Extended Response Explain the differences of establishing a business from scratch and setting up a franchise. Evaluate the success of franchises in Australia (refer to examples). There are significant differences between establishing a new business and setting up a franchise. Starting a business from scratch often takes a long time and a large amount of capital to accomplish‚ but the rewards can be substantial. A franchise is a business that is licensed to trade under a recognised brand name for
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Explain the work of a chosen job in the uniformed services (M2) Introduction: In my assignment I will explain in detail one chosen job in the Uniformed Services. The job that I chose to talk about is in the Police Service and is about “forensic scientist “. In my work I will include details about their daily routine and what is their role in the Police Service. The role of the forensic scientists in the Police Service is that they provide scientific evidence for use in courts of law to support the
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target market of your business and justify the reasons for choice. Three different research methods Surveys (Primary) Mail surveys are a relatively inexpensive way to reach a broad audience. They’re much cheaper than in-person and phone surveys‚ but they only generate response rates of 3 percent to 15 percent. Despite the low return‚ mail surveys remain a cost-effective choice for small businesses. Which would be a very good method for my business‚ as my business is still small. Sample: Field trials
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Chapter 10 Starting a business Chapter 10 | Starting a business 1. 2. 3. 4. 5. 6. Preparation Selecting a business structure Licences and registration Renting or buying the premises Franchising Opening for business Preparation Chapter 10 Starting a business Preparation • Before a person starts trading‚ they should: – do some research‚ – protect the IP‚ – prepare a plan‚ – raise some money‚ and – take out insurance. Selecting a business structure Chapter 10 Starting a business Business structures
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The business of Wedding Photography OK‚ so you want to be a wedding photographer and can take nice photos in challenging conditions. What next? If you’re very new to wedding photography‚ you might want to watch my video first to catch a few of the basics. Wedding photography is a business Much as we love photography – and I really do love the feeling of producing a set of photos that the couple will love – in order to be able to do that over the long term you need to make money from your
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Advantages of Starting up a Business * Being your own Boss - you can make your own decisions‚ keep your own time and not have to answer to "The Boss" * Hard Work & Know How - If you are a hard worker and / or have immense industry know how‚ you may want to benefit from the long hours you do or the knowledge that you have acquired over time. * Financial Independence - One day‚ you may realise your dream of financial independence * Creative Freedom - no more restrictions‚ you
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Starting a new business can be very exciting as well as challenging. It can be exciting because it might be a transition from being an employee to owning a business and becoming one’s own boss where there is freedom of doing things without anybody’s influence. The idea of being a business owner can be very exhilarating in itself. Bateman states that ‘The control and ownership of a business is a very powerful feeling. Having ownership is like an adrenalin flow. It gives you more energy – you start
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Introduction to Business 1301 14 April 2013 Business Financing for the Small Business: Go Fund Yourself Business financing takes on many forms‚ from the traditional to the contemporary. This paper explores the various ways a small business entrepreneur might consider financing his or her enterprise. The type of financing pursued by any entrepreneur will largely depend on the type of business being financed‚ the amount of financing needed‚ and the type of relationship one wants with the financier
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The Concept of Small Business General Definition : Small business means the size of which is not big- the size again depends on the yardstick one uses to measure. What is small to one may be medium or even big to some others. Small business is an integral part of the total business scene in any country. What characterizes small business? * According to Small Business act 1934- A business which is independently owned and operated and not dominant in its field” is a Small Business. * The
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Sam Bruning Professor Sally Bennett Comp I 23 October 2013 The Small Business Shutdown Imagine graduating college twenty-five years ago. Ever since you were a little kid‚ you have had a dream of opening up your own business. You would have no boss or anyone to talk down to you‚ and you control the entire business. You get to decide what you want to sell‚ who you want to work with‚ where your store is located‚ how you want to ship your products‚ and you overview the entire company or at least
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