1) The document discusses understanding entrepreneurship and small business. It covers topics like what defines a small business, entrepreneurial characteristics, trends in small business success and failure, starting and financing a small business, and franchising.
2) It defines entrepreneurship and distinguishes it from small business ownership, and identifies characteristics of entrepreneurs.
3) Reasons for small business success and failure are explored, including factors like management, capital, market demand, and luck.
4) Starting a small business involves commitment, choosing a product/service, and self-assessment. Financing options and sources of advice are also reviewed.
TOD-transportation and mobility issues
(Amman BRT analysis) , the presentation shows a fast analysis for Amman BRT referred to the data was been published on press website generally, and the the "express bus" pdf done by GAM specifically .
AIS is a system that collects, records, stores, and processes financial data to produce report as an information for decision makers.
It can:
Use advanced technology (computer), or
Be a simple paper-and-pencil system; or
Be something in between.
Technology is simply a tool to create, maintain, or improve a system.
Business process management (BPM) is the discipline of improving a business process from end to end by analyzing it, modelling how it works in different scenarios, executing improvements, monitoring the improved process and continually optimizing it.
TOD-transportation and mobility issues
(Amman BRT analysis) , the presentation shows a fast analysis for Amman BRT referred to the data was been published on press website generally, and the the "express bus" pdf done by GAM specifically .
AIS is a system that collects, records, stores, and processes financial data to produce report as an information for decision makers.
It can:
Use advanced technology (computer), or
Be a simple paper-and-pencil system; or
Be something in between.
Technology is simply a tool to create, maintain, or improve a system.
Business process management (BPM) is the discipline of improving a business process from end to end by analyzing it, modelling how it works in different scenarios, executing improvements, monitoring the improved process and continually optimizing it.
An evaluation and analysis of the potential of the proposed project that is based on extensive investigations and research to give full comfort making decisions based on the study
by: lecturer Abd ElRahman J. AlFar
Al-Azhar University of Gaza
LH Ismail (2007). An evaluation of bioclimatic high rise office buildings in a tropical climate: energy consumption and users' satisfaction in selected office buildings in Malaysia. PhD Thesis, University of Liverpool, United Kingdom.
Profits are no longer contradictory with social upliftment. Making organizations that are self-sustainable and still impacting the society through a bottom-up approach is absolutely possible.
Learn some successful examples of social entrepreneurs in India and how they are impacting the society. Also, discover what it takes to be a social entrepreneur.
Hsu, L., & Jang, S. (2009), Effects of Restaurant Franchising: Does an optima...Suh-hee Choi
This is the presentation file I created for an HTM 681 class discussion.
The contents are based on an Li-Tzang (Jane) Hsu and SooCheong (Shawn) Jang's article, Effects of Restaurant Franchising: Does an optimal franchise proportion exist?
in International Journal of Hospitality Management Volume 28, Issue 2, June 2009, Pages 204-211.
An evaluation and analysis of the potential of the proposed project that is based on extensive investigations and research to give full comfort making decisions based on the study
by: lecturer Abd ElRahman J. AlFar
Al-Azhar University of Gaza
LH Ismail (2007). An evaluation of bioclimatic high rise office buildings in a tropical climate: energy consumption and users' satisfaction in selected office buildings in Malaysia. PhD Thesis, University of Liverpool, United Kingdom.
Profits are no longer contradictory with social upliftment. Making organizations that are self-sustainable and still impacting the society through a bottom-up approach is absolutely possible.
Learn some successful examples of social entrepreneurs in India and how they are impacting the society. Also, discover what it takes to be a social entrepreneur.
Hsu, L., & Jang, S. (2009), Effects of Restaurant Franchising: Does an optima...Suh-hee Choi
This is the presentation file I created for an HTM 681 class discussion.
The contents are based on an Li-Tzang (Jane) Hsu and SooCheong (Shawn) Jang's article, Effects of Restaurant Franchising: Does an optimal franchise proportion exist?
in International Journal of Hospitality Management Volume 28, Issue 2, June 2009, Pages 204-211.
6 Reasons Your Small Business Will Fail (and How to Avoid Them)Palo Alto Software
According to Small Business Administration research, only half of new businesses survive for the first five years and only one-third of new businesses are able to survive for 10 years. The inverse is compelling as we can conclude that if only 50% of new businesses survive for the first five years, then the other 50% fail in the first five years. We can also conclude that about 65% of new businesses don’t make it to the ten-year mark.
Forbes reports an even more grim statistic, based on Bloomberg research, that of every 10 businesses, eight fail within the first 18 months. What are the reasons businesses fail to thrive, given a 50/50 chance of survival and assuming a product or service for which there’s a demand? Let’s discuss six reasons businesses fail and some ways you can avoid business failure.
Part One of Entrepreneurship Lecture Notes on Students Enterprise Club at www.studentsenterpriseclub.com.
This is a Study guide for intending Entrepreneurs.
Entrepreneurship, introduction to entrepreneurship, definition of entrepreneu...Jorge Saguinsin
Introduction to basics of Entrepreneurship covers topics such as social entrepreneurship, business entrepreneurship and various masteries needed. The subject matter covers examples from the Philippines. This a compilation of various learnings from various references. These slides are lectures at Agsb entrepreneurship elective and have been uploaded for the access and convenience of present and past students of the said elective
Addressing some of the early questions that entrepreneurs must ask themselves before beginning on their journey:
* What are your goals for your enterprise? (Business, nonprofit, social enterprise)
* Will your business be focussed on profit? Social benefit? Will it be a consulting practice? A service company? A product company?
* What are the different requirements and resources necessary for your selected enterprise model?
* What type of financing should you target: equity, debt, grant funding or a combination of all three?
This is the lecture that establishes the framework for the rest of the course and gets entrepreneurs on their way!
Part of the CIBC Presents Entrepreneurship 101 lecture series: http://www.marsdd.com/ent101
Entrepreneurship and Small Business Management-by Tausif Mulla.docxkhanpaulita
Entrepreneurship and Small Business Management
-by Tausif Mulla
1
Learning Outcome 01:
Explore and illustrate the range of venture types that might be considered entrepreneurial
Learning Outcome 02:
Assess the impact of small business on the economy
Learning Outcome 03:
Determine and assess the key aspects of an entrepreneurial mindset.
Learning Outcome 04:
Examine the different environments that foster or hinder entrepreneurship
2
Concept of Entrepreneur
Who is an 'Entrepreneur‘?
An entrepreneur is an individual who, rather than working as an employee, runs his/her own business and assumes all the risks and rewards of a given business venture.
Entrepreneurship is the propensity of the mind to take calculated risks with confidence to achieve a pre determined business or industrial objective.
It is the risk taking ability of an individual coupled with correct decision making.
3
Who is your favorite entrepreneur?
Concept of Entrepreneurship
4
https://www.youtube.com/watch?v=VkQw4NQk2YE
5
Motivation
Passion
Creativity and Persuasiveness
Versatility
Superb Business Skills
Risk Tolerance
Drive
Vision
Flexibility and Open-Mindedness
Authoritativeness
Characteristics of an Entrepreneur
Source: https://www.monster.com/career-advice/article/entrepreneur-traits
6
https://www.youtube.com/watch?v=s7N-9E_e-wk
7
8
Activity
Search for famous entrepreneurs and briefly talk about their ventures
9
Hardworking
Energetic
Resourceful
Visualizes change (ex: Chromebooks by Sundar Pichai)
Planner and believes in systematic work
Motivation towards achievement
Creative
Clarity
Confidence
Dreamer
Instinct
Qualities of Entrepreneurs
10
Joseph A Schumpeter view’s
The Entrepreneur is an individual who introduces something new in the economy-
A method of production not yet tested by experience in the branch of manufacturing.
A product which the consumers are not yet familiar (Ex: Tesla solar roof tiles)
A new source of raw material (Ex: New processor for mobiles)
New market (Ex: Tata Nano in European market)
11
Peter Drucker’s views
Entrepreneurs are innovators.
Entrepreneur is one who always searches for changes, responds to it as an opportunity. Ex: Mark Zuckerberg
Innovation is a specific tool of an entrepreneur hence an effective entrepreneur converts a source into a resource
12
Scope of Entrepreneurship
Perception of market opportunities (original or imitative).
Gaining command over scarce resources.
Marketing of the product and responding to competition.
Dealing with the public bureaucracy (concessions, licenses, taxes).
Management of human relations within the firm.
Management of customer and supplier relations.
Financial management.
Production management records, supervision, coordinating input flows with orders, maintenance.
Acquiring and overseeing assembly of the factory.
Industrial engineering (minimizing inputs with a given production process).
Upgrading processes and product q.
Entrepreneurship and Small Business Management-by Tausif Mullacullenrjzsme
Entrepreneurship and Small Business Management
-by Tausif Mulla
1
Learning Outcome 01:
Explore and illustrate the range of venture types that might be considered entrepreneurial
Learning Outcome 02:
Assess the impact of small business on the economy
Learning Outcome 03:
Determine and assess the key aspects of an entrepreneurial mindset.
Learning Outcome 04:
Examine the different environments that foster or hinder entrepreneurship
2
Concept of Entrepreneur
Who is an 'Entrepreneur‘?
An entrepreneur is an individual who, rather than working as an employee, runs his/her own business and assumes all the risks and rewards of a given business venture.
Entrepreneurship is the propensity of the mind to take calculated risks with confidence to achieve a pre determined business or industrial objective.
It is the risk taking ability of an individual coupled with correct decision making.
3
Who is your favorite entrepreneur?
Concept of Entrepreneurship
4
https://www.youtube.com/watch?v=VkQw4NQk2YE
5
Motivation
Passion
Creativity and Persuasiveness
Versatility
Superb Business Skills
Risk Tolerance
Drive
Vision
Flexibility and Open-Mindedness
Authoritativeness
Characteristics of an Entrepreneur
Source: https://www.monster.com/career-advice/article/entrepreneur-traits
6
https://www.youtube.com/watch?v=s7N-9E_e-wk
7
8
Activity
Search for famous entrepreneurs and briefly talk about their ventures
9
Hardworking
Energetic
Resourceful
Visualizes change (ex: Chromebooks by Sundar Pichai)
Planner and believes in systematic work
Motivation towards achievement
Creative
Clarity
Confidence
Dreamer
Instinct
Qualities of Entrepreneurs
10
Joseph A Schumpeter view’s
The Entrepreneur is an individual who introduces something new in the economy-
A method of production not yet tested by experience in the branch of manufacturing.
A product which the consumers are not yet familiar (Ex: Tesla solar roof tiles)
A new source of raw material (Ex: New processor for mobiles)
New market (Ex: Tata Nano in European market)
11
Peter Drucker’s views
Entrepreneurs are innovators.
Entrepreneur is one who always searches for changes, responds to it as an opportunity. Ex: Mark Zuckerberg
Innovation is a specific tool of an entrepreneur hence an effective entrepreneur converts a source into a resource
12
Scope of Entrepreneurship
Perception of market opportunities (original or imitative).
Gaining command over scarce resources.
Marketing of the product and responding to competition.
Dealing with the public bureaucracy (concessions, licenses, taxes).
Management of human relations within the firm.
Management of customer and supplier relations.
Financial management.
Production management records, supervision, coordinating input flows with orders, maintenance.
Acquiring and overseeing assembly of the factory.
Industrial engineering (minimizing inputs with a given production process).
Upgrading processes and product q ...
This Thought Leadership Paper explores how Small and Large companies might work together more effectively by setting out what each side needs to understand about the other. It seeks to communicate what makes a successful collaboration
The Great India Startup Business Development Conference & Show; A National Convention for Startup Business & Entrepreneurship Bangalore April 20, 13 To register: www.thegreatindiashow.net/register
Duas help us a lot to bring inside out self improvement. Select your dua and bring it to your daily live. It will help you to reinforce your intentions and then will bring your actions accordingly.
Taurus Zodiac Sign_ Personality Traits and Sign Dates.pptxmy Pandit
Explore the world of the Taurus zodiac sign. Learn about their stability, determination, and appreciation for beauty. Discover how Taureans' grounded nature and hardworking mindset define their unique personality.
What is the TDS Return Filing Due Date for FY 2024-25.pdfseoforlegalpillers
It is crucial for the taxpayers to understand about the TDS Return Filing Due Date, so that they can fulfill your TDS obligations efficiently. Taxpayers can avoid penalties by sticking to the deadlines and by accurate filing of TDS. Timely filing of TDS will make sure about the availability of tax credits. You can also seek the professional guidance of experts like Legal Pillers for timely filing of the TDS Return.
Unveiling the Secrets How Does Generative AI Work.pdfSam H
At its core, generative artificial intelligence relies on the concept of generative models, which serve as engines that churn out entirely new data resembling their training data. It is like a sculptor who has studied so many forms found in nature and then uses this knowledge to create sculptures from his imagination that have never been seen before anywhere else. If taken to cyberspace, gans work almost the same way.
Memorandum Of Association Constitution of Company.pptseri bangash
www.seribangash.com
A Memorandum of Association (MOA) is a legal document that outlines the fundamental principles and objectives upon which a company operates. It serves as the company's charter or constitution and defines the scope of its activities. Here's a detailed note on the MOA:
Contents of Memorandum of Association:
Name Clause: This clause states the name of the company, which should end with words like "Limited" or "Ltd." for a public limited company and "Private Limited" or "Pvt. Ltd." for a private limited company.
https://seribangash.com/article-of-association-is-legal-doc-of-company/
Registered Office Clause: It specifies the location where the company's registered office is situated. This office is where all official communications and notices are sent.
Objective Clause: This clause delineates the main objectives for which the company is formed. It's important to define these objectives clearly, as the company cannot undertake activities beyond those mentioned in this clause.
www.seribangash.com
Liability Clause: It outlines the extent of liability of the company's members. In the case of companies limited by shares, the liability of members is limited to the amount unpaid on their shares. For companies limited by guarantee, members' liability is limited to the amount they undertake to contribute if the company is wound up.
https://seribangash.com/promotors-is-person-conceived-formation-company/
Capital Clause: This clause specifies the authorized capital of the company, i.e., the maximum amount of share capital the company is authorized to issue. It also mentions the division of this capital into shares and their respective nominal value.
Association Clause: It simply states that the subscribers wish to form a company and agree to become members of it, in accordance with the terms of the MOA.
Importance of Memorandum of Association:
Legal Requirement: The MOA is a legal requirement for the formation of a company. It must be filed with the Registrar of Companies during the incorporation process.
Constitutional Document: It serves as the company's constitutional document, defining its scope, powers, and limitations.
Protection of Members: It protects the interests of the company's members by clearly defining the objectives and limiting their liability.
External Communication: It provides clarity to external parties, such as investors, creditors, and regulatory authorities, regarding the company's objectives and powers.
https://seribangash.com/difference-public-and-private-company-law/
Binding Authority: The company and its members are bound by the provisions of the MOA. Any action taken beyond its scope may be considered ultra vires (beyond the powers) of the company and therefore void.
Amendment of MOA:
While the MOA lays down the company's fundamental principles, it is not entirely immutable. It can be amended, but only under specific circumstances and in compliance with legal procedures. Amendments typically require shareholder
Improving profitability for small businessBen Wann
In this comprehensive presentation, we will explore strategies and practical tips for enhancing profitability in small businesses. Tailored to meet the unique challenges faced by small enterprises, this session covers various aspects that directly impact the bottom line. Attendees will learn how to optimize operational efficiency, manage expenses, and increase revenue through innovative marketing and customer engagement techniques.
Premium MEAN Stack Development Solutions for Modern BusinessesSynapseIndia
Stay ahead of the curve with our premium MEAN Stack Development Solutions. Our expert developers utilize MongoDB, Express.js, AngularJS, and Node.js to create modern and responsive web applications. Trust us for cutting-edge solutions that drive your business growth and success.
Know more: https://www.synapseindia.com/technology/mean-stack-development-company.html
Explore our most comprehensive guide on lookback analysis at SafePaaS, covering access governance and how it can transform modern ERP audits. Browse now!
Falcon stands out as a top-tier P2P Invoice Discounting platform in India, bridging esteemed blue-chip companies and eager investors. Our goal is to transform the investment landscape in India by establishing a comprehensive destination for borrowers and investors with diverse profiles and needs, all while minimizing risk. What sets Falcon apart is the elimination of intermediaries such as commercial banks and depository institutions, allowing investors to enjoy higher yields.
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3.0 Project 2_ Developing My Brand Identity Kit.pptxtanyjahb
A personal brand exploration presentation summarizes an individual's unique qualities and goals, covering strengths, values, passions, and target audience. It helps individuals understand what makes them stand out, their desired image, and how they aim to achieve it.
1. Chapter 7
Understanding Entrepreneurship
and Small Business
http://www.slideshare.net/Subjectmaterial
2. Sr. Chapter Chapter Heading
No.No.
1. 3 Understanding the Global context of business (031012)
2. 4 Conducting Business Ethically and Responsibly (250212)
3. 6 Organizing the Business Enterprise (030312)
4. 7 Understanding Entrepreneurship and Small Business (100312)
5. 8 Managing Human Resources
6. 9 Understanding Employee Motivating, Satisfying and Leadership
7. 11 Understanding Marketing Processes and Consumer Behavior
8. 16 Managing Quality and Productivity
9. 17 Managing Information Systems and Communication Technology
10. 19 Understanding Money and Banking
11. 20 Intermediate Term and Lease Financing
3. Next class Quiz
Two groups
1. established entrepreneurs
What they did
Why did they stall
How could they improve
2. emerging entrepreneurs
story
What to do next
3
5. Marks Distribution
50 Terminal Examination
20 Mid Term Examination
15 Quizzes
15 Final Assignment
5
6. 1. WHAT IS SMALL BUSINESS
2. ENTREPRENEURSHIP
3. SUCCESS AND FAILURE IN SMALL
BUSINESS
4. STARTING AND OPERATING THE SMALL
BUSINESS
5. FRANCHISING
7. 1. WHAT IS SMALL BUSINESS
• The importance of small business in the economy
• Popular forms of small business enterprise
2. ENTREPRENEURSHIP
• The distinction between entrepreneurship and small
business
• Entrepreneurial characteristics
3. SUCCESS AND FAILURE IN SMALL BUSINESS
• Trends in small business start-Ups
• Reasons for failures
• Reasons for success
4. STARTING AND OPERATING THE SMALL BUSINESS
• Financing the small business
• Sources of management advice
5. FRANCHISING
• Advantages and Disadvantages of Franchising
8. What Is “Small Business”?
Independently owned and
managed business that
does not dominate its
market
9. The importance of Small business
in Economy
Job Creation
Innovation
Importance to Big Businesses
10. Popular Forms of Small-Business
Enterprise
Services
Manufacturing
5%
Finance &
Retailing Insurance Other
Construction 10% 1.7%
Financial Wholesale
8%
Insurance
Wholesaling
Transportation
Manufacturing
Construction Services
Retailing 37.6%
10%
22.7%
Transportation
5%
11. 2. ENTREPRENEURSHIP
Entrepreneurship is the act of being an
entrepreneur
An entrepreneur can be defined as a
businessperson who accepts the risks and
opportunities of creating, operating and
growing a new business
Small Business Owner does not have plans
for growth
11
12. Entrepreneurial Characteristics
Entrepreneurs are …
Founders of businesses that become large-scale
enterprises.
People who:
Buy a local franchise outlet
Open a small retail shop
Operate a self-employed service business
People who introduce a new product or
operational change in an existing organization
12
13. Entrepreneurial Characteristics
Small Business Founder True Entrepreneur
HE: HE:
Boss Leader
Lone Ranger Networker
Secretive Open
Self-reliant Inquisitive
Seat-of-the-pants Letter of the business plan
Snap decisions Consensus decision
Male ownership Mixed Ownership
Knows the Trade Knows the business
Automation: Technology lets Innovation: Technology lets people
business automate the work that do things that they’ve never done
people had always done before
13
15. Trends in Small Business Start-ups
Emergence of
E-commerce
Entrepreneurs who
crossover from
Big Business
Increased opportunities for
Minorities & Women
Global
Opportunities
Increased
Survival Rates
16. Reasons for Success and
Failure
Reasons for Failure
Poor management
Neglect
Weak control systems Reasons for Success
Insufficient capital Hard work, drive,
dedication
Market demand
Strong management
Luck!!!
18. Starting the Small Business
First: The entrepreneurs commitment
towards business
Second:Choosing the goods and services,
evaluating the chosen industry and market
Third: Assessment of one’s own skills
18
19. How to start the small
business
1. Buying an existing business
2. Starting from Scratch
19
21. Financing the Small Business
Personal resources
Loans
Venture capital companies
Small-business investment companies
Small Business Association (SBA)
Financial aid and management advice
Advisory boards, management consultatnts,
the SBA, and networking
22. DEFINITIONS:
Business plan:
document that tells potential lenders why money is needed,
how it will be used, and when it will be repaid
Venture Capital company:
Group of small investors that invest money in companies with
rapid growth potential
Management consultant:
Independent outside specialist hired to help managers to solve
business problems
Networking:
Interconnections among business people for the purpose of
discussing mutual problems and opportunities and perhaps
pooling resources
23. 5. FRANCHISING
Franchise is an arrangement in which a
buyer (franchisee) purchases the right
to sell the good or service of the seller
(Franchiser)
23
24. FRANCHISING
An Ownership Opportunity
Advantages Disadvantages
Proven business Start-up costs
opportunity On-going
Access to payments
management Management
expertise rules and
restrictions