Ryan higher business management
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The document discusses entrepreneurs and their roles in business. It provides examples of famous entrepreneurs like Richard Branson, Lord Alan Sugar, Steve Jobs, and Mark Zuckerberg. An entrepreneur combines factors of production, takes risks in new business ventures or ideas, and is responsible for outcomes. Key traits of successful entrepreneurs include courage, business knowledge, willingness to take risks, and seeing opportunities to expand. The entrepreneur's roles are coming up with the business idea, funding the startup, taking risks in the venture, and ensuring resources are in place for operations.
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Management team of kraig biocraft laboratories
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116 PART 2 Planning6 chapter Entrepreneurship .docx
116 PART 2 | Planning
6
chapter
Entrepreneurship
After studying Chapter 6, you will be
able to
LO1 Describe why people become
entrepreneurs and what it takes,
personally.
LO2 Summarize how to assess
opportunities to start new
businesses.
LO3 Identify common causes of
success and failure.
LO4 Discuss common management
challenges.
LO5 Explain how to increase your
chances of success, including
good business planning.
LO6 Describe how managers of
large companies can foster
entrepreneurship.
Learning Objectives
bat62597_ch06_116-139.indd 116bat62597_ch06_116-139.indd 116 30/09/14 3:43 pm30/09/14 3:43 pm
Final PDF to printer
117
S ome extraordinary individuals have founded companies that have become famously
successful: 1
• Bill Gates and Paul Allen started Microsoft.
• Oprah Winfrey founded Harpo Productions.
• Steve Jobs and Steve Wozniak created Apple Computer.
• Mary Kay Ash established Mary Kay.
• N. R. Narayana Murthy founded Infosys.
• Martha Stewart started Martha Stewart Living Omnimedia.
• Larry Page and Sergey Brin founded Google.
• Estée Lauder created her namesake company.
• Elon Musk founded Tesla Motors and Space X.
• Mark Zuckerberg started Facebook.
• Vera Wang founded her namesake firm.
services, publishing, and retail-
ing. Today the Virgin empire
has nearly 50,000 employees in
50 countries, and Branson has a
mind-boggling net worth of more
than $5 billion. In 1999 he was
knighted by Queen Elizabeth.
5
Entrepreneurs differ from
managers generally. An entre-
preneur is a manager but engages
in additional activities that not
all managers do.
6
Traditionally,
managers operate in a formal
management hierarchy with
well-defined authority and responsibility. In contrast, entrepre-
neurs use networks of contacts more than formal authority. And
although managers usually prefer to own assets, entrepreneurs
often rent or use assets on a temporary basis. Some say that man-
agers often are slower to act and tend to avoid risk, whereas entre-
preneurs are quicker to act and actively manage risk.
An entrepreneur’s organization may be small, but it differs
from a typical small business:
7
• A small business has fewer than 100 employees, is independently
owned and operated, is not dominant in its field, and is not charac-
terized by many innovative practices. Small business owners tend
not to manage particularly aggressively, and they expect normal,
moderate sales, profits, and growth.
entrepreneurship
the process by which
enterprising individuals
initiate, manage, and
assume the risks and
rewards associated with
a business venture
small business
a business having fewer
than 100 employees,
independently owned and
operated, not dominant
in its field, and not
characterized by many
innovative ...
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1. The document discusses various topics related to entrepreneurship and small business ownership including notable entrepreneurs, reasons for becoming an entrepreneur, what it takes to be a successful entrepreneur, and common business functions and challenges.
2. It provides statistics on small businesses, noting they make up over 50% of GDP and generate 60-80% of new jobs. Advantages of small businesses include more personal customer service and ability to respond quickly to opportunities.
3. The document discusses sources of funding for small businesses including personal savings, relatives, banks, government programs, and angel investors.
Richard Branson leadership style
Richard Branson is the founder of Virgin Group, which contains around 300 companies with over $25 billion in revenue. He dropped out of school at age 16 and began his entrepreneurial career by starting Student Magazine and Virgin Records. Throughout his career, Branson launched many successful companies in various industries like airlines, music, mobile phones and more. He displayed an unconventional leadership style focused on innovation, taking risks, and having fun in business. Branson also pursued many personal adventures like crossing the Atlantic Ocean in a hot air balloon.
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China's woooo
China has a population of over 1.3 billion people and its capital is Beijing. The economy is the second largest in the world behind the US, with a GDP over $4.9 trillion. While unemployment has decreased in recent years, wages remain quite low at an average of $140 per month. Life expectancy has also increased over time for citizens of China.
Rebecca entrepreneurs
An entrepreneur is an owner or manager of a business who takes on financial risk to launch new ventures. Some key entrepreneurs mentioned in the document include Sir Stelios Haji-Ioannou, who founded the low-cost airline EasyJet and other travel businesses; Eugene Schueller, who founded the cosmetics company L'Oréal; Estée Lauder, who built a cosmetics empire starting from selling creams from her uncle's hardware store; and J.K. Rowling, who became a billionaire author from her hugely successful Harry Potter book and film franchise.
Julie entrepreneurs finished
This document summarizes the careers and accomplishments of four famous entrepreneurs - Walt Disney, Coco Chanel, JK Rowling, and Dame Anita Roddick. It describes how Walt Disney started his career drawing and selling sketches as a child then went on to found Disney Brothers Studio and create hugely successful films. Coco Chanel started designing hats and opened her first boutique before creating the popular Chanel No. 5 perfume. JK Rowling wrote the best-selling Harry Potter series of books which broke sales records and were adapted into popular films. Dame Anita Roddick founded The Body Shop retail chain which sold natural skin care products internationally and made her a prominent businesswoman and environmental campaigner.
Nike emma and kyle
Nike is a major sportswear company founded in 1964 that designs and manufactures shoes, clothing, and equipment. In 2007, Nike's revenue totaled $16.3 billion. Nike produces a wide range of products including footwear like basketball and running shoes, apparel, equipment like balls and bats, and accessories. Nike sells its products through many retail stores worldwide as well as online.
Japan j.j.
Japan has a population of over 127 million people with Tokyo as its capital city. The main religions are Shintoism and Buddhism and Japan has a democratic government system. Japan has an extensive railway system passing through mountain tunnels and has the fastest internet speeds in the world at 60 megabits per second. The Japanese yen and British pound exchange rate and Japan's GDP, life expectancy, and population statistics are also provided.
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The document provides a country profile of the United States that includes sections on the government system, transport, communications, economy, unemployment, imports and exports, exchange rate, GDP, life expectancy, and poverty. It lists Washington D.C. as the capital city and notes that over 307 million people live in the United States, whose currency is the U.S. dollar. Christianity, Judaism, Islam, and several other religions are practiced in the country.
Ben and jerrys
Ben and Jerry's was founded in 1978 in Burlington, Vermont by Ben Cohen and Jerry Greenfield. They started by making ice cream and selling it from a renovated gas station. The ice cream became popular for its large chunks of ingredients and unusual flavors. While the business struggled initially, it grew successfully and now has over 750 stores worldwide, employing around 153,000 people. The company remains committed to its values of environmentalism and social justice.
Product heavan and hell
Ernő Rubik created the first prototype of the "Magic Cube" in 1974, which was renamed the Rubik's Cube when licensed to an American toy company in 1980. It became a global sensation, with one-fifth of the world's population estimated to have solved the puzzle at its peak popularity in the mid-1980s. With its bright colors, affordability, and difficulty level, the Rubik's Cube remains popular today.
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Report comparing and contrasting two entrepreneurs: Richard Branson vs. Elon ...
This document provides profiles of two prominent entrepreneurs, Richard Branson and Elon Musk. It compares their life journeys, approaches to business, and reasons for entrepreneurial success. Richard Branson was born into a wealthy family in the UK and struggled academically with dyslexia. He showed early entrepreneurial interests and founded Virgin Records as his first successful venture. Elon Musk also came from a wealthy background and excelled academically, selling his first software at age 12. Both took risks in their ventures but Branson cites risk-taking as key to his success while Musk claims his companies are "risk-free". The document analyzes their traits and effectiveness in managing risks.
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The document discusses the concept of entrepreneurship. It defines entrepreneurship as using one's abilities and skills to undertake innovative activities like introducing new products, using new production methods, opening new markets, or finding new sources of supply. Successful entrepreneurship requires taking risks in conditions of uncertainty. The document provides examples of successful entrepreneurs like Elon Musk, founder of SpaceX and Tesla, and Jeff Bezos, founder of Amazon, and discusses some of their achievements and challenges overcome.
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The document discusses six criteria that make a company great: 1) Owners have a clear vision and purpose, 2) The company contributes positively to its community, 3) It has close relationships with customers and suppliers, 4) Employees are highly valued, 5) The business model is sound and protects margins, and 6) Owners and leaders are passionate about the company's work. Additional factors that support these criteria include having leaders who know themselves and what they want from the business, being rooted in the local community, trusting employees over strict control, and leaders taking care of their own well-being.
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Watch the full video:
http://www.domainsherpa.com/rob-monster-epik-interview
As a degreed and lifelong student of economics, Rob Monster understands better than most the science of how wealth is produced, consumed and transferred. And he is making good use of that knowledge.
Monster’s successes are numerous, including the sale of his first company, GMI, a market research firm with revenue of $64 million and profits “north of $10 million,” and the development of Healthcare.com, a recently sold information and lead generation portal with revenue of $60 million. But not every venture of Monster’s has been a success, as you will hear about with Patents.com.
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116 PART 2 Planning6 chapter Entrepreneurship .docx
116 PART 2 | Planning
6
chapter
Entrepreneurship
After studying Chapter 6, you will be
able to
LO1 Describe why people become
entrepreneurs and what it takes,
personally.
LO2 Summarize how to assess
opportunities to start new
businesses.
LO3 Identify common causes of
success and failure.
LO4 Discuss common management
challenges.
LO5 Explain how to increase your
chances of success, including
good business planning.
LO6 Describe how managers of
large companies can foster
entrepreneurship.
Learning Objectives
bat62597_ch06_116-139.indd 116bat62597_ch06_116-139.indd 116 30/09/14 3:43 pm30/09/14 3:43 pm
Final PDF to printer
117
S ome extraordinary individuals have founded companies that have become famously
successful: 1
• Bill Gates and Paul Allen started Microsoft.
• Oprah Winfrey founded Harpo Productions.
• Steve Jobs and Steve Wozniak created Apple Computer.
• Mary Kay Ash established Mary Kay.
• N. R. Narayana Murthy founded Infosys.
• Martha Stewart started Martha Stewart Living Omnimedia.
• Larry Page and Sergey Brin founded Google.
• Estée Lauder created her namesake company.
• Elon Musk founded Tesla Motors and Space X.
• Mark Zuckerberg started Facebook.
• Vera Wang founded her namesake firm.
services, publishing, and retail-
ing. Today the Virgin empire
has nearly 50,000 employees in
50 countries, and Branson has a
mind-boggling net worth of more
than $5 billion. In 1999 he was
knighted by Queen Elizabeth.
5
Entrepreneurs differ from
managers generally. An entre-
preneur is a manager but engages
in additional activities that not
all managers do.
6
Traditionally,
managers operate in a formal
management hierarchy with
well-defined authority and responsibility. In contrast, entrepre-
neurs use networks of contacts more than formal authority. And
although managers usually prefer to own assets, entrepreneurs
often rent or use assets on a temporary basis. Some say that man-
agers often are slower to act and tend to avoid risk, whereas entre-
preneurs are quicker to act and actively manage risk.
An entrepreneur’s organization may be small, but it differs
from a typical small business:
7
• A small business has fewer than 100 employees, is independently
owned and operated, is not dominant in its field, and is not charac-
terized by many innovative practices. Small business owners tend
not to manage particularly aggressively, and they expect normal,
moderate sales, profits, and growth.
entrepreneurship
the process by which
enterprising individuals
initiate, manage, and
assume the risks and
rewards associated with
a business venture
small business
a business having fewer
than 100 employees,
independently owned and
operated, not dominant
in its field, and not
characterized by many
innovative ...
Best CEOs of America
Welsh Consultants publishes- Throughout the history of business, the failure or success of a company relies on many factors, not the least of which is the corporate savvy of the executive running the show. In recent times, many CEOs have come under fire for mismanagement of their corporations, while some have been applauded for successfully navigating a tough economy. With much controversy surrounding CEOs of today, the question stands: Who are the best American CEOs of all time? Assembling a panel of professors from the top business schools around the country, a survey was done on the records of CEOs who best created (or destroyed) value, innovation, while possessing the best (or worst) management skills. From this, they’ve formulated a list of the 20 Best American CEOs of all time. Here they are. Author, Founder- Manish P
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2. It provides statistics on small businesses, noting they make up over 50% of GDP and generate 60-80% of new jobs. Advantages of small businesses include more personal customer service and ability to respond quickly to opportunities.
3. The document discusses sources of funding for small businesses including personal savings, relatives, banks, government programs, and angel investors.
Richard Branson leadership style
Richard Branson is the founder of Virgin Group, which contains around 300 companies with over $25 billion in revenue. He dropped out of school at age 16 and began his entrepreneurial career by starting Student Magazine and Virgin Records. Throughout his career, Branson launched many successful companies in various industries like airlines, music, mobile phones and more. He displayed an unconventional leadership style focused on innovation, taking risks, and having fun in business. Branson also pursued many personal adventures like crossing the Atlantic Ocean in a hot air balloon.
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Product Heaven and Hell
New Coke was introduced to replace original Coke but was widely disliked by the public, forcing Coca-Cola to revert back to its original formula. Apple Maps was launched to replace Google Maps on iPhones but contained many errors and generated little revenue despite large investments, while the Nokia Lumia 900 was expected to sell well but its sales remained poor even after the price was dropped significantly with a contract.
Product Heaven and Hell
Trunki, a ride-on suitcase company, has sold over 1.8 million units across 97 countries since 2006 due to its popularity among parents. Beats by Dr. Dre, established in 2008, is a major global success through strategic partnerships and popularity worldwide. In the 1980s, Coca-Cola faced competition and replaced its classic cola with New Coke, but public outrage forced its quick relaunch of the original formula. McDonald's "Arch Deluxe" burger targeting sophisticated tastes failed because that demographic does not typically choose McDonald's.
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Operations involves ensuring the right resources are used to produce finished products. It includes purchasing, stock control, production, quality management, and distribution. Operations management aims to lower costs, improve quality, and increase customer satisfaction. There are three types of stock: raw materials, works in progress, and finished goods. Companies must balance holding too much versus too little stock. The document then discusses various operations management topics like purchasing, factors of production, production methods, quality, ethics, and distribution. Operations is influenced by internal factors like finance, labor, and technology, as well as external factors such as economic, political, social, technological, environmental, and competitive conditions.
National 5 Business Management 2.1 Marketing
Marketing involves identifying, anticipating, and satisfying customer needs profitably. It is not just about selling but understanding customers. There are various methods for researching customer needs including surveys, focus groups, and observation. The four Ps of marketing are product, price, place, and promotion. Firms must consider factors like competition, technology, and the economy that can impact marketing strategy.
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The document discusses the key stakeholders that influence businesses and the external factors that impact businesses. The main stakeholders mentioned are owners/shareholders, customers, managers, government, employees, and community. It also outlines some of the main external factors, or PESTEC analysis, that affect businesses, including political, economic, social, technological, environmental, and competitive factors. It provides examples of each type of factor and how they can influence business operations and success.
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A business is an organization that exists to satisfy needs and wants. A business produces goods or services to satisfy customer demand. There are three main sectors of the economy - private sector businesses that are driven by profit, public sector organizations run by the government, and third sector non-profit organizations. Businesses can differ in their size, objectives, ownership structure, and products/services offered. The key to business success is satisfying customer needs better than competitors.
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The document provides information about Peru, including that Lima is the capital, the currency is the Nuevo Sol, and key exports include copper, gold, and fish meal. It discusses Peru's history as the home of the Inca Empire, and notes that conquistadors like Francisco Pizarro helped the Spanish conquer the Incas and seize their gold. Famous people and places from Peru are also mentioned, such as Paddington Bear, beauty queen Mara, the tourist site of Machu Picchu, and the Amazon River that runs through the country.
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Panama was originally explored by Columbus in 1502 and Balboa in 1513. It joined Colombia after independence from Spain but attempted unsuccessfully to break away multiple times between 1850-1900. The US backed Panama's independence from Colombia in 1903 in order to build the Panama Canal. The Panama Canal connects the Atlantic and Pacific Oceans and was completed in 1914. Spanish is the main language and Roman Catholicism the dominant religion.
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Here are the answers to the quiz questions:
1. The word Mexico means many things over time in the Nahua language, including symbols and double meanings that are difficult to directly translate.
2. The legendary beast of Mexico is called the Chupacabra.
3. The capital of Mexico is Mexico City.
4. Basic Spanish greetings and responses:
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- Thank you - Gracias
- Yes - Sí
- No - No
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El documento describe un viaje a Costa Rica, incluyendo detalles sobre sus ciudades principales como San José, Puerto Limón y Saint Vincente, así como aspectos de su cultura como la religión católica, la historia colonial española y los principales cultivos de arroz y café. También menciona algunos lugares notables como el Parque Nacional Corcovado, el volcán Arenal y detalles sobre su himno nacional, población y vida silvestre.
Alana bible mail handling
The document outlines the process for handling incoming and outgoing mail at a business. Incoming mail is received through post, fax, or email and is sorted into categories before being opened and date stamped. Checks are recorded and items are bundled and sorted into departments. Outgoing mail is collected from departments, checked for signatures and enclosures, and sent via methods like Royal Mail, fax, or email.
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Mail received into a business can come through postal mail, fax, or email and must be sorted into categories, stamped with the date, and distributed to the correct departments. Outgoing mail is collected from departments, prepared with signatures and enclosures, addressed, weighed, and dispatched via postal mail, fax, or email. Special situations that may occur include incorrectly addressed mail, lost items, heavy packages, unexpected mail, or mail that smells.
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The document discusses various types and processes related to mail handling within a company. It describes incoming mail as mail coming into the company from outsiders, which needs to be carefully opened, date stamped, and sorted. Outgoing mail leaves the company for customers or suppliers and requires collecting, checking for signatures and enclosures, weighing, and dispatching. Internal mail is sent within the company by email, memo, or notes. The mail room uses equipment like a folding machine, photocopier, date stamp, and franking machine. A remittance book tracks any cheque enclosures. Potentially dangerous mail could have incorrect addresses, abnormal weight, unexpectedness, unknown senders, strange smells or sounds.
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This document outlines mail handling procedures for a business. It describes receiving mail through delivery, fax, or email and scanning or sorting it. It also details sending mail by stamping, weighing, and dispatching outgoing mail. Various mailroom equipment is listed like a folding machine, photocopier, and franking machine. Remittance procedures and identifying suspicious mail are also summarized.
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The document outlines the mail handling process for a business, including receiving incoming mail, sorting it into departments, preparing outgoing mail, and using various tools like a photocopier, date stamp, and franking machine. It also describes recording any payments received in envelopes in a remittance book and resolving any discrepancies with a supervisor.
Mail handling powerpoint elizabeth
The document discusses various factors related to mail handling in an organization. It covers how incoming mail from external sources and internal mail between branches are received and processed. It also outlines the steps for dealing with outgoing mail, including collecting, checking for enclosures and signatures, weighing, and dispatching mail. The document provides signs of potentially dangerous mail and the procedures for dealing with suspicious mail safely. It also lists common equipment found in a mail room, such as photocopiers, shredders, scales, and date stamps. Finally, it discusses electronic mail forms, using a remittance book to record payments, and types of visitors to a mail room.
Kayleigh cowley
The document describes the mail handling process for incoming and outgoing mail at a business. For incoming mail, it is sorted into categories, opened, date stamped, and sorted into departments. Outgoing mail is collected from departments, checked for signatures and enclosures, inserted into envelopes, weighed, franked, and dispatched. Various tools like a date stamp, letter opener, shredder, scales, and franking machine are used to process the mail. Remittances received in the mail are recorded and any discrepancies reported. Mail is checked if the address is incorrect, weight is abnormal, unexpected, sender cannot be identified, or if it smells.
Mail handling revision lauren
The document outlines the mail processing procedures for a business. It describes sorting incoming mail into categories, opening envelopes, stamping items with a date, recording checks in a remittances book, and sorting mail into departments. Outgoing mail procedures include collecting mail from departments, checking for signatures and enclosures, inserting mail into envelopes, weighing and franking the mail, and dispatching it. A remittances book is used to keep records of incoming and outgoing mail amounts for different countries over several years.
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Syllabus
Chapter-1
Introduction to objective, scope and outcome the subject
Chapter 2
Introduction: Scope and Specialization of Civil Engineering, Role of civil Engineer in Society, Impact of infrastructural development on economy of country.
Chapter 3
Surveying: Object Principles & Types of Surveying; Site Plans, Plans & Maps; Scales & Unit of different Measurements.
Linear Measurements: Instruments used. Linear Measurement by Tape, Ranging out Survey Lines and overcoming Obstructions; Measurements on sloping ground; Tape corrections, conventional symbols. Angular Measurements: Instruments used; Introduction to Compass Surveying, Bearings and Longitude & Latitude of a Line, Introduction to total station.
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Chapter 5
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Chapter 6
Environmental Engineering: Environmental Pollution, Environmental Acts and Regulations, Functional Concepts of Ecology, Basics of Species, Biodiversity, Ecosystem, Hydrological Cycle; Chemical Cycles: Carbon, Nitrogen & Phosphorus; Energy Flow in Ecosystems.
Water Pollution: Water Quality standards, Introduction to Treatment & Disposal of Waste Water. Reuse and Saving of Water, Rain Water Harvesting. Solid Waste Management: Classification of Solid Waste, Collection, Transportation and Disposal of Solid. Recycling of Solid Waste: Energy Recovery, Sanitary Landfill, On-Site Sanitation. Air & Noise Pollution: Primary and Secondary air pollutants, Harmful effects of Air Pollution, Control of Air Pollution. . Noise Pollution Harmful Effects of noise pollution, control of noise pollution, Global warming & Climate Change, Ozone depletion, Greenhouse effect
Text Books:
1. Palancharmy, Basic Civil Engineering, McGraw Hill publishers.
2. Satheesh Gopi, Basic Civil Engineering, Pearson Publishers.
3. Ketki Rangwala Dalal, Essentials of Civil Engineering, Charotar Publishing House.
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- 1. Higher Business Management Entrepreneur Task Ryan Bryceland
- 2. What is an entrepreneur? Ryan Bryceland An entrepreneur is someone who combines all other three factors of production: land, capital and labour. They are who has possession of a new enterprise, venture or idea and is accountable for the inherent risks and the outcome of a product.
- 3. Entrepreneurs and their Businesses Ryan Bryceland Richard Branson – Virgin. Lord Alan Sugar – Amstrad. Steve Jobs – Apple. Mark Zuckerberg – Facebook.
- 4. Richard Branson Ryan Bryceland Branson is owner of the franchise Virgin, whose business expansions stretch from skin cell centres to air travel to a record company. He started his business selling stolen goods from the trunk of his car and this eventually led him into buying a chain of record stores and from their the business expanded. He is now worth approximately £2.6bn.
- 5. Lord Alan Sugar Ryan Bryceland Sugar’s main business venture was the electronics company Amstrad. He also owns and has shares in other companies such as Amsair, Amsprop, Viglen Ltd and Amscreen as well as being chairman of Tottenham Hotspur from 1991-2001. Having sold his company Amstrad he is still worth approximately £770m.
- 6. Steve Jobs Ryan Bryceland Steve Jobs is the co-founder (along with Steve Wozniack) and chairman of electronic gadget company Apple. He also created the animation studio PIXAR before selling it to the Walt Disney Company and then becoming one the company’s directors. He created the Macintosh and Apple’s ventures now stretch to the iPod, iPhone and MacBook. He is worth around $8.3bn.
- 7. Mark Zuckerberg Ryan Bryceland Zuckerberg is an American computer programmer and internet entrepreneur. He and some of his classmates founded Facebook and he is now the CEO of the company. He is worth approximately $13.8bn.
- 8. Skills & Traits of an Entrepreneur Ryan Bryceland Entrepreneurs have to be willing to take the risk that their business will make the money back that they have used to fund it and a net profit.Therefore they have to be brave! They have to have knowledge of the business world to maximise their businesses profit and limit expenditure in order to make the business a success. They have to see the opportunity to expand the business where possible. You need courage, knowledge and luck to become a successful entrepreneur!
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