...pithy saying, "Vision without action is merely a dream. Action without vision just passes the time. Vision with action can change the world!" distinguishes an entrepreneur from others. An entrepreneur acts to bring visions to reality. I have longed to be one and have learnt from my reading that modern entrepreneurs have all worked to use technology for the betterment of our lives. Therefore, I decided long ago to study engineering and did not miss any opportunities to learn how the machines in our everyday life worked. In my school days, I used to listen to audio cassettes on a tape recorder. When I learnt the difference between mono and stereo recording, I thought of converting two mono recorded audio cassettes into a single stereo cassette, recorded in mono mode using the cassette's LEFT and RIGHT channels as a separate channels, to be heard in sequence, not together. To my delight, the idea worked and resulted in compacting two cassettes into a single mono cassette. With good scores in the science subjects, I could choose the engineering stream to take up for Bachelors. I chose Electronics & Telecommunication, because of its wide, interdisciplinary span and the ever increasing use of electronics in every branch of modern science, from Astrophysics to Medicine. It is a field rich with opportunities for an entrepreneur. The curriculum of University of Pune introduced me to the basics of several subjects, such as Digital Signal Processing, Integrated Circuit Application, Computer...
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...Legal Forms of Business Amber Jackson MSAO1828E8 June 10, 2013 Norma Sutton Legal Forms of Business Sole proprietorship - A sole proprietorship is the first step for many businesses. It is not a business entity per se because there is no legal setup involved. Usually these types of businesses have one owner, although in some cases, spouses may own jointly a business. In a sole proprietorship, the owner is responsible for liabilities. There is no distinction between the personal assets of the owner and the business. A sole proprietor does not have to file any special forms at tax time because income is reportable on the individual's personal tax return. (Chron.com, 2013) Scenario: Bobby Mack’s opened a small restaurant to serve popular barbecue food. He is well known for his famous barbecue. Mack named is restaurant “Mack’s BBQ.” Operating this type of business does not mean that it have to do alone. After getting all the items to start his business Bobby hired a few employees to help run the business smoother. Despite the fact his business is not technically a business entity, he can hire however many employees he need. Justification: Bobby Mack chose this form of business because of the simplicity to get it started. It is an unincorporated business owned only by him. The business created itself when he started cooking for events and charities. The advantage of a sole proprietorship is...
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...CONSULTING FAQ ▪ Objective This is a BITS2BSCHOOL initiative to form a ‘Frequently Asked Questionnaire’ on Management Consulting for the aspiring consultants on this e-group. This FAQ has been compiled from answers provided by a panel of Consultant BITSians, to consulting relating questions posed by this group. ▪ FAQ Structure The questions have been classified into the following sections: B Schools and Academic background (pre and during MBA) Professional work experience (pre MBA) and expectations Post MBA Consulting experience Interpersonal Skills and Networking FAQ B SCHOOLS AND ACADEMIC BACKGROUND (PRE AND DURING MBA) Q1. When evaluating MBA programs, what are the key characteristics to consider for an aspiring consultant? In other words, what are the different parameters based on which, one can shortlist & differentiate universities for a consulting major. While Consulting companies recruit heavily from a core set of schools (typically 5 or 6 top schools), almost all Consulting firms recruit from most of the top 10 or top 15 schools. When evaluating an MBA program, it is important to consider the location, interest in living there and how good the program is. One can gather this information by networking with alumni and current students. While targeting a school with consulting in mind is one way to go, it is essential to keep an open mind. Most students figure out their interests and career paths while at school and not before. As...
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...Business Research Business Research with Bitcoin In this paper I want to talk about Business research and how it applies to my area of business Crytocurrency, more specifically Bitcoin. So what is Business Research? The book says it is a systematic inquiry that provides information to guide managerial decisions. Or a process of planning, acquiring, analyzing, and disseminating relevant data, information, and insights to the decision makers in the ways that mobilize the organization to take appropriate actions, that maximize performance. The way that my business uses research currently is to find new technologies that are better than the current, new announcements for Bitcoin such as features, competition, or issues (Cooper & Schindler, 2011). A good example of how research can save my business is in early 2014 the price of Bitcoin went from $1200 to around 650 in one day. If I had not sold at the start of the dump at 1150 the day before, we would have lost half of our equity in one day. However due to research that my company had done, we saw the day before that a Japanese Bitcoin exchange MT GOX had been hacked, and around 1 million Bitcoin was stolen. Considering that there are only 21 million Bitcoins that can ever be in existence, which was a huge hit at almost 5% of the total. To understand how and why we do research thee way we do, you have to understand our product. So what is Bitcoin? Bitcoin has occupied front pages and preoccupied media for many weeks now...
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...| 2012 | | [How To DO A BUSINESS ONLINE] | This article is aimed at budding entrepreneurs who may wish to get involved with starting an online business. It intention is to note important aspects of any successful online business and to help you understand them so you can implement them into your online business model. | GROUP MEMBERS: TABLE OF CONTENTS Introduction http://tutor2u.net/ebusiness/ebusiness-marketing-promotion-introduction.html The millionaire mindset is often hard to pick up on normal people from normal backgrounds going on to be huge successes. What makes them different from those that don't make the cut or achieve their goals, hopes and dreams for the future? Observe carefully and the answers become clear, what's more, without increasing your skill at a particular task you can gain far better results than the norm, just by changing the way u do them. Let's explore the millionaire mindset of the online marketer specifically over a number of topics, and look at exactly how this affects you and the way you're doing business in a most positive way. Understanding Opportunity Let me start off by saying that this is report is totally unplanned, it's coming straight from inside my head, and for good reason. My aim here is to let you know a little bit about my personal thoughts relating to opportunity, how I know that this is fact, how it presents itself to you, how to spot it, and most importantly, how it relates to online marketing and...
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...Employee Empowerment Policies and Procedures Paulina Hinesley Sandeep Malhi Tamera McInnis Tiffany Neal Webster University HRDV 5630 June 19, 2012 Employee Empowerment Policies and Procedures Organizations that recognize the value and importance of their employees’ ideas are always more sucessful. They understand that the heart of every business is within its workforce and without it there’s nothing. The individual is one of the most critical celements in any large-scale organizational change (Brown, 2011). Employee empowerment is a vital tool in shaping the personal and collective goals of an organization. Positive change is inevitable once a corporation posesses a confident, proactive and self-sufficient workforce. A growing number of today’s companies are not only concerened but are doing something about the way they manage their employees (Brown, 2011). They’re initiating the necessary steps toward creating employee pride, responsibility, and empowermnet. It’s also becoming a corporate priority to invest in the developement and enhancement of workforce knowledge, perforamce, and well being. Policies and Procedures Open Door Policy. This communication method is used to promote a sense of openness and trust amongst management and its workforce. It allows employees to feel comfortable addressing questions and concerns, to any level of management, without the fear of repercussions. Companies that practice this policy have happier, self-managed...
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...Types of Legal Ownership Amanada Moore June 8, 2016 Introduction to Business in a Technology World Heather Montgomery Argosy University Types of Legal Ownership Ownership Structures | Sole Proprietor | General Partnership | Limited Liability Company (LLC) | Corporation | Number of Owners | One | Two or more | One or more | Multiple | Formation Difficulty | Low | Low | Medium | Medium/High | Liability | Sole proprietor has unlimited liability. | Partners have unlimited liability. | Members aren’t typically liable for the debts of the LLC. | Officers/shareholders are not typically responsible for the debts of the corporation. | Operational Requirements | Relatively few legal requirements. | There are relatively few legal requirements. | Some formal requirements, but less formal than corporations. | Formal board of directors, annual meetings, and annual reporting required. | Management | Sole proprietor has full control of management and operations. | Typically each partner has an equal voice unless otherwise arranged. | Members have an operating agreement that outlines management. | Managed by the directors, who are elected by the shareholders. | Federal Taxation | Not a taxable entity. The sole proprietor pays all taxes. | It is not a taxable entity. Each partner pays tax on his/her share of income and can deduct losses against other sources of income. | Depending on structure, there is no tax at the entity level. Income/loss is passed through to members...
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...Follow BI HOME Latest Tech Enterprise Science Finance Markets Your Money Wealth Advisor Politics Military & Defense Law & Order Strategy Careers Advertising Retail Small Business Life Education Transportation Entertainment Sports SPONSORED SECTIONS Above And Beyond The Anywhere Workplace The BI Interview The Fast Track Q&A Life Plan Out Of Office Tech 360 Think Global Tours Of Duty MORE Newsletters Companies Authors Categories ABOUT BI Careers at BI Masthead Contact Contributors FAQ Legal Fine Print Send Feedback View Full Site Copyright © 2014 Business Insider, Inc. All rights reserved. VIEW Business Insider What you need to know. On your iPhone. FREE - On the App Store. Search Business Insider Search The Illustrated Guide To A Ph.D. Matt Might, Matt.Might.Net Mar. 16, 2012, 2:43 PM 840,451 31 Every fall, I explain to a fresh batch of Ph.D. students what a Ph.D. is. It's hard to describe it in words. So, I use pictures. Read below for the illustrated guide to a Ph.D. Imagine a circle that contains all of human knowledge: By the time you finish elementary school, you know a little: By the time you finish high school, you know a bit more: With a bachelor's degree, you gain a specialty: A master's degree deepens that specialty: Reading research papers takes you to the edge of human knowledge: Once you're at the boundary, you focus: You push at the boundary for a few years: Until one day, the boundary gives way: And, that dent you've made is called a Ph.D.:...
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...Abstrak. Introduction – Air Asia Berhad Pengenalan - Air Asia Berhad Air Asia is a Malaysia Low Cost Carrier Airline Company which was founded in 2001 by Tony Fernandes. Air Asia adalah Kos Carrier Rendah Malaysia Airline Syarikat yang diasaskan pada tahun 2001 oleh Tony Fernandes. It was the first successful and is one of the largest low cost airlines in Southeast Asia. Ia adalah yang pertama berjaya dan merupakan salah satu daripada kos terbesar syarikat penerbangan rendah di Asia Tenggara. Also, it has become Malaysia first international low cost carrier. Selain itu, ia telah menjadi Malaysia antarabangsa pertama penerbangan tambang rendah. Air Asia Company's simple philosophy 'Now Everyone Can Fly' has successfully positioned itself in customers' mind where majority of the customer would choose Air Asia as their choice of transport. Semua falsafah mudah Air Asia Syarikat 'Sekarang Boleh Terbang' telah berjaya meletakkan dirinya dalam minda pelanggan di mana majoriti pelanggan akan memilih Air Asia sebagai pilihan mereka pengangkutan. In add, Air Asia succeed through the company's effective and efficient operational. Di tambah, Air Asia berjaya melalui operasi yang berkesan dan cekap syarikat. The company provides a totally different type of service in line with the nation's goal which is to benefit all people and worldwide travellers. Syarikat menyediakan jenis yang sama sekali berbeza perkhidmatan selaras dengan matlamat negara yang memberi manfaat kepada semua rakyat...
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...Forensic Accountant, an IRS Agent, an International Accountant, a comptroller (or controller), or even a Chief Financial Officer (CFO). This is just a few careers in accounting. Accounting also offers all levels of positions from entry level to senior level. One can also be an entrepreneur in the accounting field. A Corporate Accounting Assistant handles accounts receivable and accounts payable. They help prepare financial records as well as help with payroll and the distribution of payroll. They handle company Deposits. A Corporate Accounting Assistant should have a four year bachelor’s degree in accounting or a related field. They should be good at handling pressure, organization, and math. They should be good at learning new programs, like challenges, and be good with dealing with people (Films Media Group, 2007). These are characteristics that everyone in the accounting field should posses. A Certified Public Accountant (CPA) provide a wide variety of services including accounting, tax, auditing, and consulting services to governments, corporations, non-profits, and individuals. CPAs often specialize in a specific area rather than offering services in all areas. CPAs may become entrepreneurs and own their own firms. In order to become a CPA, one must have a Bachelor’s degree, complete further coursework (around 30-40 more hours), meet the requirements for their state, and pass an exam administered by the American Institute of Certified Public Accountants (AICPA)...
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...Leadership Entrepreneurs are at the heart of the American private enterprise system. Although the US operates under a modified capitalism economic structure where the US government regulates business to a certain extent through rules, regulations and monetary policies, it lies within our basic liberty and freedom to take a good idea and turn it into a safe and legal service or product that meets the needs and wants of consumers with minimal governmental interference. Without entrepreneurs, or the restriction of entrepreneurial growth, the US would or could become a socialistic or even communistic state where its citizens would rely on the government to provide them with their basic needs, including employment. Without entrepreneurs technology advances would be stagnant. Entrepreneurs take great risks. But it’s the road that leads to the rags-to-riches dream and keeps America on top of the business world. Pioneering capitalists and entrepreneurial leaders didn’t have the advantage of being able to study business geniuses and learn their leadership styles and how they would approach methods leading to business success. They were the geniuses that paved the road for the way we do business today. Thanks to those first pioneers and others that followed through the industrial revolution and beyond, today we have many business giants we can study to get an idea what it takes to be a successful entrepreneur. In this paper I will analyze and describe two leading entrepreneurs, Victor Kiam...
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...FOR THE DEVELOPMENT OF ENTREPRENEURSHIP IN A DEPRESSED ECONOMY TABLE OF CONTENTS Title page Dedication Approval page Abstract Acknowledgment Table of contents CHAPTER ONE 0. INTRODUCTION OF “THE NEED FOR THE DEVELOPMENT OF ENTREPRENEURSHIP IN A DEPRESSED ECONOMY” 1. Background of the study 2. History background of the case study 3. Statement of the problem 4. Objective of the study 5. Significance of the study 6. Formulation of hypothesis 7. The scope of the study 8. Limitations of the study 9. Definition of terms CHAPTER TWO 1. Meaning and history of entrepreneurship development in Nigeria 2. History of entrepreneurship development in Nigeria 3. Meaning and functions of an entrepreneur 4. Functions of an entrepreneur 5. Activities of the Nigeria Association of Small-scale Industrialists (NASSI) in the development of entrepreneurship 6. Problem of NASSI in the discharge of entrepreneurship development in Enugu 7. Comments 8. Reference CHAPTER THREE 0. DATA COLLECTION AND ANALYSIS OF “THE NEED FOR THE DEVELOPMENT OF ENTREPRENEURSHIP IN A DEPRESSED ECONOMY” 1. Method of data collection 2. Population of the study 3. Sample and sample techniques 4. Research instruments 5. Method of data analysis CHAPTER FOUR 0. DATA PRESENTATION AND ANALYSIS OF “THE NEED FOR THE DEVELOPMENT OF ENTREPRENEURSHIP IN A DEPRESSED ECONOMY” 1. Test of hypothesis CHAPTER FIVE 0. DISCUSSION OF FINDINGS AND RECOMMENDATION...
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...Athena Giokaris HRM587 Week 6 Communicating the Change The Target Corporation has undergone many changes due to the 2013 security breach where hackers stole personal information from credit and debit cards of at least 70 million customers. Target sales and reputation has dropped from this instance, thus eliciting changes in their security systems, changes in management, and a few policy changes in handling customer information. With the public eye on the corporation’s handling of the situation, Target has been communicating these changes through various means. The changes they needed to communicate were informing customers of the security breach, addressing the bad press coverage to shareholders, downsizing of employees, and indicating policy changes to external vendors. Target Corporation issued a statement to customers informing them of the security breach. Then CEO Gregg Steinhafel sent a letter to customers apologizing for the inconvenience, assuring that changes in security measures are a top priority to the company. It also talked about the immediate investigation into the breach and recommendations for customers to take steps in protecting their own information (Chmura, 2013). Throughout the coming months, Target Corporation provided updates into the change processes by issuing statements to the public through media outlets. The company has since created a question and answer page on their website about the data breach for everyone to have access to, and provides...
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...The online business simulaTion game ThaT makes learning fun! Player manual Contents game basics Starting a game Finding your way around 2 3 Core activities Ordering product Making sales Increasing your sales Hiring staff game score Key Indicators Game characters 4 6 Checking progress Current week Stock levels Purchase reporting systems Check effect of promotions Financial reports Customer comments options a-Z system requirements faQ: game sites 7 8 8 9 The online business simulaTion game ThaT makes learning fun! Game basics The Small Business Game is an educational game where you run your own sport franchise store (The Sports Store). Each full game starts at week 1 and moves through to week 52 when the game ends. You can leave and come back at any time – we will save the game from your last week of inputs. A game week is pretty much like any week in a retail sports store business. Each week customers come in, browse and (maybe) buy a product from you. Each week you need to make sure that you have enough stock for people to buy, manage your cash and keep you eye on what is happening. starting a game During the registration process you assigned a team. This selection will set up the branding to be used in the game. Once you have been registered for the game, to get started, follow these steps. Click, ‘play now’ from any screen in the web site. To start a new game, click on the ‘new game’ button. To restart...
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...Abstract This paper explains and analyzes the export system that would be used in business operations. The literature reviewed provides support for this type of export system. Included you will find evidence that this type of export system would be best for business and make the most amount of revenue. Table of Contents Title Page ………………………………………………………………………………… 1 Abstract …………………………………………………………………………………... 2 Table of Contents ……………………………………………………………………….... 3 Business Export ……………………………………………………………………….….. 4 Situational Analysis ………………………………………………………………………. 4 Trade History ……………………………………………………………………………... 5 Culture ……………………………………………………………………………………. 5 Politics …………………………………………………………………………………….. 6 Export Plan …………………………………………………………………………………. 7 Economic Development …………………………………………………………………….. 7 Summary ……………………………………………………………………………………. 8 Citation Page ………………………………………………………………………………… 9 Business Export This business will be exporting only. It will be exporting car parts to Europe, more specifically, to Germany. Germany’s main imports are fuels and vehicle parts (Simoes, 2015). Since one of their main exports is cars, and their parts, it would be just as easy to for us to send parts because they like to buy foreign cars also, along with the fact that Chevrolet is known as Opal over in Europe, and their parts intermix. Situational Analysis The product that will be exported is vehicle parts. From spending over ten years in Germany, it is...
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