different types of organisations: 1-Sole traders 2-The partnership 3-Companies 4-Franchising The sole trader The sole trader is the most common form of business ownership and is found in a wide range of activities (e.g. window cleaning, plumbing, electrical work, busking). No complicated paperwork is required to set up a sole trader business. Decisions can be made quickly and close contact can be kept with customers and employees. All profits go to the sole trade. But there are disadvantages
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Contemporary Business (BUS508) Strayer University, Takoma Park Campus October, 2014 Introduction In the beginning, Jerry and Murrel had to make a choice, either to convince their two oldest sons to go to college or consider the other alternative that is keeping them at home and save their college fund to start up a family business. With this decision Five Guys was found in mid 1980’s including all the children in the family into the business. In less than a period of ten years, the business expanded
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The start of this essay is to discuss the best business entry for each of the chosen scenario we choose for this assignment. We must identify laws, risks, and regulations of both scenarios we choose from. We are to discuss the elements and discuss the employment laws in which the business must comply in making a decision. In this Business Law paper, I will discuss two business scenarios’ business entity represents the best choice, while taking control, taxation, and liability issues into
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organization and it causes several disadvantages: there is no real way to determine the effectiveness of the separate functional divisions (production and marketing). And yet, there are ... Please login to view the full paper Franchise Vs. Business Opportunity To the untrained eye,
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These individuals would rather work for themselves than someone else, yet developing a business takes much research and dedication. Shania Jackson has an exciting adventure ahead of her in her pursuit of opening a Christian coffeehouse, and she is in a great location for establishing a profitable business. However, Shania is faced with the tough decision as to how to structure her business. There are many business model entity choices that Shania can consider: sole proprietorship, general partnership
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exports of $12.5 billion in 2008. The impact of export in Kansas economy are increased employment, increased production, income investment and increased standard of living. Places to go for information are: Kansas Chamber of Commerce, SBA: Small Business Administration, U.S. Department of Commerce, U.S. department of Labor, and U.S. department of Agriculture. In order to promote domestic exports, the Kansas Department of Commerce’s Trade Development Division sponsors the Kansas International Trade
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To Navigate this site BUSINESS PLAN FOR Local Motel, Inc. P.O. Box 100 My Town, AZ. 85900 Joe Smith, Developer & Owner Phone (520) 223-2342 TABLE OF CONTENTS EXECUTIVE SUMMARY . . . . . . . . . . . . . . . . . . . . . . . 3 Statement of Purpose . . . . . . . . . . . . . . . . . . 3 Description of the Business . . . . . . . . . . . . . . . 3 Overall Purpose of the Business . . . . . . . . . . . 3 Specific purpose of the business . . . . . . . . . . 3 Marketing Strategy . . . .
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Individual Work Week 2 Charlotte Lewis SBM 2000-1001 Small Business Management Professor: Jean Goodall Everest College April 28, 2012 Edible Arrangements The thing that attracted me to Edible Arrangements is its great appeal to most people. The original store was located in East Haven, CT it opened in 1999, by Tariq Farid who partnered with his brother Kamran Farid (Wikipedia, 2012). After being successful in this original store they set about designing computer systems, training manuals
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a family owned painting business to start their own picture-framing store. While they enjoy the profitable painting business, they also seek to expand their growth opportunities in both terms of income and challenge. With the thoughts of this still in mind, Robert ran across a small retail store while in Winnipeg called U-Frame-It. From there the Norman’s have been exploring and researching the possibility of opening up their own store. After evaluating their business decision, the Norman’s decided
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1. Select a product you are currently interested in buying (either consumer or business-to-business) and use the Internet to make your decision. You may stop short of actually buying the product. Write a summary of your experience and include the various stages of the consumer buying process, the Web site components and other key terms and concepts covered in the reading in your text. Be sure to include your references. Buyers will typically go through various stages to make the decision to purchase
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