INTRODUCTION International business is a term used to collectively describe all commercial transactions that take place between two or more nations. It refers to all those business activities which involves cross border transactions of goods‚ services‚ resources between two or more nations. It can be either the buying (importing) or selling (exporting) of goods or services on a global basis. In the achievement of the strategic objectives of a self-reliant and dynamic economy‚ the government considers
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1. Five definitions of entrepreneurship and entrepreneurs. ENTREPRENEUR: * Entrepreneurs are people who are too naive to see the obstacles that are obvious to others. * An entrepreneur is an economic agent who unites all means of production- land of one‚ the labour of another and the capital of yet another and thus produces a product. By selling the product in the market he pays rent of land‚ wages to labour‚ interest on capital and what remains is his profit. He shifts economic resources
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Entrepreneurs Essentially‚ an entrepreneur is a person who starts a new business venture. However‚ we tend to think of entrepreneurs as people who have a talent for seeing opportunities and the abilities to develop those opportunities into profit-making businesses. Are entrepreneurs born or made? The debate still rages‚ but the current consensus is that successful entrepreneurs share a constellation of personality traits. In other words‚ some people are naturally more entrepreneurial than others
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Most Successful Entrepreneurs Of The Year Philippines 2005 ________________________________________ ENGINEER GREGORIO G. SANCHEZ‚ JR. Founder Lacto Bacillus Pafi Techno Resources Corp. Innovation Entrepreneur 2005 Engr. Gregorio G. Sanchez just had to find a way to keep alive the hundreds of piglets in his livelihood program. A kitchen experiment resulted in a food supplement formula that fattened the piglets and eventually‚ became the foundation of a full-blown business. Engr. Sanchez
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CHALLENGES AND OPPORTUNITIES FOR BUSINESS OWNERS AND ENTREPRENEURS Challenge- A test of one’s abilities or resources in a demanding but stimulating undertaking Opportunity- A favorable or advantageous circumstance or combination of circumstances. http://www.thefreedictionary.com/challenge http://www.thefreedictionary.com/opportunity DISTINCTION BETWEEN BUSINESS OWNERS AND ENTREPRENEURS Objectives & Views | Small Business Owner | Entrepreneur | 1. Primary Motivation | To Make
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BUSINESS PLAN For I-MAX MULTIPLEX (Cinema Complex) Submitted To: Submitted By: Mr. Shree Ranjan Wasti Prakriti Shrestha Professor Smriti Pradhan Entrepreneurship & New Business Formation BBIS (2002-2006) Kathmandu College of Management ACKNOWLEDGEMENT We would like to thank our instructor‚ Mr. Shree Ranjan Wasti‚ for his guidance in preparing this business plan. Not to forget‚ we are also grateful to our librarian for providing us with the resources needed in
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at a cost they can afford and in such a way that they aren’t socially‚ economically‚ or politically isolated. NET cafe’s goal is to provide the community with a social‚ educational‚ entertaining‚ atmosphere for worldwide communication. This business plan is prepared to obtain financing in the amount of $24‚000. The supplemental financing is required to begin work on site preparation and modifications‚ equipment purchases‚ and to cover expenses in the first year of operations. Additional financing
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up Achieving success with professional business planning Starting-Up boek2 NV 16-06-2004 11:51 Pagina 2 Contents Authors Thomas Kubr Heinz Marchesi Daniel Ilar Herman Kienhuis McKinsey & Company‚ Inc. The Netherlands Amstel 344‚ 1017 AS Amsterdam The New Venture Business Plan Competition Preface Acknowledgements 4 7 9 About this manual 11 Part 1: Starting up a company - how companies grow 17 Part 2: The business idea concept and presentation Example:
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FINANCIAL PLAN FINANCIAL PLAN: Smoothy Juice Company Ltd. Pro foma Income Statement For the year ended 31 July 2014 Particulars taka taka Revenue: Net sales 25500000.00 Less: Cost of Goods Sold: Beginning Inventory 0.00 add Purchase 11500000.00 Freight-in 350000.00 11850000.00 Less: Ending Inventory 1704500.00 Total costs of goods sold 10145500.00 Gross Profit 15354500.00 Less: Operating Expenses: Advertising
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Table of Contents Mission Statement 2 Management Structure and Background 2 Organization Chart 3 Marketing Plan 4 Target Market 5 Price 5 Competitive Environment 5 Promotion 6 Place 7 Business Floor Plan 7 Financial Plan 8 Projected Income Statement by week 8 Projected Income Statement for period 9 Equipment Lists 9 Capital needed to get the business started 10 Mission Statement The purpose of Affordable Accounting is to provide dependable and quality tax preparation
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