convince family and friends to support your idea it needs to be good and appeal to your family and friends. If they do not feel like they would use your product they are less likely to support it. In my opinion it would be impossible to keep the relationships professional because you are too close to them. I would buy a franchise to get used to running and managing a business before starting from scratch. Other funding options aside from personal assets would be a small loan from a bank or family member
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Entrepreneurial Leadership By: David Pruett Dr. ABCDEF Contemporary Business - BUS 508 Date A good leader has the same characteristics as a nurturing parent. That approach encourages the entrepreneur to be a genuine leader, who cares for and develops his or her employees, much like a parent wants the best for their child. During my nineteen years of being of working and climbing the company ladder, I have had very few bosses that made good leader, but each one taught me something as I was
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Entrepreneur Reflection Paper The entrepreneur I interviewed was Jackie Pittman. She took a chance on opening up a nail solon when her passion was to do hair. She originally went to school to do hair which she enjoyed her family supported her in her decision. Her family told her she should continue to do hair because they were her customers. Her brother decided to open a nail salon that was closer to her house. She then decided to go over to her brother shop and manage the nail salon. When
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Law There are many functions of law within business and society, but only one role. Laws must be enforced for society and businesses to function proficiently. Behavior and standards are set rules and expectations. Law tends to be a complex subject that must be understood by society and businesses alike. This essay will discuss the various ways law is present in the everyday lives of people in society. To give further information, law within business will be discussed through the Human Resource
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like any large or small business Wal-Mart went through both its share of trials and tribulations. When Wal-Mart first developed the RFID technology, the company began to greater strides towards become a world leader in supply chain management. As years past and technology became more apparent and pivotal to businesses along with everyday life, Wal-Mart understood that it was necessary and effective for the company to take advantage and implement it throughout their business entirely. The particular
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How do you think business communication will change in the future? One of the main purposes of business communication is gaining and keeping the attention of the consumer. What I think is that the consumers agree to receive services in exchange for their attention to the provider. For example specialized news topics, alerts and shopping trends are provided to the client, in the idea that clients will consume the advertising accompanied with it. The risk here is information overload. There is
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Ice Delights Case Study 1. Evaluate the “Deal” as it is presented in the case As outlined below, ICEDELIGHTS is willing to provide an acceptable option to the franchisees due to their inability to commit to the venture immediately. The revisions to the deal allow the franchisees flexibility in their timeline for raising capital and financing the deal. Regardless of the timeline, the situation presents a concern with the franchisees ability to raise the amount of capital required to open
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1.0 Introduction 1.1 Background of the Study Many companies nowadays are already engaging with the products of information technology to a more convenient and faster processing of the data in their business. Every small work that people do is technology dependent. Today, every other person is recognized by the device or gadget, he carries; which is technically advanced. Ultimately, people can say that, "living without technology is like living without air. Therefore, people are much dependent
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have not yet created a business and are not sure which type of entity will best serve their needs. They want to create a business that can grow steadily and perhaps expand globally. Gloria has researched accounting firms and believes she has found one that will be able to answer all of her questions. She wants to develop a long-term relationship with an accountant who regularly works with start-up businesses and who has global connections. You Role: You are a business planner and accountant.
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of nineteen was an adventure. At the same time, my family was aware that there would be challenges when we arrived in the United States, the new world. The different culture, education methods, and environment around us were challenging. Now, all these changes have benefited me and prepared me to face all the challenges involved with accomplishing my childhood goal of being a successful business professional. My father’s approach to his business has been my inspiration. During high school, it was
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