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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 are the different types of strategies?
Strategies basically refers to the elaborate and very systematic plan of action. A business strategy therefore refers to the long-term plan that is used to achieve a desired business goal. The three different types of strategies includes the focus strategy, differentiation strategy, and cost strategy.
How can e-business benefit the data entry process?
Data entry plays a vital role in the success of E-Business. For an E-Business the automated data entry process helps to minimize duplicate entry, speeds up the process, and allows instant data search between records. This results in saving of time and money for the business.
How old do you have to be to pawn an item?
At least 16- 18. They won't pawn it unless they think you are responsible enough. If you are under 16, they'd want to know where you got the item from.
How do you computerize a small business?
Give all your emplyees computers and make them use them also record all of you financial and other actions on computer files
Identify and describe at least three attributes of successful entrepreneurs?
Successful entrepreneurs are persistent. They wake up early and go the bed late because they want to make sure the work is done.
Explian why a niche company might have and advantage in a market?
Niche' usually refers to a specialist in a business sense. In an environment where ones organisation is a sole provider of a service and that service is also a specialist, there will be little competition for business - This gives the company greater advantage over other small business that has just recently been developed.
Importance of corporate governance in corporate practices?
Corporate governance is key in implementing responsible corporate practices. This includes implementing practices that are in line with government regulations.
How are the profits of a franchise business distributed?
franchisee gets all of it, apart from a small percentage of the revenue which is paid to the franchisor on a weekly, monthly and annual basis
Sample business plan table of contents?
Thr r lots of online websites which can do it for u. I can suggest fastcustomessays.com for this as i am using it. Anyway gudluck!
How much cost for import export license code in India?
. Bank Receipt /Demand Draft details evidencing payment of application fee
of Rs. 250/-. DD should be in favour of Zonal JDGFT, New Delhi.
2. Certificate from the Banker of the applicant firm in the format given in
Appendix 18A (Part B).
3. Self certified copy of Permanent Account Number (PAN) issued by Income
Tax Authorities(both sides).
4. Two copies of passport size photographs of the applicant. Photograph on the
bankers certificate should be attested by the banker of the applicant.
5. Self addressed envelope duly stamped for Rs.30/-.
6. These documents may be kept securely in a file cover.
source http://www.dgft.gov.in/dgftcla/faqs.asp
Prepare a Questionnaire based on the problems faced by small scale unit?
When preparing the questionnaire, you want to make sure the person is able to write down their comments in detail. You want to know what types of problems they are facing, such as insufficient funds.
Where can you get business plan?
If you want to write your own plan i would recommend Business Plan Pro from www.paloalto.co.uk it includes 500 sample Business Plans and is really easy to use
I hope this helps
FROM bill@enterprise-creations.com
We receive nearly a dozen business plans, weekly, and out of professional courtesy review each and every one. However, I must in all honesty say that those written using a software program, such as Business Plan Pro, are easily identified from those of much higher quality ... easily identified from those prepared with thought and substance.
Just some of the shortcomings of Business Plan Pro include:
1. Lack of in-depth background on the management team,
2. Pro formas are lacking in detail, especially the cash flow statement,
3. Financial assumptions are often not easily located or are not even presented to the reviewer.
When we review a business plan prepared by a software program, our review will take about 3 minutes whereas a business plan prepared with care and though will require upwards of 45 minutes to an hour. Needless to say, the business plan prepared with a software program becomes filed in the round file.
On a separate note: if you're trying to raise capital in the U.S., your business plan is NOT the document you (legally) need. The Securities Act of 1933, which applies to public and private companies, states that any offer to sell securities must be registered with the SEC or meet/qualify for an exemption.
Drop me a note if you have any questions: bill@enterprise-creations.com.
Is george s may international a good business?
George S. May International or the "may company" is an elaborate scam that operates in a grey zone legally, and operates based upon the desperation of business owners, and employees. They suck everyone dry. Employees are expected to pick up their own expenses and clients are charged 275/hr per person for a few excel spread sheets. If they enter your business call the police and force them to leave. Just hang on to your checkbook for dear life.
Distinguish product marketing and services marketing with suitable examples?
Product marketing involves advertising goods. This typically involves showcasing the good, and touting its capabilities. Services marketing, on the other hand, involves the use of testimonials to support the abilities of the professionals offering the services.
How to grow my small business?
Growing your small business is dependent on any of these factors:
1. Manpower
2. Machine/ Tools/ Equipment
3. Products
4. Services
5. Innovation
6. Financing/Funding/Budget
7. Business Forecast Models
Why are banks unwilling to give loans to small businesses?
Banks are unwillingly to give loan to smal business because of the following:inability toprovide the needed or required collateral security
lol level of capital formation by small business
vicious cycle ofd penury in nigeria
Define a lifestyle entrepreneur?
A lifestyle entrepreneur becomes an entrepreneur for quality-of-life reasons.
Where can you obtain funding to get a new business up and running?
There are a number of possible sources that can be pursued for funding to get a new business up and running which include:
- Personal funds from savings or insurance policy loans
- Selling stock in the company
- Loans from friends or family
- Private investment from Angel investors or Venture Capital Firms
- Commercial bank loan
- State and federal grants
There are a number of criteria to consider in deciding which source to use, including ease of search and access. The key will be to find a good balance between building the business and managing the effort to keep your new business funded.
Before you can sell trophies, you must get approved by a manufacturer to re-sell their products. There are several companies that manufacture trophies and distribute them to retailers in the United States.
After you've been approved, you can sell them to whomever you wish.
