answersLogoWhite

0

🏢

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

How information and communication technology could enhance youth entrepreneurship?

This is the information age. There is an infinite amount of information available at one's fingertips through the internet. The internet also enables instant communication through email and instant messaging. These things can enhance youth entrepreneurship by the increased ease with which one has access to information and the ease in which one communicate with others.

Did Sam Walton ever work for Kmart?

yes he did. kmart day one cars shiny wax was my favourite car there so i bought 4

What are some things you can do for your business plan?

Have 5 year pro formas,

A table of financial assumptions,

Management profiles indicating management capabilities to run the business.

What type of export business yield more profit?

This depends on your country or countries you intend to export from and this is very important since not any country can import anything. For instance, India is good at exporting tea and it works well for them because they have it in plenty so they make money with it internally and export-wise. Although stuff like car spare parts do well in most countries; hint.

How difficult is it to start your own business in the UK in Germany in russia?

To start business in Russia is not difficult. The main thing, is to have the wish. In order to do this you need to register a legal entity (that is, the company) or register as an individual entrepreneur (a natural person). Then people need to collect and submit the necessary documents to the registration authority. The deadline for registration is 5-7 working days.

Prior to filing the documents to the registration authority you need to select the tax regime.

You can register a company in Russia without leaving your country. But in order to do , it is necessary to appoint a Director of your future company, the data of whom is specified in the application for registration . You may witness your signature on application at the nearest Russian Consulate.

You can also buy a ready-made company or ready-made business. But this is more longer and expensive procedure with its pitfalls (complexity, that is, debts, insolvency, etc.)

Why do you need a business license when owning a business?

There are many reasons:

  • So the business can be taxed. This applies to both income tax and sales taxes.
  • So the business can be held accountable to protect the consumers from fraud.
  • So that employees are provided proper working conditions.

Do you need a license to sell honey?

You most likely will need a local business license if you plan to go into the business of selling honey. Check with your local city or county clerk to find out the rules in your area.

What is the scope of small business marketing?

Small business scope marketing is a strategic planning necessary to meet business needs. For example, defining the area of specialization, recruiting and firing of human resource, market segmentation, target marketing , management of resources etc.

How do you make sure your business plan works?

Since you include an action plan in the business plan that contains metrics (like profit, expansion, list of products/services and similar), going over these after some time, you can evaluate if the planning is being successful or not.

What is the average insurance cost for small joinery business?

Cover can easily be compared instantly only and can also be tailored by the individual business to suit their exact needs such as the level of public liability limits can easily be increased from £1 million to £2 million or even £5 million.