ISSN: 2347-3215 Volume 1 Number 3 (2013) pp. 71-78 www.ijcrar.com Challenges faced by new entrepreneurs R.S.Kanchana*‚ J.V.Divya and A.Ansalna Beegom Kanchana.R.S‚ Kanchana Bhavan‚ Mithirmala.P.O‚ (695610) Mithirmala‚ Trivandrum Kerala‚ India *Corresponding author KEYWORDS Entrepreneur; Challenges; motivation; skill; adventurism. A B S T R A C T An entrepreneur is one who plays significant role in the economic development of a country. Basically an entrepreneur can be regarded as a person who
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services” (Tracy)1. These businesspeople help build our economy by creating jobs‚ increasing productivity and partnering with other firms to help reach success. Entrepreneurship is so crucial to society because “it’s the entrepreneurs who serve as the spark plug in the economy’s engine‚ activating and stimulating all economic activity…” (Tracy)1. Entrepreneurial firms highly impact the economy by creating jobs‚ which is essential in fueling our economy. When an entrepreneur begins to expand their
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1) FIRM OBJECTIVES: The standard economic assumption underlying the analysis of firms is profit maximization. Real world firms‚ however‚ might not‚ and many times do not‚ make decisions based on the profit-maximization objective‚ or at least exclusively on the profit-maximization objective. Other objectives include: (1) sales maximization‚ (2) pursuit of personal welfare‚ and (3) pursuit of social welfare. Although firms are assumed to make decisions that increase profit in standard economic
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Quote Integration Using quotes from the text is an important way to support your ideas. In most papers‚ I would expect at least 3-4 really strong quotations used to prove your topic. The important word in the last sentence is “prove.” You do NOT use quotations to establish facts from the story. You use quotations to PROVE something. For example – I don’t need a quotation from the book to tell me that Tom Robinson is found guilty. I have read To Kill a Mockingbird and I know that he
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business with social cause‚ premium grade coffee‚ organic certified coffee‚ 75% of people are farmers Weakness: The business is oligopoly. So‚ it’s difficult to create the market‚ lack of farming skills‚ corruption in Laos‚ starting a brand from scratch‚ local market Opportunity: Market growth of coffee is huge (yearly average 90%)‚ can venture in Europe and America‚ can take over roasters and have larger share of profit‚ establish itself as unique premium brand promoting social cause Threats: Political
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Cosmopolitans and locals "If there were only locals in the world‚ world culture would be no more than the sum of its separate parts". Hannerz 1990:249 Ulf Hannerz (1990) argues that the world culture is created through the increasing interconnectedness of varied local cultures where people connect in different ways. He uses Robert Merton’s cosmopolitan-local distinctions in a global context‚ to describe how people identify themselves with the global or not. The term `cosmopolitan’ is often used
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A. FIRM AND ITS OBJECTIVE: Conventional theory of firm assumes profit maximization is the sole objective of business firms. But recent researches on this issue reveal that the objectives the firms pursue are more than one. Some important objectives‚ other than profit maximization are: (a) Maximization of the sales revenue (b) Maximization of firm’s growth rate (c) Maximization of Managers utility function (d) Making satisfactory rate of Profit (e) Long run Survival of the firm (f) Entry-prevention
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HOW CAN PEER PRESSURE IMPACT NEGATIVELY ON TEENAGERS? Candidates Name: Kadian Chambers Candidates Form: 11:3 Candidates School: Excelsior High Teacher’s Name: Mrs. Smith TABLE OF CONTENTS INTRODUCTION STATEMENT OF PROBLEM REASONS FOR SELECTING TOPIC METHOD OF INVESTIGATION INSTRUMENT USED TO COLLECT DATA PROCEDURES FOR DATA COLLECTION PRESENTATION OF DATA ANALYSIS AND INTERPRETATION OF DATA FINDINGS RECOMMENDATIONS BIB LIOGRAPHY INTRODUCTION I have
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talking about the challenges faced by cooperatives in general followed by specific problems faced by the group‚ and me in particular. Thirdly‚ I will elaborate on the cooperative knowledge and values that I have gained by being a part of the group and module. Finally‚ I will be concluding by talking about how I believe cooperators are better equipped to contribute to the political and moral life as well as my personal reflection of a cooperative. 1. Challenges faced by
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PRESSURE GROUPS ARE AN INTEGRAL PART OF ANY SOCIETY. CRITICALLY DISCUSS. According to Duncan Watts‚ a pressure group can be an organized group that seeks to influence government policy or protect or advance a particular cause or interest. They can also be described as ‘interest groups’‚ ‘lobby groups’ or ‘protest groups.’ Some people avoid using the term ‘pressure group’ as it can mistakenly be interpreted as meaning the groups use actual pressure to achieve their aims‚ which does
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