...Understand what you want to get from running your own business Identify what you want to get out of running your own business. You should consider what you expect to achieve in the short term and the medium term. I hope that running my own business will be an ongoing challenge that will give me a sense of satisfaction, achievement and fulfillment. I want utilise all my talents and abilities. I desire to work with food, something I am passionate about and use my creativity to make my business stand out. I would like to gain independence and control of my own future and more power over the way that work fits into my lifestyle. In the next six months I aim to be making enough money through my business to reduce my hours at my other job to part time hopefully. I hope to achieve this level of income through supplying hampers to a number of large groups of self-catering holiday lets in North Cornwall. In the next five years I hope to find premise for café/deli and large-scale hamper production to expand the supply and distribution of hampers. I would also like to expand business to other holiday destinations. Through these developments I would like to be able to support myself solely through the income of my business. Understanding the risk factors involved in self employment Identify and briefly describe the main risks involved in self-employment. In entering in to self-employment I will be giving up steady and guaranteed employment and thus guaranteed income and...
Words: 1265 - Pages: 6
...Real World Case 2: For Companies Both Big and Small: Running a Business on Smartphones BACKGROUND CPS Energy CPS Energy, based in San Antonio, Texas, is the largest municipally owned energy provider in the nation. Acquired by the City of San Antonio in 1942, it serves 717,000 electric customers and 325,000 natural gas customers in and around the 7th largest city in the nation. The company’s VP and CIO compared the company to other major companies like UPS and FedEx, and realized there was a disparity in his business operation – insufficient labor usage due to the lack of adequate communication. From this realization, the Magellan Program was created. As a traditionally siloed workforce, the Magellan Program was a way to “better mobilize and connect its workforce to the people and systems they needed to do their jobs.” It provided smartphones and custom mobile devices to field employees, most of who did not previously have PC’s, cell phones or Internet access. The company was able to build its own secure Wi-Fi networks. Workers now have access to SAP, e-mail, office applications, voicemail, video and pictures, conferencing, and other corporate systems and applications. It extended CPS’s networking infrastructure and connected a traditionally siloed workforce. The program reduced workers resolution process. Field employees can work more efficiently because they have access to data they need to...
Words: 1437 - Pages: 6
...For Companies Both Big and Small: Running a Business on Smartphones 02 September 2015 In which ways do smartphones help these companies be more profitable? To what extent are improvements in performance coming from revenue increases or cost reductions? Provide several examples from the case. Smartphone’s assist these companies in multiple ways to increase their profitability. In the case of San Antonio based utility provider, CPS Energy, it streamlined there operations. In some situations in the field their current model of operation often required multiple, non-specialized individuals to address a single incident or work order. The use of cell phones allowed not only for a single individual in most cases to be dispatched, that individual could perform multiple functions. The Smartphone could be utilized to take pictures on site of damage or infrastructure concerns and relay that information (photo) to the office immediately. This allows expert troubleshooting off-site, enabling instructions to be sent back to the employee in the field or the appropriate individual dispatched; who also will be available, in a moment’s notice, via theory Smartphone. In addition the Smartphone provides GPS capability for tracking and locating and as emergency notification if necessary. All of this translates into to fairly significant cost reductions for CPS Energy. While it does not specifically state in the case study, it can be assumptive that the fewer field personnel dispatched...
Words: 1288 - Pages: 6
...must carry out strong new product planning and set up a systematic, customer-driven new product development process for finding and growing new products. The eight major steps in this process are: 1. Idea generation 2. Idea screening 3. Concept development and testing 4. Marketing strategy development 5. Business analysis 6. Product development 7. Test marketing 8. commercialization Idea generation is the systematic search for new product ideas. Major sources of new-product ideas include internal sources and external sources such as competitors, distributors, customers, suppliers, and others. Idea screening is screening new-product idea to spot good ideas and drop poor ones as soon as possible. Concept development and testing – the product concept is a detailed version of the new-product idea stated in meaningful consumer terms and concept testing calls for testing new-product concepts with a group of target consumers to find out if the concept have strong customer appeal. Marketing strategy development which is designing an initial marketing strategy for a new product based on the product concept. Business analysis is a review of the sales,...
Words: 983 - Pages: 4
...Running Head: BUSINESS MANAGEMENT Business Management PESTEL Analysis PESTEL analysis evaluates the political, economical, social, technological, environmental and legal factors impacts on the consumer buying behavior and their impacts on YouTube business or performance. Political * 1. Political instability in many countries * 2. Changes in current legislation 3. Policies for foreign investors4. Proper security of local and foreign firms5. Relationship between nations6. Wars and conflicts | Economical1. Home economy 2. Economy trends in overseas economies3.GDP and purchasing power of customers4. Interest/ exchange and inflation rates5. International trade and monetary issues6. Investment opportunities and trade balance | * Social1. Demographic changes including sex ratio, population density, and majority people age, etc.2. Cultural and traditional changes3. Educational and language differences4. Social safety and benefits5. Consumer attitudes and opinions on online sites6. Ethnic/religious factors | Technological1. Technological development and innovation growth2. Skilled resources3. Licensing, patentsintellectual property issues4. Adaptation of new technology5.Research & Development | Environmental1. Environmental industrial growth2. Consumer attitudes, opinions and support3. Climate and natural support 4. Business environment and media support | * Legal * 1. Improper law and legal framework related online sites. * 2. Customer protection...
Words: 2599 - Pages: 11
...Running Own Business or Work for Company In today’s uncertain economy it’s not easy to start a business. There are many ups and downs in business, starting a business require a lot of thinking and research. It requires commitment and dedication towards a business. To run a business, you should have knowledge of market, management skills, and know the importance of relationship between you and your customers. When you start your business, you have to find clients and work for yourself. First of all, you have to invest a lot of money. Either its legal paper documents, or to operate with employees. You have to find good and safe location to run business well. Along with knowledge and skills, to start a business a lot of invest is required, if your financial stable and you can handle the risk and you are ready to face up and downs in business, than you can start your own business. Profits or losses directly affect to the owner. It is unpredictable if your business is going to be successful or a loss. When you own a business you have the responsibilities to train your employees, you to look after the inventory, pay checks for employees, and all the legal paper work and taxation. You have the power to decide anything for your business. Even finding a job these days is not easy. To have a job in company, you need to have skills and knowledge for the position you are applying for. There is no certainty working in a company, if company is doing badly, you might get fired and company...
Words: 409 - Pages: 2
...TANAKI $10.00 POLOKA 1 KI HE ME’AFAKA’EIKI ‘O TU’A TAUMOEPEAU. $ 1. Lomu’eiki 10.00 2. Nasalio Mahe 10.00 3. Falakiko Papa 10.00 4. Hetueni Papa 10.00 5. Loukinikini ‘Akau’ola 10.00 6. Panisi Ula 10.00 7. Lotana Kiu 10.00 8. Sitino Maka 10.00 9. Tau Seleti 10.00 10. Lofia Lanumata 10.00 11. ‘Eleni Sili 10.00 12. Solesio Siale 10.00 13. ‘Ahotau Sole 10.00 14. ‘Apolo Palu 10.00 15. Soane & Nancy 10.00 16. Malio Moata’ane 10.00 17. LesilePailate 10.00 18. Malialongo Pohiva 10.00 19. Lusio Vaka 10.00 20. Sakopo Loloa 10.00 21. Sitani Kapeli 10.00 22. Fanio Vake 10.00 23. Pope Lanumata 10.00 24. Paea Siale 10.00 25. Pangia Kavaefiafi 10.00 26. ‘Ana Sili 10.00 27. Siaosi Palanite 10.00 28. Muli Kautai 10.00 29. Fata Ngungutau 10.00 30. Tili Ponofasio Vake 10.00 31. Vaiangina Sili 10.00 32. ‘Etuini Ngungutau 10.00 33. Tevita Hakaumotu 10.00 34. Samiu & Liliani 10.00 35. Soane Male Loloa 10.00 36. Sosefo Ponitini 10.00 37. Vitolio Ongolea 10.00 38. Lautele Tu’ifua 10.00 39. Fotu Pulu 10.00 40. Kite Fononga 10.00 41. ‘Aisake Papa 10.00 42. Faleata Mo’unga 10.00 43. Tiasi Moata’ane 10.00 ...
Words: 1419 - Pages: 6
...ADM 3713 - Management of Information Systems 24 May, 2014 For Companies Both Big and Small: Running a Business on Smartphones Table of Contents Introduction Question 1 Question 2 Question 3 Citations Introduction CPS Energy a company based in San-Antonio, Texas, the nation largest municipally owned energy utility providing both natural gas and electric service. Christopher Baaron, CPS Energy's vice president and chief information officer show that external changes was imminent or else they won't have been a position to compete in the future that's when the company introduced the Magellen Program; as a better way to mobilize and connect its traditional workforce to the people and systems they needed to do their jobs. The goals of the program is to extend CPS’ networking infrastructure, build its own secure wi-fi networks in offices and warehouses, deploy smartphones and custom mobile applications to all CPS staffers who didn’t have a laptop or other mobile device. Previous to the Magellan Program CPS workers had limited access to IT systems and resources if they are not in the office or warehouse, they had to be physically present to diagnose problems, which meant deploying several employees to a particular problem site taking several days to finish. Lloyd's Construction in Eagan, Minnesota, a family run company that provides expert demolition, excavation, roll-offs, waste management, and related services, taking down commercial...
Words: 2069 - Pages: 9
...Linux/Intel Effectiveness For Running E-Business: A Case Study of Oracle E-Business Outsourcing An Oracle White Paper January 2003 Linux/Intel Effectiveness For Running E-Business: A Case Study of Oracle E-Business Outsourcing Executive Overview ............................................................................................. 3 Introduction .......................................................................................................... 3 Why Linux? ........................................................................................................... 4 Price/Performance Measurement of Intel Architecture ................................. 4 UNBREAKABLE LINUX ................................................................................ 4 Architecture for E-Business outsourcing.......................................................... 5 Oracle E-Business Outsourcing Standard Infrastructure .............................. 5 effectiveness of Linux/Intel for outsourcing ................................................... 6 Reliability ............................................................................................................... 7 Reliability Advantages of Oracle E-Business Suite on Linux/Intel and RISC ........................................................................................................................7 Performance .....................................................................................................
Words: 3458 - Pages: 14
...Abbey Bartosiak Final Paper Wednesday, December 10th, 2008 Businesses and Ethics: They’re Surely Not Your Top Running Candidate for “The Golden Rule” The Golden Rule is a rule that is universally known. Although it has been translated differently and all the words may not be the same, it has the same universal meaning: “Do to others what you would want done to yourself.” This rule is one of the few rules that every person is the world is taught and abides (or tries to abide) by in their everyday life. When young children learn this rule, they are told to never forget it and to use it for the rest of their life: through school, for families, for work. There becomes a gray area, though, when The Golden Rule is brought into the workplace. For some reason, offices and workers feel that this rule doesn’t apply to them. They don’t need to be honest because, in some way, they are benefitting themselves. Business is where The Golden Rule gets tossed and people and firms start to act out of egoism, a form of moral belief. To uncover the “how, where and why” of business ethics, one must explore deeper beyond the surface. First, to understand how big businesses violate ethics, one must know what business ethics are and what they consist of. Second, to understand how businesses and workers act of out egoism, one must know what egoism is and what the beliefs pertain to. Then, connections and examples of businesses violating their ethics and how this unites it with egoism...
Words: 3006 - Pages: 13
...challenges and opportunities of running an offshore business” specifically on the “Climate change issues and green opportunities” interests me as a topic for this reaction paper because for the past years now, the world has given much attention to this issue. Businessmen now are very concerned on how to transcend and adopt to green opportunities which is the trend right now since consumers are also very much conscious on the effect of greenhouse emissions and global warming to their health and to mother nature. The topic stimulates more my interest because I want to be aware on how companies advance on an climate-friendly business models, and operations which will result to eco-friendly products and services which are of course appropriate to the climate of the location of their businesses. B. The Relevance And Applicability Of This Report In My Life and In My Environment At Present And In The Future. This report is very relevant to me because it made me become more aware on the effects of climate change not only to myself, to the environment, but also to the business sector on what it can do to the future of the economy. As an individual, at present I might not be that concern on what the effects of climate change would be, but I cannot hide nor deny it that there is really an effect. In addition, the topic also gives me an idea, as a businesswoman in the near future, to venture into products and services that is more environment-friendly and a business that promotes good health...
Words: 405 - Pages: 2
...Budgets & Break-even analysis. P6 Illustrate the use of budgets as a means of exercising financial control of a selected company Fixed Costs- The running costs of a business such as rent and wages. Variable Costs- Costs that varies with the level of output or sales.An example of a variable cost would be direct labor costs. The breakeven point to two decimal places is 6.12 (£68) | Fixed Cost | Variable Costs | Total | Revenue | Profit/Loss | 0 | 416 | 0 | 416 | 0 | -416 | 1 | 416 | 12 | 428 | 80 | -348 | 2 | 416 | 24 | 440 | 160 | -280 | 3 | 416 | 36 | 452 | 240 | -212 | 4 | 416 | 48 | 464 | 320 | -144 | 5 | 416 | 60 | 476 | 400 | -76 | 6 | 416 | 72 | 488 | 480 | -8 | 7 | 416 | 84 | 500 | 560 | 60 | 8 | 416 | 96 | 512 | 640 | 128 | 9 | 416 | 108 | 524 | 720 | 196 | 10 | 416 | 120 | 536 | 800 | 264 | Three ways in which the Hotel Excellent can attract more customers for 2011 and reasons why the method would be effective: 1) Cut down on the variable and fixed costs. The hotel’s costs have risen which has resulted in more loss than profit, therefore if the hotel lower their costs there may be more room for profit. The hotel could get their supplies from cheaper suppliers, could switch companies for their electricity, gas, water and lay off staff if a high volume of staff is not essential. 2) To increase sales the Hotel Excellent could advertise and promote themselves more; this will bring publicity and attention to the hotel. Advertising...
Words: 324 - Pages: 2
...and trainer decided to open his own business a one-stop shop selling running gears and equipments, after being retrenched from his office day job. He decided to venture into this business in particular because of his passion for running and being healthy and fit. There are no shops selling running gears and equipments in his town yet. Any avid or non avid runners who wishes to buy any running gears and equipments has to place their orders on online shops to pre-order their gears and it takes about 2 to 4 months tops for their order to arrive. They not only have to pay the price of the item they have just purchased but also the postage costs are borne by the customers. Being an avid runner himself, Liberman then opened up a shop selling running gears and equipments of various brands, known as Running-Man Shop. The selling prices of these running gears and equipments are set to be the same as the online shops which his customers usually visit. Liberman gloats that opening Running-Man Shop is better than having his customers making online purchases as they do not have to pay for postage costs and Running-Man Shop can cater to the market niche that has been ignored. His shop has become very popular among runners, and his one-stop shop selling running gears and equipments has been very busy since in first opens. Running-Man Shop has become the first one-stop shop famous for its good quality and various branded running gears and equipments. Running-Man earned above average returns as...
Words: 587 - Pages: 3
...Running Room Case Study 10/21/14 T/TH 9:30 AM Present Strategy The Running Room company has been a successful and profitable business since its inception, catering to both avid runners and more casual joggers by selling high end running shoes. Its owner, Raina Cisco, used her background as a nationally ranked runner to establish credibility as a running shoe authority, especially for higher end products. In order to maintain this image of quality, Cisco chose to primarily sell Nike shoes. The Nike brand is associated with performance in the minds of her customers, and she was able to make a $5-$7 premium per pair of Nike shoes. Despite this success, after about 10 years of steady growth, profits began to decline due primarily to large department chains entering the running shoe market, the loss of loyal, aging customers, and difficulty in balancing the needs of these loyal customers with those of the younger generation of serious runners. The Running Room’s current strategy to achieve new growth involves diversifying the product offerings to appeal to not only serious runners, but also more casual consumers. Cisco stocked stores with more fashionable sportswear items for her more cursory customers while attempting to appeal to the running community by offering custom-fit, high performance shoes. This strategy captures a large target market; however, it is ultimately unsuccessful as a growth model because it does not fully satisfy either consumer group. The serious runners...
Words: 1286 - Pages: 6
...Running Header: Keys to Operating A Successful Business 1 KEYS TO OPERATING A SUCCESSFUL BUSINESS RAVINEEL CHAND BUS 311: BUSINESS LAW INSTRUCTOR: ANTHONY PEREZ 11 AUGUST 2014 Running Header: Keys to Operating A Successful Business 2 When it comes to successfully starting and running a fireworks business, one of the most often asked question is “What tools are required to run a successful business”. Fireworks themselves are serious business and to start and successfully run a fireworks business is not as inherently easy as it seems. This paper will attempt to explain potential personal liability for injuries sustained by consumers when using this product incorrectly. It will also analyze the formation of a contract between Acme fireworks and several large retailers inquiring about Acme Firework’s Company’s ability to fill large orders on a regular basis. Along with that, it will also analyze the different employment types and finally recommend a new business entity based on the facts provided. Being personally liable for injuries to consumers who use Acme’s products can be best summarized as in the event a consumer is injured while utilizing Acme’s products, should they win the case in court , the judgment or settlement can be satisfied out of the personal assets of the owner of Acme Firework’s Company. “Strict liability, called liability without fault, means that manufacturers, distributors, wholesalers, retailers and others in the chain...
Words: 2773 - Pages: 12
