and the maximum social gain. It is the place of maximum net advantage or which gives lowest unit cost of production and distribution. For achieving this objective, small-scale entrepreneur can make use of locational analysis for this purpose. LOCATIONAL ANALYSIS Locational analysis is a dynamic process where entrepreneur analyses and compares the appropriateness or otherwise of alternative sites with the aim of selecting the best site for a given enterprise. It consists the following: (a) Demographic
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Socorro C. Ramos Background: •Salesgirl at a Goodwill Bookstore •Owner of National Bookstore •Agora Award for Outstanding Achievement in Entrepreneurship •DTI Outstanding Filipino Retailer Award •Woman Entrepreneur of the Year •The Outstanding Filipino (TOFIL) Award •Filipino-Chinese Federation of Business and Professional Women of the Philippines Award for Business Biography: Socorro C. Ramos or also known as “Nanay Coring” is the founder of National Bookstore, the Philippines’
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Why Leadership Is The Most Dangerous Idea in American Business If you're an entrepreneur, almost everything about "leadership" as we know it is bad for you. But there's another way to lead. Here are the rules. Maybe you've noticed: Never in the history of management science has leadership been more studied, worried over, theorized about, and debated than right now -- not least because for two years the world has supplied leaders-in-training with a (mostly unhappy) curriculum. The stock bubble
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GRADUATE SCHOOL 1ST Semester AY 2012 Subject: business finance Topic/Title: A Reaction Paper ENTREPRENEUSHIP Facilitator: Professor: DR.MARIETTA B.SORIO Introduction An entrepreneur is some how who has a different set of ideas and new way of doing a business. Entrepreneurs have the risk taking ability which makes them invade the unconquered territories. It requires huge amount of courage and determination to pursue with their goals. They had a tough stand in tackling
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------------------------------------------------- Myth 5: Entrepreneurs Must Fit the "Profile" Entrepreneurs and Entrepreneurship: An Introduction It is not easy to give a particular answer to the question: Why do people want to start and run independent businesses? Different answers may come from different people. Some people may start a business just because they love independence and hate to tolerate bossing in the jobs. Some may not have the capability and qualification to do a job and
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2012 Ryan and Aaron Team Reflection Entrepreneurs are individuals “who risk time and money to start and manage a business” (Nickels & McHugh, 2010). Ryan and Aaron were willing to take that risk and created a successful company called IContact. With a tough economy, there are a lot of college students striving to start their own business, but do not have the necessary tools to begin. Ryan and Aaron are great examples for future college entrepreneurs to admire. They came up with a concept
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Entrepreneur: Tom Bostock- ‘The Travelling Fishmonger’ 1. Introduction The definition of an entrepreneur taken straight from the oxford dictionary is ‘a person who sets up a business or businesses, whilst taking on financial risks in the hope of profit’ (Whitelock, 2011). A definition this simple is near impossible to find in any scientific journal. Schumpter (1934) was one of the first researchers to claim that an entrepreneur was an actual state of being that was different from a business
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Introduction: AN entrepreneur is one who always searches for change, responds to it, and exploits it as an opportunity. Can anyone be an entrepreneur? The answer is no. But with access to capital, minimum education facility and own creativity, many intelligent, energetic youth can be turned into a decent business people. In our country, the term for an entrepreneur is a 'businessman,' which carries with it a set of negative connotations. The assumption is that one goes into business if one cannot
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them in entrepreneurial experiences that will enable them to develop entrepreneurial skills. Inspire, Inform and Involve This highly interactive program enables participants to learn from the first-hand experience of successful real-world entrepreneurs. Drawing on the eight life-lessons described in the book, the program combines narrated chalkboard presentations with video interviews and case studies featuring modern-day examples of those who, like Clifton’s Uncle Cleve, have triumphed over
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business start-ups is a major concern for many entrepreneurs, reason why they should be sensible to red flags in the business and the environment that may be early warning signs of trouble. Before engaging in new ventures entrepreneurs have to make sure that they are choosing a profitable sector, have enough cash reserves, and anticipate the price, the competitors, and the changing behaviors of consumers. Also, it is important that the entrepreneurs pay close attention to following red flags because
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