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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

What can the government do to lessen the risk of starting a business?

It is not anyone's job to lessen the risk of a entrepreneur who wants to start their own business. You are 100% responsible for what you do. You are the one that determines the growth of your new endeavor not the government. You must choose a business that you love with a passion and have the motivation to get up every day and do the best you can to succeed.

What is Entrepreneurial motivation and Barriers?

The motivations would be being your own boss and starting your own business. The barriers may be competition and lack of money.

Give three examples of niche products?

SectorProductNicheAgricultureTimothy hayRace horse feedAgricultureKosher milkReligious groups following dietary lawsAgricultureOrganic vegetablesConsumers wanting foods grown without pesticidesAgricultureExtra fat beefAsian export marketAgricultureCorn silageConfined dairy operations and beef feedlotsAgricultureCustom farming servicesOther producers who do not have the resources to perform these servicesAgriculturePasturized goat milkConsumers allergic to cow milkConsumer durablesSport utility vehicles (SUV)Drivers desiring a vehicle with room, power, and strengthConsumer servicesInternet auction sitesConsumers desiring low prices for goods and services without having to physically move from merchant to merchantConsumer servicesCommuter airlinesSmaller communities not served by large airlinersConsumer servicesCut your own Christmas treesFellowship, recreation, and consumers seeking quality

Advantages of small scale business?

Small scale business is a good thing because it can respond to the needs of people in a more intimate way. Additionally, small businesses keep power from accumulating with a small group of people.

How can you get a grant to open a small business?

Before you start your business, know how much it will cost to startup and maintaining the business. Learn the common business expenses to help estimate what your expenses could be. Once you know your business expenses, you can better estimate your business revenue.

You can find capital for your small business through financial institutes with lines of credit, loans, and leases. Get a government-guaranteed small business loan from The Small Business Administration if you do not qualify else-where

Best of luck,

Rebecca

The Microsoft SMB Outreach Team

What can i sell without a vendor's license?

In NYC, you are allowed to sell artwork and literature without obtaining a vendor's license.

How much does it cost to register your business?

It depends upon,

1. The state,

2. The county, and

3. The city.

Check with all three governmental jurisdictions and obtain a list of their fees.

Who are some good affiliate marketing sites for small business merchant?

The easiest way to make money online is using AFFILIATE MARKETING.

You can use ClickBank, Digistore

There is pretty much everything made for you. You just need to build strong email list which you can easily do by watching FREE video. (Link is in my bio).

People who tried this method are making over 10,000/month. Just watch it!

Order of importance meaning?

the sequence of events that have the most value (importance) to the least. AN example of this is a Christmas presents list that your parents make you write starting with the item you want the most to the least.

What is the function of the entrepreneur?

better question .... what isn't?

if your starting out as an entrepreneur, you do everything!

What are the four major types of information in a business plan?

Vision and Mission

Budget

Executive Summary

and depth analysis of the industry you belong in and the business itself.

How do you plan a small business?

Planning a small business starts with an idea, a new product or service. Before you take the risk, you need to make a careful research, check out your target market, and know your competition. Still, your vision and passion will drive you into creating that business of your dreams.

Is Mary kay the number 1?

Mary Kay Inc is one of the larget direct selling companies of skincare and color cosmetics. Brand Keys published the official results of its 2011 Customer Loyalty Engagement Index, which examines customers' relationships with 528 brands across 79 categories. Mary Kay ranked #1 in customer loyalty in two categories: cosmetics and facial moisturizer.

What skills are needed to be a good entrepreneur?

Skills required are: leadership, innovation, motivation, coping with challenges, dreaming big, being decisive, planning and goal setting