...this area, our group has been choose to do research in this area, to prove how much is important woman entrepreneurship in social life of Malaysia. Further, it was reported by the Ministry of Women and Family Development (2003) that Malaysian women entrepreneurs are under-represented in the business world with evidence that some undesirable development where micro-enterprises which were scaled up to bigger enterprises were subsequently managed and taken over by the husbands or other family members (Jariah & Laily, 1997). Besides that, the number of Malaysian women who make it to the international market is still small (Rafidah, 2005). They are urged to charge their mindset in line with the changing of times in the business world and are advised to start producing quality products which are capable of penetrating the global market (Azlan, 2005). 2.0 Introduction The present report is an overview on the results of our survey that was carried out in the frame of the title “INVOLVEMENT OF WOMEN IN SOCIAL ENTREPRENEURSHIP”. The main aim of the survey was to find out what problems have women to start their entrepreneurship in social life, or what influence them to start their business. Also, we can say that Malaysia presents an exciting site for this survey in several ways. At first look, Malaysia can be seen as a society divided by intense ethnicity, religion, and culture...
Words: 2630 - Pages: 11
...AQA AS Business Studies Unit1 (BUSS1) Course Companion AQA AS Business Studies Unit 1 (BUSS1) Course Companion Publishers Information AQA AS Business Studies Unit 1 Course Companion 1st Edition August 2008 Author: Jim Riley © Tutor2u Limited All Rights Reserved No part of this material may be reproduced in whole or in part without the express written permission of Tutor2u Limited. This publication is not endorsed or approved by AQA. Tutor2u Limited Boston House 214 High Street Boston Spa LS23 6AD Please contact jimriley@tutor2u.net with details of any errors, omissions or suggestions for future editions. © Tutor2u Limited All Rights Reserved www.tutor2u.net AQA AS Business Studies Unit 1 (BUSS1) Course Companion Contents Introduction to AQA AS Business Unit 1 .....................................................................6 Section 1: Starting a Business ......................................................................................7 Enterprise and Entrepreneurs .......................................................................................8 Introduction ......................................................................................................................................... 8 Entrepreneurs ..................................................................................................................................... 9 Motives for starting a business ................................................................
Words: 41888 - Pages: 168
...about How to Start a Business: Starting a business is a complicated and serious decision which requires responsibility, knowledge, skills and ambitiousness. Business requires patience and soberness, because the novice businessman should be ready to take risks, make decisions and solve urgent problems which can save or ruin his firm. It is not so easy to start business, because one should decide what he would produce, how he would pay for the development and where he would take the money for the first investment. The primary task of every businessman is to write a quality business plan, which would reflect the whole idea of the new business from all sides. One is supposed to plan the financial support of the production, brainstorm the product which would be sold effectively and get the official permission to start business. The most complicated task is to decide what to produce, because if the goods and services are not successful, the business will bankrupt very soon and the businessman would simply lose his money. We can write a custom term paper on How to Start a Business for you! In addition, the business will get efficient investment only in case of the successful idea about the product and its possible success on the market. There are many other problems related with starting a business: where to locate the firm, where to take money from, how to name it catchy, how to select employees for the firm, etc. Only after having special courses on starting a business one is able...
Words: 489 - Pages: 2
...Environment of Business Michelle Casey Introduction to Business Unit 1 Legal, Social, and Economic Environments of Business When a person decides to start up a business of any kind, they have to decide what type of business it is going to be. There are three major types of businesses; sold proprietorship, partnership and corporation (Griffin 2005). Before deciding which the best one for the business is, the owner needs to know what each one is and how it operates. A sole proprietorship is a business that is owned and operated by only one person. Anyone can open up a business as a sole proprietor as long as they have the means and know how to do so. A lot of the “mom and pop” stores throughout the United States are classified as a sole proprietorship. They tend to be family owned and are very personable with their clients or customers which appeals to consumers. A partnership is when two or more people get together and decide to start a business. They decided how it will operate and how the profits will be shared. Most partnership businesses have people who are skilled in different areas which help the business become more successful. A corporation is when a group of stockholders have ownership of the business. A corporation can be expanded very easily throughout the United Stated. They have more funding available to them then any other kind of business form. The banks are more willing to lend money to corporations mainly because of the type of business it is classified...
Words: 545 - Pages: 3
...Ten things to ask yourself before you start a business Step One: The Idea Before you start a business, you need a good idea…Let's face it, the single most important step in creating a business is the idea. After all, a good idea can make a company millions or even billions of dollars, while a bad idea can lead it to bankruptcy. And without an idea, you can't create a business. So it's time to start brainstorming. Think up that next million-dollar idea. If you're stuck and can't think of anything, here are some questions to ask yourself to help you out a little: What are my interests? Get out a sheet of paper and start writing down some things that interest you. Are you good at sports? Do you like managing other people's money? Are you good with computers? Do you like pets? It always helps if you start a business in a field that interests you. That way when you're spending your time working on it, you'll have so much fun that you don't even think of it as work. For example, I enjoy money-related stuff. But once a week, I'm required to mow our lawn since I'm the "man of the house". Some of the neighbours need their lawns mowed too. However, because it doesn't interest me, I probably shouldn't start my own lawn-mowing business. If I had some money, what would I buy? Try to think of something that you think would be cool to buy. It helps if there isn't already something similar out there. If you think something is cool, there is always a chance that...
Words: 4689 - Pages: 19
... Over the past few years, our economy has gotten worse and worse, but I would still take the risk of opening up my own business. To me, now would be the perfect time to open up. I think this because no matter how bad the economy is, that won’t stop anyone from going out and purchasing anything from stores. Although there are pros and cons to starting your own business right now, I would still go for it. I believe before anyone opens up their own business, you have to know what you are getting into. You have to have a lot of knowledge and have to be very committed to what you are about. I think before starting your own, you need to at least work in a business for maybe two or three years. That way you know what goes on inside the business. Try to talk to someone that owns a business so that you can get some key pointers what will help along the way. Another important thing to consider before you get started is money. You have to have money to make money. I know it takes a lot of money to get started, so you have to think are you really prepared to start your own business. Most people try to get loans from banks. But to do this, you need a credit score of “700”. You need to be able to manage your money, if you don’t know how the business won’t last long because you’ll soon go bankrupt because you aren’t keeping up. The statement “A student whose main activity on campus is running a business is missing the basic reason for being here, which is to get an education can be true...
Words: 460 - Pages: 2
...Tennessee. He has a cleaning business and his business is doing quite well. I've been knowing him for three years now. The questions that I ask Mr. Black consisted of : What inspired him to start his own businesses? His response: The determination to be able to provide for my wife and children. I wanted to be able to own and manage something of my own. I wanted to have something that I could control and set the kind of hours that I wanted. And just feeling successful in something. The other question that I ask Mr. Black was: How did he come up with the idea of starting his own cleaning business? His response was: He seen how the market was growing with cleaning franchises and he figured that he could get a piece of the pie. He started off by getting small contracts from church's and from companies that needed a cleaning crew. He stop to say that word of mouth is a powerful thing. He said within about a two year period he had so much business being thrown at him that he had to hire several new people to get the jobs done. He did not have to do any advertising, word of mouth was all he needed. Mr. Black was asked what steps did he take to get started? His reply was he researched all that he could on cleaning business and what he would need to get started. Such as licenses, cleaning products, the type of cleaning machines he would need and etc: I asked how did he finance the business? His response was he used what he had in savings, borrowed...
Words: 544 - Pages: 3
...Risk Taking in Business When I think of the word risk I think of daredevils, rebellious teens and getting into something you just might regret and according to the Business Dictionary they define risk as a “probability or threat of damage, injury, liability, loss or any other negative occurrence that is caused by external or internal vulnerabilities, and that may be avoided through preemptive action.”(Home,2014) We’ve been taught throughout our lives that those daredevils and rebellious teens were bad, but who’s to say they just weren’t risk takers. Risk taking is something you have to do in order to make a profitable and successful business, just look at some of the most successful businesses out there today they didn’t get there not taking risk. I’ve come to realize with all my research there are good and bad risk and understanding the thin line between the two could mean the difference between a smart business decision and unwise mistake. Taking risk is not something to do lightly it takes calculated reasoning and beneficial risks require careful planning. Bad risk tends to be a product of thoughtlessness. Fortunately, most CEOs and business owners wouldn't have arrived at their current position if they regularly made the latter type of decisions. (Hendricks, 2014) So I wonder what is a good risk? And I found it is the product of assessing needs, identifying areas that need improvement, formulating strategic plans and executing initiatives while anticipating mistakes...
Words: 1914 - Pages: 8
...------------------------------------------------- DON’T WAIT FOR PERFECT MOMENT, TAKE THE MOMENT AND MAKE IT PERFECT SEPTEMBER 2015 SEMESTER ________________________________________________________ COURSE CODE | : | BPME 6023 | COURSE NAME | : | NEW VENTURE CREATION | PROJECT TITLE | : | DON’T WAIT FOR PERFECT MOMENT, TAKE THE MOMENT AND MAKE IT PERFECT | | | | | | | | Introduction “The time will never be ‘just right’. Start where you stand, and work with whatever tools you may have at your command, and better tools will be found as you go along.” Napoleon Hill When it comes to many things in life, we tend to wait around for that perfect timing in order to go for the new venture. The problem with this mentality is that it sets us up for disappointment, stagnation, and failure. There is not necessarily a perfect time or day for anything. However, there is a better way, a way to take action now, to move forward and to start the new venture instead of merely dreaming it. 1.0 Don’t wait for perfect moment 1.1 The Economy Some of the most common fears about starting businesses relate to how “the economy” is doing. Most people see it as a big setback. If the economy is in a lull, many would be entrepreneurs assume that now must necessarily be the wrong time to get started. This belief is reinforced by nay-saying politicians and journalists who exaggerate even the very worst economic news. An entrepreneur should see difficult economics time...
Words: 1722 - Pages: 7
...customers out. Kathy has become successful because she has taken and combined affordability and convenience. As her business continues to grow she has plans to add catering services. One of the largest goals that Kudler has is to continue to meet customers’ needs. With catering services, Kudler is able to offer services that will assist with customers needs to be able to assist with large orders and get-togethers that customers are having. This will ease the stress of the customer by making it so that they will not have to make sure that the food is prepped and ready for the party which tends to take a long time. A definition of “Marketing Research” is the collection and analysis of information to assist in decision making. With Kudler there will be a lot of “Marketing Research” in order to determine if the catering business will be something that will be worth adding to their organization. If they would have just started a catering business then who knows if it would have taken off. On the Kudler website you can see that more marketing research is needed in order to determine a definite action to take. The surveys that were done were not adequate enough to get the information in order to determine where to go. In order for Kudler to be able to increase their customer satisfaction they are going to need to define the marketing problem. From what can be seen there is a...
Words: 1359 - Pages: 6
...Gen/200 Professional Knowledge As I Have explained in previous papers I have just recently started my own Tax office Business. The Company that influenced me to start this business was Corporate Financial services. This was the Company that I worked at for the 3 years before I figured out it was time for me to do this on my own. At this company I was trained and certified on how to prepare individual and business taxes. While at this company I learned the day to day business of what it takes to run a successful tax company. Working for this company for those three years made me wants to start my own business and get into the tax business. I gained so much knowledge on taxes and IRS information from just experiencing 1st hand working at corporate financial services on a day to day basis. I think working for this independent company is what motivating me to start my company just watching a group of people build a company from the ground up and become very successful financially and in the community. I learned how to prepare taxes and send them off to the irs.I gained some experience with working with people and gaining there trust with their information and that if you take care of your customer that they will come back to you on a year to year basis. I came into the business knowing I had a advantage on how to promote to get my clientele up cause I been running a promotion company prior to that and still do run that as well so it was...
Words: 603 - Pages: 3
...STARTUP companies fail? In today’s peer group or in industrial trends, every individual wants to start-up something new products/services lines in Industry. Scrutiny for start-ups are: • It might be because of existing industrial success rate in start-ups • Dominant vocalizations • Due to financial stabilization, • Having minimal skillset in one particular area of interest and finding sensation factor in it can turn into Start-up! • Availability of resources in industry, • Industrial challenges and demand and supply • Risk taking attitude • Innovation • Business process maturity They create new markets, disrupt old ones, get ridiculous amounts of money from venture capital firms, throw wild launch parties, have the best-looking offices — the list goes on. But is it really that easy to reach startup fame, or do these idyllic stereotypes hide a harsher truth? As it appears, the reality is harsh indeed, because 90% of all startups fail. That sounds horrible. Well, let that sink in. It counts for just 1% of total startup funding, as 82% of startups are self-funded and 24% of entrepreneurs rely on friends and family to keep their business dreams afloat. As for wild parties and lavish offices, the more extravagant they are, the more money is being thrown away, reducing the chance of success and abusing the trust of investors. What is the main cause death of startups? Common reason for failure, doing good things, but doing them...
Words: 1328 - Pages: 6
...Deciding on a Business Provided by My Own Business, Content Partner for the SME Toolkit OBJECTIVE: The most common serious mistake made in business is not picking the right business to begin with. This session will provide you with important evaluation techniques to decide which business is right for you. * Characteristics of a Successful Entrepreneur * Step-by-Step Approach * Decide if you really want to be in business * Decide what business and where * Decide whether to start full-time or moonlight * Selection Strategy * Things to Watch Out For * Required Activities * Comparative Evaluation * How to Evaluate a Specific Business you have in Mind * "For" and "Against" List * Get Completely Qualified * Decision Time * Top Ten Do's and Don'ts * Session Feedback and Quiz | [Back to top]Characteristics of a Successful Entrepreneur | Dr. Dan Nathanson Anderson Graduate School of Business UCLA | | | What are the biggest mistakes made when starting a business? | | Guts: Guts means you must have an entrepreneurial instinct, which is an overwhelming desire to start your own business. You must have the guts and dedication to be completely devoted to your goal. Incidentally, devotion to your goal is much more likely if you have a love for your intended business. Life is too short to start your own business only to discover that it doesn't give you satisfaction and joy. And, through good times and bad times, you...
Words: 2396 - Pages: 10
...organization. This organization is one that loves to assist people with starting a business or the entrepreneurs in furthering their skills and training. It is also about helping people get the training they need to become successful business owners according to Merit. (Merit MicroEnterprise Helping Very Small Businesses Start, Grow and Prosper, 2010) Merit has programs and training curriculum that are available to the low-income, migrants, disabled, women and others who have a difficult time getting assistance for starting a business or knowing where or how to start. The trainings are at no cost to those who are income qualify. (Merit Microenterprise Helping Very Small Businesses Start, Grow and Prosper, 2010) You must be willing to commit to the classes and the work that comes along with the training. Along with that commitment you must be willing to attend all of the classes plus follow up advising. Professional Knowledge and Abilities Paper Merit can contribute to learning the professional knowledge and abilities. They assist with training or even on-going advising. If one needs help of where to go or who provides loans they have a long list of providers. Do you need to start an Individual Development Account (IDA) for building assets they can help with that as well? The trainings they provide helps from the very beginning and continue with support after the business is going. Putting together a business plan, developing their ideas, budgeting and marketing skills and so forth...
Words: 618 - Pages: 3
...Many people dream of starting their own business and being their own boss calling all the shots. Before starting a business, entrepreneurs must think about what kind of business they want to start and under what Forms. The different kind of forms to consider is sole proprietorship, partnership, corporation, and franchise. Each form is tailored to certain kind of business and knowing the details of each will enhance the business strategy. Sole proprietorship: This form of business structure is mostly used by someone who owns a business by themselves. An example of this type of business in someone starting a home based business such as direct sales. Selling merchandise out of a home office is ideal for new start-ups because the direct sales company usually has an easy to follow plan to where the business owner only has to implement that plan. The advantage to owning this type of business is the owner is in complete control and can work as much or as little as needed. Other advantage is the owner can keep control of inventory, does not have to worry about rental space cost and business owner is able to take advantage of the tax breaks for operating out of the house. The disadvantage is that the owner is in complete control and is responsible for marketing, budgeting and any labiality claim towards the business. Partnership A partnership business is similar to a sole proprietorship but instead of just one owner, there are usually two or more owners. For instance...
Words: 1036 - Pages: 5
