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
Why do you have entrepreneurs?
In this capitalist world, we have entrepreneurs because there is a constant need for business innovation from people with great ideas who are willing to take a risk in building that idea into a reality.
i know that all haramaya university 4th year computer science student looking for Pure entrepreneur definition.
Pure entrepreneurs are loopy and obsessed. They have a vision of the future, and while others are casting their lines into the water to see what will bite, pure entrepreneurs are jumping over the gunwales and swimming after the white whale. Pure entrepreneurship, by my definition, is often driven by a belief that a major shift is coming -- and thus it's hard to find customers who already understand that they need the product a pure entrepreneur is developing.
Define entrepreneurial culture and differentiate it from administrative culture?
Define entrepreneural culture
Why are most businesses considered small?
A small business is another term for independent business. This means the company is locally owned, isn't tradable on the stock market, etc.
What is making or producing things on a large scale?
Making or producing things on a large scale is called industry. Industrial operations are massive when compared to cottage industries. They can often produce goods at extremely high rates of speed.
A 10 pages project on problems of setting up and running up of business units?
You will need to write your own paper. Do a little bit of research and you will find all of the information that you need to write it.
What is the Difference between innovative and imitative enterpreneurs?
difference btw innovation and creativity
What are the indicators of business growth?
Some of the key indicators for growth in a business include whether a business is profitable in one location or market and ready to expand to another, whether it is succeeding in closing sales, and whether product development is successful. Another key indicator is whether it is able to attract and retain talented employees.
What does budding entrepreneur mean?
a smart business minded individual that will not stop thinking about how to make money and create wealth
What is the diffenrence between book smarts and street smarts?
Book smarts refers to someone that went to school. Someone that is street smart is someone who has a lot of common sense.
Define what a niche product is give at least three examples of niche products?
A niche market is the subset of the market on which a specific product is focusing; therefore the market niche defines the specific product features aimed at satisfying specific market needs, as well as the price range, production quality and the demographics that is intended to impact.
Every single product that is on sale can be defined by its niche market. As of special note, the products aimed at a wide demographic audience, with the resulting low price (due to price elasticity of demand), are said to belong to the mainstream niche-in practice referred to only as mainstream or of high demand. Narrower demographics lead to elevated prices due to the same principle.
Niche products resources
Two main niche products market places
- .cj.com - you can choose become an Affiliates or Vendors and promote products.
- .buyoncb.com - collected the most popular niche products and all niche products can be instantly downloaded
I'm trying to do assistant handy man. Where people can hire you for few hours 2 a day charge hourly. I have little experience on things or dropping or collecting stuff handy man you can
Differences of business plan and business model?
Business plan is a literature containing information regarding the particular business and series of activities planned to conduct in doing that business at later stage.
Business model is a graphical diagram showing the logical connections among several elements within the business. Business model contains a lot less information comparing to business plan but it is more easily to understand and better used as guideline during business execution.
What were other lucrative businesses that developed in the North during the 1800s?
The shipping of products, such as flour, meal, pork, and whiskey from farms
Tunde Owoeye-Phoster is a young Nigerian in his early twenties. He is the Executive Director of Phoster Foundation, an organisation, that has since 2007 trained and mentored several young people (students and NYSC) in entrepreneurship through an annual programme titled 'Youth Entrepreneurial and Personal Development Programme'. He mentors several young people in Entrepreneurship.
He is also a Brand Innovator/Strategist in Phoster Solutions, a fast growing brand & culture innovation firm. He is a branding/advertising guru that is in popular demand and he has worked on both large and small accounts. He also consults for Orange Academy, the number one practical school of brand advertising in Nigeria.
He has played leadership roles in social and corporate circles including being the Business Development Manager for PCNET Solutions, an IT firm based in Massachusetts but started operations in Nigeria in 2004. He was also the head of Joseph's House, a group of students in business.
He was recognized by LEAP AFRICA (Sponsored by NOKIA) in 2008 with a national award as an outstanding young Nigerian that is adding greatly to the development of the nation. An award event that took place at the Jim Ovia-owned Civic Centre, VI, Lagos, where Mrs Ibukun Awosika was the Keynote Speaker. He won another award by the Biological Sciences Collaboration in prestigious Obafemi Awolowo University, Ile-Ife, as an outstanding young entrepreneur contributing immensely to young people in Nigeria. He was also given an award as one of the most outstanding student entrepreneur by PSI Club before graduating from Obafemi Awolowo University.
He was recognized by DreamHouse (a media firm) as one of the Who-is-Who in Obafemi Awolowo University in 2007, Ile-Ife through their DreamHouse Hall of Fame Section of the OAU Campus ViewBook Magazine.
Tunde Owoeye is also a Fate Foundation Alumnus having passed through their Aspiring Entrepreneurs Programme. He has studied Architecture and Computing at the diploma level , he had his first degree in Management and Accounting from Obafemi Awolowo University, Ile-Ife and he graduated with the best portfolio in Integrated Brand Experience post-graduate course from the prestigious Orange Academy.
He is a Christian and a dynamic speaker and highlighted below are few of his speaking invitations;
6-week Entrepreneurship Programme
Organised by National Youth Service Corps (NYSC), Ife Central Local Government, 2007
(Talk delivered on Entrepreneurship, Marketing and Business Plan Writing)
LEAD!
Organised by International Youth Focus, 2007
(Talk delivered on Creating Value)
What Next?
A graduating students' programme organised by NPOWER Foundation, 2008
(Talk on Starting a Business)
MDGs
Organised by National Youth Service Corps (NYSC) Osun State, 2008
(Lecture on Entrepreneurship)
Jolly Business School
Organised by Jolly Christian Centre, 2008
(2 Lectures on Marketing, Branding, Advertising & Selling)
What the difference between Long term and short term business plan?
Relating to a gain or loss in the value of a security that has been held over a specific length of time means short-term plan and relating to a liability for which a long period of time (usually one year) remains until payment of the face amount comes due means long term plan. This is the difference between short and long term plan.
What is one of the advantages to owning your own business?
one of the advantages of owning your own business is that you enjoy all the profits alone resulting from the successful operation of the business.
you can respond quickly to changes in the marketplace (gradpoint)
Walton married Helen Robson in 1943. They had four children: S. Robson "Rob" Walton, John T. Walton, Jim Walton, and Alice Walton.
Why is stocktaking essential in any business?
To determine the correct opening and closing stockholding and therefore an accurate G.P. over any given period.
