Interview a Business Owner Due: January 7‚ 2009 For my interview I decided to pick the owner of the company I work for. The owner’s name is J. Kent McNew and he is the owner of Eastern Petroleum Corporation. The company is a petroleum distributor of gasoline primarily through gas station outlets. Eastern Petroleum Corporation is a Maryland corporation and its corporate office is located in Annapolis‚ MD. Mr. McNew sells products in MD‚ VA‚ DC‚ and some in DE. The scope of the business is done in
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Nilima Rawal BMGT110 University of Maryland University College September 23‚ 2012 Abstract For my interview I decided to choose the owner of 6 different Subway Restaurants in Maryland. It was an honor to interview my friend "Mr. Sharad Doshi". He has been in this industry for past five years. I chose him because he has been an inspiration to everyone. Looking at his accomplishments‚ makes us feel very proud and I knew for sure‚ for me‚ the best person to interview would
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A business opportunity (or bizopp) involves sale or lease of any product‚ service‚ equipment‚ etc. that will enable the purchaser-licensee to begin a business. The licensor or seller of a business opportunity usually declares that it will secure or assist the buyer in finding a suitable location or provide the product to the purchaser-licensee. This is different from the sale of an independent business‚ in which there is no continued relationship required by the seller. Makeup of a business opportunity
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Innovation & Entreprenuer Track One Innovation is the key element in providing aggressive top-line growth‚ and for increasing bottom-line results ---- Davila et al. (2006) note A typical strategic alliance(a formal relationship between two or more parties to pursue a set of agreed upon goals or to meet a critical business need while remaining independent organizations.) formation process involves these steps： * Strategy Development: Strategy development involves studying
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A small business is a business that is privately owned and operated‚ with a small number of employees and relatively small number of sales. Small businesses are normally privately owned corporations‚ partnerships‚ or sole proprietorships. The definition of the term “small business” can vary from country to country. For e.g. In the U.S. the Small Business Administration generally specifies a small business as having fewer than 500 employees for manufacturing businesses and less than $7 million in
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Small Business 2 In accessing the Equal Employment Opportunity Office (EEOC) website‚ I found it very hard to find a clear and concise reason as to why small businesses were treated differently than the larger businesses and why the law would differentiate between them. These smaller organizations are sometimes treated differently by the EEOC because they lack the resources that most large companies possess. Most small businesses can’t afford to hire the best qualified people that
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benefits of owning a small business?? Surveys show that owners of small businesses believe they work harder‚ earn more money‚ and are happier than if they worked for a large company. Before launching any business venture‚ every potential entrepreneur should consider the benefits of owning a small business. * Opportunity to gain control over your own destiny: Entrepreneurs cite controlling their own destinies as one of the benefits of owning their own businesses. Owning a business provides entrepreneurs
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Chapter Seven Aida Moua Small Businesses and Entrepreneurship: Economic Rocket Fuel Review Questions 1. Review the benefits an entrepreneur might seek in starting a new business. Which benefits are most appealing to you? Why? Some benefits that are most appealing to me is having greater financial success‚ independence‚ flexibility‚ and challenge because with all of them combined‚ it’s beneficial to me and can help me gain more money easier. 2. Do you recognize any of the entrepreneurial personality
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Small businesses have been considered the mainstay in countries around the world. In many European countries for example‚ the small business has been considered crucial to the success and flourishment of the country in general. Most individuals start upon a small business venture in the hopes of realizing ownership‚ independent profits and personal success. Small businesses can prove extremely successful when planned properly. Studies suggest that several small businesses‚ however‚ close or fail
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Assessor Result Date CERTIFICATE IV SMALL BUSINESS MANAGEMENT BSB40407 Assessment 1 Management and Legal (To be used for NEIS online training) Clustered units BSBSMB401A Establish Legal and risk management requirements of a small business BSBSMB404A Undertake small business planning STUDENT’S FULL NAME: Student Instructions Complete Part A & B of this assessment. Part A – Insert your full name‚ date submitted and online username
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