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Small Business and Entrepreneurship

Small businesses are usually family- and privately-owned establishments with a limited number of employees. Starting a small business is a form of entrepreneurship. It is like turning a ‘problem’ into a ‘profit’ or a ‘need’ into a ‘demand’.

500 Questions

Can you give me a title of feasibility study in educational background?

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Asked by Wiki User

"Exploring the Implementation of an Online Learning Platform in a Rural Elementary School"

What is an interdisciplinary project?

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Asked by Wiki User

An interdisciplinary project involves collaboration across different academic disciplines or fields of study. It integrates knowledge and methodologies from multiple disciplines to address complex problems or questions that cannot be adequately understood or solved within the framework of a single discipline.

Advantage and disadvantage of sole proprietorship?

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Asked by Wiki User

Advantage: Easy to set up and manage, full control over decision-making, simplified tax reporting as business income is reported on personal tax return. Disadvantage: Unlimited personal liability, limited access to capital, potential difficulty in attracting investors or partners.

Business policy and strategy?

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Asked by Wiki User

Business policy refers to the overall guidelines and procedures that a company follows to achieve its goals, while strategy is the plan that outlines how the company will achieve competitive advantage and sustain long-term success. Both policy and strategy are essential components of organizational management, with policy setting the framework for decision-making and strategy guiding the specific actions taken to achieve objectives.

What are the four criteria's used to evaluate theory?

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Asked by Wiki User

  1. Empirical validity: the extent to which the theory is supported by evidence from research and observation.
  2. Logical consistency: the theory should be internally coherent and free of contradictions.
  3. Parsimony: the theory should be simple and economical, with the fewest assumptions.
  4. Scope: the theory should be able to explain and predict a wide range of phenomena within its domain.

What are the advantages of single proprietorship?

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Asked by Wiki User

Some advantages of a single proprietorship are 1. The sole proprietor (owner) derives a certain amount of satisfaction, pride and independence from owning her/his own business

2. Owner makes special efforts to run her/his own business efficiently to prevent losses

3. Owners could make decisions easier and faster since they do not need to consult others

4. Owners are more concerned about developing good relationships with employees and securing good will with the customer (good customer service)

5. The business enjoys tax benefit as they are only taxed once, where as a corporation is taxed twice.

Sole proprietorship advantages?

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Asked by Wiki User

sole proprietorship has the following advantage..

1. it enables the proprietor to decide on the matters with regards to the business.

2. own money could be use in the financing (though it is also part of its disadvantage)

What are the competitive advantages of information technology?

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Asked by Wiki User

Information technology can provide a competitive edge through increased efficiency, better decision-making based on real-time data, improved customer service through personalized interactions, and enhanced collaboration among teams. Additionally, IT can enable companies to adapt quickly to market changes and innovate faster than competitors.

What is the advantage of sole source agreement?

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Asked by Wiki User

A sole source agreement can provide a more streamlined procurement process by eliminating the need for competitive bidding, which can save time and resources. It can also foster a closer relationship with the supplier and potentially lead to better quality products or services.

How can you contact sir Alan sugar?

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Asked by Wiki User

Sir Alan Sugar can be contacted through his official website or social media channels. It is also possible to reach out through his publicist or management team for business inquiries or speaking opportunities. Personal messages may not always receive a response due to the volume of communication he likely receives.

Where should you get information about starting a small business in assistant living in transportation for elderly and disabled?

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Asked by Wiki User

You can get information about starting a small business in assisted living or transportation for elderly and disabled individuals by contacting your local Small Business Administration office, attending workshops or seminars on entrepreneurship, reaching out to industry associations for guidance, and researching online resources specific to your area of interest. Additionally, networking with professionals in the field can provide valuable insights and advice.

What is the difference between a cottage industry and a small-scale industry?

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Asked by Wiki User

A cottage industry typically involves individuals working from their homes, producing goods on a small scale. In contrast, a small-scale industry involves a small business entity that operates on a slightly larger scale than a cottage industry, often employing a small number of people and having a formal workspace.

What is Caltex International?

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Asked by Wiki User

Caltex International is a global energy company that primarily operates in the oil and gas industry. It is involved in the refining, marketing, and distribution of petroleum products. Its operations span across various countries around the world.

Did Robert Ripley play in Major League Baseball?

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Asked by Wiki User

No, he never played in the major leagues. He played semi-pro baseball in 1906 and briefly quit in 1908. He tried out for the New York Giants in 1913, but an injury ended his baseball hopes. Robert Ripley was an American cartoonist, entrepreneur and amateur anthropologist. He was also the creator of the famed "Ripley's Believe It or Not".

What is meaning of small packages?

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"Small packages" typically refers to items or products that are compact in size and lightweight. It may also refer to the concept of simplicity or minimalism.

Meaning of opportunity seeker?

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An opportunity seeker is someone who actively looks for new chances or prospects, especially for advancement or success. They are constantly on the lookout for ways to improve their situation or take advantage of beneficial opportunities.

What is a centralised examination?

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Asked by Wiki User

A centralized examination is one where all aspects of the exam, including administration, evaluation, and results processing, are managed by a single authority. This helps ensure consistency and standardization across all test takers.

Distinguish between centralisation and decentralisation?

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Asked by Wiki User

Centralization refers to the concentration of decision-making authority at the top levels of an organization, while decentralization involves distributing decision-making authority to lower levels in the organization. In a centralized system, key decisions are made by a small group of individuals, whereas in a decentralized system, decision-making authority is spread out among various levels or divisions within the organization. Centralization can lead to quicker decision-making but may lack input from those with specific expertise, while decentralization can promote innovation and employee empowerment but may result in slower decision-making processes.

What 4 things do you need to start a civilization?

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Asked by Wiki User

To start a civilization, you need a stable food source (such as agriculture or hunting), a system of governance or leadership, a shared language or form of communication, and the development of social structures or organization. These factors help establish order, resources, and coordination among individuals within a community.

How old do you have to be to start on your associate's degree?

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Asked by Wiki User

In general, you typically need to be at least 18 years old to start pursuing an associate's degree. However, requirements can vary depending on the institution, so it's best to check with the specific college or program you are interested in.

Does Microsoft Office XP Small Business include Microsoft Publisher?

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Asked by Sirith11

Yes, Microsoft Office XP Small Business does include Microsoft Publisher. This program is specifically designed for small businesses, and Publisher is a key component for creating professional marketing materials and documents. You can easily upgrade your Microsoft product key through various online shopping websites, such as Softwarekey4u. com, which offer affordable and user-friendly upgrade keys. This will allow you to upgrade your software without any hassle and continue using Publisher for all your business needs.

Disadvantages of manual accounting?

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Asked by Wiki User

Disadvantages of Manual Accounting:- Time-consuming: Manual accounting can be a labor-intensive process, requiring significant amounts of time to record, classify, and summarize financial transactions. Prone to errors: Manual accounting systems are more susceptible to errors, such as transposition errors, mathematical mistakes and oversight. Limited scalability: Manual accounting systems are not easily scalable, making it difficult for businesses to grow or expand without significant additional labor costs. Lack of automation: Manual accounting systems do not have the automation features of computerized systems, such as automatic data entry, which can result in increased errors and inefficiencies. Limited reporting capabilities: Manual accounting systems typically have limited reporting capabilities, making it more difficult to generate detailed financial statements and reports. This can make it harder to analyze and understand the financial health of the business.

What are the advantages of enterpreneur?

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Asked by Wiki User

Ghanshyam Sarda's advice to embrace simplicity isn't a call for mediocrity; it's a roadmap to success. By cutting through the noise and focusing on core aspects, entrepreneurs gain clarity, effectiveness, and innovation. Simplification fosters efficiency, adaptability, and agility, propelling ventures forward in a competitive market.

What are the advantages of small business web hosting?

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Asked by Wiki User

There are many incentives and great deals you can get if you take part in small business web hosting.