In comparing small businesses with corporations, the aspects of both types of businesses must be taken into direct consideration. By definition, a small business may be regarded as a business with a small number of employees. The legal definition of “small” often varies by country and Industry, but Is generally under 100 employees. These businesses are normally privately owned corporations, partnerships, or sole proprietorships. Corporations […]

The following excerpt is from the staff of Entrepreneur Media’s book . Buy it now from  |  |  With the growing accessibility of information online, modern entrepreneurs in search of to grow their businesses have a huge leg up on generations past. Yet for every bit of accurate and genuinely helpful advice, there is an increasing amount of misinformation and myths surrounding the small business lending space. Unfortunately, […]

Abstract Innovation is essential in the modern day business environment in the quest to satisfy the needs and expectations of customers thereby driving their preference. Continual change and evolution in the business environment among several other factors exert unrelenting pressure on business firms to develop and implement strategies to adapt and sustain their competitiveness. This is especially true for small businesses given their low capacity […]

In this section of my coursework I will be writing about the aims & objectives, ownership, business activity and location of a small business, in this case it would be Blooming Scent. Small business is a business that is independently owned and operated, with a small number of employees and relatively low volume of sales. Blooming Scent is a florist service. The owner of the business is […]

Introduction The business environment is constantly changing. Driven mainly by fluctuations in customer needs, changing regulations, new technological developmemts, falling profits, declineing market share and other internal and external forces has created a need for businesses to adopt new strategies so as to keep up with the pace of change (Nuorkivi, 2009). Irrespective of what causes change in organisation, change or business transformation is very […]

An advisory council is a panel of individuals that come together to discuss ways of improving on operations carried out in an organization. They are saddled with the responsibility of reviewing all processes being carried out and suggesting ways of improving on them, or outright change in ways of doing these things. The advisory council is involved in the formulation of policies that eventually lead […]

Every aspiring entrepreneur must visit the Small Business Association (SBA) web site to view its listings of how-to guides and online tutorials (www.sba.gov). This website contains an array of information emphasizing the importance of business plans to legal matters. Actually, the SBA’s site was very useful in guiding me in the right direction to researching my business idea of [insert idea]. The online business planning […]