Basically, the author is comparing opening a business from scratch to buying an existing business. The text gives a much more thorough explanation of course, because it has more space to develop concepts and ideas. The author is clearly a fan of buying an existing business, and does a good job of discouraging entrepreneurs from creating a business from scratch. She cites many facts about start-ups vs. existing businesses, and reading her article might scare some people away from starting their own business, even if they have an excellent idea. I think that does a disservice to some people. Her advice is good, and it is clear she has experience in business and start-ups, but she does not give much hope to people who have a good idea and are not afraid of the difficulties of starting from scratch, and I think this is a disservice to many people. The text notes there are several advantages to starting a new business, from creating something that never existed before to the thrill of seeing something come together and thrive. Yes, there is more risk, but entrepreneurship is risk-taking at its best. Entrepreneurs have to be risk-takers to want to be self-employed and create their own business, and she does not seem to acknowledge that fact.
This article gives a good overview of buying a business. However, it does not cover some of the disadvantages of buying a business, which can be a bit daunting. She does not cover many items a new entrepreneur should think about, including taking over bad debts or excessive inventories,...
Business Plan INSIGNIA SYSTEMS Insignia Systems, Inc. Business Plan The Business Profile: Insignia Systems, Inc. Business Description "Insignia Systems, Inc. markets, sells and supports in-store advertising and promotional products, programs and services designed to provide retailers and consumer goods manufacturers with highly effective in-store programs and point-of-purchase display materials" (Insignia Systems, 2012) Insignia is engaged in advertising to customers in a retail environment who may otherwise not see the product advertised. One of the slogans that
Business Summaries This chapter addresses the reasons that one should study business and businesses to begin with. The authors make the point that they do not intend for this to be a narrow study that just focuses on particular examples of successive and failed businesses, although it will include case studies too. But the major point of studying business, the authors write, is to provide a larger sense of what is needed
Business Proposal Finding a Solution to Our Camera Failure Problems at Images Studio Images Studio is a full service photography studio offering multiple photography services. For more than 15 years, Images Studio has been capturing life's memorable moments. Our creativity, knowledge and caring, professional service provide our clients with images of the highest quality. Our clientele choose Images Studio because they can be assured we deliver on our promises of exceptional quality
2% of the population is younger than 14; 58.2% is aged between 15 and 64 and 3.6% is over the age of 65. This affect Giam's in a positive way as most of the population is properly aged to work The median age of the population is 20.2 years, with 19.9 years for men and 20.4 years for women The birth rate is of 29.85 births per 1000 individuals The death rate is
Business Ethics Palmeri, C&Rupp, L 2013, May 3, Disney Bangladesh Exit Pressure on Clothes makers Who Stay, Retrieved from http://www.bloomberg.com/news/2013-05-03/disney-bangladesh-exit-puts-pressure-on-those-who-may-stay-1-.html The work of Palmeri and Rupp (2013) is focused on highlighting the issues faced by the multinational organizations while operating in developing markets. It is highly likely for large organizations to develop their overseas presence. However the economically developing markets a number of issues including environmental, infrastructural, and compliance with health and
Business and Human Resources Apple Company Inc. Apple was founded by Steve Wozniak, Steve Jobs and Ronald Wayne in 1976; however it was integrated in 1977. It is an American company which not only produces computer electronics, personal computers, portable devices and software but also sells them. Apple has been in this business since 30 years and in this time span, it has faced highs and lows in its economic activity. It
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