...There are many issues facing small businesses today, a few to focus on are, Health care reform, and what it means to a small business owner, what changes will be made to make Health care reform work for employers as well as employee. The next issue is The Unemployment rate, and how job cuts affect businesses, employees and the economy. With the new Health Care reform in place, many changes need to be made in the economy, in personal life, and in the Business world. These new changes bring new problems for some. Health care reform and unemployment are not the only issues small businesses are facing. People who have no health care coverage are burdened with the worries of having a health issue and having to miss work and or pay for going to a clinic or hospital, therefore there are more people willing to go to work when they are not well, and bringing on more issues. Issues such as fatigue and possible spread of infection This year there are 150 million employer insured people with health coverage, 50 million uninsured, 40 million on Medicaid, 27 million with none group insurance. It is estimated that in the year 2019 there will be 159 million employers insured people with health care coverage, 22 million uninsured, 51 million on Medicaid and 25 million with non group coverage and 24 million exchanges. Americans from the ages of 19-29 have no health care coverage. “Small business owners, on the positive side, beginning this year, will be eligible for a tax credit to help...
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...THE EFFECT OF HAWKERS ON THE PERFORMANCE OF SMALL CLOTHING BUSINESSES IN NGARA Ngare Melissa wangari 637249 Mutongu Lydia wanjiku 637888 Owuor Mark Kingsley 636340 Presented to: G. Nduati A research proposal submitted as partial fulfillment of the requirement for International Business Administration degree. United States International University Fall Semester 2014 Table of Contents ABSTRACT 4 CHAPTER 1 5 1.0 INTRODUCTION 5 1.1 Background of study 5 Small Businesses in Ngara – Nairobi Kenya 6 1.2 Problem statement 7 1.3 General objective 8 1.4 Specific objectives 8 1.5 Research justification 8 1.5.1 The researcher 8 1.5.2 The small businesses 8 1.5.3 The hawkers 8 1.5.4 The government 9 1.6 RESEARCH SCOPE 9 1.7 Chapter Summery 10 CHAPTER 2 11 2.1 Introductions 11 2.2 Extent to which the prevalence of hawkers affect the growth of small clothing business along Ngara road 11 2.3 Effects of hawkers on sales strategies of small clothing businesses along Ngara 13 2.4 Extent to which the presence of hawkers affects the pricing strategy of small clothing business in Ngara 15 CHAPTER THREE 17 3.0 RESEARCH METHODOLOGY 17 3.1 Introduction 17 3.2 Research design 17 3.3 Population and sampling design 17 3.3.1 Population 17 3.3.2 Sampling Design 17 3.3.2.1 Sampling Frame 17 3.3.2.2 Sampling technique 18 3.4 Data Collection 18 3.5 Research Procedure 18 3.6 Data Analysis 18 3.7 Chapter Summary 19 Research questionnaire 20 Interview statements 21 REFERENCES...
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...efficiency enhancements that result, claiming that “in a free market, large suppliers of nearly everything will drive most small suppliers out of business.” Wal-Mart watch, one of the largest Anti-Wal-Mart organizations, features an academic article claiming that in Iowa, Wal-Mart’s expansion has been responsible for widespread closings of ‘mom and pop’ stores, including 555 grocery stores, 298 hardware stores, 293 building suppliers,161 variety shops, 158 women’s stores, and 116 pharmacies. Perhaps because of its size and success, unlike most other firms, Wal-Mart’s ability to open new stores is decided within the political process. State and local economic development authorities, and state courts, in most cases make the final decisions on whether to allow the entry of a specific new Wal-Mart store. These decisions are often influenced by arguments about the harm done to small businesses. For example, in her comments to a local reporter surrounding the city commission’s vote on allowing a new Wal-Mart store, Aberdeen, South Dakota city commissioner Pat Klabo stated “If this were a moral decision, we would have voted right away in favor of the ‘mom and pop’ stores.” Even President Clinton's former Secretary of Labor, Robert B. Reich, writes in the New York Times that Wal-Mart will turn “main streets into ghost towns by sucking business away from small retailers. These previous estimates of the negative impact of Wal-Mart on other businesses, such as the numbers cited...
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...opportunities for small businesses, including the role of the Small Business Administration (SBA). Then, evaluate the effectiveness of these funding opportunities in light of the current economy. • In this time of economic challenges, suggest two ways that the SBA might be of assistance to your small business. Explain how you would request this assistance. Small businesses have two major options for funding; a bank loan or pursue the Small Business Administration (SBA). A bank loan is standard, acceptance is granted based on a business plan, credit score, collateral and likeliness of success. The same process can be accomplished through the SBA but grants are also available. A grant would be the best option for the start of a small business because these monies do not have to be paid back where as payment of a loan is definite as well as interest. Even if a small business were given a grant in addition to a loan it would only benefit. The SBA would be helpful in today’s economy because they provide information of how to start a business and how to create a business plan. Also, information on government contracts, how laws could effect your business and taxes is available for anyone wanting to start a small business. • Compare and contrast three different types of entrepreneurs and state which you are most likely to emulate should you begin a small business. • Assess the impact of globalization and information technology on the creation of small businesses...
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...BI-WEEKLY ASSESSMENT Question 2: "The study of international business is fine if you are going to work in a large multinational enterprise, but it has no relevance for individuals who are going to work in small firms." Evaluate this statement. Introduction With the evolution of society, the phenomenon of globalization has gradually emerged in the field of economy, environment and culture. As a part of economy globalization, close economic connection between countries is bridged by means of international business. In terms of the study of international business, some people assess that it is solely positive for those who intend to work in a large multinational corporation instead of in small company whereas others insist that both international business plays a crucial role in the development of large-scale and small-scale enterprises. Therefore, this essay will argue that international business brings about benefits to individuals whoever are engaged in the big firm as well small one. Development In some circumstances, the size of the company has turned to be one of the obstacles when international business is expected to establish. According to Aaby and Slater (cited in Abdul-Talib et al. 2011, p. 6), small enterprises are more likely to lose international collaboration opportunities than large firms as there are insufficient resources and capabilities to develop export internationally in small-scale company. Similarly, it is shown that the organization would prefer to...
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...“A Study of Small Business Failure” Presented To: Dr. Roosevelt Ratliff, Jr. Action Research Facilitator By Shanika Williams ORGANIZATIONAL MANAGEMENT Cohort #34 In Partial Fulfillment of the Requirements For the Degree of Bachelor of Science TABLE OF CONTENTS I. INTRODUCTION…………………………………………………………………3 Description of the Problem………………………………………………………..…4 The Purpose of the Research…………………………………………………………7 The History, Setting, and Background of the Problem……………………………….8 Scope of the Research…………………………………………………………………9 Importance/Significance of the Research…………………………………………….10 Definition of Terms……………………………………………………………………12 II. REVIEW OF THE LITERATURE…………………………………………………15 III. DESIGN OF THE STUDY…………………………………………………………...26 IV. FINDINGS……………………………………………………………………………..27 V. SUMMARY OF RESULTS…………………………………………………………...33 VI. CONCLUSION AND RECOMMENDATIONS……………………………………..34 Bibliography…………………………………………………………………………….37 INTRODUCTION Why do some businesses succeed when others fail? While it may seem to be a matter of luck, in reality there are common mistakes that kill many small businesses before they ever get off the ground. When a business owner starts a new business, the last thing you want to focus on is failure. But if you address the common reasons for failure up front, you'll be much less likely to fall victim to them yourself. This is a far cry from the previous long-held belief that 50 percent of businesses fail in the first...
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...poverty. According to an article written by David Cooper, “At the current federal minimum wage of $7.25, a parent who works full time, year round, does not earn enough to be above the federal poverty line.” This means that if the minimum wage was increased, it would help so many families to escape poverty and live comfortably. Also, the average family of four with two workers being paid the minimum wage, will end up about $8,000 in debt per year (“Time For A Raise”). The minimum wage is not enough, and increasing it will ultimately lower the poverty rate. Economic activity will be boosted if the minimum wage is increased. Businesses will benefit from a raise in the minimum wage, especially small ones. “This increased purchasing power across the board helps stimulate the economy and benefits small businesses, many of which were hardest hit by the recession” (Time For A Raise). Corporations most affected by low points in the market will benefit from the extra spending money people will receive, because minimum wage workers tend to shop locally. Also, an advance in the minimum wage would cause an increase in job opportunities and raise the gross domestic product (GDP). An article written by David Cooper states, “Across the phase-in period of the increase, GDP would grow by about $22 billion, resulting in the creation of roughly 85,000 net new jobs over that period.” This means that while the base pay is slowly being increased, the GDP increases, and makes the economy better. Additionally...
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...substitution to small scale industries with immense potentials for developing domestic linkages for rapid, sustainable industrial development. Apart from their potential for ensuring a self reliant industrialization, in terms of ability to rely largely on local raw materials, small scale enterprises are also in a better position to boost employ raw materials, small and medium enterprise, are also in a better position to boost employment, guarantee a more even distribution of industrial development in the country, including the rural areas, and facilitate the growth of non-oil exports. In Nigeria, the definition of small and medium enterprises also varies from time to time and according to institutions, for instance, the Central Bank of Nigeria’s (CBN) monetary policy circular No:27 of 1988 define small scale enterprises (excluding general commerce) as enterprises in which total investment (including land and working capital) did not exceed #500,000 and or the annual turn-over did not exceed #5.0 million. Medium enterprise (excluding general commerce) as enterprises in which total investment and not exceed #1,000,0000 (1 million) and the annual turnover did not exceed #1.2 million. Small scale enterprises is one of the modern strategies underdeveloped countries are employing to break into the “league” of developed countries. Fasua (2006:85) categorized business that fall under small scale as follows firewood supply, plantain production, restaurant services, small scale poultry raising...
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...individual, central person to make all the decisions of the company and direct the company. This is more commonly used in small companies as there is a small amount of people therefore control is very easy with only 1 person. Advantages - Efficiency when making decisions Objectives are set and there is only one leader, so it is easier to decide on things. Disadvantage - Stress on the leader So many decisions coming to the leader puts a lot of stress on the leader Short Term Effects Decisions will be easy and efficient, and the company can expand fast Long Term Effects Employees might not be happy to be under control of one person, as evident in the testimonies from ex-Microsoft workers A decentralized company is a company which implements several individuals which help to make all the decisions, not just one person who does all the decisions for the company. A very good example of a company that utilizes the decentralized organizational substructure is Apple. Advantage - Broad Based Knowledge A broad base and many different groups and people make it easier to acquire different kinds of knowledge. Disadvantage - Conflicting opinions Decisions can be hard to make because of the different people making decisions. Short Term Effects There will be a lot of innovation as different kinds of ideas help provide a variety. Long Term Effects Slow decisions have a possibility of making the company slowly fall. Each type has its own advantages and disadvantages...
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...Twitter is an Excellent Marketing Tool to Promote a Small Business Twitter is an Excellent Marketing Tool to Promote a Small Business W W Good marketing can lead to a business being successful, but there will never be any guarantees that this is the case. Many new business owners are short on capital at the beginning and do not have enough financial resources to hire a marketing firm. As a result, many new business owners want to try to market the business themselves. Nowadays, businesses can go to social media such as Twitter because it is one of the best marketing tools which any owner can use to reduce cost and time in getting their business up and running. “Twitter is a social networking service; it has gained popularity because it is relatively simple to use.” It is about discovering interesting people around the world who might be interested in what the company is selling. It also builds followers who are interested in a company’s services, and then providing people with some kind of knowledge, based about the company’s news every day. People advertise recruiting services, consulting businesses, and retail stores by using Twitter. Twitter is a platform that actually works because companies can market their products and services in a fast, easy way with as little cost as possible. There is no cost to use it, and small businesses do not need to have large followers to be effective. For marketing purposes, Twitter is useful for connecting...
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...Week 2 Assignment – GM520 1) The administrative agency which I choose is the Small Business Administration (SBA). The reason why this agency and the proposed regulation interest me is because I have worked for the Social Security Corporation in the businesses development department where I worked on micro projects and small businesses. The way this regulation that has been proposed may affect me is by enhancing my experience in small businesses. 2) The proposed rule made by the Small Business Administration is on the size standards of small businesses of some 35 industries of the North American Industry Classification System, NAICS, and other services. The regulation proposes an increase in the size standard of the relevant small businesses. The regulation also proposes an eight-size-standard-level methodology. 3) In my public comment I would propose that the regulation should not be limited to the increase of size standards but it has to examine the quantity standard, which means to add more industries to be included in these small businesses. 4) The deadline for the comments on the regulation was June 15, 2011 5) (a) I could not submit my comments because the deadline was past due. (b) Although I am in favor of the proposed regulation, these are the five legal theories I could use to overturn the regulation in court: 1- Arbitrary and capricious. The agency has to show evidence that supports their proposal and they must explain this evidence...
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...form of ownership. Owning your own business can be a very rewarding and lucrative experience. This experience even though rewarding can come at a tremendous cost of personal time and personal financial investment. Enlisting the efforts and finances of a partner can aide in successfulness of the business while sharing the financial burden and the responsibilities in starting and operating the business. With the right partnership relationship the businesses owners could use the combined abilities and talents in making the business a success. The partners could support each other in the decisions and operation of the business. The decision to start a partnership is one that should be based on common interest and common among the partners. Commonalities like an excellent work ethic and clear understanding of financial discipline should be similar among all parties involved. Operating a business with a partner can also be a very negative experience. Shared decisions and shared profits and disagreements can lead to hard feelings amongst the partners. Partnerships that involve friends or family are a risk too. Friendships can be lost with hard feelings with long lasting effects that can cause families to split. Forming a partnership someone who does not share the same work ethic and financial discipline as the other will make it very difficult to succeed in business. Discuss funding options for small businesses. One of the most challenging...
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...ASSIGNMENT #1: ENTREPRENEURIAL LEADERSHIP Introduction This paper analyzes and describes the founding leaders, their leadership styles, and major business principles. It also describes founding leaders with profit orientated and social responsibility orientated approaches. Finally, it gives resources or tools available through Small Business Administration (SBA) and Service Corps of Retired Executive (SCORE) that would be most useful to the type of entrepreneurial approach identified with. Founding Leaders, Leadership Styles and Major Business Principles In the profit oriented leadership style, in which the primary goal is to provide a product or service to consumers and to make a profit, the founding leader is Adam Smith. Adam Smith is identified as the father of capitalism. His leadership style is based on the capitalist model of Laissez Faire. Laissez-Faire leadership style is a non-authoritarian leadership style. Laissez faire leaders try to give the least possible guidance to subordinates, and try to achieve control through less obvious means. Capitalism is an economic system in which the primary motive is to make a profit with little or no regards for the welfare of the population. For example Adam Smith said, “Nobody but a beggar chooses to depend chiefly upon the benevolence of his fellow-citizens. Even a beggar does not depend upon it entirely” (Smith, 2005, p.18). Adam Smith described the concept of capitalism in his book, The Wealth of Nations, published...
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...ABSTRACT Depending on how much say the owner wants to have in the decision making of the business. Business owners can keep track of changes in different ways by reading the newspaper and various business publications. This way they can keep up with changes and can adjust their businesses accordingly. Business owners who are not aware of the changes around them have less success that those who pay attention. What is the basic legal environment? What is social environment? What are the operational and financial issues? What are the potential change factors? I will explain how the different business environments work and the impact they have on society. There are many stages a business must go through to ensure success and growth. Business operates within a frame work of laws and economic forces. The basic legal environment of business is governed by state, country and international laws. It includes laws on what can or cannot be produced or sold. Consumer and employee protection laws, taxes and other financial laws. As well as many other rules and regulations with regards to business ethics. It also covers the when and how to seek legal advice in case of disputes. They are numerous legal constraints on business and the requirements and duties for a company. There are different correspondences about the international legal environment, especially the laws that affect multinational companies. These laws vary between countries, but generally...
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...1. The administrative agencies that control this regulation: The Department of Defense, the General Services Administration, and the National Aeronautics and Space Administration and subsequently, the Small Business Administration. This regulation would affect me as a small business owner because it would change the way all levels of government do business with privately -held small businesses, such as mine. 2. This is a proposal to amend the Federal Acquisition Regulation (FAR) to include government-wide, standardized past performance evaluation factors and ratings categories, and that this past performance information be entered into the Contractor Performance Assessment Reporting System (CPARS). 3. My comment: While I concur that the FAR should be amended in this way, I believe that the current proposal is too vague to be effective. Standardizations tend to group things into categories that are either “black” or “white”, causing a great injustice to those who would only fit in areas of “gray”. Therefore, I suggest a thorough investigation into the actual effects that the proposal would have on all businesses- large and small, experienced and novel, old and new, etc. I also believe this proposal should not be enacted until real evidence, showing complete equality and fairness among all businesses, is presented to and reviewed by the public. 4. This expires on November 5, 2012 5. A. Based on the Administrative Procedure Act of 1946, if I choose, I would...
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