Small Business Development in the United States Essay

Small businesses were once the backbone of the United States economy. After a time these business owners expanded, merged, and bought other businesses. This historic business trend has created some the well know corporations we know of today. One example would be the development of Wal-mart. Today, small businesses operate in the shadows of â€Å"big box† stores. However, small business owners account for more than 90% of, but only less than 5% or 10% of the GDP, â€Å"gross domestic product.† As a manager of a large corporation or a prospective business owner it is wise to be knowladgeble of new competitors, state of the economy, and current management trends. There are trends today that will change everyone’s expecatons of small business†¦show more content†¦During the recession companies downsized on these jobs and are still reluctant to hire for these positions. A small business opportunity would be to start a business that offers outsourced service such as this. A testing business thoroughly tests other businesses’ apps and websites for glitches, flaws, etc†¦New websites or apps usually never get test properly. There is a demand in this field and potential growth in particular niche markets. A mobile salon business is another way to take advantage of the large baby boomer generation that is now senior citizens. More elderly people would rather pay for a salon to come to their house to do their hair and nails. Food truck restaurants are appearing all over. This is no new idea, however this idea as a restaurant is gained a lot of attention since 2012. The investment is way lower and the failure rate is only 10 to 20% as opposed to a brick and mortar restaurant which is 60 to 90%. It is expected this industry will reach 2.7 billion dollars by 2017. Being a software trainer is in more demand these days. With so many sophisticated programs on the market more and more people would rather pay to have someone teach them how to use the program instead of learning themselves with a user manual. Usually an entrepreneur in a startup business like this will hold small workshops. The year 2014 holds signs of economic recovery and growth for small businesses. On average there has been an increase in employment per business whichShow MoreRelatedThe Small Business Administration ( Sba )1236 Words   |  5 PagesAbstract The Small business administration (SBA) was created on July 30, 1953, by President Eisenhower with the signing of the Small Business Act. When it was created, there are some presidents want to stop it and some presidents want to develop it. Therefore, we also can see it active in the United States government on today. In this paper, I will through the background of The Small Business Administration (SBA) to introduce what type of organization is it? What does the organization do? WhoRead MoreThe Benefits Of Small Economic Development1145 Words   |  5 Pagesalthough many banks have programs for affordable housing development. Many large banks and financial institutions provide small business development funding through their partnerships with the Local Initiatives Support Corporation (LISC), which operates throughout the United States. Bank of America, Cambridge Savings Bank, KeyBank, TD Bank, and MT Bank have active programs in their service areas to assist small business creation and community development, either through nonprofit partnerships or throughRead MoreEssay On E-Learning1055 Words   |  5 PagesPerceptions of E-learning by Management Trainees in a Small, Fast-Food Restaurant Small businesses in the United States are significant drivers of economic growth, job creation, wealth, and the embodiment of the â€Å"American Dream† (Chow Dunkelberg, 2011; Valadez, 2012). In 2013, The Small Business Administration estimated there were â€Å"28.8 million small businesses that accounted for 99.7 percent of U.S. employer firms, 33.6% of known export value ($471 billion out of $930 billion), 33.6% of knownRead MorePike Place Market1673 Words   |  7 PagesPike Place Market is a public market overlooking the Elliott Bay waterfront in Seattle, Washington, United States. The Market opened August 17, 1907, and is one of the oldest continuously operated public farmers markets in the United States. It is a place of business for many small farmers, craftspeople and merchants. Named after the central street, Pike Place runs northwest from Pike Street to Virginia Street, and remains one of Seattles most popular tourist destinations. The Market is builtRead More The Small Business Administration (SBA) Essay examples1665 Words   |  7 PagesThe Small Business Administration (SBA) In July of 1953 the United States Congress amended an act called the Small Business Act. Many believed that the essence of the American economic system of private enterprise is free competition. Also, that only through full and free competition can free markets, free entry into business, and opportunities for expression and growth of personal initiative and individual judgment can be assured. Thus, the Small Business Act was amended. In order to carryRead MoreMom and Pop Shops1153 Words   |  5 Pageseffect on small business, but also it has to do with our economy. I plan on the information and graphs I found by researching my information about how the big companies do take over some small business. I will provide a power point presentation in my research paper to also show you more information about my research paper. There is no question that Wal-Mart does cause some mom-and-pop shops to fail. However, those failures are entirely compensated for by the entry of other new small bu siness. I am alsoRead MoreThe Role Of Value Added Tax In The UK701 Words   |  3 Pageson national economic development. After Income Tax and National Insurance, value added tax has become the third largest source of income for the British government. Value Added Tax is referred to as VAT. Its predecessor was Purchase Tax in the United Kingdom. And the government began to change to Value Added Tax officially in April 1973. Since January 4, 2011, the standard value added tax of the UK was increased from 17.5% to 20%. Value added tax applies to imports, business transactions and servicesRead MoreImmigration And The United States870 Words   |  4 Pagesimmigrants should allow into the USA is important to the country’s development. Immigration to the USA should increase for several reasons. One reason immigration should be increased in the USA is many immigrants start new business and contribute to the American economy development. Immigrants are important for the American economic, strength and development. For instance, if an immigrant who comes from Asia and he opens a small Asian restaurant, and hire more employees to facilitate his restaurantRead MoreNon Immigrant Visas Should Be Legal1501 Words   |  7 Pagesare required to have a Bachelor’s degree or the equivalent in what is described as a field of human endeavor. Fields such as engineering, medicine, business, technology, and law qualify. While there is a cap of 65,000 issued visas per fiscal year, the Center for Immigration Studies estimated that the actual number of H1-B workers in the United States was somewhere between 650,000 and 700,000 as of September, 2009 due to various exemptions and renewals.. Universities, non-profits with universityRead MoreSuccess Of Friend Z s A Regional Based Coffee House1648 Words   |  7 PagesThe success of Friend-Z s, a regional based coffee house in the United States, is in its tenth year of business. The small business venture, which began as a cooperative college project, has grown into one of the best coffee houses on the college scene. Friend-Z s success has sparked the interest of its partners to take their small business to the next level by expanding into the global market. Competing globally would allow Friend-Z s Coffee House to take advantage of a larger customer base,

The People Of Israel - 1622 Words

Throughout history, the Jewish people have referred to themselves as Yahweh’s (God) chosen people. If you were to imagine life as a special, chosen person of God, you might see yourself living in comfort, free from fear, and with most, if not all, of your basic needs meet. Yet, when Jewish history is examined, it is clear that this has not been the case for the people of Israel. From the Egyptians to Nazi Germany, Jews have been abused, discriminated against, oppressed, and victimized at the hands of empires. Their daily lives appear to directly contradict the life one would picture for God’s chosen people. This inconsistency leaves Jews with many questions about the God they put their faith and trust in including: why God is letting them suffer, how long must they suffer, why doesn’t intervene on their behalf, and why God allowed for such evil to be present in the world at all. During the time of Antiochus IV Epiphanes (around 175 BCE), these questions were espe cially relevant to the Jews living under his rule. Therefore, authors from the Jewish apocalyptic genre wrote Daniel 8 and 9 and 1 Enoch: The Animal Apocalypse in hopes of answering the question of why the Jews suffer at the hands of evil despite their convent and unique relationship with God. In order to fully comprehend the situation of the Jews in 175 BCE Judea, one must first understand the Jewish relationship with God. According to Genesis, God called Abraham, descendent of Noah, to follow and serve God. InShow MoreRelatedThe People Of Israel As A Punishment1620 Words   |  7 Pages The people of Israel began to worship idols; and as a punishment God allowed them once more to pass under the power of their enemies. The seventh oppression, which now fell upon Israel, was by far the hardest, the longest and the most widely spread of any, for it was over all the tribes. It came from the Philistines, a strong and warlike people who lived on the west of Israel upon the plain beside the Great Sea. They were blasphemy towards Yahweh Dagon, which was made in the form of a fish sRead MoreThe Between God And The People Of Israel1661 Words   |  7 Pagescontemporary Jewish adherents, as it expresses the ongoing reciprocal relationship between God and the people of Israel. The covenant governs and regulates all aspects of Jewish life, and is recorded as a series of arguments between God and Jewish adherents. Promised the land of Canna, blamelessness and many descendants if he lived in the presence of God, Abraham, the ‘father of the Jewish people’ and first patriarch to enter a covenant with God, is a significant figure in Jewish History. The AbrahamicRead MoreHuman Right For The People Of Israel And Palestine3556 Words   |  15 PagesPeace is a basic human right for the people of Israel and Palestine. Given the tenuous nature of amity between Israel and Palestine, this is a difficult subject at best. However, there are women out there that believe in, and engage in, peacebuilding efforts between these two territories. Women’s participation in the peace building process of these two countries is vital to the construction of an unbiased, proactive reconciliation to occur. Because women comprise a large percentage of the populationRead MoreCovenant Theology: The Relationship of the Jewish People to God and Israel764 Words   |  3 PagesCovenant theology: The relationship of the Jewish people to God and Israel In the Torah, the bond between Israel and God is negotiated in terms of a covenant, or a legal obligation. The relation of man to the Deity was also conceived of in Biblical times as a covenant concluded by God with certain men or nations, from which all laws derived their sanctity and perpetuity. God, when creating the heavens and the earth, made a covenant with them to observe the rules of day and night (Covenant, 1906Read MoreJews : A Religious Group Of People Originating From Israel1721 Words   |  7 Pages6#2 The Research Essay Draft Jews, a religious group of people originating from Israel, have lived in Europe for about 1500 years. A great number of Jews settled in Germany. For some mysterious reasons, Jews were extremely prosperous. Although they lived peacefully with their neighbors, Jews were rejected and were forced to live under restrictions such as curfews. Jews were also barred from owning land or from holding jobs that they desired and for which they qualified. Even under these constraintsRead MoreHow Kings First Rule The People If Israel After The Period Of The Judges990 Words   |  4 Pagesfirst come to rule the people if Israel after the period of the judges. I will examine the reign of each of the three kings. I will explain in detail how their kingdoms enjoyed prosperity when they were obedient to God but how their kingdoms collapsed when they turned from God. Although the prophet Samuel warned the people of Israel against the evils of kingship, the people of Israel did not heed his warnings. U ltimately, in 931 B.C. the rule of the kings of the united Israel would end in the divisionRead MoreDuring the Time of Samuel, Why Did the People of Israel Desire a King?1027 Words   |  5 Pagessin. There was no king or legal authority in Israel and the people acted on what they thought was right and wrong. â€Å"In those days there was no king in Israel: every man did that which was right in his own eyes† (Judges 21:25). Samuel was Israel’s spiritual leader (priest), a prophet, and the last and most effective of the judges. God used Samuel to assist in the change of Israel’s government from a system of judges to kings. Samuel judged Israel until his death, saved them from the PhilistinesRead MoreEssay786 Words   |  4 PagesI have a deep understanding of the many factors that make up Israel as a result of taking classes about the State of Israel and participating in many seminars for Israel advocacy. People that can intelligently discuss these components of Israel, like me, are the ideal people to advocate for Israel. People with deep knowledge of the country are able to defend, debate, and advocate with others who are uninformed or even against Israel in an intelligent, sensible, and sophisticated manner. However,Read MoreArab Israeli Conflict Between Arab Nations And Israel1508 Words   |  7 Pagesconflicts amongst certain Arab nations and Israel. The conflict began as a struggle over land, or the area now known as Palestine. This conflict began at the end of the nineteenth century with the rise of Zionism and Arab nationalism. Arab nationalism was a reaction response to Zionism in relation t o this conflict. While the Arab nation initiated four wars, Israel defended itself and won each time. What use to be a large-scale conflict between the Arab nation and Israel, as shifted over the years to a moreRead MoreAn Informative Comparison Between The Constitution Of The United States And That Of Israel1567 Words   |  7 PagesUnited States and that of Israel. Although Israel does not have an official constitution in place, there are sets of basic laws and rules that will be used to draw conclusions about how they address human rights, government power and structure, and how this may affect the allied relationship with the United states. There is a rather controversial debate regarding the importance of such an ally which brings into question the benefits of large sums of financial aid sent to Israel on a yearly basis. While

Profit Maximisation & Risk Diversification-Samples for Students

Question: Discuss about the Concepts like Profit Maximisation and Risk Diversification. Answer: Introduction: The aim of the paper is to delve into the necessities of business organisations and non profit organisations expanding beyond their core business. The aspect of expanding beyond core business is studied against the backdrop of Grant MacEwan Mountain Club (GMMC) seeking credit line in response in sales growth, which would lead to increase in profitability and reduce their risks. The paper points out the business advantages which is compelling organisations to enter new areas of business. An overview of the case study: According to Caudillo et al. (2015) companies today grow beyond their core business and expand their product lines. This expanded product lines allow the companies to cater to new groups of customers, which help them to earn more profit. According to Timoshenko (2015), companies today diversify their business risks associated with the market conditions like fall of profit due to entry of new powerful competitors. The increased base of customers due to expansion in product line and the consequent increase in profits provides base to the companies to diversify their risks. The investors investing in companies view this growth of companies beyond their core businesses and expansion of their product lines as a security parameter and normally support this growth of companies beyond core business. the banks offering credit offer and allow credit lines to the companies as they see this growth as way to increase revenue and business relationship with the companies. The nongovernmental organ isations like Grant MacEwan Mountain Club, Canadaor GMMC too view this product expansion as a means to increase their profits and diversify their expenses and risks. The banks financing these organisations allow extension of line of credit[1]. Caudillo et al. (2015) reiterates that most of the companies either have adopted the strategy of product expansion beyond their core business or are forming future strategy in the direction. The following discussion would shed light on importance of product expansion beyond core business, which the management of GMMC can incorporate to diversify risks and augment their profits: Expansion of product line, increase in customer base and resultant profitability: Companies today view expansion of their product lines beyond their core product as ways of increasing their customer base[2]. They concentrate on conducting open innovations with other firms of same and different industry to bring about new innovative products. For example, Grant MacEwan Mountain Club or GMMC is offer mountain trips of various categories like easy and challenging ones. The non-commercial enterprise offers these products to people and often requires having certain trainings to participate in very risky treks. It is clear from the discussion that the main customers of the company are mountaineers and people who love going on dangerous treks[3]. The non-government organisation can extend its product line and include products like giving advanced trainings on mountaineering to mountaineers aiming to go on dangerous treks requiring a lot of technical knowledge. The organisation can expand its core product of mountain trips and treks to include other adventure sports as we ll like sea diving. This would allow GMMC to cater to a larger segment adventure sports loving people and consequently increase in the profits. Increase in line of credit from banks and other financial help for growth: Commercial and non-commercial organisations can avail more financial support from the banks financing their business when they adopt the strategy to grow beyond their core business[4]. Line of credit is the facilities institutions financing businesses of both profit making and non-profit organisations. The financing institutions especially banks allow the organisations to avail the facilities of borrowing minimum amount of loan that they are entitled to have access to. The profit and non-profit making organisations can avail this facilities based on several criteria like revenue earning capacity and risk diversification power. Chen and Schwartz (2013), reiterates that expansion of product line beyond their core business leads to profits. As a result, the banks view this expansion of products beyond core businesses of both non-profit making organisations and profit making organisations as signs of their increasing financial strengths and risk minimising capacity. They consequently all ow increase in letter of credit to fund their newly expanding product lines. GMMC is a non-government organisation of Canada whose core business is providing trekking and mountaineering facilities[5]. The organisation must seek expansion of its products beyond its core business products to incorporate other adventure sports like scuba diving. This increase in product would result in growth of sale of its adventure sports products, which would earn more revenue. This future growth of sale and revenue would enable GMMC to avail increase in the letter of credit facility from banks. Thus, it can be inferred from the discussion that growth of business beyond core business helps organisations avail more finanxial help from banks like increase in letter of credit. Reduce risks: Organisations view growth beyond their core products as the modern ways of reducing their business risks. Caudillo et al.(2015) state in their work that, most of the companies are considering this growth outside their core businesses as strategies to diversify their risks. As discussed before, this growth of business beyond the core products requires heavy investment and attracts high risks. The high risks stems from the fact that the new products may not be successful in the market and the companies may not be able to earn positive returns on their heavy investments. This would lead to heavy losses in the market, which may have serious implications like fall in the share prices and consequent reduction in capital generation[6]. However, it can pointed out that with existing the companies and the non-profit making organisations need to expand their product lines to counteract threats from organisations manufacturing similar products. This shows that not expanding beyond core business once again attracts challenges from competitors, which is again a market risks[7]. Thus, business and non-business organisation require expanding beyond their core business to counteract this market risks is increase in credit limit would fuel production of both core business products and non-core products[8]. The expansion of profit and non-profit organisations may take place in other areas like entering new markets beyond their traditional markets. For example, GMMC is a mountaineering club in Canada, which arranges trekking and mountaineering. The club can expand its branches into new markets like the United States of America and Mexico[9]. The club can expand into other segments of adventures sports like scuba diving. These expansions of operations would allow the club to cater to new market segments, which would lead to increase in sale of its adventure sports services and profitability. This would allow the club to diversify and reduce the risks it would face if it limits its operations within Canada like competition from similar mountaineering clubs. It can also face competition from sports clubs catering to adventure sports loving people preferring both sea and mountain adventures. This discussion shows that expansion of business beyond the core products and markets have evolved as new competitive strategy organisations use to earn more profits. This provides substratum, which allows organisations to diversify their losses and risks[10]. Caudillo et al.(2015) state that expansion beyond conventional operations allow business and non-business organisations to diversify their risks and increase their profits. However, it can be pointed that business risks are not restricted to threats from competing organisations. The profit and the non-profits organisations come under influence of myriads of external economic factors like political conditions, economic conditions and technological factors, which remain out of their controls but have deep impacts on them[11]. Diversification of products and operations into new areas enable the business firms to face market uncertainties like economic downturns and shift of customer demands to new products[12]. For example, GMMC can expand its operations into new markets like the US and new products to diversify risks like inflation in Canada. Moreover, the revenue it would earn by catering the customers in new markets and in terms new product lines would help it to counteract loses it would incur due uncertain negative market movements like inflation in Canada. Conclsuion Thus it can summarised that expansion of business operations enables business and non-business organisations to achieve growth in terms of sale, revenue and enable them to get financial supports from banks like increase in their credit limit. This expansion also helps them to maximise their profits and diversify their risks. References: About The GMMC - GMMC". 2017.Gmmc.Ca. https://www.gmmc.ca/home/about. Artinger, Florian M., and Gerd Gigerenzer. "Heuristic Pricing in an Uncertain Market: Ecological and Constructivist Rationality." (2016). Biyalogorsky, Eyal, and Oded Koenigsberg. "The design and introduction of product lines when consumer valuations are uncertain."Production and Operations Management23, no. 9 (2014): 1539-1548. Bocken, N. M. P., P. Rana, and S. W. Short. "Value mapping for sustainable business thinking."Journal of Industrial and Production Engineering32, no. 1 (2015): 67-81. Chen, Y. and Schwartz, M., 2013. Product innovation incentives: Monopoly vs. competition.Journal of Economics Management Strategy,22(3), pp.513-528. Fuller, Gordon W.New food product development: from concept to marketplace. CRC Press, 2016. Gal, Jordi.Monetary policy, inflation, and the business cycle: an introduction to the new Keynesian framework and its applications. Princeton University Press, 2015. Growing Beyond The Core Business". 2017.Mckinsey Company. https://www.mckinsey.com/business-functions/strategy-and-corporate-finance/our-insights/growing-beyond-the-core-business. Mills, Karen, and Brayden McCarthy. "The state of small business lending: Credit access during the recovery and how technology may change the game." (2014). Pozo, David, Enzo E. Sauma, and Javier Contreras. "A three-level static MILP model for generation and transmission expansion planning."IEEE Transactions on Power Systems28, no. 1 (2013): 202-210. Timoshenko, Olga A. "Product switching in a model of learning."Journal of International Economics95, no. 2 (2015): 233-249. Timoshenko, Olga A. "Product switching in a model of learning."Journal of International Economics95, no. 2 (2015): 233-249. Tock, Laurence, and Franois Marchal. "Decision support for ranking Pareto optimal process designs under uncertain market conditions."Computers Chemical Engineering83 (2015): 165-175. Wei, Wei, Feng Liu, and Shengwei Mei. "Offering non-dominated strategies under uncertain market prices."IEEE Transactions on Power Systems30, no. 5 (2015): 2820-2821. Pozo, David, Enzo E. Sauma, and Javier Contreras. "A three-level static MILP model for generation and transmission expansion planning."IEEE Transactions on Power Systems28, no. 1 (2013): 202-210. Chen, Y. and Schwartz, M., 2013. Product innovation incentives: Monopoly vs. competition.Journal of Economics Management Strategy,22(3), pp.513-528. Timoshenko, Olga A. "Product switching in a model of learning."Journal of International Economics95, no. 2 (2015): 233-249. Mills, Karen, and Brayden McCarthy. "The state of small business lending: Credit access during the recovery and how technology may change the game." (2014). Gal, Jordi.Monetary policy, inflation, and the business cycle: an introduction to the new Keynesian framework and its applications. Princeton University Press, 2015. Bocken, N. M. P., P. Rana, and S. W. Short. "Value mapping for sustainable business thinking."Journal of Industrial and Production Engineering32, no. 1 (2015): 67-81. Bocken, N. M. P., P. Rana, and S. W. Short. "Value mapping for sustainable business thinking."Journal of Industrial and Production Engineering32, no. 1 (2015): 67-81. Fuller, Gordon W.New food product development: from concept to marketplace. CRC Press, 2016. Wei, Wei, Feng Liu, and Shengwei Mei. "Offering non-dominated strategies under uncertain market prices."IEEE Transactions on Power Systems30, no. 5 (2015): 2820-2821. Biyalogorsky, Eyal, and Oded Koenigsberg. "The design and introduction of product lines when consumer valuations are uncertain."Production and Operations Management23, no. 9 (2014): 1539-1548. Tock, Laurence, and Franois Marchal. "Decision support for ranking Pareto optimal process designs under uncertain market conditions."Computers Chemical Engineering83 (2015): 165-175. Artinger, Florian M., and Gerd Gigerenzer. "Heuristic Pricing in an Uncertain Market: Ecological and Constructivist Rationality." (2016).

REFERENTS Essays - Modern English Personal Pronouns,

REFERENTS Referents may take various forms, such as: Personal pronoun; I, me, my, mine, she. her, hers, him, his, we, ours, etc (replace a noun) Impersonal pronouns; one, ones (replace noun) Demonstrative pronouns; this, that, these, those (replace nouns, phrases, or sentences that refer to the fact or idea) There, then; (replace adverb of time and place) Such + noun (replaces the description of the person or thing named by the noun) The former, the latter, the same (replaces the previously mentioned person, thing , or idea) Speed-reading is a skill every student should master in order to succeed in his or her studies. In relation to this , some students read slowly but don't know that they do ; others read slowly and know it . Their reading problems are the same , but the latter can be helped more easily because they are already aware of their problems. Before the former can be helped, however, they must be made aware of the problem . t his refers to_____ the same refers to ? t hey refers to the latter refers to? d o refers to they refers to? o thers refers to their problem refers to? it refers to the former refers to? their refers they refers to? the problem refers to? CONNECTORS Connectors are very important for us to be familiar with and master as they will help us a lot to enhance our reading comprehension upon various texts. Connectors can be divided based on their functions which indicate: CAUSE RESULTS or CONSEQUENCES PURPOSE SIMILARITY REPETITION CONTRAST ADDITION CONDITION SUMMARY SPESIFIC REASONS/ ILLUSTRATION