Small Business and Entrepreneurship

The entrepreneur hopes to earn a profit.

The late Dame Anita Roddick started The Body Shop with her husband which became a national and then international chain of shops stocking body care products. The products were based on locally sourced, natural ingredients which were sustainable, not tested on animals and from renewable sources which would benefit the local growers/producers and help local communities to prosper. With high ethical standards and a reputation for finding new products in remote places, like the amazon, her efforts were rewarded with an honour form the Queen. The brand still exists and seems to prosper.

yes, you need to apply for a separate business permit because you have a new line of business.

Rent payed for businesses is a very ambigious terms. Assuming you are buying one in the country i dont think your business will do too well espcially since no one ever drives past (unless you sell lemonaid but i hope that isnt your business). While im saying tis it occurs to me you probably want an average rent. An average is very hard to come by since i dont know if you want a world wide or one thats just in the pacific ocean. I hope that helps and your you wont get made with the lemons..... (look up portal 2 quote)

to make money

time place and money management

fastest to start.

activities; like displays and advertising for pre

follow up emails and calls are post sales

capital, equipment, staffing.

A service business can be started in one minute; a manufacturing business

takes months.

someone who knows how to mix being GREEN with earning a profit.

WE cannot have a Green world without having capitalism.

WE cannot have capitalism without thinking green. We must be

a mixture of both!

a business plan is the start

and a lot more!

It tells the entrepreneur how long it will take to regain the initial investment of capital, giving potential investors an idea of when they will begin to see profits on their investment, and it also helps determine how much initial seed capital will be required to get the business up and running and financed until enough profit can be produced for the business to become self-sustained.

you can not start a business without one and if you do you will most likely fail. you have to plan costs, budget,staff,location,advertisng etc. just like you would plan for a holiday you have to plan for a business

microfinance

self owned businesses

banks

Reason for Failures,

1. The business was not properly studied

2. Inadequate Data to study the business

3. Under estimate the lead time for completion

4. Poor resource allocation

5. Action plan & periodical review - missing?

Reason for Success

1. Understand the above failures

2. Build a check points / Gate systems / mile stones in the business plan

3. Provide adequate Facilities to your Team members

4. Collect the feedback from your customers Periodically.

those where you find the greatest amount of unmet needs and easy to get

into! [example, selling and installing photo voltaic panels on roof tops]

The process in which includes developing, launching, and creating a venture is known as the entrepreneurship process. This particular process contains five different phases.

In terms of culture, I value a balance between structured and entrepreneurial elements. A structured environment provides stability, clear processes, and defined roles, which are essential for efficiency and accountability. However, an entrepreneurial culture fosters innovation, creativity, and agility, allowing for adaptation and growth. Ideally, a blend of both encourages a dynamic atmosphere where employees feel empowered to take initiative while benefiting from a supportive framework.

each city wants you to. YOU can and "should" wait till you are profitable

before applying for one--UNLESS your landlord of the commercial site

demands to see it before hand--or any supplier demands to see it.

of course, they are not related. If a person seeking a biz license in any

state volunteers that they have operated in another state, they are silly.

they are one and the same thing, except in one author's perspective,

those who open a business for their own needs are hobbiests and

those who open for servicing customer's needs are really entrepreneurs.

some people will get held off for a while

In the initial stages, a business plan can help to secure start up funding for a new business. As the firm develops, the business plan, if kept up to date to reflect growth, can be used to secure additional capital to sustain further growth or expansion. The key thing about a business plan is that if you do it correctly and separate dreams from likely reality, the plan will set you off on the road to success and act as a valuable document to refer to for tracking progress and to help avoid pitfalls.

anything that occurs that creates a problem that is not instantly solved.

That is it in a "nutshell"