Small business

Nowadays, businesses are growing rapidly day by day. As the businesses have grown, the competitiveness in business has also increased which means the business must be able to maintain in high-confident economic situation or survives in the economic crisis situation which could be changed anytime (Thurik & Wennekers, 2010). As a matter of fact, sometimes the economy crisis also might be causing business bankruptcy and failure which ironically could be dangerous for the employees’ futures. Hence,…

I interviewed Debi Teeple who owns and runs her business LivingFit Rx. LivingFit Rx is essentially a more welcoming gym for older clientele. Debbi and her coaching staff work with older individuals (and sometimes younger) who either realize exercising will help them live longer or have medical issues such as a hip/knee replacement or an illness that can be helped with exercise. To start off, Debi is a hardworking individual, she and her small team have beautifully crafted LivingFit Rx. When…

capitalistic. Whether the business is a small, family-owned store on the corner or a large corporation that has millions of dollars to spend, all businesses of any kind compete with one another. Competition for success in business has never been greater. In recent years, large corporations have become a serious issue due to their extreme greed. This has hurt small businesses across the country, and now, the quantity of small businesses is on the decline. Small business is what made the American…

In the textbook, “Business Essentials”, the fourth chapter is dedicated to the explanation of entrepreneurship. It talks of the process, the resources, and the type of person who can be capable of being successful in this area of business. The article, “How I turned a struggling Lebanese restaurant into a successful 20-outlet chain” is the story of Mohamad Fakih, and his journey of being involved in entrepreneurship. Mohamad Fakih would be described as man that is an intrapreneur. He bought an…

Whenever someone opens any kind of business, they will need a POS system. If I were to open a small bistro I would need something that will help me run my business smoothly. POS stands for “Point of Sales System”. The system accepts debit cards, credit cards, cash and gift cards. But now-a-days, POS systems can do more than accept payments. The system can keep track of employee sales, time sheets when the employee clocks in and out the facility, inventory, an option to receive text or email…

answer the question if Wal-Mart is good or bad, I have decided to use a strictly business/economic standpoint which in my opinion, they are doing things correctly. It shows me that if you have a vision and a solid business plan and learn through trial and error you can achieve anything. I will show the critics of Wal-Mart that it is a choice and not “Big Bad Wal-Mart” Wal-Mart is the largest retailer in America, and small is not as viable in this…

The purpose of this paper is to explore business decision’s affecting the decline and eventual closing of a business. Noting that businesses that do not effectively respond to change are usually shut down within a year or two. Permanent Record’s Company was founded as a one-owner company in the early 1960’s in the heart of downtown Memphis. It was solely a mail-order business furnishing sample obituaries to relatives of deceased people. This was a time when survivors’ names and addresses were…

Financial Options Funding Grayston Cottage will take quite a bit of capital; nevertheless, the money received has to be used wisely. Whenever a business owner is looking to find capital to fund their business it is important to know accordingly how much capital is needed, how the money is planned to be used, and how the money will be paid back (Hodgetts & Kuratko, 2007). The owner of Grayston Cottage plans to finance her restaurant by looking at her personal finances, her personal contacts, and…

In the article “Tips for Entrepreneurs” U.S. Small Business Administration’s Contributor Mariam Bramble encourages small business owners to never stop looking beyond the walls of their business. Be aware of the community in which they serve. Her tips serve as a valuable reference for any business to stay connected with the ever changing world outside while managing your business within. She begins reminding us of Importance of staying connected to focus on their social networks. By stating…

Richardson Insurance Agency has, and will continue to further adopt the principals from Michael E. Gerber’s book The E-Myth Why Most Small Businesses Don’t Work. Here is where the Format Prototype, and the Business Format Franchise, is fully explained. In its quest for expansion capital, Richardson Insurance brokers strongly urges the reader, (all funding sources), to become familiar with this concept. With an understanding of the concept the investor has a road map, a security blanket, for the…