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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

Are there any other good sources besides www.privco.com to get financial information on private companies?

In my opinion and in a professional way, I recommend to you the best leading companies to protect private and financial information when connecting to the Internet which is ..}}}

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Who is a successful Entrepreneur?

Someone who sees an opportunity to make a profit and is willing to risk his or her money to gain that profit

What is the entrepreneurship era?

an entrepreneur is "a person who organizes and manages a business undertaking, assuming the risk for the sake of the profit."

Written by shaikh

Are you a principle owner or principal owner of a business?

principle owner

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Actually, that is not the correct answer.

"Principle" has one main meaning: "a law or rule".

"Principal" has more than half-a-dozen meanings, but typically is used to denote the "main" part of something (Principal Owner, Principal Offices, etc.).

And yes, it is possible to have rules that you might live by, and have ones among them that you consider most important. They would then be your "principal" (main) "principles" (rules, guidelines, or laws).

Therefore, you might be a "principled" (abiding by standards, rules, etc.) person that is the "principal" (main or primary) owner of a business.

Cheers!

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What are the reasons for studying entrepreneurship?

Studying entrepreneurship equips individuals with essential skills such as innovation, problem-solving, and critical thinking, which are valuable in various career paths. It fosters an understanding of how to create and manage businesses, driving economic growth and job creation. Furthermore, entrepreneurship education encourages adaptability and resilience, helping individuals navigate the uncertainties of the business world. Lastly, it can inspire social change by empowering individuals to identify and address societal challenges through entrepreneurial ventures.

Is becoming an entrepreneur risky?

Yes being an entrepreneur is very risk. In fact, according to wordnetweb.princeton.edu/perl/webwn, an entrepreneur is someone who organizes a business venture and assumes the risk for it. If your business fails you are in a large amount of debt. You are basically risking your financial life.

How can start a small business?

1st you should have an investment so you should buy your groccery and try if your investment became higher.....

What is socioeconomic aspect of a business plan?

The socioeconomic aspect of a business plan involves looking at how much money your prospective customers are likely to make. This can affect how you price your product in the business plan.

Who is Scott Gostyla?

In the Tampa Bay Journal, the company recognized Scott Gostyla's achievements and listed him among Tampa Bay's 40 under 40 award.

He is a one of the best Entrepreneurs in the Tampa Bay who lives with courage and determination which brought him towards his goals in life in the field of business.

A successful entrepreneur who work hard to achieve his goal and to touch lives of so many people. His passion and dedication in his career made him called A Man of Success.

How do you write organization profile or process of write an organization profile?

An Organization profile is a document written to inform its customers and prospective customers of its mission,values, achievements and goals. it highlights all aspects of operations, how it has affected its environment through the conduct of its business operations organizational profile motivates its potential clients to do business with the organization through the value propositions it describes.

What is considered depreciation in a small business?

Depreciation in business refers to the understanding that purchases of items (assets) with a useful life greater than one year (car, equipment, buildings, etc.) are generally worth less after some use than they are worth new. Depreciation attempts to allocate the purchase price over the useful life.

When a business buys an office supply or other item that is used up in less than one year, they deduct the amount of the purchase from their revenue (sales) to determine if the business has earned a profit or loss.

When a business buys an asset with a multiple year useful life they might split up the cost of the asset over all the years of normal use. For example, if the business bought a car, they might subtract 1/5 of the car each year for 5 years in determining profit.

Generally accepted accounting principles (GAAP) provide guidelines for which purchases can be deducted in the year of the purchase and which are assets which should be deducted over a period of time. The IRS provides further guidance when calculating taxable profit. Some of the IRS guidelines enable a business to deduct an asset faster than normal as an incentive to invest in business assets. Please talk to your accountant to determine the correct and most favorable method for your circumstances.

The concept of depreciation is the same for all businesses whether small or large. The IRS treatment may vary based upon the size of the business.

How do ads effect small business?

ads advertise for a business making them more popular to the public

What are the importance of Excel in small business?

If you're talking about Microsoft Excel spreadsheet software, I'd say it's very important. There are other spreadsheet programs, of course, but Excel seems to be the most widely used, and if you learn it, most of the other programs will be much easier to pick up. Spreadsheet programs in general can help you to learn bookkeeping programs such as Quick Books.

In general, these programs do two things: most obviously, they help you handle financial information. Perhaps more important, they help you to understand the relationships among the financial elements of business. They help you to explore alternate approaches to problems and make predictions about the future of your enterprise.

What should you buy to resell on eBay?

um...Well, cheap Cd's that WORK are good but theres also books, backpacks and plush toys etc.

Hope this helps!!

How may ethical business practices minimize regulation from government agencies?

Where companies are believed to be acting unethically, the public is more likely to put pressure on legislators and other government officials to regulate those businesses or to enforce existing regulations.

What does an entrepreneur do?

  • Entrepreneurs come in different guises. Overall, however, entrepreneurs are individuals who build capital through initiative or risk. Successful entrepreneurs are enterprising individuals who see opportunities that others do not recognise. Successful entrepreneurs are hard working, committed and adaptable.
  • An entrepreneur can be a business person who either sells or provides a service to someone or markets a product that adds value to the lives of other people or organizations.
  • A great entrepreneur will recognize his target market, make whatever it is that market wants, and charge enough for his/her efforts to make it very worthwhile.

An entrepreneur is a business person who either sells or provides a service to someone.

Are changes important to entrepreneur?

Yes change is very much important for any entrepreneur. He has to change according to conditions of the business. He has to understand the changes happening in the business, need to plan and cope up for the change. Or else competitors will take advantage from the situation.

How much does it cost to open a marijuana dispensary in cali?

It depends on how big of an operation you want to have and the location.

1. Marijuana business paperwork - $2,500

2. Lease agreement - $5,000

3. Office equipment - $ 1,500

4. Advertising - $?

5. Employee salaries - $?

6. Product - $?

so it could end up costing $15K just the first month.