SOLE PROPRIETORSHIP: A sole proprietorship is the easiest of all the business types to start and take the least amount of start-up capital. This is also the most common form of doing business in the United States. With a sole proprietorship, the business and the owner are one in the same and it is not possible to bring someone into the business.…
An example of a business that can be started through a sole proprietorship is a gutter cleaning service. After creating a name which can be the owners name or a D.B.A. in which he would have to register. The owner would have full responsibility to the decisions of starting the business. The owner will have choices on who to hire, fire, and promote. The business will be started through funds obtained from the owner through his personal funds and personal loans. A disadvantage is that the owner will have to fund all the equipment used for the business with thoses funds. An advantage is he would have total choice on which equipment he purchases. Another advantage is that if an opportunity to sell the business occurs the gutter cleaning owner would have the only voice in making that matter. Depending on where the business is located certain licenses may need to be obtained through local governmental agencys.…
Lowe’s, and other home improvement businesses, serve three types of customers; the Do-It-Yourself customer that is the individual who completes their own projects and installations. The Do-It-For-Me customer, who purchase supplies then hire third parties to complete the installation or project. Finally, there are the professional customers who are the remodeler, general contractor, repairman, small business owner and tradesmen. The slowdown of the market has affected all types if customers in the home improvement markets.…
The sole proprietorship is the most basic type of business. Anyone can start one with little effort. As long as the owner’s name is in the name of the business, no paperwork is necessary. The following advantages and disadvantages exist with a sole proprietorship:…
Our external customers are the working-class people who are looking for a good car at a decent price. They can also be people who are looking for a good reliable starter car for their child or someone who has recently repaired credit and aren’t looking to take out a huge loan and get back in over their heads. Since we are marketing the repair aspect, they are people who are looking for a reliable garage to take their vehicles to. A place that will do the job at a good price with the quality of an auto dealer garage. And lastly, we have a contract with the local government cars. This is huge because this leads to possibly more ongoing business, we need to be dependable to them.…
Sole proprietorship is the most common form of business, instating this proprietorships are operated and owned by one person. The reason proprietorship is so common is because this form of business is easy. Many individuals that form this type of business are also known as an entrepreneur. The owner of a sole proprietorship has unlimited liability. For example the individual who wanted to open up this type of business want to open a landscaping company. This business can easily be started and, the owner will have complete control over the entire business. This business requires little to no capital to operate, however this business requires clientele and advertising to be successful. Sole proprietorship is the most adequate form of business for this type of operation.…
One of the companies that uses a do-it yourself business approach is Home Depot, Inc. whereby consumers get free workshops on growing lush lawns to keep the pests away, common door styles, building outdoor football toss game, toilet installations as well as building wooden beverage stands. However, this approach flopped in China, whose culture favors a do-it-for-me business approach.…
When we think of the automobiles most people automatically think of Detroit, Michigan as the home of the American automotive industry. Michigan automotive history starts in the 1890s, when inventors tinkered the idea of self-propelled vehicles and later developed into the worlds top automotive producing city, hence the name “Motor City.” In this paper we will identify a brand I am passionate about, explain reasons why, discuss loyalty associated to customer relations, and identify competitors within the same industry.…
There are classes for those ambushes first time tinkers wanted to fix something at home or build to add to their rooms. Here the consumer is important and always satisfied with the service and products offered and found throughout the warehouse. If they do not have the product the will order it if not available in their store, they well find you something better. The offer classes for Customer to learn repair and building such as Children’s workshops, and repair for everyone if needed, or they will come to your home and install in item it you need them to.…
stop shopping for the do-it-yourselfer came to fruition when they opened the first two Home…
Stop Centers within 10 miles of the Auto Boyz Centers primarily to facilitate a close…
• Do-it-yourself (DIY) subsegment: They usually buy at large retail outlets and are interested in…
b. As above, except it might be more peripheral as people won't decide whether to use the company based on what kind/condition it is in; also won't need maintenance…
What is the business—technical, professional, service, and so forth? Create your business and give it a name. (Robert)…
Cape Bojeador Lighthouse, also known as Burgos Lighthouse, is a cultural heritage structure in Burgos, Ilocos Norte, which was established during the Spanish Colonial period in the Philippines. The Cape Bojeador lighthouse was part of the Spanish government 's master plan of illuminating the Philippine archipelago. It was first lit on March 30, 1892; it was first designed by Magin Pers and Pers in 1887 and was finished by the Lighthouse Service under Guillermo Brockman. It is a typical Spanish Colonial lighthouse which is masonry made with bricks. This light house was a witness of the Spanish era and legend says that the lantern used in the light house was a diamond.…