StudentShare
Contact Us
Sign In / Sign Up for FREE
Search
Go to advanced search...
Free

How business work - Assignment Example

Cite this document
Summary
SBDC or Small Business Development Center is major facilitator that enables entrepreneurs to start their own business and helps…
Download full paper File format: .doc, available for editing
GRAB THE BEST PAPER96.2% of users find it useful
How business work
Read Text Preview

Extract of sample "How business work"

Answer Small businesses are intrinsic part of economic structure that significantly contributes to regional and national economic development processes. SBDC or Small Business Development Center is major facilitator that enables entrepreneurs to start their own business and helps existing small businesses to grow and develop more opportunities from within their business. The major advantages of working with SBDC are its free consultancy, financial analysis to understand changing business dynamics and help develop plan to establish new businesses.

They also help existing businesses to compete by helping them to explore new opportunities. The key disadvantage is that it does not provide grants or financial loans to entrepreneurs. Moreover, once the business starts, SBDC does not help in day today business and one is more or less, left alone to cope with business and new challenges as one interacts with various stakeholders like customers, suppliers etc.Answer 2 Yes, one day I do envisage myself as a business owner working with SBDC and group of new students.

SBDC provides students with huge opportunities of learning the intricacy of businesses and helps them to identify new opportunities and factors that impact business. SBDC encourages students and entrepreneurs to exploit personal competencies through innovative ideas and business plans that can be successfully implemented. It also helps expand the horizon of their experience by exposing them to different businesses and different working condition so that they become aware of the ways business is run.

They learn how innovative measures can considerably increase productivity and grow. As such, their exposure to myriad business imperative encourages them to develop lateral thinking to identify new opportunities of growth. (words: 271)Reference‘Small Business Development Center.’n.d. http://www.sba.gov/content/small-business-development-centers-sbdcs. 21 Feb. 2013.

Read More
Cite this document
  • APA
  • MLA
  • CHICAGO
(“How business work Assignment Example | Topics and Well Written Essays - 250 words - 1”, n.d.)
How business work Assignment Example | Topics and Well Written Essays - 250 words - 1. Retrieved from https://studentshare.org/business/1615756-how-business-work
(How Business Work Assignment Example | Topics and Well Written Essays - 250 Words - 1)
How Business Work Assignment Example | Topics and Well Written Essays - 250 Words - 1. https://studentshare.org/business/1615756-how-business-work.
“How Business Work Assignment Example | Topics and Well Written Essays - 250 Words - 1”, n.d. https://studentshare.org/business/1615756-how-business-work.
  • Cited: 0 times

CHECK THESE SAMPLES OF How business work

Hire purchase contracts and Lease in business and how they work

The intention of this study is an Accounting Standard as a principle that explains the accounting structure, utilizing it as the conceptual foundation for its work.... This research aims to evaluate and present the way in which leases are currently differentiated and accounted for; in accordance with SSAP 21....
6 Pages (1500 words) Essay

Business Development Plan for Debenhams

Her work coordinates all aspect related to cost example the electricity and water usage, manpower usage, compensation to customer, cost of goods and etc.... The work is very confidential in the company.... Besides, the act too encompass other benefits or protection to the employee and employer such as the termination of work, working overtime, holidays and leaves, insurance, income tax, right to privacy, off-work activities, OSHA, trade union and so forth issues related to the employer and employee relationship....
6 Pages (1500 words) Case Study

HOW TO ATTRACT MORE BUSINESS MAJORTO QUEENSBOROUGH COMMUNITYCOLLEGE

The most enrolled programs include liberal arts and sciences, business administration and nursing pre clinical.... he business department of Queens Borough College is one of the best in its respect.... It offers a good combination of courses in business administration program that covers accounting, marketing, management and information technology etc.... Mostly business students like to opt Human Resource Management (HRM), as it is very popular and they can go in good career after completing their degree in HRM....
3 Pages (750 words) Essay

How Business Works

No minimum age or a specific residency how business Works There are various steps thatshould be followed before establishing a corporation inCalifornia.... The first step involves coming up with the name the proposed business and then confirming its availability.... The first step involves coming up with the name the proposed business and then confirming its availability.... Another important step is to obtain necessary local license needed to run the business....
1 Pages (250 words) Assignment

How Various Concepts and Components in Business Works

The exercise discussed in the paper "How Various Concepts and Components in business Works" made us realize that it is not enough to know various concepts in business.... nbsp;The game was indeed challenging because it provided us with real-life scenarios on the application of business.... nbsp; … The game made us feel how complex the real world of business is and that there are a lot of factors to consider in deciding....
2 Pages (500 words) Essay

Chapter 5) How to form a Business

Both the corporations avoid double taxation and work on the single taxation mode.... nlimited Liability:It is a type of business where the owners share the entire amount of debt and other liabilities.... The liability of the owners of not linked to their investments and they share the entire brunt of the business's debts and other liabilities....
1 Pages (250 words) Assignment

The Genetics of Entrepreneurial Performance

hellip; The business still fails even without finishing one year in operation because of various reasons, and in fact, study shows that more than 50% of businesses in third world countries fail within the first year of operations (Ireland, 2014, p.... Before a business is started, proper planning should be done by the promoters of the business, who may also be the managers when the business has started operating.... Prior planning is done using a business plan which looks into various aspects of the prospective business including the market, consumers, and the requirements of the business....
10 Pages (2500 words) Research Paper

What I Didn't Learn in Business School: How Strategy Works in the Real World

he Porter's five forces define the external factors that affect businesses, which business managers and consultants like Justin should put into consideration (Porter, 2008).... The presence of other substitute's inputs and the total cost of the purchases are important in rating the profitability of the business.... Others are the government policies concerning the venture and the capital required to start the plastic business....
5 Pages (1250 words) Book Report/Review
sponsored ads
We use cookies to create the best experience for you. Keep on browsing if you are OK with that, or find out how to manage cookies.
Contact Us