There is certainly no formula to become a successful entrepreneur. Some may succeed and make good profits‚ others sink along the way. Which are the most lucrative sectors for entrepreneurs? Here’s a list of 20 good opportunities entrepreneurs can look at... 1. Tourism Tourism is a booming industry in India. With the number of domestic and international tourists rising every year‚ this is one hot sector entrepreneurs must focus on. India with its diverse culture and rich heritage has a lot to
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DEFINITION OF SMALL BUSINESS: There is no precise definition of a small business. Some would consider a business as small if it has no more than a specified number of employees. Other would like to believe a business as small that limits its scope of operation to the local market area. Yet others may prefer to classify a business as small on the basis of nature of firm‚ such as the local medical store‚ clothing store‚ service station or a jewelry store. WRITERS’ DEFINITION: “A small business is defined
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concludes with memories of all one has experienced‚ along with feelings of pride in what has been accomplished and regrets at what has slipped by. Growing up‚ however‚ is done in a series of stages. Each stage of life is filled with relationships‚ new experiences‚ issues‚ and challenges. In order to move into the next stage of life‚ it is vital for individuals to accomplish certain tasks and attain different points of view through the information that is gained. Every human being is made uniquely
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eight stages in Psychosocial Development according to Erik Erikson. There is Infancy‚ Early childhood‚ Preschool‚ School Age‚ Adolescence‚ Young adulthood‚ Middle Adulthood‚ and Maturity. Infancy stage is the sense of trust and with lack of trust mistrust will occur. Early child childhood around the age of 2 to 3 the child will begin to become independent which will lead to the feeling of success‚ such as toileting. At the preschool age 3 to 5 the child will be beginning the exploring stage this will
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he Freudian psycho-sexual stages is the developmental stages a human being faces from childhood to adulthood. Freud believes that the gateway to adulthood is the genital stage of development whereby lasting and meaningful relationships are formed. Freud viewed infants as sexual beings whose sex drive is low. He explains on how this sex drive is channel these ages from the first year of the child to adolescence that is 13years to 18years
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reliability‚ but reduced defense spending requires an emphasis on value and affordability. This dynamic and challenging environment requires the implementation of integrated product development concepts to reduce development cycle time and improve product quality and value. Integrated Product Development (IPD) is based on the integrated design of products and manufacturing and support processes. It is not a matter of assessing the producibility‚ testability‚ supportability and quality of the product
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7 1.4 Rupini’s Organizational Structure & Business Strategy 7 II. ANALYSES 2. Analysis 10 2.1 Porter’s Five Forces Model 10 2.2 Porter’s Three Generic Strategies 12 2.3 Porter’s Value Chain Analysis 13 2.4 Business Process Management 14 2.4.1 Major Business Process for Rupini’s 15 2.4.2 Proposed Improved Business Processes for Rupini’s 16 2.5 The Essential Reports 17 2.6 Business Information System Designs x 2.6.1 Internal
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The Cost of Something Mankiw’s Ten Principles of Economics Opportunity cost is the value of the next best alternative in a decision. Imagine that you have $150 to see a concert. You can either see "Hot Stuff" or you can see "Good Times Band." Assume that you value Hot Stuff’s concert at $225 and Good Times’ concert at $150. Both concerts cost $150 per ticket‚ but it would take you a couple of hours to drive to Hot Stuff’s concert and you have to be in school (the next) morning for an exam. Good
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Chapter 1 1.) How does the study of economics depend upon the phenomenon of scarcity? Economics is how people make choices under the conditions of scarcity. Scarcity just means limited‚ you have to pay to have running water or bottled water‚ and it is scarce. What this means is that everything has a price‚ and nothing is free in this economic. Economics depends upon the phenomenon of scarcity because if the world didn’t have to pay for the thing that we need then the world will be very different
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1. Identify one nation which is categorised as “Very High‚ or High‚ or Moderate in Political Risk” and discuss the key political risks. Political risk is the likelihood that a society will undergo political change that negatively affects local business activity and investments. Factors of political risk include government stability‚ military and religion in politics‚ corruption‚ law and order and bureaucracy. There are two types of political risk‚ namely macro risk which threatens all companies
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