes, and for other purposes, aimed at achieving the public good. A non-profit organization can be created as a public organization, a fund, an autonomous non-profit organization, non-profit partnership, institution, association. The ...

Reflections on How I Became an Entrepreneur

Introduction We live in societies of high unemployment and low real wages and therefore it is inevitable for the economies to increase the demand for labor and create a set of new sources of income. This can be so by encouraging the creation of new firms, thereby generating not only profits for the owners but also new jobs (Bridges, O’Neill, & Cromie, 2013). This is a context that encourages the economy to benefit from the individuals with entrepreneurial abilities to practice such traits and become entrepreneurs. A critical aspect of this process is that the policy option of encouraging ...

Microenterprises such as small restaurants, landscaping services, and brick stores among others serve a critical role in the economy of a nation. In most cases, micro enterprises may not qualify for big bank loans. It is because of this that intermediary lenders offer them microloans. A microloan is a loan up to $50,000 for small businesses. In the United State, the U.S. Small Business Administration provides funds for the intermediary lenders, usually community-based organizations that have formal structures and experience in leading and technical support. Intermediaries would require collateral and a personal guarantee from the investors. The collateral ...

Assignment number

Imagine you are starting a small business and it is your goal to create a successful business. What is your business? What products and/or services are you selling? 


What industry are you in? Conduct a 5-Force Analysis. Is this a “good” industry to get into? Why or why not? 


Who are your direct and indirect competitors? 


What is your competitive advantage? How will you create a sustainable competitive advantage? 
 Create a Situational Analysis (SWOT Analysis) for your business. 
 How will you compete with your direct competitors? What is your positioning strategy? Explain why this would be an effective strategy.

Question 1

If I were to establish a small ...

Background of the Problem

It is important to notice that entrepreneurship is one of the most discussed phenomena in academic research literature. There is a great amount of studies proposing multiple theories and concepts that define entrepreneurship, yet there are still more questions than answers in this area. Designating the factors of success in this area is difficult, as each case of entrepreneurship is individual. Entrepreneurship is vital for the economy of the state. For instance, the survey conducted by Jean Yusuf among entrepreneurs determined that the entrepreneurs can alter the world by contributing to the world economy with their innovations that make ...

Business

This essay will cover a reflection of my experience with simulation of Biz Café. Therefore, after going through this essay, you will be able to have an idea concerning what I learned from the Biz Café simulation and how it operates. Firstly, my main concern will be about the challenges we faced as a team, and they were overcome. Importantly, I will illustrate how the team made the coffee connection to run a successful coffee shop. Lastly, I will discuss my thoughts on teamwork and the significant factors of operating a small business.

Our objectives were to be the ...

Introduction

Cloud computing is a considerably new development which has taken root in the business world (King, 2008). Mell & Grance (2011) define cloud computing as a model that enables the convenient, ubiquitous, and network access to configurable computing resources that are pooled together. These resources include computer services, network servers, networks, and storage space for data. These resources can be provided to prospective customers and also forfeited without the need for significant management effort. The interaction between the provider of cloud computing services and the customer is also not required for this model (Mell & Grance 2011). Cloud computing consists of ...

Small businesses assist in the generation of economic growth in every country. They represent a high percentage of all the employer firms in a given state. The outputs of the small businesses make up the large part of the gross domestic products (McFarland, Mcconnell and Geary 1). In those countries where the impact of the small business to the economy is so high, the leaders formulate more laws to support the interests of the small businesses. It is evident that for the opportunities of the small enterprises to be facilitated, there should be an environment with an efficient regulatory ...

Introduction

I am a twenty one years old white man who has been raised in a middle class family. My parents were wealthy when compared to most families within the region. I was brought up in a family of four; me being the last born. My siblings are: Amanda (31), John (29), and Josh (26). The trend and the age differences between my siblings is a sure proof that I was born out of accident. My mother conceived out of will and they did not have an option but to bring me up. Also, I have been hearing hearsays from ...

Introduction

The primary objective of this term paper is to examine the intended and unintended consequences of the Split Roll taxes in California. Also, the term paper will address how commercial and residential property owners will bear the costs of Split Roll taxation system. Finally, I will offer alternatives to the Spilt Roll taxes and why I think they are ideal choices. I don’t support the Split Roll taxation since it would treat commercial property unfairly. Leaving out residential property in the current taxation system is not ideal since all individuals should be subject to a standard tax system. ...

There is a considerable and sizeable population of small business in the US economy. Statistically speaking there are over 28 million small business that occurs with small business specifically indicating businesses with fewer than 500 employees. Over 22, million individuals are self-employed without any additional payrolls or having employed other persons. Of the working population, a considerable percentage of over 50% that translates to 120 million individuals work in the small business (US statistics and data, 2016). Small business on average have modest turnovers that attract income taxes on the cash generated. Business entities are relevant in the generation ...

Initiating a small flower business can be challenging because of fear of not obtaining clients or not being able to satisfy fully what customers need effectively. However, to Janet Walsh, there are a lot of opportunities in business that are relevant for an entrepreneur like her. First and foremost, Janet Walsh recognizes that for her business to succeed, she must have clients and so does any good consultant. Thus, consultants take a disciplined approach to finding as well as maintaining client relationship. This requires that they know their market and understand the difference between publicity and public relations. Consultants ...