How to start a successful toy business

Essay about Business Challenges
1. The most significant challenge to business success you see in this rapidly changing global
economy;
One significant challenge to business success in this rapidly changing global economy is that
many business are focused on efficiency and economic of scales. Just like the example provided by
Michael H. Hugo on Chapter 1, many companies are focused on lowering operating cost as much as
possible. This is causing for executives not leave any room for unpredicted changes limiting the
company's ability to respond to customer's changing needs.
2. An organization that has been successful in the global marketplace using virtual teams and the
best practices it used (as discussed in Chapter 7 of Business Agility: A Sustainable...show more
content...
While this is a practice enforced throughout the company, it was necessary to make sure that this
communications were clear to the virtual team in order to maintain morale and the team's trust in the
company.
3. How the Marketplace simulation incorporates these challenges into simulation game play;
The Marketplace simulation incorporates these challenges by providing student with real–world
business problems and roles. Team members are challenged to make decisions and used critical
thinking in order to solve this problems virtually. While The Marketplace gives the team the tolls
necessary to have effective communication, ultimately each team members contributes to the overall
success of the team, just like in a real business situation.
4. How your readings and individual self–assessment work provide potential solutions to these
challenges.
The unit's readings have provided many solutions to the challenges businesses encounter nowadays.
To this day, there are many companies that have business plans that concentrate strictly in lowering
operating cost, cut budgets as much as possible and overwork workers that already are overworked.
Some of this solutions include: * Thinking of the costumer's needs and being able to respond to their
ever changing needs * Management needs to be transparent and make sure to communicate with
employees, especially when the organizations is making
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Introduction to Business Essay
Introduction to Business
Business plays a major role within our society. It is a creative and competitive activity that
continuously contributes to the shaping of our society.
By satisfying the needs and wants people cannot satisfy themselves, businesses improve the quality
of life for people and create a higher standard of living.
It is a way for individuals to provide goods and services to consumers, and at the same time,
produce a profit for themselves. Businesses are not only important because they provide goods and
services for consumers, but they also improve the economy and increase jobs for people within
society which is an additional fact producing a higher standard of living. To measure our societies
standard of living,...show more content...
Cultures surrounding businesses also play a major role. Abusiness must adapt to a changing society
with age, lifestyle, culture and location. When a business learns to adapt to these changes, it will be
profitable for both the business and consumers. Economic systems can be classified into three
categories. These include capitalism, socialism and communism. Pure capitalism is an unrestrained
freedom to buy, sell and compete. Private enterprises allow entrepreneurs to run businesses without
central government control and can operate within a free market. Capitalism is a system of true
private enterprise. Some aspects of capitalism are free choice, private ownership, private profit and
free competition. The only drawback of this type of system is that a company can operate with no
competition thereby creating a monopoly unfavorable for consumers. Socialism, on the other hand,
is a system where the production and distribution of industries are owned and operated by the
government. Officials directly manage some or all of the extraction of raw materials, manufacturing,
communication and transportation. This system is loosely regulated by the government. Finally,
communism replaces the operation of a free market almost entirely. Most of the rights enjoyed
within the capitalist system are denied and private ownership is prohibited. Business are controlled
by state planners and competition is almost

Women in Business Essay
The business world today is competitive. It's full of fierce, educated, and motivated people. For
some people it's tough to rise to the top and for some people it comes much easier. It's not always
about hard work! One might ask for a map to the yellow brick road, but few people are ever
provided with it. Most people are stuck in an ocean making calculated guesses as to how they can
reach land. Which route is the best? How much school is enough? How many certificates of
accreditation is enough? How much work experience is enough? All of us ask these questions
attempting to navigate our ships in a competitive world were only a few individuals ever get to their
targeted career position. How many of those in leadership positions are women?...show more
content...
They're looking for direction from their top leadership. When we speak of top management the
first thing that comes to mind is the CEO. If you had to quickly name three CEO's off the top of
your head who would they be? I'm sure many of you would have said Bill Gates, Steve Jobs, or
Michael Dell. There is an un–shocking statistic that the vast majority of people who hold top
management positions are men.
Even for the average Joe it would be difficult to become a CEO of a billion dollar company. There
are many more weeds women need to cut through to reach the top of their respective fields. The list
of challenges that women face are exponential. The following are what many would believe to be
the top three challenges. Women have faceddiscrimination towards their gender, their ability to be
assertive, and some people say women don't have the ability to take their employees to the next level.
Being discriminated against for being a woman is the most obvious challenge. If you think about
the history of our country; it has only been about 90 years since women got the right to vote in
1920. In light of the election that just past I'm sure some of us still take those rights for granted. It
has been an uphill battle for women seeking equal treatment to men in the work place. Yet there is
still gender discrimination apparent in today's workforce.
The people in the United States as well as many other countries

Essay about A Good Business
A Good Business What the characteristics of a good business looks like?
The basic element of a good business is derived from good management. It is true since business is
run by individuals known as managers that perform specific business functions, such as
manufacturing and production, finance and accounting, sales and marketing, and human resource
departments. Identifying a good business is not an easy job; an understanding of Managerial
Economics is needed because it provides some tools, techniques of analysis and Economic concepts
to make good managerial decisions. The purpose of this paper is to identify some characteristics of a
good business and list names of the companies having these certain characteristics.
Most of...show more content...
When a firm's sales reach its peak, it works as a signal that new firms start to enter the markets and
the firm's sales and profit will start to decline. In this case, the role of management is very essential.
The firm has to manage its expansion plan, such as launch new products and entrance a new market
in order to compete with its competitors.
The most common and useful measurement of a good business is by calculating its profit through
return on stockholder's equity (ROE). ROE shows how much return that stockholders have earned
on the capital that have been invested by stockholders into a business. Net Income ROE =
________________ Stockholder's Equity
High rates of return on stockholder's equity indicate a good business performance and also high
growth rate of sales.
Besides steady growth of sales and high rates of return on equity, a good business must also have
strong brand equity. It is important for a firm to create an image of its products on buyer's mind so
that buyers become loyal to the firm's brand. Strong brand equity also generates higher profit since
consumers want to pay more because of the reputation that the product have; moreover, it works as a
powerful defense against new

Essay about My Business Idea
My Business Idea
In my coursework I intend to start my own business. I will devise my own business plan which
outlines my business proposal and the key aspects, during this I will need to seek good business
advice on the necessary steps I will have to make. As I go through the coursework I will show
evidence, examples and explain how businesses are set up, what types of businesses there are and
their similarities, the kind of targets businesses set for themselves and also the different objectives of
different stakeholders. For my business I plan to sell toys and other game products that educate
young children under the age of 11.
Starting up a business is difficult and risky. Anyone setting up needs to consider:
В·...show more content...
Most people though have to research their product. Businesses also have to decide how the product
is to be made.
Finance
=======
No businesses can be set up without finance. Most people who start their own business
underestimate the amount of money they will need to set up. They are often UNCAPITALISED
and this causes problems as the business expands. Some businesses have the potential to be highly
profitable but fail because they run out of cash at a crucial early stage in the life of the business. So
it is very important to work out how much money is needed to start the business and to identify
where the money will come from.
Identifying the sources of help
===============================
Most new businesses don not survive for more than three years of trading. However, their chance of
success is much greater if those setting up the business have received help from experts before the
launch. Many new businesses turn to Business Link or to their local
TEC. They can identify any grants, loans or benefits that are available from government or from
bodies like the Prince's Trust. They can also organise training in setting up small businesses that is
so often vital to the survival of the business.
The business plan
=================
Drawing up a business plan is very important. The business plan sets out how the business is to be

set up and

Business Development Essay
Business Development
Career Overview:
Business developmentВ—or "biz dev," as insiders call itВ—is all about growing your company's
bottom line. The job of the business development professional is typically to identify new business
opportunitiesВ—whether that means new markets, new partnerships with other businesses, new
ways to reach existing markets, or new product or service offerings to better meet the needs of
existing marketsВ—and then to go out and exploit those opportunities to bring in more revenue.
Business development is a cousin of marketing and sales, and even when an organization doesn't have
a stand–alone business development department, or professionals with the phrase "business
development" in their job titles, you can...show more content...
Next, as a business development professional, you'll need to think creatively on everything you
know about your company, its market, and its competitive landscape. This is the part of the job
where you identify possible ways to improve your company's sales, which can mean anything from
identifying new market segments (or individual potential clients) for your company to sell to, to
identifying new sales channels to sell through, to identifying other, related products or services in the
marketplace with which your company's products or services can be combined into synergistic, new,
"co–branded" offerings.
The next part of the job is prioritizing the new business opportunities you've identified. To do this,
you'll need to compare the potential returns of each new business opportunity to the costs your
company would incur to exploit that opportunity. Which means spreadsheetsВ—lots of spreadsheets.
Finally, the business development professional is tasked with making the new business opportunities
he or she has identified come to fruition. In other words, you'll be negotiating with those at other
organizations who can help you take advantage of the opportunities you've identified. And, if you're
good at what you do, you'll be closing deals with those other organizations to increase your
company's bottom line.
In terms of real–world examples: One thing you'll probably be doing as part of a business

Starting and Running a Business Essay
Starting and Running a Business Despite being an intimidating prospect for most people, there
are millions of entrepreneurs in the US. Some of them turn out to be very successful, others, not
so much. There are many steps to starting and running a business, but many of them can be easily
accomplished simply by filling out some forms, and several small fees. Businesses have been
around since the beginning of bartering, an apple for some wheat, a horse for a wife, a daughter
for a house. (In no way reflecting what I would trade) The startups of businesses across time have
never come easy, from cost, to hassle, to threat of beheading; there have always been obstacles in
starting a business. One of the hardest parts of being an...show more content...
This is ideal for most people who want to start a business and keep their home if something goes
wrong. The largest area a permit is good for is one county. If one wishes to operate outside the
county the license was issued in, they would have to get a license from that specific county. The
most important thing is starting a business is having a business plan. This is the only way any
bank will approve you for a business loan. [1] Without this business plan, the bank has no way to
analyze the business's performance thus far. The SBA offers a template for how to lay out a
business plan. The following is how a good business template should be formatted (from SBA.gov).
Writing the Plan
What goes in a business plan? The body can be divided into four distinct sections:
1) Description of the business
2) Marketing
3) Finances
4) Management
Agenda should include an executive summary, supporting documents, and financial projections.
Although there is no single formula for developing a business plan, some elements are common to
all business plans. They are summarized in the following outline:
Elements of a Business Plan
1. Cover sheet
2. Confidentiality Agreement
3. Statement of purpose
4. Table of contents
I. The Business A. Description of business B. Marketing C. Competition D. Operating procedures E.
Personnel F. Business

Essay about Business Administration
Business Administration
The idea of studying business administration has appealed to me greatly and has encouraged me to
further develop my education following this path. I have a keen enthusiasm to pursue a degree in
Business Administration as I enjoy the challenges it sets and find the many different areas of
business you are able to branch out into, very exciting! From research about the subject I'm
expecting to greatly further my learning of how businesses operate and be able to then put my
knowledge into practice. I am confident within myself and find communication with others easy. I
want to study at university to deepen my understanding of the knowledge and skills I already have. I
...show more content...
I am studying Media Studies, which is progressing my understanding of advertising, used
throughout business and also Geography, which is developing my analytical skills in report
writing, but also helps me combine my theoretical studies and practical work a skill I will be able
to use on my university course. I studied I.T for G.C.S.E then furthering my knowledge, I studied
I.C.T for A.S Level as I recognise that a skill for information technology is useful, if not essential,
for the progression of business in modern society. During the year I am studying my three A levels,
I have also decided to study Business Studies at A.S Level, due to an increase in eagerness to pursue
the subject but also to ensure I have a basic understanding of business operations for further use in
my learning in University.
I have managed to balance my 'A' Levels with a part–time job and an enjoyable school and social
life, which has not only developed my skills of working as part of a team and organising my time
efficiently but has also left me with experience of responsibility and leadership, when being chosen
to supervise a particular area of the business I work in. I have been involved in voluntary work for
'Save the Children', which I believed

Essay about Business Culture
Business Culture
Business culture is the overall running of the company there are many types of business culture and
the type of business culture resembles the type of management. There are four main types of
business culture, they are:
Power Culture =============
This is the centralisation of power. This type of culture is usually found in small organisations
where control rests with a single individual or a small group of people. The company spreads out
from the single central figure. The advantage to this type of structure is that decisions can be made
very quickly; this makes the company very versatile. A disadvantage to this type of structure is that
it is very autocratic...show more content...
The higher an employee is in the company the more decisions they can make. This means that this
type of culture can motivate certain employees but can have a negative effect on other employees
depending on the employees in the company.
Task Culture
Task culture is one of the youngest types of business culture, it started to become very important in
the first decade of the twenty first century. This is where employees to work in teams to complete a
task, this type of culture fits in well with a democratic style of management. The company gives the
employees a lot more respect under this type of culture, which helps motivate them, another
motivator is that this style of culture allows the employees a lot of autonomy. Employees are
encouraged to take on more of a challenge task. The employee's views are often listened to and taken
into account, to help achieve the best overall output.
With this type of culture the employees would need training to be given a more influential role in the
company, this may cost the company money, which may not prove beneficial.
Person Culture
This type of culture is usually used in non–profit organisations; the people they are helping are the
central figures in the company. Hierarchies do not exist, people cannot be made to leave the
company. With this type of culture the

Essay about Business Communication
2040MGT Business Communication Reflective Essay Student Name: KE PENG(Kiki) Student ID:
PEKED1002 Tutor: Anita Chard Word Count: 1544 Due date:10/05/2012(Week 10) Communication
is a mutual exchange of understanding. Business communication is more formal than ordinary
interpersonal interaction, which is regulated by certain norm and oriented by goals (Schoop,
KГ¶hne, & Ostertag, 2010). Through learning the Business Communication course, I had understood
various communication concepts and theories. Additionally, I have further developed my
understanding of interpersonal and intrapersonal dynamics through applying concepts into practical
group work. On one hand, interpersonal communication can involve...show more content...
Low level of interpersonal trust and negative interaction are considered to be the attributes of
Internet communication (Fawkes & Gregory, 2010; Lee et al., 2011). According to Gerpott (2010),
Internet communication is not only separates people from physical distance, but also psychological
connections. Mayer (2010) adds that confrontational expression and disagreement can be often seen
from Internet communication. However, this does not fully apply to our circumstance. Although
there are some negative impacts of purely relying on Internet communication, by meeting
pace–to–pace purposefully, the negative influence can be mitigated (Forrester & Tashchian, 2010).
In the group work, the Internet communication was only the alternative to us and we started to form
the group as classmates who meet each other daily. Group work is defined by Judeh (2011), a
number of people have their motives mixed and work collaboratively to achieve common goals.
Cooperative and competitive forms are often detected in terms of group work interdependence
(Riebe, Roepen, Santarelli & Marchioro, 2010). Improved communication, high productivity and
willingness of participating are often observed from cooperative interdependence whereas
communicating deadlocks, aggressiveness and competition are often found in competitive
interdependence (Forrester & Tashchian, 2010). Noticeably, the cooperativeness was the spirit for
the group and we

Essay On Startup Business
Starting a new business requires a considerable amount of preparation. Financially, there is a large
investment to opening a store, especially in the food industry. A pizza place requires a building,
utilities, remodelling, seating, storage, inventory, employees, and signs. Once calculated together,
the financial obligation can be substantial.
In order to determine the financial requirements of a startup business, a person must consider what
is necessary to do any work in the industry you are apart of. First, I will need a building. The
amount I spend will be dependent of location and size. A location in a downtown area will usually
cost more than somewhere on the outskirts of a suburban town. The downtown area is surrounded
by enormous...show more content...
If I choose, I may also need to purchase a card reading machine, so I can take another form of
payment. To be a dine–in pizza place, I would need tables and chairs. The amount of these depend
on the size of the building I chose, and the style will depend on the theme. Any additional decor will
also depend on my theme, which could be retro or modern.
After purchasing the building, remodeling, and filling the store, I must now buy inventory. I will
need items for dough, tomato sauce, cheeses, and many toppings such as meat, peppers,
pineapples, etc. I will also need boxes and extra sauces including marinara, garlic, ranch, and
other packets. When I modeled the kitchen, storage areas were hidden under counters, and there
were refrigerators for chilled and frozen goods. I would use a physical inventory system until I
could later afford the software for a perpetual system. This will save some money in the startup.
Now that I have all the ingredients of a store, I need to hire employees. I will need cooks, cashiers,
servers, and drivers. I will cross train employees to move from cashiers to servers. I will also need
a sign to hang outside of the location, and a sign with our store hours. After hanging the signs, I will
create a Facebook page about the business, listing its hours, events, and location.
In order to start a pizza business, the financial requirements seem extensive. There are many
deposits to be made, and the cost adds up very quickly. Since a

The Success Of A Business Owner
Being an entrepreneur is about believing in something and standing for what you believe in. The
reasons entrepreneurs start businesses is to be successful as well as to make money. No one ever
starts a business with the intent to fail, however if a business does fail most entrepreneurs learn from
their mistakes and try again. The mentality of successful business owner is an "I will not lose"
attitude that motivates that person to not accept failure as an option.
Having what it takes to survive and succeed is a core value of entrepreneurs, making it your civil
duty to find solutions to problems people face on a daily basis. In my research I think the main
objective of an entrepreneur, is to change the world in a way that will benefit everyone in one way
or another. This is the entrepreneurs right and clear intention to make sure they are operating from a
good intent and integrity. Entrepreneurs that have achieved a pinnacle of success often ask
themselves, "How can I help?" or better yet you ask yourself, "How can I serve?". These are the the
main motivating factors an entrepreneur needs to create a plan of action.
Any entrepreneur that is successful in business has an instinctive ability to see problems and needs
that people have as an opportunity to apply their entrepreneurial capabilities to come up with
solutions and satisfy a person 's problems or needs.
Another great example are social media entrepreneurs who

Business Strategy Essay
HND in Business and Finance Unit Name: Business Strategy – 7 Assessors: Egya Gyamfi Student:
Sulaiman Adebakin Introduction In this part of the assignment I will be defining and explaining
mission, vision, objective, goals & core competencies, I will also be distinguishing the
difference between each point and the role they play in the operation of a business, I will be
reviewing the issues involved in strategic planning and explain the different planning techniques. 1.1
Explain strategic contexts and terminology – Missions Visions Objectives, Goals, Core competences
About Walkers Walker is a British snack food manufacturer operating in the United Kingdom and
Ireland and to a lesser extent on the European...show more content...
There are many different types of objectives such as long–term and short term objectives. Long–term
objectives focus on the desired performance and results of the organization on an on–going basis. An
example of a long term objective setting out customer service goals by doing this you will be able
to make sure that your organization aims to receive positive customer service feedback. Short–term
objectives are concerned with short–term performance targets that the organisation is working
towards in pursuing its strategies. Short–term objectives tend to last up to six months or a year. Core
competence The core competences of an organisation are the things that the organisation is
particularly good at, that is, the resources, processes and skills which give it a competitive
advantage. It is very important to identify and build on these core competences because they are
what enable them to stand out from other organisations. Apple being one of the most well–known
brands will mean that customers will have high expectations on their products. Apple having
distinctive features on their mobile phones (IPhone) will enable them to have a competitive
advantage on their competitors. A competitive advantage is an advantage over competitors gained
by offering consumers greater value, either by means of lower prices or by providing greater
benefits and service that justifies higher prices. 1.2 Review the issues involved in strategic

My Business Essay
Personal Assessment:
After doing comprehensive research I come to the conclusion, that by opening a Restaurant with
Bosnian food would be very good business venture. By opening a restaurant with authentic
Bosnian food within the Bosnian community of fifty thousand people would be very profitable. In
a way risk free. My only concern is that this is my first time investing a large amount of money.
Bosnian Food is very unique. Most Bosnian people have very busy schedules and they don't have
time to cook. My restaurant would feature traditional Bosnian food and atmosphere to make people
feel as if they were in Bosnia. By opening this restaurant, families would be able to come to dine or
to take food home that would make them feel at home and...show more content...
This restaurants is located in the heart of the Bosnian community and other businesses.
Site Map
The location of my business would be in the Lincoln square area on the Northwest side of
Chicago. I would be renting the space. My restaurant is in a very good location and very
accessible. It is in center of the Lincoln Square area and is also very close to four major streets:
Lawrence Ave., Wilson Ave., Western Ave, and Lincoln Ave. and has public parking nearby for
customers. The Building in which I am planning to open my restaurant is very appealing. Building
was recently remodeled and has very good visibility. Next door to the restaurant is a old antique
store, gift shop and doctors office.
There is a no competition for my business at all. There are other restaurants in the area that offer
different kinds of food like American, Mexican, and German, but I am targeting the Bosnian
community and my restaurant would be the only traditional business in this area.
Legalities and Insurance
Business that I am planning to open it will be a service oriented business.
Legal form for my business will be Sole Partner Proprietorships. Sole Proprietorship has number of
advantages. As a Sole proprietorship you have

Business Management Essays
Business Management The world of business has undergone radical and dramatic changes in the last
decade changes that present extraordinary challenges for the contemporary manager. A manager is
an organizational member who is responsible for planning, organizing, leading, and controlling the
activities of the organization so that the goals can be achieved. According to a widely referenced
study by Henry Mintzberg, managers serve three primary roles: interpersonal, informational, and
decision–making. Management is process of administrating and coordinating resources effectively
and efficiently in an effort to achieve the goals of the organization. The concept of management
within an organization typically occurs in an...show more content...
Controlling is monitoring the performance of the organization, identifying deviations between
planned and actual results, and taking corrective action when necessary. With all these four
functions that are involved in the process of management, if all are followed correctly the
organization will be properly ran and will have few complications. In every organization there are
managers, and every manager is classed on different levels in terms of the skills they need and the
activities they are involved in. Managers exist at various levels in the organization hierarchy. A
small organization may have one layer of management, where as a large organization may have
several. In most organizations there are three level of managers. The three level of managers are,
first line manager, middle manager, and finally the top–level manager. Managers at different job
levels have different job responsibilities and therefor require different skills. First–line managers
supervise the individuals who are directly responsible for producing the organization's product or
delivering its service. They carry titles such as production supervisor, line manager, section chief, or
account manager. First–line managers along with all the other managers are involved in three skills
conceptual, human, and technical. In each three different levels of management, each one of these

The Importance of a Business Plan Essay
When it comes to starting a business it is important to have Business Plan. The value of a business
plan is important in the startup of an organization. The value of proper business plan in an
organization can determine if the organization will withstand over of time or for years to come for
that matter. In implementing a proper business plan, proper planning in it self is important and
valuable to the process.
Planning helps in ensuring that the organization can withstand and remain as an essential asset to
the needs of the community and helps in providing an impact on the city tax base. A valuable
business plan can also allow the company to look at ahead at its projected profits and loss to be
able to give their shareholders the return...show more content...
Short–range planning is for the company to have goals that will be rewarding and easy to obtain.
Long–range planning for the most part seems to be more difficult to adjust and is often times less
rewarding. When external environments are frequently changing management with staff need to ask
how to develop plan of actions that will remain relevant. Planning should be no less important in
such a forever evolving environment it needs to be more important.
Businesses that operate to just make profit normally operate without ethics. When a business is
not held to standards of accountability it would be as to have another Enron or a Bernie Maddoff
situation. Sociologist Raymond Baumhart wanted to know from business people what ethics
meant to them and some of the replies were "Ethics has to do with what my feelings tell me is
right or wrong." "Ethics has to do with my religious beliefs." "Being ethical is doing what the law
requires." "Ethics consists of the standards of behavior our society accepts."
Lack of proper marketing in a business is one of the main reasons a lot of businesses have not
succeeded. Strategy planning determines whether one will live or die or whether they fail or
succeed. Marketing strategy is a process that should allow any organization or business to focus its
limited funds or resources on

Essay on International Business
Today's world of rapid increase in and expansion of technology is the reasons for recent International
Business growth. The rapid growth in international business makes an understanding of
organizational behavior all the more important for contemporary managers. Businesses have
expanded internationally to increase their market share, as the domestic markets were too small to
sustain growth. Business transactions are also becoming increasing blurred across national
boundaries.
Companies engage in international business to expand sales, acquire resources, diversify their
sources of sales and supplies, and minimize competitive risk. When operating abroad, companies
may have to adjust their usual methods of carrying on business. This is...show more content...
When dealing with international finance, risk is calculated in many different areas. Here, I will
discuss the financial risks associated with international business, with an emphasis on the risk of
foreign exchange rates. Country Risk When a business decides to become an international trader, one
type of risk that must be examined is the country risk. When a company accepts or approves credit to
a foreign customer, they are not only assuming the foreign company's risk, but also the country's risk.
Country risk analysis means determining the country credit–worthiness. In terms of the ability and
willingness of a foreign government to make available to local companies foreign exchange
necessary to service their foreign currency denominated obligations or debts to foreign suppliers.
(www.bcfm.com/financial_manager/szabo%20internationalfm98.htm)
Mitigation of Country Risk
One way a company can help to mitigate country risk is by fully researching the foreign country
they wish to do business with. This is accomplished by conducting a country risk assessment. This
assessment takes into consideration the probability of credit loss or delayed payment, and uses the
results to determine if the corporation will extend credit with the foreign business. Foreign
Exchange Risks Foreign exchange risks are often the result of country risks. Foreign exchange risks
can be defined as the ability and willingness of the

An Introduction to Business Essay
An Introduction to Business
Business plays a major role within our society. It is a creative and competitive activity that
continuously contributes to the shaping of our society. By satisfying the needs and wants people
cannot satisfy themselves, businesses improve the quality of life for people and create a higher
standard of living.
It is a way for individuals to provide goods and services to consumers, and at the same time, produce
a profit for themselves. Businesses are not only important because they provide goods and services
for consumers, but they also improve the economy and increase jobs for people within society
which is an additional fact producing a higher standard of living. To measure our societies standard of
...show more content...
International trade deficits occur when a nation imports more then it exports. The Decline of
Smokestack America is when there is a change from an industrial to a post–industrial economy.
Finally, the conservation of energy is so that there are a sufficient amount of natural resources
necessary to produce goods. General economic growth or stagnation also has an important influence
on business within our society. Many factors can affect it's condition, such as war, new inventions
and technology, political assassinations, the discovery of physical and natural resources, labor
negotiations, government action, and many others. When the economy is strong and the demand is
high, businesses can prosper. Regardless of how great the economy may become, businesses still
must compete with other firms for scarce raw materials and labor.
A businesses environment creates many opportunities as well as problems for prospering businesses.
The environment determines what a business can do by shaping and channeling its development.
Businesses function within an environment by allowing entrepreneurs to raise capital and create
profits freely. The supply of money available within a business as well as the economic stability
through times of growth and recession have strong effects on businesses. Not only is the physical
environment, including natural resources, pollution and energy as discussed previously, important,
but many other

The Success Of A Business Venture Essay
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Introduction
When studied theoretically, entrepreneurship is a very interesting and awesome topic. People want
to be free by becoming their own bosses. They also want to decide on their own working schedules
by setting the hours they want to work, from what location, i.e. whether at home or at office and do
the one thing that makes them feel accomplished. However, being an entrepreneur is not an easy job
as many of may want to assume. In fact, it could be the most stressful job that a person can engage
in. It is quite a challenge to see an opportunity, risky, as it may be, decide to take the risk by making
a capital investment hoping to successfully run the business and get good returns. Running a
business venture may not be as exciting as it may seem. As much as there is potential for success, so
is the potential for failure and therefore patience is a requirement in entrepreneurship. Many
successful entrepreneurs will tell you that they had to overcome a lot of turbulence in their business
resulting from instances of persistent loss making and profitmaking. To understand the scope of the
issues surrounding entrepreneurship, I focus on an interview with Joel Apfelbaum, the Co–founder
and CEO of Ajax Union, an online marketing platform that focuses on small and midsize business
ventures seeking to increase their exposure online. Ajax Union

Essay On Business Opportunities
Business opportunities
Sri Lanka has immense economic opportunity for aspiring entrepreneurs. The route that I would
personally take if I lived in this country would be the venture into the Information technology
industry. Sri Lanka is a developing country and with that IT can be a promising venture for any
entrepreneur. According to the CIA, only 32.1% of the population are internet users and this could
convey a possible business opportunity to inspiring entrepreneurs. A business startup that targets this
market could bring immense value. The allocation of resources to achieve this could be a
troublesome matter, but it could be done with hard work. There is competition in this industry, but
an entrepreneur could set themselves apart from...show more content...
The primary reason behind this would be the lack of funds by the Sri Lanka government to contract
with private companies to further this network. Sri Lanka does have one of the fastest economies in
the world currently, so it can be predicted that with this constant growth it will translate into further
investment into the roads in the country. Currently Sri Lanka has a total amount of 114,093 km of
unpaved roads. It will be a great opportunity to get into this industry with the constant growth of the
economy and be able to compete with the current companies in the industry. The major hurdle for
the start of the business would be the funds to start an asphalt plant, but this could be countered with
a business loan. The Sri Lanka government does not offer loans to starting business like the SBA
does in the USA, however this could be achieved through a bank in the country. With the experience
that I have in this industry, it would take roughly 1m USD or 153589777.06 Sri Lankan Rupee to get
a plant up and running. While this is a significant amount to everyday people this would be the only
route to the start of the business entity. Competition wouldn't be too fierce in this industry with the
inability for the companies to meet the demand needed when the funds become available. The
toughest part for an inspiring entrepreneur world for their business to gain the reputation in the
industry. Credibility would have to be

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