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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
1. Determine your product/service cost. How much did it cost you? As an example, let's assume the product cost is $1.40.
2.Determine the percentage markup you wish to apply. Research your industry to apply a markup that will be competitive. In this example, we will use 30 percent.3. Convert the percentage markup to a decimal. In this case, a 30 percent markup would translate to 0.30 (30 divided by 100).4. Subtract the decimal in STEP 3 from 1. In this example, 1 minus 0.30 equals 0.70.5. Compute the total selling price by taking the cost from STEP 1 and dividing it by the result from STEP 4. In this example, $1.40 is divided by 0.70. The result is $2.00, which should be the total selling price.6. Calculate the price markup by subtracting the product cost from the selling price. In this example, the $2.00 selling price minus the $1.40 product cost gives you a price markup of $0.60.How can an entrepreneur tell if a product opportunity gap exists?
By observing trends, solving a problem, and finding gaps in the marketplace are the three general approaches entrepreneurs use to identify an opportunity.
Sample of a feasibility study on boutique particularly on clothes and jewelries?
a feasibility report of starting a small scale fish farming
Where can you complain about customers?
There is a site for contractors and businesses to share feedback about hard to please customers in their area on a site called Business Beware.
Advantages and disadvantages of partnership business?
- Risk of argument between the partner's,
- Partners have joints several liability and losing their personal assets,
- If either partner was in competed or dishonest
Why did Nolan Bushnell want to name UWink UWink?
Per an article in Los Angeles CityBeat the name of the restaurant is "meant to conjure 'food, flirting, and technology.'" See the related link below for more info.
What is the definition of a franchise company?
A franchise company is a company that through franchise- in order to grow the company has a franchise stategy meaning they allow independent 3rd parties to use their brand and strategy assuming they follow the protocols of the franchising co. for ex - you can open up a Mcdonalds not owned by Mcdonalds and you have to pay fees as per the franchise agreement. Just like ClickTecs in Mississauga, Ontario Canada is a franchise marketing company, marketing franchise businesses online. They are running up with a great business. They are holding big giants such as Ford, a franchise blog is running by ClickTecs.
What is a business opportunity?
A business opportunity can mean different things to everyone. To me it means having the chance to do something that most people don't have the privilege of doing. Getting that opportunity is something that we shouldn't take for granted.
What is the meaning of opportunity seeker?
It means someone who probably has lost all chances they had to be able to achieve a goal and now since all options are gone, they tend to look for an 'opportunity' or a good chance to make it some place else. Applies also to business, competition and jobs.
A person who does good in every opportunity he gets so and also that person finds opportunities in simple things.
Did madam cj walker invent the perm?
Answer #3: No Madam C. J. Walker did not invent the perm or the straightening comb. This is a myth.
Answer #1: yes Mrs. madam cj walker did invent the perm she invented lots more stuff to like the straiting comb and flat iron.
Answer #2: No Madam C. J. Walker did not invent the perm. Infact, she did not like the use of chemical hair straighteners. Her main products were her vegetable shampoo, her "wonderful hair grower" (which contained sulphur and was used to heal dandruff and scalp disease) and glossine (which softened the hair and made it easier to comb). Other inventors developed chemical hair straighteners as early as the 1850s long before Madam Walker was born. An African American man named Garrett Morgan was one of the many people who experimented with chemical hair straighteners during the late 19th and early 20th centuries.
Most successful businessman in the world?
If you measure success by money, Carlos Slim Helú, CEO of Telmex and América Móvil, is the richest businessman in the world.
How many hours does a owner of a hotel works?
When the owner did right, the hotel works, not the owner. An owner of a hotel will have to have a management-contract with a company to get sufficient guestroom-occupancy. The management-company will operate the property.
What are the benefits of small business card?
They are easy to eat cause some are flavored. I eat them every day. you should try one.
What measurement would you use to measure the area of a trampoline?
Depends on what trampoline your talking about, i'd use feet
How do you start a title company in South Carolina?
==From the lighter side . . .== If you have no idea how to begin a title company then you may as well just buy a title company kit at Walmart and off you go.
Compare and contrast scenerio planning and project management
They agreed that estate taxes were to tough if farmers and small business persons wanted their heirs to continue their work.
What is the debate that men are better entrepreneurs than women?
I would have to say there are more male entrepreneurs then women but as far as quality I have not seen any real difference. I do believe there are more men because they are not quite as afraid to take risk But I see no difference in quality.
