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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 the benefits of starting a business?

Benefits of starting a business -- assuming you have planned it correctly and have a good strategy -- include:

- More control over your destiny.

- Unlimited financial upside.

- Greater flexibility on your time (after you get the business up and running and put systems and processes in place so it runs without you).

- Increased satisfaction from being your own boss.

- The ability to be creative.

- The fulfillment that comes from creating something out of nothing.

- The ability to serve other people and bring value to them.

- Intellectual stimulation.

- Increased status in your community.

- The chance to live up to your full potential as a leader.

What role does an entrepreneur play in society?

An entrepreneur has to be a person who has possession of a new enterprise, venture or idea, and assumes significant accountability for the inherent risks and the outcome. Entrepreneur in English, is a term applied to the type of personality who is willing to take upon himself a new venture or enterprise and accepts full responsibility for the outcome.

Is human relations and human resources the same?

In my understanding human relations is different from human resources. Why? First, human relations is concern on how a person deals with one another in the course of job satisfaction, mutual understanding and harmonious living condition. Whereas, human resource is concern mainly on the appreciation and acceptance that human beings is a contributory factor to the achievement and development of a certain organization e.g. school, business, and companies.

From: Dr. Alejandro P. Macadatar

What Degree you need to own a winery?

A degree is not required to own a winery. Many wine owners have no degree. They may have learned about wine "hands-on" or they may hire managers and wine makers to oversee the growing of the grapes and the production of the wine.

It does, however, require lots of money to purchase and maintain a winery.

How much do you tip at a hair salon?

Depends what you had done and how your service was. Usually it's $5-$17. Again, it depends what you had done...color, cut, style, highlights, etc. Hope this helps! :)

How did the telegraph affect communication?

Yes it did it helped the north win the civil war because they could give the orders quicker

What is the best home businesses?

If you have have been looking for a home business you can run from your computer without any hassles then you have come to the right place. Here we review ONLY the best home businesses

How many businesses failed during Great Depression?

In the Great Depression, over 11,000 banks failed, and over one million family farms were lost.

What is the need of coordination in business management?

For higher productivity in an organisation. Maintain the smooth and good relationship between subordinates and owner and for Human Resource Development.

How does an llc get investors?

Similarly to any other corporation, you can seek private investors to partner with or issue stock.

What are the objectives of entrepreneurship?

the main objective is to generate huge profits through the launching of new products on the market, method of production, opening new markets and new sources of supply

How much do Pauls Boutique bags cost?

They are cheaper in store than they are online.

The price of Paul's Boutique bags can range from 30 to 80 pounds. The prices at Paul's Boutique Outlet are comparatively lower. See the related link.

Explain what a stakeholder is Identify the different types of stakeholders?

There are many definitions of a stakeholder, but the most accepted one is from Strategic Management: A Stakeholder Approach (1984) by R. Edward Freeman:

'any group or individual who can affect or is affected by the achievement of the organization's objectives' (1984: 46).'

There are as many ways of categorising stakeholders into types as there are definitions of stakeholders. My preferred method is to Eden and Akermann's Power/Interest matrix. This is a grid that separates stakeholders into Players (high power, high interest), Subjects (high interest, low power), Context Setters (high power, low interest) and Crowd (low power, low interest). You can find a version of the matrix at http://www.stakeholdermap.com/stakeholder-analysis.html.

I hope this helps.

Why is entrepreneurial ability distinct from labor?

Because entrepreneurial ability is directly engaged in production

Source of Finance for small scale industries?

the source of finance for small scale indusries,can be from friends,family and club members.

What are the advantages and disadvantages of using the help of the Department of Trade and Industry?

I have found very little help from them when I started my business. They are a typical quango in that they self perpetuate themselves and puff themselves up. I found they were inefectual in providing any real help if you had anything out of the ordinary to as. They seem to be there for big business and to promote overseas trade while ignoring the needs of new businesses and small businesses.