Analyze funding opportunities for small businesses, including the role of the Small Business Administration (SBA). Then, evaluate the effectiveness of these funding opportunities in light of the current economy.…
Having ‘about one billion people globally live in households with per capita incomes of under one dollar per day’, with ‘policymakers and practitioners who have been trying to improve the live of that billion facing an uphill battle.’(Murdoch,1999,p.1569); microfinance, and in particular micro-credit, has been key in the gradual alleviation of world poverty. This has been most apparent in the developing part of the world in countries such as Bangladesh (where Muhammed Yusuf founded the Grameen Bank), Bolivia, Indonesia and Pakistan.…
Microcredit, which provides small loans to those in poverty, has rapidly increased in third world countries, such as Bangladesh, over recent decades. Muhammad Yunus, who started a lending organization called the Grameen Bank, developed this program in the 1970s. There has been a great amount of success in reaching millions of borrowers, most of whom are women. The loans are often provided to pay for start-up costs of small businesses, and using the money to make money is strongly encouraged. Along with the tremendous success that has been experienced, there have been numerous improvements among the countries that have adopted such microcredit programs, especially Bangladesh. For example, while poverty is being alleviated, women are also experiencing empowerment. Not only have the lives of women, their families, and communities as a whole improved, but also, such lending programs significantly contribute to society, politics, and the economy. However, it is questioned whether or not microcredit programs have effectively reached the poorest of the poor. This argument is supported by the fact that the extremely poor population is vulnerable, and is being excluded from the vast majority that is able to take advantage of such programs. Nevertheless, the well-being of the poor in general has been greatly influenced by the many positive contributions of these small loans.…
Multi-level marketing (MLM) is a marketing strategy in which the sales force is compensated not only for sales they personally generate, but also for the sales of others they recruit, creating a downline of distributors and a hierarchy of multiple levels of compensation. Other terms for MLM include network marketing, direct selling, and referral marketing.…
Nowadays, businesses are facing development problems. Problems are included: the competitors, management system, leadership and so on. For entrepreneurs, the leadership is an essential leadership quality. It is not only an idea or a reality. Leadership is relating to not only the individual, but also the social. An entrepreneur will not be able to manage his company and staff if he has not good leadership. Similar, he is also unable to accommodate changeful environment market. This means that, even though you hold some good staffs and excellent physical conditions, however, you cannot develop and use these resources. IBM is a historic and very good company, and its product distribute hundred countries. Recalling the history of IBM 's growth, there is a very important person, he is Thomas Watson, Jr, the second-generation president of IBM. With Watson in the lead, IBM became the template for successful enterprises. This essay will outline the relevant leadership attributes.…
The major problem a Small Business firm faces in its establishment period is the problem for capital or sufficient financing problem. The key to a Small Business success rests mostly on the ability of the entrepreneur to raise adequate amount of fund for infrastructural development as well as meeting the day to day working capital needs. One of the first questions any potential entrepreneur must ask is, "How do I get the money"? The type of the business may be anything but the money necessary for finance is must. Without necessary fuel (money) no ship (Small Business firm) can run. Plant or fixed asset, financial needs include purchasing land and buildings, machinery and equipments, furniture, vehicles etc all of these require a huge amount of money. In a country like Bangladesh it is not very easy to arrange a satisfactory capital to buy all these. As it is about Small Business, there is no chance to raises the capital from share market. Only personal and family funds and personal loan from the friends are major source. But in this way it is very hard to raise a sufficient amount of capital.…
We have previously mentioned the opportunities available at private hospitals around the UK and would like to draw your attention to some of the advantages that can be on offer at these institutions, which run in parallel and often in partnership with the National Health Service. With all the changes and cutbacks due to hit the NHS over the next year or two, it could be a very sensible decision to think about moving…
are often put forward by their ardent advocates in a small versus large context and…
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[Page 1] Baumol argues that as opposed to common belief a theory of entrepreneurship already exists. The misunderstanding that the entrepreneur is absent in theory stems from…
Over the years, it has become fashionable for successive government to come up with one economic policy or the other in a bid to bring about improvement in the nation during her regime. The then military administrator in the year 1986 while in power introduced an economic program called Structural Adjustment Programme (SAP) which was foisted on Nigerians as an alternative to IMF/World Bank loan, which they unanimously voted against. During the second republic the government on saddle, in 1982 tried his hand on Austerity Measures under which embargo was placed on employment. In 1995 the military government of the day came up with its own economic policy called vision 2010. This administration is not left out in the scheme of things. Hence this discussion is intended to give a birds eye view to the economic issue; Financing of small scale enterprises in Nigeria. To help address the issue of small scale enterprises in Nigeria the following institution were put in place by the government which include; The Small and Medium Enterprise Development Agency of Nigeria (SMEDAN), The Nigerian Agricultural Corporative and Rural Development Bank (NACRDB), Micro Finance Policy (MFP), National Poverty Eradication Programme (NAPEP), Rural Agricultural Development Training Scheme (RADTS), Rural Handicraft Scheme (RHS), National Economic Empowerment and Development Strategy (NEEDS), Micro Small and Medium Enterprises Sector of the Nigerian Economy (MSMES), Nigerian Employee Consultative Association (NECA), National Economic Reconstruction Fund (NERFUND), and National Directorate of Employment (NDE).…
Objectives acts as guidance for a company's growth or development in a specific area. Objectives must have a deadline for achievement-a specific timeframe.…
Now a day’s start the era of convergence in corporate reporting. Traditionally company reporting primarily consists of financial information of the organisation. The balance sheet, Income statement and the accompanying directors’ report together outline the company’s performance. In the past decades a shift has occurred in how companies report on the impact they have…
THE NIGERIAN HOME VIDEO INDUSTRY: A SURVEY OF THE ACTIVITIES OF VIDEO RENTALS AND THE COPYRIGHT LAW…
• It is a process through which individuals and teams bring together the necessary resources to exploit opportunities and in doing so create wealth, social benefits and prosperity.…