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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’.

6,973 Questions

Is MLM legal?

MLM is legal, pyramid schemes are not. Basically if there is compensation on recruiting people then it could be illegal. If the compensation is based on product sales, even though it goes down generations / levels, those are typically fine and perfectly legit.

Difference between entrepreneurship and intrapreneurship?

Entrepreneurship refers to the process of starting, managing, and growing a new business venture. Entrepreneurs typically take on the risks associated with creating a new business, identifying opportunities, and organizing resources to bring their ideas to life.

Intrapreneurship, on the other hand, involves entrepreneurial activities within an existing organization. Intrapreneurs innovate and drive change within the confines of a larger company, often by developing new products, services, or processes. They take on entrepreneurial roles while benefiting from the resources and stability of their organization.

What did Maggie Lena walker's mother do for a living?

Maggie Lena Walker's mother, Elizabeth Draper Mitchell, worked as a laundress to support her family. She instilled the values of hard work and perseverance in her daughter, who went on to achieve remarkable success as an entrepreneur and civil rights activist.

What are the advantages of small business in society?

Opportunities to trade with individuals and groups that are compatible with small-business culture.

The presence of up-and-running companies that did not need massive investment or years of planning to set-up.

Freedom to take instant decisions that would need to be exposed to many committees before being authorised in big business.

Outlets for highly individual characters to run a company in their own image, when they might not meet the criteria for promotion in big companies.

Below a certain number of employees, the management is exempt from certain human-rights obligations that could inhibit efficient operation.

Generally, freedom from bureaucracy.

Weber's law is relevant to an understanding of?

Weber's law is relevant to an understanding of how people perceive changes in stimuli, such as light, sound, or weight. It states that the just-noticeable difference between two stimuli is proportional to the magnitude of the stimuli, rather than their absolute value. This law helps explain why we may not notice small changes in a stimulus but can easily detect larger changes.

Are Christians smart?

Being of a certain religion has nothing to do with intelligence. There can be smart Christians, and not so smart Christians. There can be smart Muslims and smart Jews, too.

Being smart can be a trait that anyone can possess.

Would a psychology and entrepreneurship minor enhance a comm media major?

Any field of study can enhance another area of study, either directly or indirectly. It just depends on your specific career goals and objects. Psychology would be appropriate because you will always deal with people. Thus, it is good to learn about human behavior, perception, social psychology, human wants, needs, and desires, pathology, etc. Entrepreneurship is one of the back-bones of this nation, so it would be a good idea to understand the systems and mechanisms involved as it relates to the media. Still, as I stated, it depends on your specific career goals and objectives as to which would suit you better.

What qualities do you feel a successful team leader should have?

A successful team leader should have strong communication skills, the ability to motivate and inspire team members, excellent problem-solving abilities, and the capacity to make fair and effective decisions. Additionally, empathy, emotional intelligence, and the willingness to lead by example are important qualities for a successful team leader.

Importance of front office department in hotel operations?

The front office department is crucial in hotel operations as it serves as the face of the hotel, being the first point of contact for guests. Responsibilities include handling guest inquiries, reservations, check-in/check-out procedures, and ensuring guest satisfaction. Their efficient functioning can greatly influence guest experience and overall revenue generation for the hotel.

What doctrie of rights did both the no incorporation justices and the plus incorportation justices use to expand the notion of legal rights?

The no incorporation justices argued that the Bill of Rights applied only to the federal government, not the states. The plus incorporation justices used the Due Process Clause of the Fourteenth Amendment to extend the Bill of Rights to the states, incorporating them through a process of selective or total incorporation.

How does one become a social entrepreneur?

To become a social entrepreneur, one typically identifies a social or environmental issue they are passionate about solving, develops a sustainable business model that addresses the issue, and then launches and grows the initiative. This often involves combining elements of traditional entrepreneurship with a strong focus on creating social impact. It requires dedication, innovation, and a willingness to take risks to make a positive difference in the world.

What if a cease and desist order is not upheld?

If a cease and desist order is not upheld, the party that issued the order may pursue legal action, such as filing a lawsuit for an injunction or damages. Failure to comply with a cease and desist order could result in further legal consequences, such as fines or penalties imposed by a court. It is important to take the order seriously and seek legal advice if necessary.

What is the crime ranking of Inglewood California?

Inglewood, California has a crime rate that is higher than the national average. It is ranked as more dangerous than 27% of U.S. cities, with above-average rates of both violent and property crimes. It is important to stay informed about the specific areas and neighborhoods within Inglewood to ensure safety.

How can Diversity Management help you to meet your business challenges?

Prime question: what are your business challenges?

It is very tempting to see diversity management as an end in itself - it take very little imagination or skill to send out one's recruiters to find the required number of female, male, disabled, fat, jazz loving, single fathers etc etc to build a 'representative sample' of the population.

If you adopt the philosophy of doing the best for your owners and customers, you would create an environment in which you would as a matter of course hire, retain and promote the best people regardless of what ever pigeon holes they might otherwise fit

What are socio economics benefits from entrepreneurship?

* Entrepreneurship creates employment.

The existence of business activities influences employment. Business estab­lishments need people to work for them.

* Entrepreneurship improves the quality of life.

People need to work in order to survive, attend to their needs, and satisfy their wants.

* Entrepreneurship contributes to a more equitable distribution of income.

With more entrepreneurial activities provided to the people in the country sides, natives have more work opportunities thus, discouraging them from reset­tling in other places.

* Entrepreneurship utilizes resources.

We may use our own natural resources, and process and convert them to more useful things.

* Entrepreneurship brings social benefits through the government.

The resources collected by the government are given back to the people in the form of services, infrastructure projects, school buildings, and maintenance of peace and order.

What is the average cost of utilities per square foot in a commercial building?

The average cost of utilities per square foot in a commercial building can vary widely depending on factors such as location, size of the building, energy efficiency, and usage patterns. On average, it can range from $2 to $4 per square foot annually. It is important to discuss with utility providers and consider energy-saving measures to reduce costs.

How many employees does a small business have on average?

A small business typically has fewer than 500 employees, with an average of around 20 employees. The exact number can vary based on the industry and type of business.

What is the nature and development of entrepreneurship?

Entrepreneurship has been around as long as civilization has been around. People have long tried to cultivate and create products, and get other people to take interest in them, dating all the way back to caveman times with the invention of the wheel.

How many people have stock in Les Schwab Tires?

As a private company, the exact number of individuals who have stock in Les Schwab Tires is not publicly available. Les Schwab Tires is not listed on a stock exchange, and its ownership structure is not disclosed to the public.

How many times on average do people fail in business before succceeding?

On average, entrepreneurs fail 1-2 times before succeeding in business. However, this number can vary greatly depending on the individual, the industry, and other factors. Ultimately, persistence and learning from failure are essential for eventual success.

How much money does the average person in the UK earn in their life time?

On average, a person in the UK earns around £1.5 million over their lifetime. This amount can vary based on factors such as education, job type, and individual career progression.

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

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

What is an interdisciplinary project?

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?

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?

Business policy is dependent on consumer satisfaction and gathering information regarding merits/demerits so as to introduce timely modifications on products. If this strategy is followed and policies are made, the organization will prosper.