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What would most likely result in an entrepreneur improving the profitability of his or her business?
Wiki User
∙ 12y ago
The entrepreneur comes up with a more efficient way to make products.
Wiki User
∙ 12y ago
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A young entrepreneur recently decided to expand his steel business into a small industrial town in Indiana. Which of the following could be a likely effect on the economy?
There would be more job opportunities for the local population
What is the difference between entrepreneur and an intraprenuer?
entrepreneur is starting a business while intraprenuer is developing a new product in an already existing business. An entrepreneur takes substantial risk in being the owner and operator of a business with expectations of financial profit and other rewards that the business may generate. On the contrary, an intrapreneur is an individual employed by an organization for remuneration, which is based on the financial success of the unit he is responsible for. Intrapreneurs share the same traits as entrepreneurs such as conviction, zeal and insight. As the intrapreneur continues to expresses his ideas vigorously, it will reveal the gap between the philosophy of the organization and the employee. If the organization supports him in pursuing his ideas, he succeeds. If not, he is likely to leave the organization and set up his own business. **
What are the differences between sole trader and entrepreneur?
An entrepreneur is someone who starts up a new business. It can also be used for someone who has an "entrepreneurial" spirit. One who enjoys starting new businesses and is not likely to work for someone else. An entrepreneur may also startup a business, sell it to someone else or acquire partners, and then continue to start up other businesses. A sole proprietor is the owner of his or her own business. Sole proprietorship generally refers to the type of ownership of the business and has less to do with the personality of the person who owns it. He could have started the business from nothing (which would make them also an entrepreneur) or they could have purchased it from someone else or inherited it. Someone can own a business that they started 50 years ago. A trader is someone who buys and sells. He might buy and sell stocks (or other securities), commodities, properties, or anything else. They are usually in the business of making profit by effectively buying and or selling things for short periods of time.
What is the growth potential for the handyman business?
I believe that with the fear of selling a home or buying a home for whatever economic reason. People will turn to remodeling, improving, and rehabbing their homes. They, more than likely, have the money or are not afraid to borrow the money to do a remodel. So, with that said, I think the potential for handyman business growth is great.
What are qualities and flaws of business plan?
Qualities of a Business PlanSeveral qualities of a well-established business plan in the corporate world offer a sharp business advantage. The first quality of a business plan is that it offers a good platform for a business to present its goods and services to the prospects. As a part of the daily business operations, a business plan often acts as a guide for a client to go through the daily operations of a company and hence know the firm in a much better manner. A business plan presents the vision and mission statements of a firm that is where the company is headed and where it wishes to go. Through a business plan, an entrepreneur is to assess the risks and challenges that a business is likely to face in the future.Flaws of a Business PlanWell, there are not many flaws of a business plan until and unless it's a perfect one. However, a business plan can take a lot of time in the making and can take a toll on your nerve too. In addition, the information you need to format a business plan is not so easily found. It is because of its time consuming nature and complexity, some firms find creation of business plan totally unnecessary.
Would most likely result in an entrepreneur improving the profitability of his or her business?
The entrepreneur comes up with a more efficient way to make products.
Who would most likely result in an entrepreneur's improving the probability of his or her business?
An entrepreneur improving his or her business in extremely unlikely to result in some person coming into being - unless the entrepreneur is so happy with his/her financial success that he/she decides to make a baby!
Why is it important to consider an entrepreneur's personal finances when conducting the short and long term financial forecasts of a firm?
An entrepreneur, especially when starting out, is likely to either operate his or her business as a sole proprietorship or partnership. As such, an entrepreneur is both legally and financially liable for the business. If an entrepreneur is showing certain spending and banking habits that do more harm than good, then it is both a good indicator of how the entrepreneur will run- is is currently running- his/her business and a strong sign that the entrepreneur is very likely to pull money out of the business in times of trouble. While even the most organized and successful entrepreneurs will pull money out, a bank has reason to worry about lending if the entrepreneur frequently runs into problems that require withdrawals from the business, which might stagnate growth or even destroy the business. If an entrepreneur messes up their personal finances, they are much more likely to hurt their business's chance to grow and succeed, which could lead to the business closing its doors and the entrepreneur in deep financial troubles...
What do you mean enterpreneure?
An entrepreneur is most likely a very successful business person, possibly a real estate broker or CEO of a huge company. How to tell if they are is uncertain unless you ask them directly.
In estimating the profitability of a catering business is most likely to be considered a fixed expense in your overhead costs.?
An example of a fixed cost for catering would include rent; utilities, equipment and insurance.
In estimating the profitability of a catering business blank is most likely to be considered a fixed expense in your overhead cost?
An example of a fixed cost for catering would include rent; utilities, equipment and insurance.
How do you spell enterpeur?
The likely word is "entrepreneur" (enterprising businessman, from the French).
A young entrepreneur recently decided to expand his steel business into a small industrial town in Indiana. Which of the following could be a likely effect on the economy?
There would be more job opportunities for the local population
What is the difference between entrepreneur and an intraprenuer?
entrepreneur is starting a business while intraprenuer is developing a new product in an already existing business. An entrepreneur takes substantial risk in being the owner and operator of a business with expectations of financial profit and other rewards that the business may generate. On the contrary, an intrapreneur is an individual employed by an organization for remuneration, which is based on the financial success of the unit he is responsible for. Intrapreneurs share the same traits as entrepreneurs such as conviction, zeal and insight. As the intrapreneur continues to expresses his ideas vigorously, it will reveal the gap between the philosophy of the organization and the employee. If the organization supports him in pursuing his ideas, he succeeds. If not, he is likely to leave the organization and set up his own business. **
What are the Challenges of business networking to the entrepreneur?
The main challenge of networking and becoming an entrepreneur . Is the ability to recruit family and friends for your new business . This task is a major one , the individual that introduced you into your new company , more than likely told you to make a list of everyone you know . They most likely gave you a memory jogger . Another challenge is arranging home meeting and attending hotel meetings . You will without a doubt come across individuals that tell you they will show up and support you with your new business opportunity , and not show up . This can be discouraging . That is human nature , to feel rejected and lied to.
What are the differences between sole trader and entrepreneur?
An entrepreneur is someone who starts up a new business. It can also be used for someone who has an "entrepreneurial" spirit. One who enjoys starting new businesses and is not likely to work for someone else. An entrepreneur may also startup a business, sell it to someone else or acquire partners, and then continue to start up other businesses. A sole proprietor is the owner of his or her own business. Sole proprietorship generally refers to the type of ownership of the business and has less to do with the personality of the person who owns it. He could have started the business from nothing (which would make them also an entrepreneur) or they could have purchased it from someone else or inherited it. Someone can own a business that they started 50 years ago. A trader is someone who buys and sells. He might buy and sell stocks (or other securities), commodities, properties, or anything else. They are usually in the business of making profit by effectively buying and or selling things for short periods of time.
Should Sony use prototype stores or should it use rationalized retailing?
Either strategy is a good way for a business to go about improving itself. Rationalizing retailing is likely going to be a better way to go.
