Every company can benefit from technology. Even a small company with a few employees can use technology to check customer and track sales. Work projects and business profits all connect to globalization enabled by technology. Everyone can connect with those in foreign countries with the click of a mouse. Decades ago, it would have taken months or years to find an inroad with a foreign partner or associate. Today, you can build a business with someone in another country in a matter of weeks -- or
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ABSTRACT Depending on how much say the owner wants to have in the decision making of the business. Business owners can keep track of changes in different ways by reading the newspaper and various business publications. This way they can keep up with changes and can adjust their businesses accordingly. Business owners who are not aware of the changes around them have less success that those who pay attention. What is the basic legal environment? What is social environment? What are the operational
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IMPACT IN THE BUSINESS Substance abuse is a hard problem to eradicate in any business setting, but it can be particularly difficult to address in small business settings. After all, many small business owners develop close—or at least friendly—relationships with their employees because they often work together on projects and share smaller work areas. "Because many small business owners have one-on-one relationships with each employee, dealing with an employee who is addicted to alcohol or drugs
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entrepreneurs are risk takers who seek to make a profit through their business. What makes them different from other small business owners is their overwhelming desire to make their businesses grow. These entrepreneurs can be broken down into many different categories based on their entrepreneurial approach. The classic entrepreneur Fred Wells founded Blue Bunny ice cream. As a classic entrepreneur, he started his company by identifying a business opportunity and allocating his resources to create a profit
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LESSON 5.4 - The Advantages of Computers in Business ✓ Innovations in computer technology have revived and revolutionized business both in local markets and worldwide. ✓ The advantages computers provide to small businesses and major corporations alike are many. ✓ Computers have made it possible for small companies to expand into larger markets. ✓ Computer use can provide a business: Multitask Capability ✓ The computer's use as a multimedia tool allows businesses to be more independent
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since more qualifications asked of them. The same applies to small-businesses. Small businesses that use competitive bidding usually have prior experience of the process. However, if they small business lacks the proper and prior experience, it may have to educate itself with culture ad nature of competitive bidding. To help with such need, the US Small Business Administration (SBA) provides excellent learning resources for these small businesses in order to properly get involved in competitive
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gift, and it works for obtaining business capital. According to Fraser (n.d.), “You have no ongoing obligation to the giver (although you should thank the person and make an effort to maintain good relations.)” It may seem impolite to ask family or friends, but it does make sense to start here. It is important for tax purposes to document the gift, even it is in a letter explaining that the money is a gift (Fraser, n.d.). It is also possible to ask for a business loan from family or friends. A loan
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hour – two bucks more than what’s currently on the table – would increase the cost of an average shopping trip to Wal-Mart by just 46 cents – or around $12 per year. The survey, conducted by Greenberg Quinlan Rosner Research for Small Business Majority, found that small business owners support a hike to $10.10 per hour by a 57-43
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financial assistance to banks, financial institutions and the automotive industry. President Obama has also, created the American Recovery and Reinvestment Act (ARRA) that invested in the infrastructure of the country. The ARRA provided tax cuts to small businesses, invested in health care, education and infrastructure. The issues that the country faces as we move forward include the revamping of the education, the rising cost of the health care system and figuring out how to support and protect
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feasible solutions that are available to dissolve this social problem. In discussing poverty in the United States, I will be utilizing three major perspectives: the general condition, the emerging middle class poverty and the relationship between small businesses and strategic measures to eradicate poverty. According to Howard Glennerster in United States Poverty Studies and Poverty Measurement: The past twenty five years, poverty has been a steady condition in United States history. Not only that
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