Skills in Communication, Application of Number and Information Technology from completing the assignment You will also be able to gather evidence for Key Skills Level 2 Improving Own Learning and Performance (LP2.1, Lp2.2 and LP2.3) as you plan, review and complete the assignment ASSIGNMENT TASKS The scenario You and some friends have always been interested in working for yourself rather than being an employee. You now feel it is the right time to start up a new business
Words: 905 - Pages: 4
JeremyVohwinkle, college students face many hard financial decisions. As s young adult they need to figure out how to pay for college and earn some money spending. This is important for anyone, so no surprise and wonder that a lot of college students end up making a lot of debt and costly making mistakes. Unfortunately, these mistakes can actually damage and provide a lot of burden for the students for a long time, these students need to have basic financial planning in order to prevent something bad happen
Words: 8260 - Pages: 34
Able Planet Case 2 SBE-560-19660: Entrepreneurship/Small Business Mgmt. Professor Wendy Finlay October 5, 2013 Keller Graduate School of Management Jacob Denise Abstract Kevin Semcken, Able Planet’s CEO discovered Able Planet in Wheat Ridge, Colorado, that produces headphones with an imbedded magnetic coil to enhance sound quality at a technology conference in Denver Colorado. Kevin Semcken, who lost hearing in one ear, was intrigued and tested the product by listening to his favorite
Words: 1348 - Pages: 6
Case Study 3 One of the main questions that business leaders today face, in their quest for continual performance, is whether or not incentive plans help or hinder in their drive to sustain performance (Gomez-Mejia, Balkin, & Cardy, 2012). Case Study 3 looks at this issue from the perspective of a larger organization (500 plus employees), as well as what those challenges would be, and how to meet them when operating within the constraints of a small business. The challenge most business leaders
Words: 1203 - Pages: 5
contribution and determine whether it can be fruitful. Once analyzing its contribution, stablishing business structure equipped to support the company's necessities and requirements in efforts to use it as a guideline for the owner's potential business plans. In the following passage, the rewards and shortcomings of common business structures utilized in today's market. Sole Proprietorship & Partnerships: Sole-proprietorship is a business entity directed by one individual. A particular structure
Words: 831 - Pages: 4
contribute to personal effectiveness. Managerial competencies: sets of knowledge, skills, behaviors, and attitudes that a person needs to be effective in a wide range of positions and various types of organizations. Six managerial competencies: 1. Communication Informal communication Formal communication Negotiation 2. Planning and Administration Information gathering, analysis, and problem solving Planning and organizing projects Time management Budgeting and financial management
Words: 1497 - Pages: 6
Financial Statement Analysis BUS521- Entrepreneurship and Innovation March 02, 2011 Question: Discuss the sources of funding of the new venture and the rationale for using each source. The securing of funding for a new venture is perhaps the most difficult part of the venture start-up process (Hisrich, Peters, & Shepherd, 2010). The sources of funding for a new venture entry may be varied in such forms as Self, Family and Friends, Suppliers and trade credit, Commercial banks, Government
Words: 1144 - Pages: 5
identity theft to be the fastest growing crime in the country. The Internet has become a hot zone for attracting identity theft thieves to steal personal information. Identity theft is divided into four basic areas – financial identity theft, criminal identity theft, identity cloning and business and commercial identity theft. Criminals obtain our personal information through methods such as using an insider, dumpster diving, computer hacking, war driving, phishing and pre-texting. The Department of
Words: 2466 - Pages: 10
on strong global brands in its core businesses – Oral Care, Personal Care, Home Care and Pet Nutrition. Colgate follows a tightly defined strategy to grow market shares for key products, such as toothpaste, toothbrushes, bar and liquid soaps, deodorants/antiperspirants, dishwashing detergents, household cleaners, fabric conditioners and specialty pet food. Cover: Photo taken in Chengdu City, Sichuan Province, China Contents: Financial Highlights Dear Colgate Shareholder Succeeding With Consumers
Words: 47011 - Pages: 189
liable for everything to do with the business. The advantages of being a sole trader is that its is a small business so less money is required, quick decisions can be made without having to consult others, all profits are kept to one person and financial information can be kept private. The disadvantages of being a sole trader can be If the owner becomes ill or goes on holiday the business may suffer as they are not there to control the business, they may have work very long hours, prices are often
Words: 2487 - Pages: 10
