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Q: What factors should be considered when deciding whether or not to crowdsource a particular part of the business?
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What Is The Credit Score Requirement For A Small Business Loan?

For a business loan, your personal and business credit scores (if relevant) are taken into consideration. Lenders will commonly accept a business credit score of 75 and above (primarily based on 1 to 100) and a personal score of at least 640.


Which statement is not true when deciding whether to provide contract financing to a contractor?

Offer financing only if the contractor is a small disadvantaged business.


What are the conditions to startup a business?

There are no specific conditions to start a business. A business shoudl be a registered and a legitimate one. Conditions to start a business are mainly dependent upon the planning, making key financial decisions and completing a series of legal activities. These are the steps which help you to startup the business.


What is the difference between business strategy and corporate strategy?

A business strategy deals with the direction a particular SBU (Strategic Business Unit) aught to move. This SBU along with other SBU's will be given resources to implement their strategy by the parent group, this parent group is the select few e.g. the CEO, CFO, President, and other corporate elite who collectively decide the corporate strategy. For example, Steve Jobs of Apple will decide the corporate strategy of his companies SBU's by deciding which area should receive the most attention. From this, the heads of these SBU's which range from computers, phones, to MP3 players, will then decide the business strategy for each product, they will have complete authority within their own unit (own product) while those involved in corporate strategy have authority over all business units.


What is maximizing a firm value?

Value can be broadly divided as perceived and the realized value. The perceived value is the one that determines the effect of the realized ones. The maximization of the value of firm relates to the concept that how the business of the firm is being perceived as in the business world. Creating a value through ones core competence and making your customer the king of your business helps in building the value of the firm. The firms value acts as the deciding ones for making the clients follow your business. In recent business scenario the profit motif has shifted to the value motif.

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What is the most difficult part of your role in the business?

Deciding who to fire, and hire!


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What are some important issues to considered upon deciding about how to proceed?

In deciding how to proceed, you must go eat a slice of your momma's chocolate chip banana bread.


What are the list of Factors to be consider in deciding to start a business?

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What factor would be considered when deciding upon a building material?

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