...What constitutes a small business varies widely around the world. Small businesses are normally privately owned corporations, partnerships, or sole proprietorships. What constitutes "small" in terms of government support and tax policy varies by country and by industry, ranging from fewer than 15 employees under the Australian “Fair Work Act 2009”, 50 employees according to the definition used by the European Union, and fewer than 500 employees to qualify for many U.S. Small Business Administration programs, although in 2006 there were over 18,000 "small businesses" with over 500 employees that accounted for half of all the employees employed by all "small business". Small businesses can also be classified according to other methods such as sales, assets, or net profits. Small businesses are common in many countries, depending on the economic system in operation. Typical examples include: convenience stores, other small shops (such as a bakery or delicatessen), hairdressers, tradesmen, lawyers, accountants, restaurants, guest houses, photographers, small-scale manufacturing, and online business, such as web design and programming, etc. Characteristics of small businesses Size definitions The European Union generally defines a small business as one that has fewer than 50 employees. However, in Australia, a small business is defined by the “Fair Work Act 2009” as one with fewer than 15 employees. By comparison, a medium sized business or mid-sized business has under 500 employees...
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...# | Name | Roll # | 1 | Muhammad Moslem Uddin | 88 | 2 | Md. Rafiqul Islam | 102 | 3 | Quazi Md. Osman Gani | 148 | 4 | Md. Khdimul Islam | 162 | 5 | Md. Wasib Amin | 178 | Section: B, 18th Batch, Department of Marketing, University of Dhaka. ABSTRACT In the process of economic development Small and Medium Enterprises (SMEs) play a pivotal role in poverty alleviation and rapid industrialization of the developing countries like Bangladesh. In this paper we tried to appraise the Problems and Prospects of SMEs in Bangladesh. We observed from the research that non availability of adequate credit, complex loan granting procedure, inadequate infrastructure facilities, problems of collateral requirements, paucity of working capital, non availability of skilled work force, poor salary structure, lack of coordination among SME related organizations, lack of appropriate marketing strategies etc. are the major hindrances to the development of the SMEs in Bangladesh. In order to overcome the problems researchers have tried to provide some recommendations for the developments of SMEs in Bangladesh based on sound reasoning. Background of the Assignment Small and Medium Enterprises (SMEs) act as a vital player for the economic growth, poverty alleviation and rapid industrialization of the developing countries like Bangladesh. SMEs are significant in underlying country’s economic growth, employment generation and accelerated industrialization. Government of Bangladesh...
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...Unit 1 Assignment 1 The Johnson Company is a small business that provides networking components and services. They are in need of new methods of communication for reaching out to new customers, standing out from other businesses, meeting existing customer needs, and keeping customers informed of news and updates. The Johnson Company still uses analog phone lines and still takes customer orders by hand. Their only current method of advertising is an ad in the yellow pages. They have reached out to our IT consulting firm to help them update their current business processes and communications Setting up an intranet site is one of the best ways for small businesses to keep all their workers in the loop and communicate new information. The Johnson Company can also use Microsoft SharePoint application and services to set up internal websites designed for specific projects. Providing customers with a website capable of taking online orders while advertising online as well would give the customers ease of access and efficiency. Project managers can also use these specialized websites to share documents and information, and this can help the projects run more smoothly and effectively. Email is one of the most widely used forms of technological business communication. Instant messaging services such as Skype and Go To Meeting are very up and coming and can provide better communications even more than email. Online advertising, forums, blogs, as well as some possible radio ads may...
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...We have heard a lot from bankers, but perhaps the most revealing comment at Wednesday's business, innovation and skills select committee was made by Vince Cable on the subject of bank lending, and what would happen if the Project Merlin targets are missed. The business secretary, as expected, issued vague threats about higher taxes. But then he added: "It is hard to imagine that we could penalise individual banks." Why? The Merlin agreement set a collective target for gross business lending by the big five banks (£190bn in total and £76bn to small and medium-sized companies) but it was always possible that some would pull their weight and some would not. So surely there ought to be a way to apply a whip to the laggards. But there is not. Nor, it appears, has the government nailed down the detail of the only sanction that was trumpeted by the chancellor at the time of February's agreement – a link between executive bonuses and lending targets. Cable is only now writing to banks' remuneration committees to ask how they intend to apply the principle. Merlin, as we suspected, was a badly drafted fudge. But, if the targets are missed, get ready for a repeat. The government will threaten higher taxes. The banks will protest that demand for lending is weak (and Bob Diamond got his retaliation in early when he said small businesses have £16bn on deposit at Barclays). Companies themselves will complain that the price of credit is too high. In the end, an equally unsatisfactory Merlin...
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...Final Team Project A new medical clinic is opening up in your hometown and a mutual friend has recommended your services to the administrator of the clinic. You have received a letter asking you to provide information that would support their retaining your services rather than hiring employees for the same purposes. Assume that this letter may have gone out to other local firms as well. Working as a team, you will do the following two things: (a) After discussing and choosing a small business with your team, you will prepare a letter (in effect, an informal proposal) in response, offering your services to the clinic. (b) Follow up with an oral presentation before the administration of the clinic to discuss and further sell your services to them. On the date scheduled for the final presentation, each student will be responsible for evaluating one team, as assigned by the instructor, on their written and oral presentation. To help you prepare, a copy of the student team evaluation form has been provided. Additionally, students will evaluate the contribution of their fellow team members and themselves in developing the presentation. Evaluations will be taken into consideration in determining grades for the project. In preparing your written presentations, consider the following: • What business services will you choose to provide to the clinic? Billing, secretarial, computer, health, landscaping? • Who will present the letter to the clinic...
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...Franchises & Business Plans What is a franchise? Using examples from the real world, explain three advantages to the franchiser and to the franchisee. A franchise is where a business with a well-known brand name (the franchisor) lets a person (the franchisee) or a group of people set up their own business using that brand. This is in exchange for an initial fee and continuing royalty payments (a certain percentage of turnover or profit) for as long as the franchise lasts. A franchise is not a type of legal structure in itself. The liability for the person using the franchise depends on the how the business is established. A franchisee can choose which legal structure to adopt, although the franchisor may recommend a type. They have unlimited liability if they are in business as a sole trader or partnership but have limited liability if they set up the franchise as a company. Advantages for the franchiser: * The firm does not have to spend a large amount of money in order to expand * The products necessary for the franchise to operate are under the franchisers direct control * Issuing franchises should generate a continuous stream of revenue from franchisees who are determined to succeed Disadvantages for the franchiser: * The control it has over the product is not as great as if the business sold the product itself, bad publicity from a franchisee could affect the brand image * Franchisers have to offer continuous support, training and development and...
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...INTERNSHIP PROJECT FINAL REPORT DES/SBTAP Automotive Repair and Refinishing Environmental Compliance On-Site Evaluations Ali Etebari INTERNSHIP PROJECT FINAL REPORT DES/SBTAP Automotive Repair and Refinishing Environmental Compliance On-Site Evaluations Ali Etebari (603) 868-1447 E-mail: aetebari@vt.edu Facility: New Hampshire Department of Environmental Services (NH DES) Small Business Technical Assistance Program (SBTAP) 64 North Main St P. O. Box 2033 Concord, NH 03302-2033 Contact: Rudy Cartier NH DES Small Business Ombudsman Phone: 1-800-837-0656 Fax: 271-1381 E-mail: cartier@desarsb.mv.com Faculty Advisor: Dr. Ihab Farag 255 Kingsbury Hall University of New Hampshire Durham, NH 03824 TABLE OF CONTENTS Executive Summary 3 Introduction/Background 3 Goals/Objectives 4 Approach/Methodology 4 Chemical Usage, Equipment Needs 4 Releases/Wastes Generated at the Facility 5 Details of Work Accomplished/Project Results 5 Pollution Prevention Benefits 5 Recommendations for Future Efforts 6 References 6 Appendices: A. Sample Report 6 B. Evaluation Checklist 10 C. Microsoft Excel Spreadsheet 13 Executive Summary: SBTAP is offering small-scale automotive repair and refinishing businesses free confidential on-site inspections in order to increase their awareness...
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...Small Business Examination Paper Danita Benson LDR/531 February 12, 2013 Cherlyn Conner Small Business Examination Paper ESI Companies is a small company in Bartlett, Tennessee. ESI Companies is proud of their credit of providing tactical security specialist, and solutions to relieve threats to the environment. They install and build security systems in courthouse, detention facility, transportation hub, office building, and production plant. The company has partnered with private industry, law enforcement, military agencies, and correctional and detention facilities to keep their operating environments safe and secure from the threats of criminal activity and terrorism. Organizational Structure ESI Companies small business organizational structure is or can be a partnership. They are comfort of knowing their professional posses the needed skills and expertise to assist with the customers design and build techniques with courthouse, detention facility, office building, production plant, and others. They also partner with customers for facilities renovations, and maintenance of their security system regardless of any unique and challenging security needs. ESI Companies requires the customer partner in the design and implementation of their standards of operation intended to reduce the risks of security catastrophes. ESI Companies believe in working together to design, implement, build, install, and support state – of – the – art electronic surveillance and security...
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...Course Project #1 Mia DiLella Philadelphia University For this project that topic that I am choosing to do is how might changes in technology, the economy, and social trends affect business strategies in the future. I selected this topic rather than another because I found this one to be most interesting and I feel that it is a very important topic that I would like to learn more about because technology is really going to advance as times goes on and affect the future in many different ways. To provide myself and the reader with new information I plan on researching every end of this question. I plan on finding information from different resources that will show how changes in technology, the economy and social trends will affect all kinds of business strategies large and small in the future. I will give examples and information from a large businesses point of view as well as a small businesses point of view. Going about accomplishing this research paper it is going to take a lot of time and research and I am willing to put in my full effort to complete this assignment to my full potential with using all the resources that I have access to as well as completing each assignment on time as well. My plan to get this research paper completed to it full acceptable potential, I will first go based off what is due each week for that given portion of the research paper that is due. Second when I log in to get my assignments for the week I will prepare myself for what is...
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...intensive, large scale industrial project based on the philosophy of import 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...
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...Ranking Criteria Ranking Criteria Based on the scenario and approximate amount of this project of $100,000 (which is within the simplified acquisition threshold), my selection team will only consist of myself, the technical representative (from the program office), and the contracting officer. The evaluation factors that we have decided to employ are: Technical capability Past Performance Price The method that we will use in evaluating the proposals is the trade-off process or better known as best value. Trade-off process puts more emphasis on non-price factors and awards the contract to the vendor that offers the best value rather than the one whose proposal has the lowest price. Using the trade-off process gives the government the flexibility to trade off among cost or price and non-cost evaluation factors such as the contractor’s technical capabilities, management capabilities, qualifications, and experience. It will be clearly indicated in the solicitation package on the relative order of importance of the evaluation factor which will state as follows: The following five criteria will be evaluated in order of importance. All non-price factors are listed in descending order of importance, with the most important criterion listed first. Criteria 1-5 combined are significantly more important than price. Price will not be scored, but its reasonableness and fairness will be evaluated. 1. Technical capability 2. Past performance 3. Corporate experience...
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...PROLOGUE: An MSME (Micro, Small and Medium Enterprise) is defined by RBI/GOI differently for the Manufacturing and the Services Sector, as follows: * Manufacturing Sector: Manufacturing sector refers to enterprises engaged in manufacture or production, processing or preservation of goods. The definition of Micro, Small and Medium Enterprises under the manufacturing sector is as below: | | * A micro enterprise is an enterprise where investment in plant and machinery does not exceed Rs.25 lakh; | | * A small enterprise is an enterprise where the investment in plant and machinery is more than Rs.25 lakh but does not exceed Rs.5 crore; and | | * A medium enterprise is an enterprise where the investment in plant and machinery is more than Rs.5 crore but does not exceed Rs.10 crore. | * Services Sector: Services sector refers to enterprises engaged in providing or rendering of services. These will include small road & water transport operators, small business and professional & self-employed.The definition of Micro, Small and Medium Enterprises under the services sector is as below: | | * A microenterprise is an enterprise where the investment in equipment does not exceed Rs.10 lakh; | | * A smallenterprise is an enterprise where the investment in equipment is more than Rs.10 lakh but does not exceed Rs.2 crore; and | | * A medium enterprise is an enterprise where the investment in equipment is more than Rs.2 crore but does not...
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...A Framework for IT Governance in Small Businesses by Herman Koornhof A FRAMEWORK FOR IT G O V E R N A N C E by IN SMALL BUSINESSES Herman Koornhof TREATISE Submitted for the partial fulfilment of the requirements for the degree MAGISTER TECHNOLOGIAE in Business Information Systems in the FACULTY ENGINEERING, BUILT ENVIRONMENT OF THE AND INFORMATION TECHNOLOGY of the N E L S O N M A N D E L A M E T R O P O L I T A N U N I V E R SI T Y Supervisor: Prof. Rossouw von Solms January 2009 ii Declaration I, Herman Koornhof, hereby declare that: • • • The work in this treatise is my own work. All sources used or referred to have been documented and recognised. This treatise has not previously been submitted in full of partial fulfilment of the requirements for an equivalent or qualification at any other recognised educational institution. higher Herman Koornhof iii Acknowledgements I would like to express my gratitude to the following people: • My love, Jenny, for your love and understanding during the past year. Without your encouragement and inspiration this work would not have been possible. • • My family and friends for your interest and support. My supervisor, Prof. Rossouw von Solms, for your guidance and advice, and your detailed and constructive comments. • To Him who is able to do immeasurably more than all we ask or imagine, according to his power that is at work within us. iv Table...
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...Kelsey Campbell Course Project Proposal Managerial Application of Information- Technology MIS 535-60533 Using Mobile Devices to Improve Competitive Marketing Positioning I believe that the most innovative approach to coupling the use of mobile devices with Social Media will give online marketers better marketing positioning and improved competitiveness. The moving market of online shopping is currently dominated by a handful of names including Amazon, Apple, eBay, Google, and a splash of Yahoo. My approach is somewhat bias, as I am interning for eBay this summer with the Social Media team. However, I think that the information I gain through my intern project, and this class project will be legitimized, because it is an objective that I am, in real time, working to execute. (Ken Laudon and Jane Laudon. Management Information Systems, 12/e for DeVry University, 12th Edition.Bookshelf. Web. 22 July 2013) The problem is that although 66% of small business owners use mobile technology for their business (http://news.constantcontact.com/sites/constantcontact.newshq.businesswire.com/files/research/file/Mobile_Tech_Pulse_slidedeck_FINAL_3.pdf), it is still somewhat difficult to track in terms of actual correlated return and mobile friendly platforms all around. Social Media, according to Constant Contact, leads in mobile technology use at 73% while e-mail marketing follows at 71%. With better e-mail platforms being introduced such as @gmail, which virtually eliminates any...
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...IMPACT IN THE BUSINESS Substance abuse is a hard problem to eradicate in any business setting, but it can be particularly difficult to address in small business settings. After all, many small business owners develop close—or at least friendly—relationships with their employees because they often work together on projects and share smaller work areas. "Because many small business owners have one-on-one relationships with each employee, dealing with an employee who is addicted to alcohol or drugs is a personal as well as a personnel problem," wrote Barbara Mooney in Crain's Cleveland Business. But substance abuse experts and business researchers alike warn that substance abuse problems are not the sort of problems that tend to go away by themselves. Rather, they often continue to grow and fester, further strangulating the business's productivity and profitability. Indeed, substance abuse often ends up being a tremendous drain on a company's fiscal well-being. This drain takes many forms, including decreased productivity, increased absences, rising numbers of accidents, use of sick leave, and jumps in workers' compensation claims. Indeed, HR Focus reported in 1997 that "alcohol and drug abusers are absent from work two-and-a-half times more frequently than nonusers; they use three times the amount of sick leave as nonusers; their worker's compensation claims are five times higher; and they are generally less productive." This latter factor—what HR Focus termed "the less dramatic...
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