2. Entreprenueur is someone to manages and creates their own enterprise. Entreprenuership is the act of starting ones own enterprise.
3.Being the boss, doing what you enjoy, having the opportunity to be creative, building an enterprise, having complete control over what happens to your company.
4. Getting funds to start the business, being fully responsible for the business, feeling alone, being insecure about the choices you have to make.
5. More than 99 percent of U.S. firms are small businesses. Small businesses employ more than 50 percent of the U.S. workforce, therefore america is dependent on them. They also generate a lot of americas income.
6.The first thing you need to do is create a business plan.
7. The parts of a business plan include The executive summary, the management team plan, the company description, the product and service plan, vision and mission statements, industry overview, market analysis, competitive analysis, marketing plan, operational plan, organizational plan, financial plan, growth plan, contingency plan, cover page, title page, table of contents, and supporting documents.
8. There is no income coming in for the person who started it, also internet businesses are easy to set up , and people do so without making a business plan.
9. Yes, they are the ones in charge of the entire business and for the important business decisions therefore they should be self-directed and take charge because nobody else is going to tell them what to do.
10. They are responsible and in charge of everything, and if something happens they are responsible and looked down apon, even if its not their fault. They want to make sure everything is perfect, not just get their job done, so thats why they put more time in.
11. They need to know how much money they have, or in some cases dont have so that when they need it they have it.
12. They can learn from past peoples mistakes. They want to do everything they can in their power to make sure their business is successful, therefore knowing what didnt work for other people is alot of help.
13. Small businesses dont have alot of room for change. they dont have the resources or sometimes money to completely change a product because of increased want or a trend. Thats why they sometimes fail. They need to make good decisions in products and consider the future.
14. Being self disicplined means knowing when you have to buckle down and work, and being self-motivated is wanted to get things done.
15. I think i possess a majority of these traits. I have good self-confidence, im very creative and independent, im enthusiastic, goal oriented, and responsible. I think having these traits is partly because of the way i was raised, and i think i was also born with these characteristics.
21. I think encouraging customers to buy a more expensive lawn mower will only help you , because youll get more profit. Giving them rainchecks could be misleading and could possibly turn out bad.
23. It will go up by 12% and raise by 3 trillion dollars.
25. .6 million... 15.5% = 3870 dollars.
19. Small Business Statistics
Small businesses make up a lot of our employment and income in todays world. We rely on small business owners for employment. Small business in economics is super important because they create opportunities and money for Americans.
Tuesday, October 12, 2010
Friday, October 1, 2010
Write About It (14-19)
14.) I think this might be true because if everyone had a job, the prices of everything would go up. Everyone would have some sort of income, which means they'd have money to spend. Many things would increase and price, and people would be spending more money. I think some of the reason things are the prices they are today is because companies know that people cant afford everything, some people dont have money. If everyone had a steady income, they would want more for their product knowing they could get it.
15.) I think that foreign bonds are a good thing. I admit it puts our country in a somewhat vulnerable and dangerous situation, yet they have what we need and we are making friends. America is one of the worst economies, and other countries know that we need alot of help in the present day. Were also making allies while were at it.
16.) Understanding the unemployement rate can be very beneficial to me as im looking for a job. I believe that knowing where to look for a job, what industries are expanding, and what careers there are no jobs for would be really helpful. It almost gives me guide lines of what to do , and what not to do while searching my job, which could help alot!
17.) If the current inflation rate is 3%, I need to account for the future and save some money up because things are going to become more expensive and I realize that there only going to keep increasing because of the economy. I would pick a trust worthy bank with a low interest rate just so i can keep as muh money as i possibly can.
18.) Pros: Your your own boss, i pick the hours, i pick the wages, i hire the employees, i pick the quality of products, i pick what products, i run the business how i beleive it should be ran. Cons: its a lot of work, you are on your own, your in charge incase your business isnt doing well, you suffer the most if it isnt making a profit, your responsible for everything.
19.) I would make sure not to make the same mistakes the two firms did, and make sure i did everything possible not to go down the road those two firms did. I would try to change my products, make them more affordable, better quality, do whatever i could just to make sure I was still making a profit. I would maybe if i could offer more jobs too.
15.) I think that foreign bonds are a good thing. I admit it puts our country in a somewhat vulnerable and dangerous situation, yet they have what we need and we are making friends. America is one of the worst economies, and other countries know that we need alot of help in the present day. Were also making allies while were at it.
16.) Understanding the unemployement rate can be very beneficial to me as im looking for a job. I believe that knowing where to look for a job, what industries are expanding, and what careers there are no jobs for would be really helpful. It almost gives me guide lines of what to do , and what not to do while searching my job, which could help alot!
17.) If the current inflation rate is 3%, I need to account for the future and save some money up because things are going to become more expensive and I realize that there only going to keep increasing because of the economy. I would pick a trust worthy bank with a low interest rate just so i can keep as muh money as i possibly can.
18.) Pros: Your your own boss, i pick the hours, i pick the wages, i hire the employees, i pick the quality of products, i pick what products, i run the business how i beleive it should be ran. Cons: its a lot of work, you are on your own, your in charge incase your business isnt doing well, you suffer the most if it isnt making a profit, your responsible for everything.
19.) I would make sure not to make the same mistakes the two firms did, and make sure i did everything possible not to go down the road those two firms did. I would try to change my products, make them more affordable, better quality, do whatever i could just to make sure I was still making a profit. I would maybe if i could offer more jobs too.
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