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1Full Thesis -Mohamed Burci- THE ROLE OF SMALL BUSINESS IN ECONOMIC GROWTH IN PUNTLAND-libre 11

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Dauda Suleman , Samuel H. Nyarko

Abstract In Kenya the Micro and Small Enterprise (MSE) sector has been experiencing challenges in growth which has been manifested through enterprise mortality before the third birthday which has been occasioned by liberalization that has intensified competition in the economy. The purpose of this study was to assess the effects of entrepreneurial training(ET) on the growth of MSEs in Kangemi suburbs, Nairobi county.Although ET may be important, it has not been widely used as an intervention in the growth of MSE and barely any research has been done on its influence on the growth of MSEs in Kangemi.Quasi-experimental research was used in this study.It involved selecting groups, upon which a variable was tested,without any random pre-selection processes.Quasi-experimental designs attempted to rule out unrelated explanations so that the outcome could be attributed only to the experimental intervention which was ET.The target population of the study was the enterprise owners in MSE sector in Kangemi,Nairobi who have been trained over the last three years by the microfinance institutions. A total of 100 MSE owners formed the sample population. Questionnaires were administered to the sample population to enhance data collection for this study. Qualitative analysis was used to analyze the data and key themes were identified as well as statistical representations such as percentages,bar graphs,and charts were used.The research findings revealed that SME owners in Kangemi Nairobi county were in agreement that the training content covered in the training had a positive relationship with ability to learn.When they acquired several entreprenuerial skills such decision making, financial mangemnt,time managent skills, they were able to make better decisions,communicate well,manage finances better and improved in time management in their enterprise.These skills helped in increasing profitabilty which lead to opening of new branches, diversification of enterprises among other measures of growth. Key words;Entrepreneurial training,training content micro and small enterprises.

Dr Sazir Nsubuga PhD Mayanja

Joseph K Wulifan

It is conventional wisdom that new businesses be planned prior to their start-up hence prospective business founders are generally advised to develop formal plans of their proposed ventures. A business plan that serves as a blueprint or road map that provides direction and increases the firm’s chances for survival and success is thus essential. According to Kraten and Kenneth (2010), a business planning document represents “a nuts-and-bolts document” that clearly demonstrates that the business operator prepared to operate the business from day one. Andualem (1997) asserts that SMEs with regards to Ghana comprise activities that are independently owned and operated; managed by the owner; have a small share of the market; and employ 6-49 employees. This study investigated the impact of a business planning document on the growth of small scale businesses. Basically, the researcher chose the survey strategy in line with the observation that it is possible to use survey approaches within either a qualitative or quantitative research strategy. All the 50 respondents chosen purposively from the target population responded to the survey questionnaires. The study found that business planning influences the success or survival of SMEs. Also SMEs Enhance poverty alleviation, Improve per capita income, Enhance the quality of lives, Encourage technological innovations, Enhance export promotion, Enhance GDP growth, Encourage entrepreneurship, Accelerate employment generation, Ensure inter- and intra-regional decentralization, Serve as a countervailing force against the economic power of larger firms, Accelerate the achievement of wider socio-economic objectives, as well as Serve as cornerstone for socioeconomic growth and stability.

The purpose of the study was to determine the relationship between commercial banks lending policies and financial performance of selected small scale businesses in Ibanda Town Council. The study was guided by three objectives namely; to examine the lending policies used in Commercial Banks by Small Scale Businesses, to establish the factors influencing the financial performance of Small Scale Businesses and to examine the relationship between Commercial Banks lending policies and financial performance of selected small scale businesses. The study used data collected using a questionnaire and interviews and during the study descriptive research design was used as both quantitative and qualitative research methodologies were also used while sample of 60 respondents was used. The study examined the lending policies used in Commercial Banks by Small Scale Businesses in Ibanda town council, interest rate, property valuation, repayment period, type of loan needed and minimum and maximum amount of loan are the profoundly used policies to determine the lending out of credit also various small scale businesses operated in Ibanda town council and they conclude; hard ware, clothe selling, general merchandise, restaurants and pubs, stone quarrying and food processing and selling. Meanwhile the relationship between lending policies and performance of small scale businesses in Ibanda was manifested in; amount of money given, relationship with commercial banks, high value of security needed, low repayment period and high interest, On addition, small scale business in Ibanda town council have been influenced by very many factors such as; poor communication, lack of focus, high taxes, electricity supply, high interest, poor roads, high value of security, unskilled employees, rent, lack of trade credits and customer care. The study recommends that there is need for Commercial Banks to reduce further on the interest rate they charge on credits business clients apply for, business persons ought to form business associations; these will enable entrepreneurs lobby support from government also business training is important for entrepreneurs in Ibanda town council and Commercial Banks should adjust on the collateral security demanded as a prerequisite for a loan.

For an economy to live up to expectation in the committee of nation’s development, such economy must achieve accelerated economic growth and development which is a prerequisite for improving quality of life. Small and Medium-scale Enterprises (SMEs) are strategic to attainment of economic prosperity objective of any government of which our nation Ghana is no exception. This study aims at delving deeply into the general contributions of Small and Medium-scale Enterprises (SMEs), the perception of owner managers or entrepreneurs of SMEs and goes on to further determines the long-term strategies that would sustain their existence in Ghana and make them a formidable force and pillar to the nation’s development. Additionally, it is also aimed at placing full emphasis on the importance of SMEs not just in employment creation but in the fact that they add up immensely in vital indicators of the economy’s growth. In this research a total of fifty (50) copies of the questionnaires were administered to various entrepreneurs in order to ascertain the perception of the role that they play in the economic development of Ghana. Out of this, forty (40) copies representing (80%) of the questionnaire were properly completed and retrieved while ten (10) copies representing 20% were not retrieved. The instruments used to gather information for this study includes questionnaires and interview and the main statistical method employed to analyze data for the study is the simple percentage. The results show that SMEs through their contributions such as employment generation, Gross Domestic Product Growth and Increase in Tax Revenue in Ghana makes their operations a major pivot of economic growth to Ghana. The researchers therefore concluded that for a nation irrespective of its economic ideology to achieve meaningful and sustainable development, adequate attention must be given to wide spread of economic activities through entrepreneurship and small and medium scale enterprise generation.

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Small Businesses Essays

Small Businesses Essays (Examples)

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Small Businesses

Small businesses are the backbone of American economy. They are easier to start, minimum capital is required and if, they succeed, the economy reaps benefits more than it does when the entrepreneur was working as an employee. There is something alluring about a small business -- a typical American tale of rages to riches in the making. A new start-up comes forth and may blossom into one of the most successful businesses of its territory and suddenly we have another American Dream story on our hands. But the same can turn sour when mismanagement, lack of funds, and simple dearth of proper strategies result in failure of the small business venture. So how do we define a small business? According to Moeller (2002): "In general, if a company has fewer than 500 employees, it is considered a small business, no matter what its annual sales volume is. Using this definition…

1) "Raising Money" accessed 17th May 2005: http://www.entrepreneur.com/howto/raisemoney/0,5964,,00.html

2) Joan Moeller, How Long is Your Yardstick? Defining Small Business, Analyst's Journal. July 1, 2002

3) Konosuke Odaka, Minoru Sawai. Small Firms, Large Concerns: The Development of Small Business in Comparative Perspective. Oxford University Press. Oxford. 1999.

4) McKenzie, R. And Schoumacher, B. (1992), Successful Business Plans for Architects, New York: McGraw-Hill, pp 55-87.

Small Businesses Important Information for Small Businesses

Small Businesses: Important Information for Small Businesses about Exporting Products: One of the most important aspects of any business both small and large is exporting products since it leads to business growth and increased profits. For many small businesses, it's crucial to export products because of the many available opportunities in foreign markets. However, it's critical for a small business owner to collect some necessary information before deciding to export the company's products. First, the small business owner needs to conduct a careful analysis of the merits and demerits of expanding into new markets. Information regarding the benefits and disadvantages of expanding into foreign markets is crucial because it determines the available business opportunities and help in developing a global marketing plan. Secondly, understanding financing and pricing issues regarding global trade is an essential element for a small business to develop a successful exporting business. In order for a small…

management and operational issues that are faced by the Small and Medium Enterprises (SMEs) are being discussed. When we talk about the management and running of a small firm, this fact has to be kept in mind that the operations, management, activities are all very different from those of the large firms. In the small firms the main focus in on maintaining, managing and carrying out the day-to-day or the short-term operational activities. The management activities of the small firms are mainly concerned about the pressures being faced by the external environment and how to predict and control the operational environment in the best possible manner (Sha, 2010). It has been observed by prior researches and statistics that failure is faced by majority of the SMEs within two years of initiation (LeBrasseur, Zanibbi and Zinger, 2003). According to Storey (2000; also see Burns, 2001) about 50% of the firms stop…

BURNS, P. 2001. Entrepreneurship and Small Business. New York: Palgrave.

HALL, G. 1995. Surviving and Prospering in the small firm sector. London: Routledge.

HUNGER, J.D. And WHEELEN, T.L. 2003. Essentials of Strategic Management, 3rd edition. New Jersey: Prentice Hall.

LEBRASSEUR, R., ZANIBBI, L. And ZINGER, T.J. 2003. 'Growth Momentum in the Early Stages of Small Business Start-ups', International Small Business Journal, 21(3): 315-330.

Small Businesses What Is the

A third factor in consumer's reluctance to put their credit card information online is the lack of trust in the retailer themselves overcharging them or being unethical in their use of the financial information. The level of trust for online retailers varies widely, with Amazon.com and Southwest.com (Southwest Airlines) being the most trusted. The vast majority of sites however are not trusted, not matter how many logos or certifications they put on their sites. There is a large industry that concentrates just on the certification of websites as being capable of supporting secured transactions through a verification seal. MacAfee, Symantec and others offer this seal and a service to ensure a website can securely manage transactions. The validations these seals provide are only somewhat effective in driving additional sales online however. The fact remains that it is the continual experiences of customers with a retailer, both on and off-line determine…

Jeffrey L. Furman, Michael E. Porter, and Scott Stern. "The determinants of national innovative capacity. " Research Policy 31.6 (2002): 899.

Fabien De Geuser, Stella Mooraj, and Daniel Oyon. "Does the Balanced Scorecard Add Value? Empirical Evidence on its Effect on Performance. " European Accounting Review 18.1 (2009): 93.

W Chan Kim, and Renee Mauborgne. "Value innovation: a leap into the blue ocean. " The Journal of Business Strategy 26.4 (2005): 22-28.

Porter, Michael E. "Towards a Dynamic Theory of Strategy. " Strategic Management Journal 12.(1991): 95-117.

Information Technology IT for Small Businesses

usiness Information Technology and the Small usiness Information technology has had an impact on all areas of society, including a major impact on the business world. For some small businesses, there is an assumption that information technology is only required for major businesses operating on large scales. In contrast, it is suggested that information technology may be even more important to the small business than it is to the large business. Small businesses are often required to be successful against the odds, and while facing major competitive forces. Information technology can provide the kind of advantages that can make the difference. To illustrate this, five areas where information technology can be effectively applied in the small business will now be discussed. Information and Decision Making As the business environment becomes more competitive there becomes a greater need for every business to make good decisions. For the small business especially, there…

Gates, B. (1999). Business @ The Speed of Thought. New York: Penguin.

Girard, K. (2003). How Levi's got its jeans into Wal-Mart. CIO Magazine July 15, 2003. Retrieved February 22, 2004. URL:

http://www.cio.com/archive/071503/levis.html

Gronroos, C. (1994). From marketing mix to relationship marketing: Towards a paradigm shift in marketing." Asia-Australia Marketing Journal, 2(1), 9-29.

Managerial Impact on Small Businesses

This is because this thesis has some limitations that should be observed when taking into consideration the importance of the thesis and its assistance. This thesis has concentrated on a subject that has been an extremely large and leading one, that is, the managerial impact on small businesses and the underlying reasons being reluctance shown by small business managers to make use of information technology and Internet. Undoubtedly, this characterizes an extremely difficult assignment for research in spite of the more precise interests that the thesis might have. This wide-ranging and difficult subject has been analyzed from a somewhat limited experimental perception. The choice of the single thesis design obviously draws out numerous limitations in so far as the simplification of the outcome of the thesis is involved. Consequently, the thesis setting can simply be termed as a sort of direct framework of the past and present trends in the…

Armistead, Colin and Kiely, J. (eds) (1997) Effective Organizations: New Directions and Perspectives, London, Cassell.

Cash, J., Eccles, R.G., Hohria, N. And Nolan, R.L. (1994) Building the Information Age Organization, Burr Ridge, Ill., Richard Irwin.

Clement, Bernard et al. (2001) Cyber-Security Issues. The ITPS Report, Seville, vol. 57, 2-8.

Cockfield, Lord (1995) Network Europe and the Information Society, London, Federal Trust.

Online Selling Small Businesses & 8226 Identify Benefits

online selling small businesses. • Identify benefits costs online retailing i) small businesses online retailing ii) small business online retailing. • Explain online retailing affect financial management existing small business chooses move online retailing. Online Selling The following pages focus on identifying and discussing the impact that online selling has on small businesses. The paper intends to address issues like benefits and costs associated with online retailing. In order to provide information that can be used in understanding the factors that influence this process, the paper presents the situation of small businesses that use online retailing, but also of those that do not use this type of retailing. This comparison is intended to help readers better understand the data collected by the research process. The research method used in this case is represented by secondary data collection. The reason behind selecting this technique relies on the advantages of secondary research.…

Reference list:

1. Grosso, C. et al. (2005). Retailing: What's Working Online. McKinsey Quarterly. Retrieved October 14, 2011 from http://www.mckinseyquarterly.com/Retailing_Whats_working_online_1631 .

2. Online Retailing's Next Frontier (2011). Forbes. Retrieved October 15, 2011 from

Training and Development in Small Businesses

Networks of Boston Key elements of training and development geared toward improving the performance The three important Elements in training and development include: Strategic Analysis This factor will help the employees understand the strategic position of Tech Networks. It is critical to diagnose environmental changes and establish their influence on the company and employees. In training, strategic analysis establishes a view of the key variables that could affect the future and present performance of the company (Armstrong, 2007). When strategic analysis is conducted perfectly, it helps the company choose the best strategy for growth in the market. It will be beneficial to understand some key elements under strategic analysis. The environment: Tech Networks would not exist without the ability to interact with a complex commercial, economic, technological, political, social, and cultural environment. Tech Networks of Boston is faced with changing environments. A precise understanding of the impacts is important in…

Armstrong, M. (2007). A handbook of human resource management practice. London [u.a.: Kogan Page.

Evans, V. (2012). The Financial times essential guide to writing a business plan: How to win backing to start up or grow your business. Harlow, England: Pearson.

Harrison, M.I. (2009). Diagnosing organizations: Methods, models, and processes. Thousand Oaks [u.a.: Sage Pubns Inc.

Merson, R. (2011). Guide to managing growth: Turning success into even bigger success. Hoboken, N.J: Wiley.

Marketing Challenges for Small Businesses

Marketing Challenges for Small usinesses This research paper is about building and marketing a small business. While marketing plays an important role in the day-to-day running of a small business it's also about planning for its long-term development, which requires multi-dimensional objectives beyond mere cost-per-sale. The emphasis of marketing is on understanding the diversity of consumer behavior, implementing segmentation strategies, cultivating consumer-oriented definitions of innovations, adopting a policy of continual improvement and exploring every opportunity to broaden their industry. Small business can now compete in a global marketplace with big businesses, thus making a significant contribution to the national economy. The Internet offers small businesses a worldwide structure of business promotion. Although customers and their needs are the focal point of the marketing process, few companies start with this in mind. Invariably somebody had a good idea for a product or service and this became the initiative to start the…

Bibliography http://www.questia.com/ PM.qst?a=o&d=5000517279

Beech, Wendy M. "Crafting Your Sales Technique: With a Marketing Plan, You Can Put Your Sales and Promotion Strategies in Place." Black Enterprise Dec. 1997: 31. Questia. 20 May 2004

Government Encouraging Small Businesses Importance of Government

Government Encouraging Small Businesses Importance of Government Encouragement of Small Business The socio-economic considerations of the federal procurement process The federal procedure is made up of different social-economic factors that are of contention in establishing a free and fair-trading. The core intentions of the existence of the federal procedures are to foster stability in the fields of social and economic exemplifications. The policy statements laid by the federal procedures are directed at bringing the best out of the economic and social conditions of the people. In many avenues that cater for varied approaches of loving amicably in the country, the United States of American government established a branch of cohesion and establishment of a free trading mechanism for all the people (Feldman, 2013). The federal procedures ensure the country has existed in terms of stable and functioning social-economic platform. For instance, the stability reflects on the magnitudes of exploring profitability…

Feldman, S.W. (2013). Government Contract Guidebook. Fourth Edition. West, A Thomas

Reuters Business

Gatti, S. (2013). Project finance in theory and practice: Designing, structuring and financing private and public projects. Waltham, MA: Academic Press/Elsevier.

Gosdin, J.L., & American Bar Association. (2007). Title insurance: A comprehensive overview. Chicago, IL: Section of Real Property, Probate, and Trust Law, ABA.

Small-Business Marketing Strategy Small Business Derrick Fine

Small-Business Marketing Strategy Small business Derrick Fine Foods were established in 2001 by Derrick John with the San Francisco store being the first, followed by New York branch and the Tennessee. DFF deals in various consumables hence has the bakery department, meats department, produce section, cheese and dairy section as well as wine section. This gives it a wide coverage in terms of the edibles that may be needed on a daily basis by the clients that visit their stores. There are various reasons that informed the location of the three branches at the regions they are at. San Francisco was identified and preferred for the first store after a thorough needs assessment that was carried out by Derrick hence indicating that a gourmet store was needed in the region. The most important factor was the population of San Francisco which was 60,000 on average at the time and was…

Federal Business Opportunities, (2012). Home. Retrieved September 17, 2012 from https://www.fbo.gov/

Federal Register, (2012). Today's Issue of the Federal Register. Retrieved September 17, 2012 from http://www.gpo.gov/fdsys/browse/collection.action?collectionCode=FR&browsePath=2012&isCollapsed=true&leafLevelBrowse=false&ycord=0

US Small Business Administration, (2012). SBA Direct: Find What Matters to You. Retrieved September 17, 2012 from http://www.sba.gov/

Federal Procurement Data System, (2012). Federal Procurement Report. Retrieved September 17, 2012 from https://www.fpds.gov/fpdsng_cms/index.php/reports

Small Business Strategy Small Business Marketing Strategy

Small Business Strategy Small Business Marketing Strategy A television commercials business The small business will be termed as a television commercials business. The business involves marketing of products and services that include television gadgets, programs, hardware, software, and services related with television services. The small business will start operations as a small entrepreneur that accommodates and sells small and support gadgets that are related to television services in town. The objective of the business is to be a global force in provision and sell of television brands in the years to come. The business thrives in the motive of becoming one of suppliers and repairers of television materials in the region. The business has been established on the notion that there are many services and materials that can be provided to people with opportunities being utilized. As part of the objectives of business, services offered will have to meet the…

Cronin-Gilmore, J. (2010). Small business marketing strategy: Exploring marketing strategies for small businesses in the United States. Saarbru-cken: VDM Verlag Dr.

Debelak, D. (2000). Streetwise marketing plan: Winning strategies for every small business.

Holbrook, Mass: Adams Media.

Small Business Plan for a

The first segment is represented by other teenagers. They are most likely to want to buy products that have a social impact, such as t-shirts or mugs with photos of teenager activities. At the same time, they are also the greatest consumers of Internet products, so disseminating the product in an online environment, not only through Snappysnaps, but also through its own website. The only potentially negative aspect of this fact is the idea that this category of consumers does not have a discretionary income, but is rather constrained by what money their parents are offering them. Another potentially negative element to be considered is the fact that the product competes with other teenage products with social impact. A distinct other group of consumers are the teenagers' parents, from two different perspectives. First, they are likely to encourage an activity for the teenagers such as this business is. Second, they…

Small Business Taking a Small Clothing Store

Small Business Taking a small clothing store to the online world is a bold proposition. There are a few strengths that this store can draw upon to help it succeed. The first is the name recognition of the Jersey Shore -- people actually know where it is now and that will help the store by putting it into some context. (e will assume that the context is good, at least for our target market). Another strength is that rent in the area is relatively low, compared with larger urban centers along the Atlantic Seaboard. This means that the store has room to expand once sales exceed the capacity of the existing premises. That said, there are a few weaknesses. The store is small, and therefore has no brand name of its own. For people to buy from the store, they must first reach the website and that will not happen…

Das, R. (2011). Identity theft in e-commerce. Technology Executives Club. Retrieved October 21, 2011 from http://www.technologyexecutivesclub.com/Articles/security/identifytheft.php

Martin, M. (2011). Costs of starting on online retail business. Startup Nation. Retrieved October 21, 2011 from http://www.startupnation.com/business-articles/1227/1/AT_Costs-Starting-Online-Retail-Business.asp

No author. (2011). Trio of big retailers divorce Amazon marketplace. E-Commerce News. Retrieved October 21, 2011 from http://ecommercejunkie.com/2011/02/08/trio-of-big-retailers-divorce-amazon-marketplace/

Slater, D. (2011). Retail security: Critical strategies. CSO Online. Retrieved October 21, 2011 from http://www.csoonline.com/article/600931/retail-security-critical-strategies

Small Business Gov't Marketing Enviro

Through these websites, the company could also stress that its services would be recognized worldwide and the U.S. would improve its standing in the world community relating to this subject and therefore gain the respect of other countries. With regards to utilizing edBizOpps, the company must also be aware of the services that this websites provides, and utilize what it needs only. or instance, the website is very useful for marketing activities, due to the fact that it would provide both opportunities, and allow other to seek for opportunities provided, such as those by Enviro LTD. According to the website, in the Buyers/Engineers section, "Government users may post, manage, and award opportunities." In the Vendors/Citizens section, furthermore, it states, "Vendors and citizens may search, monitor, and retrieve opportunities." In this latter section, one can preview, at no cost, various opportunities and sign up. When signing up, one can include, in…

Frequently Asked Questions about Government Contracting. (2011). Small Business Notes. Retrieved November 13, 2011, from http://www.smallbusinessnotes.com/starting-a-business/frequently-asked-question-about-government-contracting.html#b >.

FedBizOpps. (2011). FedBizOpps.gov. Retrieved November 13, 2011, from https://www.fbo.gov/ >.

FedBizOpps. (2011). FedBizOpps.gov. Retrieved November 13, 2011, from <

Small Business Plan a Business Plan for

Small Business Plan A Business Plan for the Reorganization of a Small Restaurant Company Overview & Strategy Revised Statement of Mission and Vision Mission Statement Vision Statement Product and Service Marketing Macro Environment Target Market & Customers Facilities Business Performance Analysis Strengths eaknesses Opportunities Threats PESTEL Analysis Political Economic Social Technological Environmental Factors Legal Factors Financial Projections Risk Analysis Action Plan The Hometown Grill is considering making changes to its menu to become both healthier and more sustainable. Several lines of investigations were conducted including an industry overview analysis, a PESTEL analysis, as well as a SOT analysis. It is recommended that the Hometown Grill continue with its inquiry and begin integrating changes such as localizing its supply chain and redesigning its menu items. Company Overview & Strategy This business proposal has been prepared for a locally owned and family operated restaurant known as the Hometown Grill. The restaurant has…

Bawden, T., 2011. Real household disposable income falls for the first time in 30 years. [Online]

Available at: http://www.guardian.co.uk/uk/2011/mar/29/real-incomes-fall-30-years [Accessed 11 February 2013].

Lascelles, D., N.d.. How Supply Chains Create Shareholder Value. [Online]

Available at: http://www.scp-uk.co.uk/pdf/strategy.pdf

Small Business Is an Essential

Venture capital is the money that businesses get from investors to start or continue a business. Ironically the advantages of a business plan are also correlated with some of the disadvantages of a business plan. For instance, a book entitled Under the adar: Starting Your Net Business without Venture Capital, Venture capitalists often find that many business plans are too optimistic (Kling 2001). The book asserts that, Trying to obtain venture capital funding without a business plan is like trying to get into college without filling out an application. Ironically, however, even venture capitalists are skeptical about business plans. Any venture capitalist will tell you that a first-rate team with a second-rate business plan is preferable to a second-rate team with a first-rate business plan. In fact, when I listen to venture capitalists describe how they make their decisions, the process often sounds highly intuitive and almost romantic -- like…

Writing the Plan. Small Business Administration.

Small Business Software Review the

Sage, who has seen how costly application customization can be, has created a series of template-based charts of accounts, with the last count indicating they had over 70 of Charts of Accounts that could be quickly used by customers to customize for their business. Sage has also seen that inordinate customization of software can lead to a lack of adoption; hence their motivation for creating a library that can easily be used by customers. As Peachtree suffered from an exceptionally bad reputation for usability in its first several product generations on the Microsoft Windows platform (Collins, 2006), Sage is attempting to overcome these limitations through intensive investment in ergonomics and usability. Adding to these efforts include the development of an Online Knowledgebase and Help Center, in addition to the development of AJAX-based microsites that interlink content together. All of these sources of data are in turn integrated via XML to…

Bernoff, J., & Li, C.. (2008). Harnessing the Power of the Oh-So-Social Web. MIT Sloan Management Review, 49(3), 36-42.

J Carlton Collins. (2006). Small Business Software Grows Up. Journal of Accountancy, 201(3), 50

Yu Cong, & Hui Du. (2007). Welcome to the World of Web 2.0. The CPA Journal, 77(5), 6,8-10.

Michael Giardina. (2004). Buying Software: Look for What's Right, Not for What's 'Best'. The CPA Journal, 74(3), 10.

Small Business - Banking Start-Up

Video Tape and Disc ental entals Catalog/Mail Order etailing Health and Personal Care Stores etailing Table 2: Comparisons of Most isky Small Business (BizStats.com, cited by Telberg, 2003) An Engine of Economic Growth More and more, Craig, Jackson and Thomson (2007) argue, policymakers perceive the small business sector "as a potential engine of economic growth. Policies to promote small businesses include tax relief, direct subsidies, and indirect subsidies through government lending programs." These authors stress that encouraging lending to small business purports the Small Business Administration's (SBA's) primary policy objective of the loan-guarantee program. In their study, Craig, Jackson and Thomson (2007) implement empirical research to focus on SBA-guaranteed lending, utilizing a panel data set of SBA-guaranteed loans, they assess whether SBA-guaranteed lending discernibly impacts local economic performance. Ultimately, these authors cautiously conclude that "There is a positive (although small) and significant relationship between the level of SBA-guaranteed lending in…

Authority, purpose and scope. (2002). EXTENSIONS of CREDIT by FEDERAL RESERVE BANKS (REGULATION a). Retrieved November 10, 2007, at http://ecfr.gpoaccess.gov/cgi/t/text/text-idx?c=ecfr&sid=57016e116171461106934124459aa8aa&rgn=div5&view=text&node=1-2:2.0.1.1.1&idno=12#12:2.0.1.1.1.0.1.1

Small Business the Owner of a Small

Small Business The owner of a small business in today's world is troubled by so many problems as well as is encountered by many opportunities on a daily basis. When one has to run a company, no matter how big or small it might be, one needs to have the ability of looking outside the business for the solutions of the problems, for better ideas and for the best practices for the growth, expansion and success of the business. Nonetheless, some of the ideas that are given in the text books or the best practices for that matter should be studied carefully and critically before applying them to one's own business (Zahorsky, 2013). This paper is based on an interview that I conducted with a 38-year-old lady who started her own small business back in the year 2011. She lives in Lahore, Pakistan and designs and makes ladies dresses on…

Small Business Management in Regards to the Landscaping Business

Small business management principles are important considerations in relation to a landscaping or gardening business. Like other small businesses, an owner or manager of a landscaping business must have a clear understanding of entrepreneurialism, business plans, legal aspects of business in the United States, finance, and pricing. An understanding of these concepts can help the landscaping business owner overcome many of the potential setbacks of small business, and help them enjoy the rewards that come with running a small business. Entrepreneurialism is an important concept for the manager of a small landscaping business to understand. The Global Entrepreneurship Institute defines entrepreneurialism as a person who wants to start his or her own business, as well as finding new opportunities for business and expansion at the same company. Some of the traits of entrepreneurialism include risk-taking, and personal management of that risk. Innovators, small business owners, and executives can be seen…

Business Town. WHY PLAN YOUR Business? 25 April 2004. http://www.businesstown.com/planning/creating-why2.asp

Find Law. Torts. http://sv.biz.findlaw.com/legal/tort.html

Global Entrepreneurship Institute. Entrepreneurship. 26 April 2004. http://www.gcase.org/gcase.org-Entrepreneurship.htm

McNamara, Carter. Legal Forms and Traditional Structures of U.S. Business Organizations. 25 April 2004. http://www.managementhelp.org/org_thry/forms.htm

Small Business Idea

Small Business Idea hen starting a new company, there are a number of different forms the business can take. It is important to understand the differences between the forms, including their advantages and disadvantages. The main forms for a new small business are sole proprietorship, partnership, C-corporation and S-corporation. The small business that is being considered is a gourmet food truck that will sell the finest Southern barbeque. The truck will be mobile, selling at multiple locations around town. The truck will have a variety of menu items and will generally operate as any restaurant would with respect to the local regulations. The first form of business to be discussed is the sole proprietorship. This form of business is the easiest to set up. Many "mom and pop" businesses take this business form, which is usually used when the business is only run by one or two people. In sole…

IRS. (2010). S corporations. Internal Revenue Service. Retrieved September 24, 2011 from http://www.irs.gov/businesses/small/article/0,,id=98263,00.html

IRS (2011). Corporations. Internal Revenue Service. Retrieved September 24, 2011 from http://www.irs.gov/businesses/small/article/0,,id=98240,00.html

Taylor, P. (2006). Sole proprietorship, partnership or corporation? E-Zine. Retrieved September 24, 2011 from http://ezinearticles.com/?Sole-Proprietorship,-Partnership,-or-Corporation?&id=346737

Business Managing the Small Business

UltiPro is an industry leader in HCM, delivering more out-of-the-box functionality than any other provider. UltiPro's continuous H and talent management functionality includes recruitment, onboarding, payroll, worker and manager self-service, benefits administration, compensation management, performance management and reviews, succession management, talent retention tools, time and attendance, workforce scheduling, rich reporting and analytical decision-making tools, and more. UltiPro's Web portal can serve as a company's communications center and the fundamental gateway for business activities because it conveys functionality for everyone in the company, from H and financial departments as well as executives, staff managers, and individual staff. With the UltiPro portal, H/payroll staff, managers, and administrators can complete daily worker administration tasks, administer benefits, manage staff, and access reporting in real-time, all from one central location. Managers and executives can access frequently requested reports and analyze workforce statistics and trends on-demand. Employees can access pay and benefits information, get questions answered,…

Small Business Obtaining Capital to

82 in 2011 to $1.24 in 2012. Moreover, the company has been able to increase its net cash from operating activities from $12.7 million at the end of the 2011 fiscal year 2011 to $25.2 million in 2012. Moreover, the company has been able to increase the shareholder's value over the years. Typically, the company records ROE growth of 14% and EPS growth of 26% at the end of the fiscal year 2012. The company has been able to increase its total assets within the past 5 years. For example, the company total assets in 2011 were $168 million while the total assets increased to $178 at the end of 2012 fiscal year. Table 1: KMG Financial Ratios Between 2006 and 2012 2012 2011 2010 2009 2008 2007 2006 Earnings/Share 0.96 0.85 1.34 0.91 0.48 0.80 0.40 Profit Margin, % 3.93 3.65 7.35 5.35 3.48 9.85 5.31 Return on Equity,…

Barhart. KMG Chemicals. (KMGB).2012.

Forbes. KMG Chemicals. Forbes Fortune. 2012.

Allebach, M.A. Small Business, Equity Financing, and the Internet: The Evolution of a Solution? Virginal Journal of Law and Technology.4(3). 1999.

Continual Improvement

Small Business Dilemma

Small Business Dilemma Should Jim borrow dollars or pounds to finance his joint venture business? Why? Based on an analysis of the external factors affecting this scenario, including present and forecasted interest rates for the Unites States dollar and the British pound, it is clear that Jim should definitely borrow pounds to finance his joint venture business. This conclusion is based on the established fact that "the actual cost of financing by the debtor firm will depend on: (1) the interest rate charged by the bank that provided the loan, and (2) the movement in the borrowed currency's value over the life of the loan" (Madura & Fox, 2007). Despite the fact that the British interest rate is somewhat higher, Sports Exports Company would be able to offset a portion of the firm's exposure by electing to borrow British pounds because "the international Fisher effect (IFE) suggests that the currency…

Abdulnasser, H.J. (2009). The international fisher effect: Theory and application. Investment Management and Financial Innovations, 6(1), 117-121. Retrieved from http://www.businessperspectives.org/journals_free/imfi/2009/imfi_en_2009_01_Hatemi - J.pdf

Madura, J., & Fox, R. (2007). International finance management. (8th ed., p. 693). London, England: Thomson Learning. DOI: books.google.de/books?id=5cBqxUwGtvkC&pg=PA601&hl=de&source=gbs_toc_r&cad =4

Small Business Taxes Small Business

The same goes for business-related periodicals and magazines. (Dratch 2008, p. 2) Mileage: Once again, this involves careful bookkeeping, but the deductions can add up. Keep a dated log of all business-related mileage, tolls, and parking costs. According to the IRS website, the 2009 IRS deduction rate for business-related mileage was 55 cents per mile. Travel, Entertainment, and Meals: For the small business, 100% of travel and entertainment expenses are deductible, as well as 50% of meal expenses. It should come as no surprise that these deductions must have supporting documentation showing them to be business-related. Shelter Your Income Investment property can be a valuable tax shelter. The IRS allows you to shelter up to $25,000 in an investment property, but there are strict requirements. You must own 10% of the property as an individual owner, not through limited partnership. And you must be involved in the "active management" of…

Akasie, Jay. (2009, Apr. 6). Last Minute Small Business Tax Tips. Retrieved May 29, 2010 from http://www.forbes.com . [website]

Dratch, Dana. (2008, Mar. 26). A Dozen Deductions for Your Small Business. Retrieved May 30, 2010 from http://www.bankrate.com/finance/money-guides/a-dozen-deductions-for-your-small-business-1.aspx . [website]

Tax Tips for Small Businesses. (2010, Jan. 20). Retrieved May 30, 2010 from www.fool.com. [website]

Small Business Association A Sba's

In case the lender makes approval of the loan, depending on a SBA guarantee, an application copy as well as a credit analysis is sent by the lender to the SBA Office which is nearby. After the approval of the SBA, the institution of lending readies the loan and makes funds disbursal. The borrower makes loan payments on a monthly basis directly towards the lender. Similar to other loans, the borrower is responsible for repayment of the complete loan amount. "No balloon payments, prepayment penalties, application fees or points are permitted with the 7(a) loans. However repayment plans might be tailored to each business." (SBA Assistance: Financial Program and Other Assistance) Christina: Sir, one last question before we wrap up. Could share some of the achievements of SBA Loan Program? Steve Preston: I feel privileged to share with you that since 1953, about 20 million of the small businesses have…

Anglund, Sandra M. Small Business Policy and the American Creed. Westport, Conn:

Bannock, Graham. The Economics and Management of Small Business: An International

Perspective. Routledge. 2005.

Small Business Contract Acquisition

Small Business Contract The objective of this paper is to suggest the simplified an acquisition method that our organization could employ to bid for contract from the federal government. Typically, we are intending to bid for the contract that worth $600,000 from the Department of Defense (DoD) and we are required to select an appropriate simplified acquisition method. Appropriate Simplified Acquisitions Method The federal government agencies purchase product and services using three methods: Simplified acquisitions, Sealed bids, and Negotiation. Simplified acquisition method is the easiest method that the governments use to acquire product and services from contractors. This paper suggests that BPAs (Blanket Purchase Agreements) will be appropriate as the simplified acquisition method for our organization. The rational for selecting blanket purchase agreements is to fill anticipated repetitive needs for supply of the government goods and services. Since our organization is anticipating bidding for the contact worth $600,000, the BPAs…

Acquisition Central ( 2013).Subpart 15.2 -- Solicitation and Receipt of Proposals and Information, USA.

Acquisition Central ( 2013). Subpart 13.3 -- Simplified Acquisition Methods, USA.

U.S. Department of Health & Human Services. (2014).Chapter 5: Small Business Review of Simplified Acquisition Actions, USA.

Small Business Management and Entrepreneurship

mall-Business Management & Entrepreneurship The fruition of many years of dreaming and planning will be realized through the opening of a restaurant in the Tri Cities area. Opening any business requires serious planning and calculations, yet the special needs of a restaurant are particular to the idea that many restaurants have gradual and long-term returns on investment. tart-up costs are often very significant with hard goods and food costs making up a very large output, not to mention procuring a location and either a purchase or lease and either building or remodeling space to meet the needs of the business and procuring the real estate. Breaking even is often a guiding light at the end of a very long tunnel, between six months and two years depending on the region, and turning a profit often takes much longer. Another consideration is of coarse that restaurants usually do not provide a…

Service Business." Retrieved February 20, 2003, Website: ( http://www.paloalto.com/ps/bp/ebb_details.cfm?b=1&ac=googleselect , restbind)

Sanson, M. (December, 2002). Will It Come to a Smoking License for Restaurants?

Restaurant Hospitality, 86(12), pg. 8.

Small Business

customer preferences on supply and demand in a small business. Review information on supply and demand. Human wants and needs and how those are translated into the sales of goods affect supply and demand, particularly in a small business environment. [Small Business] Supply and demand provides a framework for understanding how prices are determined in individual markets, especially when it comes to the small business owner. Prices and quantities are the two components in the small business marketplace and individuals play a key role in determining what the marketplace will bear. It all begins with our own individual needs and desires and how we communicate this, resulting in the right blend of goods and services. As individuals, we are all at one time or another involved in the buying or selling of goods. The whole process is very interactive and highly integrated. The idea of optimization involves both buyers and…

Small Business Needs to Do

" (2008) Hoagland asks the final question of whether the marketing message "...provide[s] an immediate offer? (2008) Hoagland states that the marketing plan, if it is to be effective must contain: (1) a marketing message that has the element that (2) interrupts; (3) engages; (4) educates; and (5) offers. The work entitled: "eating Goliath" published in the Smart usiness Magazine relates the story of Mike Abt and his success in keeping his electronics business ahead of the big-box competition. The report states that Mike Abt "as the president of Abt Electronics, the largest single-store electronics and appliance dealer in the United States, besting the competition is his passion. From beating the big-box retailers on price to having an exceptional Web presence and creating an engaging in-store experience, Abt has used traditional and not-so-traditional techniques to draw customers in and keep them coming back." (Wurzinger, 2006) Wurzinger states that it is…

Bannock, G. (2005). The Economics and Management of Small Business: An International Perspective. New York: Routledge.

The Impact of Big Box Retail Chains on Small Businesses (2000) Center for Applied Economics Research. January 2000. Online available at http://www.msubillings.edu/caer/bix%20box%20report.htm

Hoagland-Smith, Leanne (2008) Top 7 Tips to Avoid the Top 7 Mistakes Small Business Owners Make. Evan Carmichael 2008.

Hoagland-Smith, Leanne (2008) Customer Service Take Your Fear of the Competition Turn it Around to Generate Incredible Results. Evan Carmichael. 2008

Small Business 123 My Way My Town

Small Business 123 My Way My Town, USA. 55555 (555) [HIDDEN] Sylvia Simpson FROM: Manager's Name Warning Letter During our meeting on April 30 of this year we discussed your conduct regarding the 8 occasions you arrived to work late during the month. At that time you were given an oral warning and you stipulated that this conduct would cease. However, thus far in the month of May you have arrived to work late 6 times. This conduct is a violation of the work agreement and is creating friction with your co-workers as well as clients who have indicated that they are having difficulty contacting you during office hours. This conduct negatively impacts the moral of the office environment and the quality of our service inasmuch as your co-workers see this as a failure to support their efforts to make this business as successful as possible. Furthermore, your conduct exposes…

Small Business Strategic Planning Is Still an

small business, strategic planning is still an important process. Pirraglia (2013) notes that strategic planning describes where the business is going to go, which helps define the terms of the business and provides guidance for the business' actions. Strategy, he points out, defines action. By laying out a strategic plan, the owner of the business takes the opportunity to understand the business and think about the objectives that are to be achieved. Our company is a marketing consulting firm. It is important that the strategic plan must begin with the mission and vision statement that helps to define what the business is and what it intends to contribute to the world. The mission statement is created by identifying the organization's winning idea (MindTools, 2013). Our winning idea is that we will be the best marketing consulting firm in the area, catering to only the finest clientele. In that respect, our…

MindTools. (2013). Mission statements and vision statements. Mind Tools Retrieved April 20, 2013 from http://www.mindtools.com/pages/article/newLDR_90.htm

Pirraglia, W. (2013). Why is strategic planning important to a business? Houston Chronicle. Retrieved April 20, 2013 from http://smallbusiness.chron.com/strategic-planning-important-business-2671.html

Small Business Recovery

ecovery From Disaster There can be occurrence of incidences in a small business that prevent the business from its normal operations. These incidences can be such as floods, fires or even serious malfunctioning of the computers or incidences of information security. It is the responsibility of business management to help the business recover from these incidences in the least time possible, with the least disruptions and minimal cost. Small business owners should therefore be interested in best practices in disaster planning so that they can reduce risks in case of the occurrence of a disaster (Walzer, 2009). Every business ought to have a disaster plan that is comprehensive, it is quite unfortunate that most businesses view developing disaster plans as being tedious and time consuming. It is very important for any business to have a disaster plan so that incase disaster strikes they have a framework of bouncing back into…

Beal, V.(2012). How a Disaster Recovery Plan can Save your Business. Retrieved April 23, 2013 from http://www.smallbusinesscomputing.com/tipsforsmallbusiness/how-a-disaster-recovery-plan-can-save-your-business.html

Walzer, J., (2009). Disaster Recovery. Retrieved April 23, 2013 from http://www.nytimes.com/2009/09/10/business/smallbusiness/10disaster.html?_r=0

Business Law Sam is operating on thin ground with his offering of a pension plan for his 12 employees. Technically he is correct when he says he does not have to offer a pension plan to his employees, but, by having done so, he now assumes fiduciary responsibility for that plan. "The duty to act prudently is one of a fiduciary's responsibilities under ERISA. It requires expertise in a variety of areas, such as investments." (U.S. 2006) Because Sam does not have the expertise required to manage a pension plan, as evidenced by the fact that he is prepared to invest 50% of the plan's assets into company stock, he could find himself in hot water if, and when, the company experiences difficult financial times or even has to declare bankruptcy. It is rather strange that a company with only 12 employees has stock, which would probably mean that the…

U.S. Department of Labor, (2006) Meeting Your Fiduciary Responsibilities, http://www.dol.gov/ebsa/publications/fiduciaryresponsibility.html , Accessed October 30, 2006

What Is Needed to Start a Small Business

Small Business Uncovering Critical Success Factors for Starting a Small Business Venture Small businesses have been considered the mainstay in countries around the world. In many European countries for example, the small business has been considered crucial to the success and flourishment of the country in general. Most individuals embark upon a small business venture in the hopes of realizing ownership, independent profits and personal success. Small businesses can prove extremely successful when planned properly. Studies suggest that several small businesses however, close or fail within the first few years of operation. This failure suggests that a majority of small business owners may not have as yet realized the crucial success factors necessary for successful implementation of a small business. There are as yet, few empirical studies conducted that specifically address key factors for the success of small businesses across several industries. As such, the aim of this paper is…

Attard, J. "Business Information and Ideas to Go." {Online} Business Know How. Available: http://www.businessknowhow.com/quick/financing.htm

Bunzel, J. (1962). "The American Small Businessman." Knopf: New York.

Bruchey, S. (1980). (Ed). "Small Business in American Life." New York: Columbia University Press.

Drucker, P. (1985). "Innovation and Entrepreneurship Practice and Principles." Harper & Row, New York.

Analyzing Small Business Scalability

Small Business Scalability Scalability can be delineated as how easy or simple it is for a business to grow and extend its business model and at the same time cultivate its revenues substantially devoid of similarly increase its level of costs incurred. Scalability is of great importance to small businesses. In relation to the fixed costs and expenses, the revenues of small businesses have the potential to rise exponentially and as a result, scalable businesses have an offering for more profitability and huge growth prospects. On the other hand, cash flow encompasses the money that moves into and out of a business, which as a result has an influence on the liquidity of the business. Line of credit encompasses the amount of credit that a business or entity as a borrower is extended to. The purpose of this paper will be to discuss the significance of credit lines and cash…

Central Bank. "Small businesses must understand the importance of cash flow." 2016. Retrieved 31 March 2016 from: https://www.centralbank.net/Pages/Learning-Center/Business-Resouce-Center/Small-businesses-must-understand-the-importance-of-cash-flow/

D&B. "Why small businesses should manage their business credit." 2016. Retrieved 31 March 2016 from: http://www.dnb.com/content/dam/U.S./dnb/legacy/small-business-manage-business-credit.pdf

LeBlanc, Jeanette. "What Is Scalability in Business? 5 Keys for Success." Infusion Soft. 2014. Retrieved 31 March 2016 from: http://learn.infusionsoft.com/growth/planning-strategy/what-is-scalability-in-business/

Mills, Karen, and Brayden McCarthy. "The state of small business lending: Credit access during the recovery and how technology may change the game." Harvard Business School General Management Unit Working Paper15-004 (2014).

risks facing this company that immediately need to be addressed. The major risks include the fact that the company has already violated a number of the premises upon which the company was formed. Those premises are the close relationship with a number of sunglass manufacturers, the product value and the brand development. Additionally a risk assumed by the company was that they were providing an untested product to untested sales people; these are individuals who have no previous ties to the company. It was nice that Evan was able to establish a relationship with Mark and Judy Chen, and that is a good start along with the fact that they would oversee the operations in Hong Kong. However, the trust put into Mark and Judy is one that is double-edged in nature. If they do not do their job in an efficient manner, who then will coordinate the manufacturing activities?…

Starting a Small Business in Germany Small

Starting a small business in Germany Small and medium enterprises are the vital part of Germany's economy and so the Government makes it easy for residents and non-residents to start and run a small business in any part of Germany. After considering whether a small business is perfect for you and your lifestyle, you can decide from the five different forms of business ownership. The next step is to choose an appropriate name for your business and then you can apply to the German Federal Ministry of Economics and Technology for license and permits. Understand the taxation rates of Germany and then look for means to brand your business using the right media. When these steps are undertaken, you are all set to begin your small business. The success rate in Germany is fairly high and this means, you have a fairly good chance of being successful. Introduction The procedures…

Organisation for Economic Co-operation and Development. (2000). The OECD Small and Medium Enterprise Outlook. OECD Publishing.

Hall, Christine. (2001). Living & Working in Germany: Settle in Quickly and get the most out of your stay. Oxford, UK: How to books ltd.

Weidemann, Klaus. (October 22, 2007). Things to consider before starting a business. GetEnterprenuerial.com. Retrieved from: http://www.getentrepreneurial.com/starting-up/things_to_consider_before_starting_a_business.html

German Federal Ministry of Economics and Technology. (2011). Setting up a business. Retrieved from: http://www.existenzgruender.de/englisch/self_employment/launch/formalities/index.php

Partnerships Small Business Funding Options and Marketing

Partnerships, Small Business Funding Options, And Marketing Partnership as a Form of Ownership: Pros and Cons In the words of Pride, Hughes and Kapoor (2011), "the U.S. Uniform Partnership Act defines a partnership as a voluntary association of two or more persons to act as co-owners of a business for profit." This form of business ownership has distinct advantages and disadvantages. When it comes to the advantages, it is important to note that unlike most other forms of ownership; i.e. A limited liability company, the establishment of a partnership is regarded relatively easy. Indeed, according to Pride, Hughes and Kapoor (2011), the registration of the business name and securing the relevant permits and licenses are in most cases the only regal requirements for setting up a partnership. Next, it should also be noted that unlike a sole proprietorship form of ownership, it is much easier to raise funds in a…

Gitman, L.J. & McDaniel, C.D. (2008). The Future of Business: The Essentials (4th ed.). Mason, OH: Cengage Learning.

Jiambalvo, J. (2009). Managerial Accounting (4th ed.). Hoboken, NJ: John Wiley & Sons.

Kelly, M. & McGowen, J. (2010). BUSN. Mason, OH: Cengage Learning.

Lamb, C.W., Hair, J.F. & McDaniel, C.D. (2008). Marketing (10th ed.). Mason, OH: Cengage Learning.

Homestay LLC Is a Small Business That

Homestay LLC is a small business that provides accommodation services to international students in New York City, Miami, Los Angeles, and Washington DC. All accommodations are made with host families that interact with students on a daily basis. The industry generates millions of dollars yearly and is growing rapidly. It sole purpose is to help international students to feel comfortable while being in the United Stares. They screen each family that partakes in this program to insure the safety of the international students. Therefore, they have an unique program that looks after the well-being of international students, which adds a nice comfort those students who are from other countries. I intend to validate the organizational vision, mission, and values statements by incorporating teamwork. The company follows the ethics of teamwork in order to maintain productivity include teamwork on a daily basis, which encourages them to provide safe and secure places…

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Methods for Decision Making. (2012). Retrieved September 9, 2012, from Foundation Coalition: http://www.foundationcoalition.org/home/keycomponents/teams/decision2.html

problem-solving and decision-making. (2010). Retrieved September 9, 2012, from businessballs.com: http://www.businessballs.com/problemsolving.htm

Subway Restaurants Small Business- Subway Restaurants Amidst

Subway estaurants Small Business- Subway estaurants Amidst the depths of the Great ecession, one restaurant chain managed to grow their revenues and bottom line with a unique marketing concept created by a franchise owner. The now famous "Five Dollar Foot Long" was launched by a Stuart Frankel, a Miami Subway Franchise owner, and is "a national phenomenon that has turbocharged Subway's performance" (Boyle, M. November 5, 2009). Subway restaurants with 2010 revenues of 15.2 billion, is the global leader in locations with 33,959 topping McDonald's 32,373 locales (Brandau, M. March 9, 2011). The Subway story is instrumental in analyzing the costs and benefits of the franchise concept, but also is useful in explicating the three fundamental questions of economics: what product or service to produce, how it is produced, and for which customers it is produced for (Mankiw, G.N. 2004). What does Subway Produce? Subway is the ninth best global…

Boyle, M. (November 5, 2009). The Accidental Hero. Businessweek.com. Retrieved November 7, 2011 from http://www.businessweek.com/magazine/content/09_46/b4155058815908.htm

Brandau, M. (March 9, 2011). Subway may have More Units, but McD Holds More

Cash. Nation's Restaurant News.com. Retrieved November 7, 2011 from http://www.nrn.com/article/subway-may-have-more-units-mcd-holds-more-cash

Canter, L. (February 10, 2011). Joining the Subway Franchise Team. Food and Drink

Starting a Small Business the

The concept of brand loyalty is gradually wiping out. It is the enterprise with a persona that will become successful in the 21st century, according to Steven Cohen, the director of corporate development for the accounting and professional services firm of Goldstein Golub Kessler & Co. (Pollan, 1993) Irrespective of the type of business with which the entrepreneur is involved it is required to allure and maintain good people those can serve as the replica of the entrepreneur while addressing the customers. This is not possible unless some type of enduring relationship is offered to them. One normal mode is to deploy individuals those may not desire permanent relationship. There may be people thinking of flex-time or part-time positions to harmonize their home lives. Or they may be the older individuals those think the complete retirement is not what they desire. Irrespective of their environment, the entrepreneur is required to…

Odaka, Konosuke; Sawai, Minoru. (1999) "Small Firms, Large Concerns: The Development of Small Business in Comparative Perspective." Oxford University Press.

Linda, R. (January 2002) "The Power of Innovation: Driving Small Business Growth." Canadian Speeches. Vol. 15; No: 1; pp: 18-22

Litvan, Laura. M. (June, 1996) "The Hot Zones for Entrepreneurs - Growth Areas for Small Businesses." Nation's Business. 32-37

Pollan, Stephen. M; Levine, Mark. (8 November, 1993) "Small Business Start-Ups" U.S. News and World Report. Vol: 7; No: 1; pp: 76-85

eCRM'systems for Small Businesses

Optimal e-CRM System for a Growing Business Based on Our Town Photography's dual goal of tracking it clients' purchases while being able to automatically offer similar products and services that complement their purchases, the following overview and comparison of electronic customer relationship management (e-CRM) systems is provided, followed by a recommendation concerning the best system for the company's needs. The advantages of an e-CRM system and why Our Town Photography would benefit from such a system Simply stated, e-CRM systems take advantage of cloud-based technologies to offer companies an efficient means of tracking customer purchases and demographic data in ways that can facilitate marketing efforts. The definition provided by Turban (2012), "Electronic CRM (e-CRM) is the electronically delivered or managed subset of CRM. It concerns all forms of managing relationships with customers when using information technologies" (p. 37). While e-CRM is a subset of CRM, virtually all CRM systems use…

Sba the Small Business Association

Of course, the FEMA application process itself was also problematic. The SBA created secure Internet-based application templates for aid to expedite the loan request process. Stress testing and plans for maximum user capacity levels was instituted within the system (SBA, 2006, GMO). User applications were thus better 'triaged' based upon likelihood of approval, and where the loan should be directed. isk modeling was introduced, to help cope with future emergencies. The prediction of damage from a variety of types of disasters, in target locations would allow for anticipation of increased levels of demand (SBA, 2006, GMO). Unfortunately, improvement of the system was undertaken only after the backlog had been created. Unmet demand can create more demand, as businesses without critical resources can fall into more debt and see more damage being done to their businesses, as a result of the aftereffects of the disaster. While the SBA blamed its faulty…

SBA: Actions needed to provide more timely data assistance. (2006). GMO. Retrieved August

8, 2010 at http://www.gao.gov/new.items/d06860.pdf

US Small Business Association awards contract to SRA. (2006, April 3). SRA. Retrieved August

8, 2010 at http://www.sra.com/news/press-releases/phoenix.zhtml?print=1&ID=837791&c=131092&highlight=&p=irol-newsArticle

Consultancy Inc Is a Small Business Organization

Consultancy Inc. is a small business organization specializing in the management consultancy for various businesses in the United States. ecent growth experienced by the Best Consultancy has made the company to integrate network technology to facilitate the business agility. Thus, my neighbor, who is the owner of the business, has contacted me to assist him in designing a network system that could serve his business purpose. Meanwhile, Best Consultancy requires the following network devices in the company network technology: laptops, 2 workstations, and 1 server supporting 3 users Wireless networking quality networked printer File and folder sharing Internet access Multiple email addresses Basic security environment which similar to home environment Initial investment of $5,000 or less ecurring costs to be less than $200 per month To design the network system for Best Consultancy, it is essential to integrate the following network devices for the company network technology: Project Objective Objective…

Cisco (2010). Cisco 3900 Series, 2900 Series, and 1900 Series Integrated Services Routers Generation 2 Software Configuration Guide. Cisco Systems, Inc.

Clark, D.D. Pogran, K.T. & Reed, P.R. (2008). An Introduction to Local Area Networks. Proceddings of the IEEE Xplore 66(11): 1497-1517.

Jenkins, S. (2003). Secure Network Architecture: Best Practices for Small Business and Government Entities. SANS Institute.

Canadian Small Business Directory Weaknesses

Threats For an Internet portal such as this directory, many 'threats' are evident, given that consumers have such a wide array of other potential choices use to find information. Perhaps the most obvious threat is Google itself -- consumers can simply Google businesses directly and cut out the 'middleperson.' Or they can look for portals specifically designed to direct users to movers, restaurants, etcetera. Many portals like 'Yelp' also include user reviews, which this website lacks. Perhaps the most obvious competitor for the website, however, is the simplest -- the Canadian online Yellow Pages, which allows for easy searching -- the search function is on the website homepage. There are also multiple ways of searching the Yellow Pages, such as by name, business, and location -- or by filtering specifically through all of these functions. For example, a user could find a yoga studio in Ontario, rather than have to…

Canadian Small Business Directory. (2011). Retrieved August 2, 2011 at http://www.vendorland.ca/

Canadian Yellow Pages. (2011). Retrieved August 2, 2011 at http://www.yellowpages.ca/

HR Management in the Small Business

Human esources Management is a vitally important part of the business world. Indeed, the ability to manage employees can mean the success or failure a firm. For the purposes of this discussion, we will explore human resources management as it relates to small business. Throughout this discussion, we will focus on Issues such as the changing global workforce, corporate culture, management issues, information technology, and workforce diversity. Changing Global workforce According to a journal article found in the Journal of Business Strategies explains that H management strategies must change to fit the changes in the global workforce (McWilliams et al. 2001). The article asserts that companies are focusing more on maintaining the competitive advantage in the global workforce (McWilliams et al. 2001). The article reports that companies are increasingly opening international offices and must learn how to manage human resources accordingly (McWilliams et al. 2001). The authors assert One of…

Diversity Training (2004). Retrieved October 27, 2004, at http://www.shrm.org/diversity/training1.asp

How Should My Organization Define Diversity" (2004). Retrieved October 27, 2004, at http://www.shrm.org/diversity/definingdiversity.asp# http://www.questia.com/ PM.qst?a=o&d=28656428

Cropanzano, R.S. & Michele, K.K. (Eds.). (1995). Organizational Politics, Justice, and Support: Managing the Social Climate of the Workplace. Westport, CT: Quorum Books.

Best Software Applications for Small Business

Collaborative Software: Groupware • Type of software Samepage: Group, sharing: cloud-based software • List of vendors and products reviewed, from at least three categories Vendors: Samepage.io Products: Samepage for desktop; Samepage apps for iOS, Android, Windows, • Product selected Samepage Collaboration Software • eason the product was selected eviews were very positive and the demo and interface appeared very clean and user friendly. • Brief description of the software, including cost: Discuss the possibility of integrating with other software being recommended Samepage Pro-is $10 per month and offers unlimited team collaboration with administrative controls, unlimited pages and storage, permissions manager, user and activity insights, external calendar integration and priority support. Integration with other software is not possible although various non-software-based projects can be brought into Samepage; this is a drawback • Advantages and disadvantages of using the software The software acts similarly to Dot Loop and allows multiple users to…

Biafore, B. (2015). QuickBooks 2015: The Missing Manual. CA: O'Reilly Media.

Captera Samepage. (2015). Captera. Retrieved from http://www.capterra.com/collaboration-software/spotlight/147578/Samepage/Samepage

Nelson, S. (2012). QuickBooks Simple Start for Dummies. NJ: Wiley Publishing.

Lulu Frost Small Business

Lulu Frost is a warm and inspirational person. She began her discussion by starting with her beginnings. Comment with Art history, she detailed her passions citing her grandmother as her biggest influence. She loved looking into the past and explained why her passion for art and the history of art surfaced. Not only is she a passionate woman, but embraces multiculturalism and learned to excel at an early age saying "Once you know what you want, you have to work hard for it." This quote stayed with me because it reminded me of my own struggles and passions in life and how one succeed only through sheer determination and hard work. When she began her business, she did so because she wanted to own her own company and be her own boss. She got her first break at Barney's with no connection at first, having to prepare herself for getting…

"The Product Management Triangle." 2014. Medium. https://medium.com/@danielfschmidt/introducing-the-product-management-triangle-4a5b9b02532c#.x2tcop5nx.

Business Pros and Cons of Partnership as

Business Pros and Cons of Partnership as a form of business Partnership is a form of business where one or more individuals come together for the realization of a common economic goal. As with other forms of businesses, there are numerous pros and cons that come with it. One of the primary advantages is the pooling of resources that can be used for the achievement of the common goal. These common resources can include capital as well as skills needed for the successful execution of the business objectives. Another advantage is the lower rate of taxation. The profits from the business is treated as personal tax and so, the slabs are much lower. Lastly, it offers a high degree of flexibility and is simpler than many other forms of businesses such as corporations. Partnership comes with its disadvantages as well. Firstly, partners have a joint and several liability which means…

Hanson, Mary. (1998). The Business Adviser Partnership: The Pros and Cons. Bizadvisor.com. Retrieved from: http://bizadvisor.com/PartnershipProsandCons.htm

US Small Business Administration. (2012). Retrieved from: http://www.sba.gov/

Warren, Carl; Reeve, James; Duchac, Jonathan. (2011). Managerial Accounting. California: Cengage Learning.

Moore, Karl. Pareek, Niketh. (2010). Marketing: The Basics. New York: Taylor & Grancis.

Business Plan Biz Online Is

The company shall have sales section, which shall be in charge of reaching market already created by the marketing team. We shall employ gorilla tactics whereby sales people are send to the client premises to discuss and delivery the service or make a deal. The Biz online shall also have a group of sales representative based in the office. These sales representatives shall be tasked with outsourcing potential clients' telephone number and calling them. However, we intends to sale most of our services through online. Every client who would like to buy any of our services could simply login on our system and make payment through their Visa cards. Finally, Biz online intends to have a sales desk in the office as its long time objectives, to listen to clients, call clients and solve their query amicable. Sales Forecast No/S Description 1st Year 2 nd 3 rd 1 Coupon Sale…

Business Mentoring Is a Critical Job and

Business Mentoring Mentoring is a critical job and is important for the one providing it as well as the party seeking it. The business parties seeking mentoring are normally those that are beginners and they wish to avoid problems by seeking expert advice. On the other hand the mentor's credibility and business experience is proved when he offers mentoring and advice. Theft and fraud are two most common issues faced by the starting businesses. The paper discusses what advice can be offered to beginners to avoid theft and fraud in business. What advice can be offered to beginners to avoid theft and fraud in business? Mentor Mentoring is an advisory job and should be backed by proper knowledge and experience. Based on the three decades of business experience, it can be said that fraud and theft are most common in business however only a little more carefulness can help avoid…

Epstein, L., (2013), "Protecting Your Business from Theft and Fraud," Retrieved from:

http://www.dummies.com/how-to/content/protecting-your-business-from-theft-and-fraud.html

Matthews, C., (2002), "Preventing Small-Business Fraud," Retrieved from:

http://www.inc.com/articles/2002/09/24630.html

Small Company Entry Advantage No

ole of Commitment in Small Company Entry Advantage The huge contributing factor for the success of any business is how committed and accountable people involved in the business feel. Level of commitment in small companied is usually less because a business is not established until the money generated in the form of profit exceeds the money invested in the business. Till this point is reached, the company is not said to be running business. In case this point is not reached, small businesses are quickly winded up, thus this shows low commitment level. People are committed to business in small industries but level of commitment is less as compared to large organizations because it does not involves large number of stakeholders or board members who need to be informed and asked for consent for making decisions. Instant decisions are made in small industries even in case of winding up, thus…

Awuah, G.B., & Reinert, V. Small Firms' Use of Their Business Relationships to Cope with Increased Competition. International Journal of Business Strategy, 44-55. 2012.

Hirschey, M. Managerial Economics [With Access Code]. London: South Western. 2009.

Howard, J.L. Small Business Growth: Development of Indicators. Academy of Entrepreneurship Journal, 33-45. 2006.

Morrison, a., Breen, J., & Ali, S. Small Business Growth: Intention, Ability, and Opportunity. Journal of Small Business Management, 66-78. 2003.

Business Challenges Small Medium Business Challenges Small and

Business Challenges Small/Medium Business Challenges Small and medium sized businesses produce most of the revenue in the United States and they account for more jobs than the largest corporations. Yet there are challenges that these companies face that set them apart from their larger competitors. The fact that a business is small makes it difficult to maintain growth, and it is also difficult for these types of businesses to maintain the employees that they have trained. Large competitors can poach trained employees that are valuable to any organization, but can be essential to a small business. Another issue if the fact that small and medium sized businesses sometimes operate with financial margins that can be incredibly tight. This means that upgrading to new software and hardware necessary for the business can be a challenge. The many difficulties that these types of companies face are somewhat mitigated by helps that are…

BobCAD-CAM. (2012). BobCAD-CAM software pricing. Retrieved from http://www.bobcad.com/pricing

Richards, L. (2012). Challenges of management development. Retrieved from http://smallbusiness.chron.com/challenges-management-development-1874.html

Small Medium Sized Businesses in United Arab

Small Medium Sized usinesses in United Arab Emirates The objective of this study is to trace the history, customer services, CRM and satisfaction issues and problems in small medium size businesses in the United Arab Emirates and to discuss the trends in SMEs. Small and Medium-scale Enterprises plays an important role in economic development worldwide. Many developing countries in fact have placed Small and medium enterprise development and promotion on top of their economic agenda one of them is The UAE country. Today United Arab Emirates setup governmental fund such as khalifa fund and Dubai SME fund to expand the SME sector and open new opportunities for entrepreneurs to grow and improve. As, There are many small businesses grow by the funding of the Khalifa fund which is "in 2008 offered Dh 246 million in funds for 154 new industrial and services enterprises." Also, the governmental funding can provides many…

Abu Dhabi Council for Economic Development Emphasizes Support to SME (2009) UAE Interact. 4 May 2009. Retrieved from: http://www.uaeinteract.com/docs/Abu_Dhabi_Council_for_Economic_Development_emphasizes_support_to_SME/35064.htm.

Diana, Allison (nd) UAE CRM and Customer Experience Management Excels. Global CRM. Retrieved from: http://crmsearch.com/uae-crm.php

Microsoft Business Solutions highlights new customer relationship management offering (2002) AME Info. 13 Oct 2002. Retrieved from: http://www.ameinfo.com/20048.html

Small Business (2012) Wikipedia. Retrieved from: http://en.wikipedia.org/wiki/Small_business

Business Failures Reasons for Failure Business Failures

usiness Failures Reasons for Failure usiness failures have become a properly investigated field of study in the past few years as a struggling economy and an overall difficult business environment have combined to discourage potential entrepreneurs from entering the market place and to cause many existing business owners / entrepreneurs from continuing their endeavors. This interest in business failures is precipitated by the fact that the number and nature of business failures impacts negatively on the overall business climate and examining possible causes in an effort to forestall further such failures is vital to maintaining a healthy business environment. The emphasis in recent years has shifted from examining why and how businesses fail toward an analysis of how to avoid and prevent business failures. The failed business that I chose to review was a small ice cream / restaurant in my neighborhood. The name of the business was Charlie's Ice…

Goltz, J. (2011, January 5). Top 10 Reasons Small Business Fail. New York Tmes .

U.S. Small Business Administration. (n.d.). Standard Operating Procedures. Retrieved May 25, 2011, from SBA:

Small Companies and Internationalism a

In other words the company has to establish and nature a good number of relationships and networks, the benefits however depends entirely on the quality of the networks created. It is important to appreciate that this process cannot be taken in haste, this is because the development and maintaining of new information systems, and new products offerings demands a lot of input, coordination and considerable financial investment. In order for a small company to be successful in its quest to internationalize its business the human interaction and competence in the international arena actually matters than the technical knowledge or the product matters. The managers of these companies must have a truly international outlook by seeking worldwide opportunities by cultivating an enthusiasm for exporting their products as this in return will make them understand the global picture of their product. The managers also in the best interest of the company must…

Bent Petersen et.al (n.d). The role of Knowledge in Firms' Internationalization Process:

Wherefrom and Whereto? Retrieved July 30, 2012 from http://openarchive.cbs.dk/bitstream/handle/10398/6595/linkwp01-5.pdf?sequence=1

Economy Watch, (2010). Global Business Strategy. Retrieved July 30, 2012 from http://www.economywatch.com/business/global-business-strategy.html

Business Plan Business Financial Plan for Sweet

Business Plan Business Financial Plan for Sweet Tooth Treats Baking has always been a major part of my family life, and for generations there has been infamous cookie recipes past down from one cook to the next. Every holiday season, my cookies are notorious for being the best any gift receivers have ever had. Finally, I believe it is time to make my baking hobby and actual money making enterprise. I know I have the recipe, the potential customers, and options for both retail space and an online presence. The only thing missing is the initial push to make this hobby an actual business -- Sweet Tooth Treats. Business Start Up Plan Product The essentially product here is the various cookies, of different flavors and ingredients. I have several recipes for cookies, both permanent and seasonal variations. These products will be sold in both individual sales at a retail location,…

Colorado Small Business Association. (2012). The beginning balance sheet. Documents. Web. https://www.coloradosbdc.org/DocumentMaster.aspx?doc=4

Damrauer, Virginia Hire. (2010). One Good Cookie. National University. Web. http://www.academia.edu/346438/One_Good_Cookie_A_Business_Plan

Hub Pages. (2012). How to start your own cookie business from home. Small Business and Entrepreneurs. Web. http://kathrynvercillo.hubpages.com/hub/Start_Your_Own_Cookie_Business

Office of Financial Management. (2012). Generally Accepted Accounting Principles (GAAP). Accounting Principles. Web. http://www.ofm.wa.gov/policy/80.20.htm

Business the Objective of This

III. METHODS of ANALYSIS to INFORM usiness OWNER Various methods of analysis exists which are useful in gaining needed information. One method of analysis is termed a SWOT analysis which examines the business in terms of its 'strengths', 'weaknesses', 'threats', and 'opportunities'. Another analysis that is informing in relation to: (1) Firm strategy, structure, and rivalry, (2) government; (3) factor conditions; (4) related and supported industries; and (5) demand conditions is the method known as Porter's Diamond analysis. ibliography Diamond Model - Porter on Nations (nd) Value-ased Management Online available at http://www.valuebasedmanagement.net/methods_porter_diamond_model.html SWOT Analysis (nd) usiness & Economics. Online available at http://bizeco.blogspot.com/2005/08/SWOT-analysis.html Keener, renda (2006) Creating a Competitive Analysis. Suite 101. Online available at http://marketingpr.suite101.com/article.cfm/creating_a_competitive_analysis

Diamond Model - Porter on Nations (nd) Value-Based Management Online available at http://www.valuebasedmanagement.net/methods_porter_diamond_model.html

SWOT Analysis (nd) Business & Economics. Online available at http://bizeco.blogspot.com/2005/08/SWOT-analysis.html

Keener, Brenda (2006) Creating a Competitive Analysis. Suite 101. Online available at http://marketingpr.suite101.com/article.cfm/creating_a_competitive_analysis

Small businesses are the backbone of American economy. They are easier to start, minimum capital is required and if, they succeed, the economy reaps benefits more than it does…

Small Businesses: Important Information for Small Businesses about Exporting Products: One of the most important aspects of any business both small and large is exporting products since it leads…

management and operational issues that are faced by the Small and Medium Enterprises (SMEs) are being discussed. When we talk about the management and running of a small firm,…

Questionnaire

A third factor in consumer's reluctance to put their credit card information online is the lack of trust in the retailer themselves overcharging them or being unethical in their…

usiness Information Technology and the Small usiness Information technology has had an impact on all areas of society, including a major impact on the business world. For some small…

This is because this thesis has some limitations that should be observed when taking into consideration the importance of the thesis and its assistance. This thesis has concentrated on…

online selling small businesses. • Identify benefits costs online retailing i) small businesses online retailing ii) small business online retailing. • Explain online retailing affect financial management existing small…

Networks of Boston Key elements of training and development geared toward improving the performance The three important Elements in training and development include: Strategic Analysis This factor will help…

Marketing Challenges for Small usinesses This research paper is about building and marketing a small business. While marketing plays an important role in the day-to-day running of a small…

Government Encouraging Small Businesses Importance of Government Encouragement of Small Business The socio-economic considerations of the federal procurement process The federal procedure is made up of different social-economic factors…

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Small Business Strategy Small Business Marketing Strategy A television commercials business The small business will be termed as a television commercials business. The business involves marketing of products and…

Business Plan

The first segment is represented by other teenagers. They are most likely to want to buy products that have a social impact, such as t-shirts or mugs with photos…

Small Business Taking a small clothing store to the online world is a bold proposition. There are a few strengths that this store can draw upon to help it…

Through these websites, the company could also stress that its services would be recognized worldwide and the U.S. would improve its standing in the world community relating to this…

Small Business Plan A Business Plan for the Reorganization of a Small Restaurant Company Overview & Strategy Revised Statement of Mission and Vision Mission Statement Vision Statement Product and…

Venture capital is the money that businesses get from investors to start or continue a business. Ironically the advantages of a business plan are also correlated with some of…

Research Proposal

Sage, who has seen how costly application customization can be, has created a series of template-based charts of accounts, with the last count indicating they had over 70 of…

Video Tape and Disc ental entals Catalog/Mail Order etailing Health and Personal Care Stores etailing Table 2: Comparisons of Most isky Small Business (BizStats.com, cited by Telberg, 2003) An…

Small Business The owner of a small business in today's world is troubled by so many problems as well as is encountered by many opportunities on a daily basis.…

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Small Business Idea hen starting a new company, there are a number of different forms the business can take. It is important to understand the differences between the forms,…

UltiPro is an industry leader in HCM, delivering more out-of-the-box functionality than any other provider. UltiPro's continuous H and talent management functionality includes recruitment, onboarding, payroll, worker and manager…

82 in 2011 to $1.24 in 2012. Moreover, the company has been able to increase its net cash from operating activities from $12.7 million at the end of the…

Small Business Dilemma Should Jim borrow dollars or pounds to finance his joint venture business? Why? Based on an analysis of the external factors affecting this scenario, including present…

The same goes for business-related periodicals and magazines. (Dratch 2008, p. 2) Mileage: Once again, this involves careful bookkeeping, but the deductions can add up. Keep a dated log…

In case the lender makes approval of the loan, depending on a SBA guarantee, an application copy as well as a credit analysis is sent by the lender to…

Small Business Contract The objective of this paper is to suggest the simplified an acquisition method that our organization could employ to bid for contract from the federal government.…

mall-Business Management & Entrepreneurship The fruition of many years of dreaming and planning will be realized through the opening of a restaurant in the Tri Cities area. Opening any…

customer preferences on supply and demand in a small business. Review information on supply and demand. Human wants and needs and how those are translated into the sales of…

" (2008) Hoagland asks the final question of whether the marketing message "...provide[s] an immediate offer? (2008) Hoagland states that the marketing plan, if it is to be effective…

Small Business 123 My Way My Town, USA. 55555 (555) [HIDDEN] Sylvia Simpson FROM: Manager's Name Warning Letter During our meeting on April 30 of this year we discussed…

small business, strategic planning is still an important process. Pirraglia (2013) notes that strategic planning describes where the business is going to go, which helps define the terms of…

Research Paper

Business - Management

ecovery From Disaster There can be occurrence of incidences in a small business that prevent the business from its normal operations. These incidences can be such as floods, fires…

Business Law Sam is operating on thin ground with his offering of a pension plan for his 12 employees. Technically he is correct when he says he does not…

Small Business Uncovering Critical Success Factors for Starting a Small Business Venture Small businesses have been considered the mainstay in countries around the world. In many European countries for…

Sports - College

Small Business Scalability Scalability can be delineated as how easy or simple it is for a business to grow and extend its business model and at the same time…

risks facing this company that immediately need to be addressed. The major risks include the fact that the company has already violated a number of the premises upon which…

Starting a small business in Germany Small and medium enterprises are the vital part of Germany's economy and so the Government makes it easy for residents and non-residents to…

Partnerships, Small Business Funding Options, And Marketing Partnership as a Form of Ownership: Pros and Cons In the words of Pride, Hughes and Kapoor (2011), "the U.S. Uniform Partnership…

Homestay LLC is a small business that provides accommodation services to international students in New York City, Miami, Los Angeles, and Washington DC. All accommodations are made with host…

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Subway estaurants Small Business- Subway estaurants Amidst the depths of the Great ecession, one restaurant chain managed to grow their revenues and bottom line with a unique marketing concept…

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Education - Computers

Of course, the FEMA application process itself was also problematic. The SBA created secure Internet-based application templates for aid to expedite the loan request process. Stress testing and plans…

Consultancy Inc. is a small business organization specializing in the management consultancy for various businesses in the United States. ecent growth experienced by the Best Consultancy has made the…

Threats For an Internet portal such as this directory, many 'threats' are evident, given that consumers have such a wide array of other potential choices use to find information.…

Human esources Management is a vitally important part of the business world. Indeed, the ability to manage employees can mean the success or failure a firm. For the purposes…

Collaborative Software: Groupware • Type of software Samepage: Group, sharing: cloud-based software • List of vendors and products reviewed, from at least three categories Vendors: Samepage.io Products: Samepage for…

Lulu Frost is a warm and inspirational person. She began her discussion by starting with her beginnings. Comment with Art history, she detailed her passions citing her grandmother as…

Business Pros and Cons of Partnership as a form of business Partnership is a form of business where one or more individuals come together for the realization of a…

The company shall have sales section, which shall be in charge of reaching market already created by the marketing team. We shall employ gorilla tactics whereby sales people are…

Business Mentoring Mentoring is a critical job and is important for the one providing it as well as the party seeking it. The business parties seeking mentoring are normally…

ole of Commitment in Small Company Entry Advantage The huge contributing factor for the success of any business is how committed and accountable people involved in the business feel.…

Business Challenges Small/Medium Business Challenges Small and medium sized businesses produce most of the revenue in the United States and they account for more jobs than the largest corporations.…

Small Medium Sized usinesses in United Arab Emirates The objective of this study is to trace the history, customer services, CRM and satisfaction issues and problems in small medium…

usiness Failures Reasons for Failure usiness failures have become a properly investigated field of study in the past few years as a struggling economy and an overall difficult business…

In other words the company has to establish and nature a good number of relationships and networks, the benefits however depends entirely on the quality of the networks created.…

Business Plan Business Financial Plan for Sweet Tooth Treats Baking has always been a major part of my family life, and for generations there has been infamous cookie recipes…

III. METHODS of ANALYSIS to INFORM usiness OWNER Various methods of analysis exists which are useful in gaining needed information. One method of analysis is termed a SWOT analysis…

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Essays about: "A thesis statement for a small business management"

Found 2 essays containing the words A thesis statement for a small business management .

1. Business development in a growth perspective : Barriers to growth in SMEs

Author : Fredrik Lemar ; Najmoddin Nekzada ; [2014] Keywords : ;

Abstract : This is an attempt to approach growth dynamics within small business by the identification and systemization of business developmental implications. We here try to conceptualize the term and concept business development by means of its constituents and its contextualized impact with regards to SME prospering. READ MORE

2. WORKING CAPITAL MANAGEMENT IN TELECOMMUNICATION SECTOR

Author : Gbenga Segun Akinwande ; [2010] Keywords : Working Capital Management WCM ; Small Medium Enterprises SME ; Cash Management ; Inventory Management ; Trade Credit Management ; Policy of Working Capital ; Working Capital Cycle ; Financing Decision ; Nature of Working Capital etc. ;

Abstract : ABSTRACT Title: Working Capital Management in Telecommunication sector: A case study of VGC telecoms Author: Gbenga Segun Akinwande Supervisor: Anders Hederstierna Department: School of Management, Blekinge Institute of Technology Course: Master’s thesis in business administration, 15 credits (ECTS). Background and Problem Discussion: The efficient management of working capital is very vital for a business survival. READ MORE

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How Small Businesses Be Supported?

Introduction, local economies.

Chain store creation has debilitated markets, eroded public character, and disadvantaged communities and traditional life. Furthermore, consolidation has minimized competition and could hurt customers in the long run. In contrast to the conservative wisdom, the decline of Small and Medium Enterprises (SMEs) is not inevitable, nor is it simply the outcome of free marketplace powers. Rather, public policy has played a significant role, specifically through tax incentives and other development subsidies that give national chains a significant advantage. Meanwhile, several communities are taking a changed approach (Boone et al.). They are implementing land usage regulation that obstructs chain stores and actively boost local proprietorship. This proposal aims to elaborate on how SMEs can be sustained to avert them from being damaged by huge chains.

The debate over chain stores is often characterized as a struggle between the consumers’ hearts and wallets. Over the long-standing, customers are best served when there are several competitors in the marketplace. Large sales companies, such as Home Depot, and Best Buy, are known in the industry as category killers (Boone et al.). These businesses do not intend to compete with domestic stores; they target to be the only players in the market. Typically, a chain store will enter a new economy sporting a deep discounts. Numerous chains utilize loss leaders to interest buyers. For instance, Wal-Mart is commonly known to retail gallons of milk for 25 cents or to value entire divisions below its purchase cost (Boone et al.). The approach results in competitive environments that significantly impact the local merchants. If the domestic retailers do not match the chain’s prices, they tend to risk losing clients and profit on every sale. While a chain cannot afford to function in a new outlet at a loss, the local businesses will be compelled to close.

The elimination of the local business will influence a fluctuation in prices by up to 25 percent. For instance, in Virginia, research on Wal-Mart concluded that various Wal-Mart stores statewide found prices varied by as much as 25 percent (Boone et al.). The inflation was instigated by insignificant competition in the marketplace. Similar conclusions were made in a study of Home Depot. The prices were as much as 10 percent higher in the state of Atlanta, equated to the more competitive economies in Greensboro, North Carolina.

Chain stores contribute marginally to the local economy than independent retailers. For instance, research in Lowa concluded that new Wal-Mart centers derive on average 84 prevent of their profits from the existing industries in the community. There are few of the sales generated by new retail stores represent new retail expenditure. Instead, the chain stores shift economic activity from one area of the city to another. The end is not economic development but economic displacement. Research from Massachusetts determined that the planned Wal-Mart store would make the local retailers lose 35 million dollars in sales (Jeble et al.). The 177 jobs expected to be gained by Wal-Mart would lead to the loss of 148 jobs at other local enterprises.

Swapping locally-owned industries for the chain stores further entails the loss of significant secondary economic benefits. Domestic retailers maintain the circulations of profit within the native economy. They also back various other local companies since they create opportunities for service providers, such as printers and accountants. The organizations usually conduct commerce with the community bank and market through independent media stations. Small and Medium Enterprises (SMEs) also buy commodities from regional and local suppliers (Jeble et al.). Consequently, a dollar spent in a domestic company leads to a flow of economic profits through the community. Furthermore, a community that loses its domestic enterprises to state chains risks losing its economic growth prospects. New technologies have enabled many organizations to function online in every region. When the chain companies deliberate on geographical options, towns with vibrant trade centers and distinct characteristics are usually considered.

Therefore, the national and state governments can support the growth of the local economies by implementing policies that will see the setting aside of support funds, such as grants and loans to support the businesses. Furthermore, the local media stations should offer marketing opportunities to the domestic stores to boost their market advantage over the chain stores. The approach will influence the attraction of new consumers while maintaining loyal customers (Jeble et al.). The local suppliers can further aid in developing the local stores by ensuring they support the businesses through timely delivery of materials. Local administration should implement laws and trade policies such as tax incentives that will see the chain companies taxed higher than the independent industries.

Promoting the adoption of technological innovations amongst the local businesses will further boost their market share, especially by attracting new-age shoppers. The new generation of consumers is often characterized by online shopping. Therefore, investing in e-commerce will significantly boost the increased market presence of chain stores. Similarly, the introduction of trade regulations such as tariffs to block the entry of chain stores into the local economies will also boost the growth of local stores (Jeble et al.). The tariffs should, however, be lifted on chain stores that aim to conduct business with the local stores with the objective that each partner shares the profits family. Finally, the local consumers should be encouraged to support the local businesses by inspiring the culture of communism. The local economy should therefore be sustained by protecting the independent enterprises to boost economic growth through job opportunities.

From an economic viewpoint, it is evident that the chain stores are not the community’s best value. However, they are more substantial than most of the economic deliberations, which are the qualitative benefits of domestic ownership. Independent businesses create strong communities since they offer a foundation for the channel of connections and trust that scholars like Jane Jacobs believed were vital for the growth of a healthy neighborhood (Akkermans and Van Wassenhove). There are numerous reasons for the conclusion on the contribution of the local companies to the community. First, independent enterprises tend to be situated in humanly-scaled, pedestrian-leaning trade districts, contrasting to the expansive, isolated incidences of the national chain parking area. Second, domestic stores develop a sense of residence and community individuality. They give localities their uniqueness and are often an origin of the neighborhood’s pride and an attraction to tourists.

On the contrary, the chain stores are sapping the neighborhood of their uniqueness and individuality. Even the most iconic American cities such as Manhattan are losing their distinctive characteristics due to the construction of national chains. Home Depot and Costco are some of the chain retailers that are currently operating in the market (Akkermans and Van Wassenhove). The entrance of the national companies will further entail the destruction of important domestic marketplaces. For instance, the Friends Meetinghouse in Richmond, Indiana, was demolished for a CVS medicine store. Similarly, in Nashville, the Jacksonian Apartments, which were eligible for the State Register of Historic Locations, were also demolished to accommodate a Walgreen drugstore.

Third, independent companies reinforce communities through their contributions to civic and cultural life. The local retailers are more than sellers of commodities and services since they regularly rise to leadership roles in community activities. Most of them chair neighborhood firms, and organize cultural occasions and festivals. According to the American Small Businesses Management, SMEs offer more time and funds to charity organizations than chain stores (Akkermans and Van Wassenhove). The initiative is instigated by the traders living in the localities where they conduct business. Thus they tend to become committed to the neighborhood’s welfare and long-lasting sustainability. The commitment is often evident in various ways. For instance, in St. Paul, Minnesota, the domestic food company had been non-operational for a significant period (Akkermans and Van Wassenhove). However, numerous independent stores comprising book-selling merchants offered sizable and required loans to rekindle the business.

Finally, the shift from independent to absentee-owned stores means that trade decisions are no longer made by the local members of the community. The chain stores usually decide the fate of closing a store in a distressed neighborhood, stock a controversial book, selling products from the domestic farms, and paying a living salary (Akkermans and Van Wassenhove). Such loss of decision-making and the growing number of large companies has influenced the lack of democracy in such markets. However, the absence of decision-making privileges can be mitigated by encouraging the establishment of unions. The unions will enable the Small and Medium Enterprises to voice their opinions on the market prices, tax incentives, and employee wages. The approach will boost the presence of independent businesses by presenting a fair environment for competition. Moreover, the implementation of community business support groups with the aim to offer financial support to local communities and entrepreneurs will develop a communal business culture in the neighborhoods (Akkermans and Van Wassenhove). The community, therefore, plays a vital role in the success of independent enterprises. The support of such institutions will present opportunities for the growth of communities and the general economy of a nation.

Small and medium enterprises play a significant role in the growth of the local and national economies. However, the growth of chain stores has significantly impacted their operations, leading to the loss of customers, and adverse impacts on local economies and communities. The national and local administrations should support independent businesses by offering financial support through loans, restructured tax policies, and tariffs. They can also encourage regional business competition by ensuring local stores in towns compete regionally with other stores. Consequently, there will be a fair environment for the businesses to operate. Therefore, independent businesses are a significant part of the business industry and the economy and should be supported to boost their growth and development of, a competitive edge over the chain stores.

Akkermans, Henk, and Luk N. Van Wassenhove. “Supply Chain Tsunamis: Research on Low-Probability, High-Impact Disruptions.” Journal of Supply Chain Management , vol. 54, no. 1, Wiley Online Library, 2018, pp. 64–76.

Boone, Tonya, et al. “Forecasting Sales in the Supply Chain: Consumer Analytics in the Big Data Era.” International Journal of Forecasting , vol. 35, no. 1, Elsevier, 2019, pp. 170–180. Web.

Jeble, Shirish, et al. “Impact of Big Data and Predictive Analytics Capability on Supply Chain Sustainability.” The International Journal of Logistics Management , Emerald Publishing Limited, 2018, 29(2), 513-538.

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Benefits Of Helping Small Businesses Essay

Essay about small business dissertation.

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Benefits Of A Small Business Essay

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After the creation of a business plan, the next step to operating a business is the selection of an appropriate business structure. Different legal forms of business ownerships affect different managerial and financial factors from the business names to the tax obligations (Gregory, n.d.). The most common forms are sole proprietorship, partnership, cooperatives, and corporations. There are different types of corporations in the business world, but the two most general corporation types are S Corporation and Limited Liability Company (LLC) (Ferrell et al., 2013). The sole proprietorship is the easiest and most basic form of business ownership. It is owned and run by one individual, which is the proprietor. The individual is entitled to all profits and is responsible for all the business’s

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What Are Thesis & Forecasting Statements?

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What is the difference between business communication & an expository essay, what does writing paragraphs in business format mean.

While small business owners prefer to continue researching and developing new products for the market, they might need private or public funding to do so. Bankers and other investors may not have the scientific or technical expertise to understand the intricacies of your company’s products, and they might be reluctant to loan money on a project they do not understand. Solve this problem by writing a thesis. The thesis and forecasting statements are your chance to pique investors' interest in your research.

Because you have not yet developed the product for which you need funding, your belief in the outcome of the research is a claim rather than a fact. A thesis is a type of essay that provides the reasoning to support your claim. The supporting evidence must be factual or solid reasoning, never an opinion. The essay covers the significance of the research, with each important point in its own section. While a short thesis may have only one introductory paragraph, a long thesis may have several.

Thesis Statement

The thesis statement has a subject, main idea and supporting evidence. If your business is developing a new product, the subject is that particular product. The main idea explains the intended effect the product will have. For example, your business wants to develop an all-in-one gardening implement. A thesis statement might be: “The all-in-one gardening tool is beneficial to gardeners, as it provides the convenience of doing multiple gardening chores with one tool, resulting in a lower monetary outlay.” The subject is the all-in-one tool, and the main idea is gardeners hoeing, weeding, seeding and pruning. The supporting evidence is the convenience of using only one tool and a lower monetary outlay. The thesis statement is generally placed at the end of the first paragraph, although you can put it as far down as the second paragraph, if necessary.

Forecasting Statement

A forecasting statement introduces the reader to the points in your thesis, reducing each point to one or two words. It mentions these points in the same order as the essay, similar to an outline. The forecasting statement does not include every idea presented in the thesis. Choose the major ones that will help your company obtain the needed funding or other assistance, and list these as part of the forecasting statement. When writing the essay, place the forecasting statement at the end of the introduction. It helps the reader to transition naturally from the introduction to the first major point.

Other Uses for a Thesis

Businesses write theses for reasons other than obtaining funding. Department heads prepare them for senior management to get approval for procedural changes that would improve efficiency, increase production or cut costs. Most project proposals begin with an internal thesis that touts the potential financial benefits to the corporation.

Diane Perez is a writer who contributes to various websites, specializing in gardening and business topics, and creates sales copy for private clients. Perez holds a Bachelor of Science in education from the University of Miami.

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Management Writing Solutions

Thesis Statement Examples: Learn the Nitty-Gritty of Composition

Developing an impressive thesis is a good time-consuming work that may restrict you from living an emancipated life. Your argument, being the spine of your paper, must be realistic, logical, and should justify the assignment title. “Connecting” is the term, an expert always suggests for your central argument. Well, there’re more hidden facts in this discussion, and this blog will guide you through the beats of a solid thesis.

Definition with thesis statement example

Thesis statement or you may call it a research proposal, is a simple sentence that articulates the main idea of your paper. It summarizes the cornerstone of your research and clearly, defines your position on it. Some students’ often miss out with this statement, unaware of its significance; don’t be a part of that crowd! Here are the purposes it serves –

Thesis statement example

Topic: Digital marketing increases the online visibility of a business

Thesis: This paper discusses the significance of online marketing and how the strategies help small businesses to flourish in the digital media and make money from e-commerce platforms.

Thesis statement example shows its position

Summarizing five or more pages of the document in a single sentence seems to be an impossible task. That is why quite a number of students back out from developing one. Well, there’s a trick to it, which solves the problem in a moment. So, what is that?

A matter of fact is that the thesis statement needs not to be written first. You should smoothly introduce the paper in a broader aspect, defining and declaring the backdrop of your study. Subsequently, appears some hints on investigation techniques and direction of research, followed by the thesis statement. Typically, it is the last segment of the opening passage, after which a writer swiftly steps into the main discussion.

Classifications of a thesis statement with an example

Generally, a research paper thesis statement can be classified into two distinct categories – informative and argumentative. Depending on your topic, decide the type of your thesis.

I. Informative thesis statement

If your research paper deals with a lot of data and statistics, then your thesis must be an informative one. It should embrace the most significant data or the gen, on which your paper will be focusing. Create a logical argument that gives a realistic impression to the audience. Data that you input in the thesis should be relevant and vindicated with proper citation . Here’s an example to clear your concept.

Topic: McDonald’s brand value retains its customer base – case study

Thesis: Since the foundation of McDonald in 1940, the company developed an enduring brand value that has never seen a backdrop. This case study has been conducted to identify its American Customer Satisfaction Index for the period 2000-2018 and the role of its brand name in returning consumers.

II. Argumentative thesis statement

Quite a good number of research papers require a persuasive thesis, commonly referred to as argumentative thesis statement. These types of proposals hold a rational thought, on which you will proceed to convince the readers. You must keep the reasoning unbiased and persuasive otherwise, the game is over for you then and there. If you are portraying your opinion in the statement, always, maintain a certain level of transparency with your suspected readers. Check the example for better understanding.

Topic: Strategic management is the cornerstone of a long-running business

Thesis: This paper proves that a business lasts the longest if it has a strategic management policy, developed by a team of expert business planners. It also extends a leg to highlight how strategies support handsome revenue.

Writing Tips: How to build a strong thesis statement?

A thesis is the backbone of your paper and the rest follows, based on it. The statement must be strong and rational, so that, it seems impressive to the readers. Normally, audiences put the first glance on a research proposal and try to judge the paper content. Being a writer, if you cannot hold their thought, there, the subsequent passages won’t strike them.

Typically, a professor never asks to write a thesis statement, but, you must know that a paper is incomplete without a valid proposal. Here are some writing tips that will help in forming a decent one.

1. Build the statement in a way it seems you are answering a question. Your response should be transparent and succinct, offering a clear overview to the readers.

Thesis Statement Example #1

Topic: Hypothetically, consider that your question is – “Does a business plan add value to the company?” Then, formulate the thesis as follows.

Thesis Statement: Business plan, before investment, increases a company’s growth and strengthens its profit margin, ensuring project success at the end.

2. A good thesis statement should never use words like “might”, “may”, “can”, “could”, etc. It will raise uncertainty in reader’s mind, provoking them to leave the paper. A proper research proposal should look like the below-cited example.

Thesis Statement Example #2

Topic: Consider the topic as “Economic growth is important for a company’s future”, and the respective thesis statement must be like this –

Thesis Statement: This case study shows that a company’ performance graph must see a constant rise and it should ascertain its economic growth, in order to avoid bankruptcy or failure.

3. Your thesis statement must be highly specific and it should be devoid of cryptic and unspecific terms like “wrong”, “nice”, “good”, etc. Include vocabularies that are common to the general demographic.

Thesis Statement Example #3

Topic: If your topic is “Internal environment of a company is largely responsible for its performance growth”, then define the thesis as below –

Thesis Statement: This research has been conducted inside a renowned company to understand the significance of employee-employer relationship and how it encourages every staff to perform their level best.

4. A valid thesis statement must include two factors that are extremely essential to reach the point of validation. Check the factors below –

If you upright these instructions in your thesis statement and check the cited examples, before forming yours, there’s no way it can go wrong. Sometimes, time management becomes a great concern and you may need the assistance of a professional research paper writer . Management Writing Solutions happens to be the foremost choice to but essay online for its efficient team of writers and proofreaders.

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