answersLogoWhite

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

What is history of Thor Power Tool Co?

Started in 1880s making pneumatic tools. Eventually moved into hand, power & electric tools. In mid to late late sixties acquired by Stewart-Warner.

Why are some countries more entrepreneurial than others?

Those countries that are more have better resources and an open economy.

Explain the contribution of purchasing function to profitability and efficiency of an enterprise?

You have to purchase products in order to make a profit. If you just say you have a product and then don't sell it, you will become broke.

How old do legally have to be to start your own business?

Tricky question. You can be in business to throw papers at an early age. You can also cut yards. But, to own a legal business outright and in your own name only that has a Tax ID number and or is incorporated or has a filed DBA you must be of a legal age of 21. Which means that you can enter into a legal contract with any potential clients and or suppliers and be held personally responsible.

What do you mean by entrepreneurial characteristic?

It means having the key factors of a successful entrepreneur; for example, "resilience" is a characteristic of a successful entrepreneur, because resilience means keeping your head up and not giving up. This is a vital characteristic for a successful entrepreneur. Another example is self-confidence; this is another key factor of a successful entrepreneur because an entrepreneur needs to have confidence in themselves that their business/company can be successful, and they need to have the right attitude.

Give the importance of small and medium scale industries?

Small and Medium-scale industries (SMIs) can play an important role in the process of a country's industrial and economic development. In particular, SMIs can make significant contribution to achieve social and economic objectives such as labour absorption, income distribution, rural development, poverty eradication and balanced economic growth. The agricultural industrial sector plans stresses the need for a self reliant approach to development.

What type of business license do you need for a magazine?

Depends on the state that you live in, most states have licensing requirements for certain types of businesses.

What type of software programs and other technology are used by small business owners and managers most frequently?

Quick Books is the most comonly used one, because it allows for small business owners to do their accouting by themselves wihout having to pay someoen else to do it. Tax programs such as TaxCut Pro are also very popular.

Why many small business tend to fail?

maybe not many people would now about the buisness or they might not have that much money to keep there buisness running.

What type of license do you need to start a small business in West Virginia?

It depends on the type of business but two things you need for sure, first a business license from the city hall that you will be based out of and the second is a business checking account. I started my own company at the age of 17 and became a self made millionaire by the age of 25. You must have a passion for what you do to succeed. I retired at the age of 50 when one of my sons was in a motorcross accident and suffered permanent brain damage. I now devote my time to helping people start their own businesses. I am always available to help and answer your questions. I also have extremely easy businesses to start if you are looking for advice. Read my bio if you get a chance.

What is the most profitable business to have?

According to Forbes the most profitable business to have is Accounting services industry includes services like bookkeeping, designing accounting systems, payroll billing and preparing financial statements and tax returns. Profits Three reasons of profit: pricing power (everybody needs accountants, no matter how the economy is doing), low overhead and marketing scale, thanks to plenty of repeat clients.

Entrepreneur are born and not made?

Yes and no, I was one of the lucky one's born with the drive to be my own boss and started my own company at the age of 17. I became a self made millionaire by the age of 25. Then there are the people that discover a passion they have to get ahead in life, take control of their finances and their future. Read my bio if you wish, it's never too late to start to be a entreprneur! I have over 33 years experience and I am always available to halp and answer your questions. I forgot to sign in before I answered your question, so you would not have known who answered it. So I marked improve answer after I signed in.

I want to start a small scale industry for which i need to have the Project report on disposable plastic cups glases and plastic containers can youpl help?

project report on the above industry pl?

hi, you going to start a distribut or manufacture? in where? i am in this field, a manufacture, contact me for discution

Why businesses need to communicate?

Because otherwise your business will go down the drain, just look at McDonalds 'Big Mac Blunder'

How do I start a small business with bad credit?

i thinks that is impossible

in this economic situation banks are not lending

and especially as you have a bad credit you will not get a loan

you might finance it your self or enter a partnership

anyways good luck