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. In this time of economic challenges‚ suggest two ways that the SBA might be of assistance to your small business. Explain how you would request this assistance. Small businesses are leaders in innovation and drivers of the economy. Small businesses hold more patents than all of the
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Overview of business report writing for Business Studies Because it so closely mirrors the real commercial world‚ business actually has a language of its own. The language of business is known either as the report format or as report style writing. In this tutorial the two terms are used interchangeably. In most cases your Business Studies teachers will prefer that you use report style writing for your assignments instead of the more familiar "essay style" of writing that you have become so accustomed
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Overview and classification of small and medium scale industries in global context Meanings of Small and Medium Industries differ from country to country‚ depending on one or more of thresholds laid down in respect of investment‚ employment‚ turnover etc. The issue of what constitutes a small or micro and medium scale industry is a major concern in the literature (Ward‚ 2005). Different writers have usually given different definitions to this category of 25 business. Small and medium scale industries
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BTEC IN BUSINESS Level 3 UNIT 2 – Business Resources Assignment 2 Name: P4: Sources of Finance There are two main ways that a business can access financial resources: From within the business (internal source) Can be from the business owner’s savings or from profits From outside the business (external source) There are a number of external sources that can be used to fund a business: Banks/building societies Hire Purchase Leasing Venture Capitalist Factoring Share issues Friends/family
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anyone that is interested in a business‚ whether it is a small business or a big business. Stakeholders are individuals‚ group or organisations that are affected by the action of the business. They include the following: Owners that are interested in how much profit the business makes Managers and employees who are concerned about their wages or their salaries. Customers who want the business to produce quality products at reasonable prices. Suppliers who want the business to continue to buy their
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Obamacare Affecting Small Businesses • Why do you want to write about this topic? No matter how I look at this Obamacare is going to affect my future. I have health insurance through my husband’s work already. But if we open our own business eventually we will need to know all the information about it. And with Obama being our current president is good to keep up with all the current information that is going on. • Why is it interesting? I think this is an interesting
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Law Midterm Chapter 13- The Agency Relationship (Pg. 297) • Agency: a relationship that exists when one party represents another party in the formation of legal relations Pg. 298 • Agent: a person who is authorized to act on behalf of another • Principle: a person who has permitted another to act on her behalf • Agency is a common relationship as is shown in the following examples: o A sports agent negotiates a multimillion-dollar deal on behalf of a hockey player
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(Second) or Agency (an authoritative summary of the law of agency) defines agencies as fiduciary relationships • Fiduciary – (adj) involving trust and confidence • Agency relationships commonly exist between employers and employees • Agency relationships can also exist between employers and independent contractors Employer-Employee Relationships • Normally‚ all employees who deal with third parties are considered to be agents • Employment laws apply only to employer-employee relationships‚
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pursuit of entrepreneurial activity. As an enterprise can be defined as private business‚ it can thus be separated into two main categories which are small firms and large firms. Within many countries and many industries there are normally a large number of small firms and a smaller number of large firms as can be seen in the United Kingdom where there are only a few thousand large firms and over 4 500 000 small to medium sized firms according to the BERR. This essay will look at both of these
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University of Phoenix Material Business Forms Worksheet There are seven forms of business: sole proprietorship‚ partnership‚ limited liability partnership‚ limited liability company (including the single member LLC)‚ S Corporation‚ Franchise‚ and Corporation. 1. Research and provide three advantages and three disadvantages for each business form. 2. Provide a 100- to 200-word summary in which you provide an example business that you would start for each form. What is legally necessary to file
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