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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 is a good team building activity?

a good team activity would be to build a house because it takes a lot of work to build

How many stores does Mary kay ash have?

None, Mary Kay is sold solely by Independent Beauty Consultants and has no legal storefront or retail locations.

Jami McMillan

www.marykay.com/ladymcmillan

When and where did he first Walmart open?

the first wallmart opened in 1968 then in 1973 wallmart became very successful that they built wallmarts all over the world

Advantages and disadvantages for small business?

Advantage: Are the major employer in the country and help keep the economy strong.

Disadvantage: Everybody including polititions think they have plenty of money when the case is that they are usually struggling to get by.

How much does it cost to own a small business?

Canno't really say. Depending on what business it is, how much insurance you have to pay, how much are your suppliers selling you their products.

Is there a home business that is not a scam?

Yes and no.

If someone is offering you the opportunity to make hundreds of dollars a day at home, that is probably a scam. Like pretty much anything you see advertised on line or in your email's junk folder.

If on the other hand the person with the home business is just selling a good or service, and not asking you to invest, then it's probably legit. Like a day care, or someone making and selling quilts or cookies.

Difference between the job costing and batch costing?

Under JOB COSTING all costs relevant to specific jobs are maintained separately to find out the total cost and revenue.

Under BATCH COSTING all costs are allocated to production process in batch and there is no separate record for how much any type of material or labor allocated to which units of products normally in mass productions units.

Which business will give you more profit?

That's for sure no one can reap the benefits/profits in a short time as profits comes with patience and efforts. Being an entrepreneur you need to have a hawkish attitude towards your surroundings and absorb the changes ASAP to be which the current state of economy.

Some common notion one should consider while conducting/planning a business:

Know your core competences and area of interest- You cannot be passionate and excel what you do, until you discover your interest.

Meticulous knowledge about your product- You should not be oblivion about your product else you can't convince potential customers or sell your product. Your product/service should be advertised/exposed in well-oiled way to make significant and magnet impact over the potential customers. Public can differentiate your product/service with existing products in the market.

Analyze the operating model of your industry bellwether - Study the working methodologies and governance of best performer in your industry, which will equip you with mojo findings.

Respect the technology- To expedite your process and to save operational costs, you have to be tech-savvy and should deploy latest tech in your business.

Usage of social media- Globe is no more an insular place, unprecedented advancements of Internet and its usage rules outs physical barrier. Face book can be best utilized for marketing the product's as their total user is next after India and China population.

Follow the moral ethics- You can succeed and win the loyalty of your customers, only if you produce/provide what you talk about or provide more what you charge for.

What support will franchiser give to the franchise?

The level of support given by a franchisor to its franchisees differs between franchisors and franchise systems. The relationship between a franchisor and its franchisees, including the level of support to be provided to is franchisees, is primarily governed by the terms of the franchise agreement. The franchise agreement should contain specific sections whereby the franchisor's "support" obligations are identified and defined. Typically a franchisors "support" obligations relate to (a) initial training and (b) ongoing support respecting the day-to-day operations of the franchise business, including administrative activities, marketing and management. When entering into a franchise relationship, prospective franchisees must recognize that the terms of their franchise agreement may be "broadly" drafted and that the franchisor's on-going "franchisee support" obligations may not be clearly defined. Accordingly, prospective franchisees must reach potential "franchise opportunities" and engage in a detailed due diligence investigation that should include contacting and speaking with existing franchisees to inquire as to that franchisees satisfaction with the level of support and training that has been provided by the franchisor.

How important is credit to the growth of a business?

For most businesses, credit is very important and provides the following benefits (but is not limited to the following):

* Allows for reduced capital due to carry of payables

* Provides for purchase of equipment that may not have been possible without credit

* Provides for the development of a business credit history, important as the organization goes beyond baby steps

What is the Affiliate marketing attack?

This is when two companies take a joint venture into a market for example tesco UK and Walmart which is already established share the risk by tesco saying it is affilated with Walmart and they get the experience of and expertise

What Software are used to attack Affiliate marketing?

server-farmhosting advertising content may get infected by hacker-computer-securitywho use malware to change the behavior of these systems by exposing various weaknesses in web browers and operating only for the purpose of infecting them.

What are your most important skills as a transcriptionist?

The most important skills of a transcriptionist are hearing, spelling, and typing.

How does the local community influence a business?

A business market actually relies on the preferences of consumers in the local community. Whatever the local community may need, the business provides and relies on it to by giving services, products and other goods or commodities the local community consumers need.

Define Internal market research?

Conducting internal market research involves relying on every person on staff to market goods or services, then drawing conclusions on the effectiveness of such a business strategy.

Do non-profit organizations have to pay taxes?

About non-profit corporations there are two basic types of tax status, 1- Taxable or default status which is 15% tax rate on income, 2- Tax exempt, which it means no income tax and for being eligible for tax exempt you must have these criteria: 1- be charitable(religious, scientific, educational) 2- being for public benefit.

Can your business have the same name as a business in another country?

Yes it can. Restrictions on business names are common in most countries and corporations within a single jurisdiction are not allowed to share the same name or names so similar that they can be confused. However, there is no restriction on having a company name identical if the business is registered in a different country.


Within the US, companies are registered within a state so it is entirely possible to have a company of an identical name in another state.


Many large organizations will register companies in multiple states and several countries in order to protect their brand name.


As with all business and legal matters, it is well worth seeking expert information in your own location before investing time and money into a new venture or corporation.

What is the Mission statement of a hotel?

There is no standardized mission statement for hotels. The vision and mission statements are particular to the specific hotel and their overall goals and objective.

What is the W Hotel Mission statement?

Dedication to the highest quality of Customer Service delivered with a sense of warmth, friendliness, individual pride, and Company Spirit

Do you need business license for tax preparation business?

A business license is usually required by your local jurisdiction to operate any type of business and tax preparation would not be an exception. If you wish to file your clients' tax returns electronically, you will also need to apply to the IRS to become an Electronic Return Originator (ERO) and obtain an Electronic Filing Identification number (EFIN). More information can be found atwww.irs.gov. Currently California and Oregon are the only states that regulate tax preparers and require completion of an approved course to practice as a tax preparer. However, IRS regulation of tax preparers is likely to be enacted very soon, following a study by the IRS Commissioner during 2009.

Chuck McCabe

Peoples Income Tax

Richmond, VA

Who was Mary kay ash daughter?

Marylyn Rogers Theard. She died in 1991 of pneumonia.

More info http://www.marykay.com/mimi.belle/default.aspx