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It is the ambition of many people to run their own business. In recent years this dream Has become a reality for some made redundant, whilst others may decide to start up in business to be more independent and to obtain the full financial reward for their efforts. Whatever the reason for considering setting up in business, a number of dangers exist. A major concern must be the risk of business failure despite considerable effort and finance having been put into the venture. Time spent in making the decision and thinking through your plans will minimise the risk of failure. Think carefully about ceasing to be someone else’s employee. Certainty of income, both in terms of quantity and regularity, disappears, whilst fixed outgoings, such as mortgage repayments, remain. Similarly, other benefits of employment may be lost, such as life assurance cover, a company pension, medical insurance, a company car, egular hours and holidays. Consider the views of your family and friends. Their support is essential. It is important they understand that the administrative and financial requirements of running a business can be time consuming and stressful. Success in business depends on many factors; most important is the need to critically review all aspects of the business proposition before progressing too far.
In what ways has my perception of reading and writing changed? What information will I be able to use in future courses?
The demographic trend of an aging baby boomer generation, combined with struggling financial markets, has forced many people to delay retirement. This has created some interesting strategic scenarios, not only in marketing opportunities and threats, ..
Discuss the value and the challenges of using technology to help make decisions. Then describe the process you find to be most helpful when making decisions.
At what volume of output would the two locations have the same total cost? For what range of output would location A be superior? For what range would B be superior?
manufacture of business copier workstations has a 75 percent customer retention rate. ir accounting department approximates incremental contribution to profit and overhead as 40 percent. Determine average value of a loyal customer.
Define the scope: Determine what the project objective will be, and define the scope of the project.
The method for evaluating location alternatives that uses their total cost curves is
Customers arrive at a suburban ticket outlet at the rate of 14 per hour on Monday mornings. This can be described by a Poisson distribution.
Is conflict a natural phenomenon? Should it ever be stimulated, or should we attempt to resolve it at all times?
A mail-order house uses 16,000 boxes a year. Carrying costs are 60 cents per box a year, and ordering costs are $96. The following price schedule applies.
You have been asked to lead a discussion group on project monitoring/controlling activities within your organization. You consult the PMBOK and find that it indicates the monitoring and controlling process group. “controlling changes and recommendin..
The time to replace vehicle wiper blades at a service center was monitored using a mean and a range chart. Six samples of n 20 observations were obtained and the sample means and ranges computed
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