July 4th, 2009
Financial capital or funds are essential resources to the entrepreneur. These are the lifeblood of the enterprise. The entrepreneur needs money in starting his business. He also needs money for the development and growth of his business. In many cases, small entrepreneurs have, inadequate capital.
Thus, it Is important for them to be able to identify the sources of funds However, far more Important is the ability to manage funds. There is a basic need to plan and control financial resources. Without such ability, the enterprise is most likely to fail Not a few businessmen failed simply because they have nc competence in budgeting their financial resources relative to their business objectives. When they have the money, they do not know how to ‘use and -control it.
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June 24th, 2009
When one starts to organize a business enterprise, it is pre-assumed that he had conducted a feasibility or market study. That is, he knows his resources, the needs of the community the strengths of his competitors and so forth.
However what counts most is the personal characteristics of the entrepreneur. Hardwork, determination, creativity, enthusiasm and human relations can make the difference between success and failure. Many successful businessman started from scratch. Now they are millionaires. Some of them have not even acquired college education. We have this kind entrepreneurs in our own communities.
In organizing an enterprise, there are several types of business organizations to choose from. These are the sole or also called as single proprietorship, partnership and corporation. The cooperative is also considered a business organization, although its basic motive is service to the members and the community.
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May 4th, 2009
A currency is a unit of exchange, facilitating the transfer of goods and/or services.[citation needed] It is one form of money, where money is anything that serves as a medium of exchange, a store of value, and a standard of value. Currencies are the dominant medium of exchange.[citation needed] Coins and paper money are both forms of currency.
In most cases, each country has monopoly control over the supply and production of its own currency. (Member countries of the European Union’s Economic and Monetary Union are a notable exception to this rule, as they have ceded control of monetary policy to the European Central Bank.) To facilitate trade between these currency zones, there are exchange rates, which are the prices at which currencies (and the goods and services of individual currency zones) can be exchanged against each other. Currencies can be classified as either floating currencies or fixed currencies based on their exchange rate regime.
In cases where a country does have control of its own currency, that control is exercised either by a central bank or by a Ministry of Finance. In either case, the institution that has control of monetary policy is referred to as the monetary authority. Monetary authorities have varying degrees of autonomy from the governments that create them. In the United States, the Federal Reserve System operates without direct oversight by the legislative or executive branches. It is important to note that a monetary authority is created and supported by its sponsoring government, so independence can be reduced or revoked by the legislative or executive authority that creates it. However, in practical terms, the revocation of authority is not likely. In almost all Western countries, the monetary authority is largely independent from the government.
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April 2nd, 2009
A small business is a business that is independently owned and operated, with a small number of employees and relatively low volume of sales. The legal definition of “small” often varies by country and industry, but is generally under 100 employees in the United States and under 50 employees in the European Union. In comparison, the definition of mid-sized business by the number of employees is generally under 500 in the U.S. and 250 for the European Union. Small businesses are normally privately owned corporations, partnerships, or sole proprietorship. In Australia, small business is defined as 1-19 employees and medium businesses have 20-200 employees.
In addition to number of employees, other methods used to classify small companies include annual sales , value of assets and net profit , alone or in a mixed definition. These criteria are followed by the European Union, for instance headcount, turnover and balance sheet totals. Small businesses are usually not dominant in their field of operation.The smallest businesses, often located in private homes, are called microbusinesses. The term “mom and pop business” is a common colloquial expression for a single-family operated business with few (or no) employees other than the owners. When judged by the number of employees, the American and the European definitions are the same: under 10 employees.
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March 18th, 2009
Blogging is now the new way of expressing yourself. There are many reasons why people do blogging. Some people love writing and with the use of internet he can express anything that is on his mind and anything that he thought. What great about it, it is high tech. Where even at home you can make a blog post and after you have publish you will a few second and a thousand of people can read your thought and writing. Isn’t that great unlike writing in an books. You have to wait for a reader to buy your books. But with blogging even those who are just searching for their assignment at school can even read your post. Just have a keyword that can easily be search.
I only thought that blogging was just for those who wanted to make money, business owners, fashion blogger. I have found a site about a photographer blogs. I also like looking at different photos and images thinking of what is the feeling of the photographer while taking this photos. Why did he decided to take pictures of the scene. You can take a picture of anything what as what as I can see to photographer. There are things that caught of there eyes then they picture it.
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