Role of the Entrepreneur in Setting Up a Business Essay Example for Free

Role of the Entrepreneur in Setting Up a Business Essay Entrepreneurs are the individuals who start new businesses in the economic marketplace. These individuals may start businesses for a variety of reasons, including working for their own self-interest, making more money, improving their local community or enhancing their quality of life. While entrepreneurs may face a number of issues when starting a business, they usually have the psychological resolve and positive outlook to overcome these issues. Other People Are Reading * Help With Setting up a New Business * How to Start an Entrepreneur Cosmetic Business 1. Facts * Entrepreneurs usually offer the vision, goals and objectives for their start-up companies. Goals and objectives oftentimes are simple during the early stages of the company; goals typically include building a strong customer base and making enough money to break even. As entrepreneurs continue to establish their businesses, the importance of goals and objectives typically increases. Once employees are hired to work in the business, an entrepreneur must be able to translate the company’s vision and objectives to new employees. Function * Start-up companies usually require a business plan to begin its operations. Entrepreneurs are usually the individuals responsible for writing the business plan and developing specific information related to the start-up company. The business plan is often used to secure external financing for starting the company and expanding its operations during the early stages of operation. Entrepreneurs may also use the business plan as a road map to direct the business as it continues to grow and expand in the business environment. * Sponsored Links * Trademark Registration Worldwide Trademark Registration Protect your brand internationally! www.MARCARIA.com Considerations * Entrepreneurs may choose to hire individuals during the early stages of business to complete specific technical business responsibilities. Accounting, production techniques, corporate finance or payroll may be positions entrepreneurs need to fill when starting the company. Individuals with these technical skills help the entrepreneur to create a solid foundation for the new business. Because entrepreneurs often are responsible for building the customer base or attracting new clients to the business, they may not have time for these internal business functions. Misconceptions * Setting up a new business is not always an easy task. Depending on the type of business or the current economic environment, entrepreneurs may need to spend copious amounts of time or money when starting businesses. Entrepreneurs also may not be successful in every business they attempt to start. However, their internal resolve and desire to succeed often leads them to new and better business opportunities. Expert Insight * The Small Business Administration (SBA) is a government agency entrepreneurs may use to research important economic and demographic information. The SBA provides start-up companies with various amounts of business, financial and economic information for starting new companies. The SBA also operates local business offices to help entrepreneurs obtain specific information relating to local markets. The SBA usually operates the local offices in conjunction with local community or state colleges and universities.

Psychological Research Report on Memory Essay -- essays research paper

ABSTRACT How is memory encoded and what methods can lead to greater recall? There have been many different models suggested for human memory and many different attempts at defining a specific method of encoding that will lead to greater recall. In this experiment subjects are asked to do a semantic task on a word related to them and an orthographic task in which they analyze the letter in the word. The results of the experiment indicate that the words which where encoded semantically and are related to the self have greater recall. INTRODUCTION In the last half century several theories have emerged with regard to the best model for human memory. In each of these models there was a specific way to help people recall words and images. The first model of memory is the short term and long term memory. In this model information is temporarily stored in the short term memory. Over here it is easily and quickly recalled and it can stay in short term memory and be recalled if the person rehearses it. When information leaves short term memory it goes into long term memory. While long term memory has a much larger storage capacity it is harder to recall items from long term memory. It has been proposed that items from long term memory are recalled by having large part of it placed in short term memory where it is examined to see if it has the necessary piece of information. If it doesn’t then either the person gives up on recalling it or takes another large set of information from long-term memory to examine. (Atkinso n & Sciffrin 1971). However this multi-store view of memory has not provided a strong enough explanation for scientists. Another theoretical view of memory is the idea that memory is based on depth of proce... ...nitially rehearsed by recognition could have greater recall. An example would if this experiment asked subjects to again find a letter in a word if the word appeared before. It has also been shown in this experiment that words that are related to oneself can lead to greater recall. However this experiment has not tested whether words related to oneself have a greater recall then other words that are encoded semantically since the other grouping of words were not semantically encoded. REFERENCES Atkinson, R.C. & Schifrin, R.M. (1971) The control of short-term memory. Scientific American, 225, 85-90. Zachmeister, E.B. & Nyberg, S.E. (1982) Levels of Processing. Human Memory, Ch.12, 250-273 Klein, Stanley B. & Kihlstrom, Jhon F. (1986) Elaboration Organization and the Self-Reference effect in Memory. Journal of Experimental Psychology 115, 26-38

Economic development in low income countries Essay

It is no secret that despite the breakthroughs in international economic dynamics, development is still elusive to some of the world’s poorer countries. However, current trends indicate that some of these low income nations are actually faring much better than others. Countries like China, Vietnam, and India might be well on their way to economic prosperity. The purpose of this paper is to identify the current aspects that affect economic progress and identify existing trends within those aspects. This paper gauges the sensitivity of low income countries to such trends. In particular, this paper discusses the aspects of globalization and education; the parts that each of these aspects play in determining the economic fate of low income countries. In the continuing rise of globalization, lines that have previously separated nations are now being blurred. The advent of free trade a few decades passed has increased not only economic, but cultural interactions among countries worldwide. These developments preview a globalized perspective of the economy, where the concept of nation as an economic barrier because of tariffs and trade regulations may no longer apply. If we look at how low income countries fare in the light of a globalizing world market, there are varied effects that can be observed. The influx of multinational corporations into countries of the third world brought about by the prospect of more affordable labor boosts employment rates and strengthens these countries’ current economic standing. Countries like India, Vietnam, and the Philippines currently thrive on jobs provided by various outsourcing corporations from the United States and Europe. On the other hand, some countries tend to suffer trade abuse from countries with stronger markets when it comes to the lowering of trade barriers. Without trade barriers on foreign products, the local companies of poorer countries find it much harder to compete with their foreign counterparts. The larger companies obviously have greater capital and can afford to lower prices much more than local smaller companies. On the other hand despite the lowering of tariffs in the countries where larger companies are based, smaller companies from other countries who want to enter into those markets still have a hard time. A good example of this can be seen in the case of China and the Philippines. China’s booming economy exported goods worth over $18. 6 million into the Philippines in 2005 while the Philippines was only able to export $2. 3 million (Rogers, 2006). Clearly, smaller companies in the Philippines are sorely outclassed by Chinese capital and cheap labor. China has is in fact making remarkable market headway in the international arena despite the prevailing low average income per annum of U. S. $2,040. With regards to direct investment, smaller companies yet find themselves outgunned once more by their larger competitors. Direct investment allows large companies to infiltrate chap labor markets where smaller companies operate. They are able to offer higher wages to workers from smaller companies owing largely to wide differences in capital which is boosted more by differences in foreign currencies. On the other hand, smaller companies neither have the ability nor the need to expand their workforce and operations into other countries. Foreign direct investment is not only useless to them, but it also creates an avenue for their workers to be pirated by larger foreign companies. Therefore it can be concluded that globalization is value neutral when it comes improving the economy of low income countries. Both India and the Philippines experienced long colonized rule which resulted to staggering economies in both cases. Yet after their freedom from their respective conquerors, the economics as well as other aspects of advancement in either country took different turns. Economically, India lagged behind the Philippines for many years proceeding World War II, but India’s investment in education eventually paid off. The Indian government sets aside as much as 55% of the national budget for the development of basic and tertiary education from since 1968 (Basham, 2005). The Philippines also allocates considerable budget in education but rampant corruption in the country prevents any authentic development from occurring. As a result, the country fared consistently low in successive Trends in Mathematics and Science Studies examinations conducted in 1999 and 2004 (Basham, 2005). The trends brought about by education reflect the quality of labor that a country has to offer and consequentially, the strength of its economy. While outsourcing western companies still obtain services from the Philippines for their call centers and medical transcription needs, they go to India for specialized and technological professional services. Therefore it can be concluded that advances in education equate to advances in a country’s economy. It also holds true that countries that make considerable genuine investments in their education system develop a citizenry that fares relatively better in the international job market than countries who do not. In conclusion, there are indeed varying rates of economic development present in low income countries. These rates are partly dictated by trends in globalization and in education. It is imperative for less developed countries to take heed of their neighboring countries’ actions and follow suit, or risk being left behind by a rapidly evolving world economy.

Greatest Writer Of All Time - Free Essay Example

Sample details Pages: 3 Words: 830 Downloads: 4 Date added: 2019/08/08 Category Literature Essay Level High school Tags: Mark Twain Essay Did you like this example? Who is the greatest writer of all time? Its a broad question, however still to a lot of people, the answer is Samuel Clemens. If youre not sure who that is, thats understandable. Maybe the name Mark Twain will ring a bell for you. A writer who through up and downs achieved tremendous writing success. Mark Twain, has contributed a lot to American society through his childhood, adolescence, adulthood, and literary influence. On November 30, 1885 in Florida Missouri, a boy named Samuel Clemens was born. He was the sixth born of John and Jane Clemens. John Clemens was often described as a very unsmiling man and that he was never actually seen smiling. That vibe could also have been described for Hannibal, the town in which a young Mark Twain lived in. Don’t waste time! Our writers will create an original "Greatest Writer Of All Time" essay for you Create order Growing up in Hannibal, murder was a consistent seeing in the town. A young Mark Twain Clemens even once witnessed a local man murder a cattle rancher and also witnessed a slave owner brutally murder one of their slaves. Other than the murder, Hannibal overall was considered a decent place to live, with steamboats coming frequently, circuses, and good libraries as well. When Twain was only 12 years old, his father passed away, leaving him to have to drop in order to get a job to help provide for his family. Twain then got a job as an apprentice printer which he made small rations of food before becoming an editor and occasional writer at the age of 15 at the Hannibal Western Union which was owned by his brother Orion. In 1857 at the age of 21, Twain starting to learn the art of piloting a steamboat on the Mississippi river and became a licensed pilot by 1859. Soon the became a regular job for him as he would pilot boats down the river. Although he loved his job and it paid well he didnt work there for long as the Civil War stopped a lot of river traffic. Twain actually joined the Confederate Army but it was only for about two weeks before the unit that he was apart of fell apart. After the war and not going back to his previous job, he wondered where he would work next and be able to enjoy his job and bring it good money. He then decided that he would move west. In July of 1861 he headed to Nevada and California where his main goal was panning for silver and gold where he thought he would be able to become rich. That was the national trend at that time and lots of people were able to end up getting rich that way. However it did not pan out that way Twain and by mid 1862 he was completely broke and in need of a job. That November he ended up getting a job for the Virginia City Territorial Enterprise where did editorials, sketches and different news stories. While he was working there that is when he finally picked up the pen name Mark Twain which actually steamboat slang for 12 feet of water. While working for Virginia City, quicker than most he became a very well-known storyteller in the western side of the country. He had a unique style of writing for his time that drew a lot of readers to his bodies of work. In 1867 Twain took a cruise across the Mediterranean and wrote about humors that he saw and encountered on his cruise for his newspaper. However he really had a goal of making a book out of the trip. The book that came from the trip was The Innocents Abroad and it became a best-seller immedietly. Soon after Twain married 24 year old Olvia Langdon and settled in Buffalo. He felt like mos t of the country was ran through a variety of different aspects in the east coast, so that is the reason him and his wife settle in the east. Twain and Langdon also had 4 kids. Mark Twains The Adventures of Tom Sawyer published in 1876. Not long after he began writing was the sequel to that which was Adventures of Huckleberry Finn. It was said that writing these stories freed him of the culture in which he lived in and embraced. Although it took years for Twain to write them, those two especially along with many more stories from Twain have become incredible influences on American Literature, and will be forever. Mark Twain, has contributed a lot to American society through his childhood, adolescence, adulthood, and literary influence. Twain to me changed writing forever, based on his background, where he came from, and his styles of writing. Learning about Twain has taught me to keep working towards what you want no matter what your circumstances are. He went from living a great life, to broke, to living an even greater life than before. Twain no matter what his circumstances were gave it his all. Its not the size of the dog in the fight, its the size of the fight in the dog.