...Throughout the inception of civilization, restaurants have been an around in one or another shape or form. The utility of a restaurant or inn can provide to hungry travelers from all centuries of the past with invaluable resources of survival. Often times, whether or not a restaurant or inn was in proximity of travelers would determine whether or not these people met life or death. Nowadays, restaurants provide a convenient way to access a meal without having to go through the trouble of buying the raw food ingredients and cooking it yourself. While there are many kinds of restaurants, fast food restaurants tend to be pop up most often in everyday conversations and the media due to the fact that they are big corporations with vast locations throughout the world and are publicly traded in the stock exchange. White Castle is a famous burger restaurant that was once featured in a popular movie involving two young men on an adventure to said restaurant. It also so happens to be known as the first fast food chain. Founded in the 1920’s, White Castle revolutionized the perception that the public had of burgers. At the time, burgers were seen as low quality and were thought to have consisted of scraps and parts of animals that no one liked to eat. With White Castle setting the precedents, the McDonalds’ brothers soon followed suit, as well as Burger King and Taco Bell in the mid-1900’s. The concept of eating out became more accessible as well as more affordable to Americans. Most fast...
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...Microfinance is usually understood to entail the provision of financial services to micro-entrepreneurs and small businesses, which lack access to banking and related services due to the high transaction costs associated with serving these client categories. The two main mechanisms for the delivery of financial services to such clients are (1) relationship-based banking for individual entrepreneurs and small businesses; and (2) group-based models, where several entrepreneurs come together to apply for loans and other services as a group. In some regions, for example Southern Africa, microfinance is used to describe the supply of financial services to low-income employees, which however is closer to the retail finance model prevalent in mainstream banking. For some, microfinance is a movement whose object is "a world in which as many poor and near-poor households as possible have permanent access to an appropriate range of high quality financial services, including not just credit but also savings, insurance, and fund transfers."[1] Many of those who promote microfinance generally believe that such access will help poor people out of poverty. For others, microfinance is a way to promote economic development, employment and growth through the support of micro-entrepreneurs and small businesses. Microfinance is a broad category of services, which includes microcredit. Microcredit is provision of credit services to poor clients. Although microcredit is one of the aspects of microfinance...
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...AN INTRODUCTION TO CROWDFUNDING The late 19th century saw the creation of one of the world’s most recognisable landmarks with the gift of the Statue of Liberty by the French to the US. While the French paid for the construction and shipping of the statue it was down to the US to fund the base upon which it would stand. With the statue ready to leave France, the Americans were still well short of the $300,0001 needed to build the base and erect the statue. Running short of time the American Committee (responsible for raising the funds) teamed up with newspaper owner Joseph Pulitzer to launch a campaign to invite citizens to donate even small amounts to help in the funding of the pedestal, offering donors miniature replicas of the statue in return. This 19th century crowdfunding campaign raised $100,000 in just five months, contributed to one of the most popular attractions in the world and illustrated the financing power of a large crowd when tapped for funding. While the American Committee were lucky to have Mr Pulitzer and his paper to publicise their plea for donations, others wishing to access so many people would have had no such help. This, however, has changed in recent years with the rise of social media and the new ease with which communities can form and interact online. Annual growth in the number of crowdfunding platforms worldwide Growth |||||||||||| |||||||||||| |||||||||||| ...
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...Oprah Winfrey is an example of an entrepreneur who has reached legendary status not only in the United States but also worldwide. Overcoming a life of hardship, Oprah leaped over all obstacles to become one of the richest and most successful self-made women in history. Her career started at a news station in Nashville where she became the first African American co-anchor. She dropped out of college her senior year to move to Baltimore to co-anchor the nightly news in Baltimore. Although reading the news did not play to Oprah’s strengths, the opportunity soon arose for her to host her own talk show. Her connection with the audience, her viewers, and her guests on this show is what led to her success in this medium and paved the way for her future successes as she hosted one of the most popular talk shows of all time “The Oprah Winfrey Show.” Oprah success as an entrepreneur has been as a business owner, talk show host, philanthropist, actor, producer, director, and author. The greatest economic decision Oprah has made in her career was when she formed Harpo Productions, purchased a production studio in Chicago, and began producing her own talk show (Entrepreneur 2008). This decision gave her complete control over the resources she would need to build a successful business and an even more successful show. It also allowed her to employ hundreds of staff members from all over the world which gave a much needed boost to the Chicago economy. Harpo studios was also the home to other...
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...How to Fund a Non-Profit Community Book Festival Glennie Hillebrandt, Aaron Hutchison, Star Prerez COMM/215 April 13, 2015 Gary Tandy How to Fund a Non-Profit Community Book Festival We are looking to fund our Non-Profit Community Book Festival, The San Diego Community Book Festival. We have filed our paperwork and incorporated the name, and registered as a non-profit. We have applied for the non-profit federal and state exemptions, created our corporate bylaws and appointed our initial directors. Our first board meeting was held and all necessary licenses and permits have been obtained. With the completion of these, we need to take the next step and the most crucial one which is fundraising. When it comes to fund raising, individual donors contribute the largest amount.There is also available funding through grants offered by federal, state and local government. (cite source SBA) The catalog of Federal Domestic Assistance (CFDA) provides a database of all federal programs available to state and local government (cite sources gsa.gov). Upon trying to find funders you need to look to many different resources and not focus on just one. Treating a funder like you would any type of business prospect is key, keep things professional. (Foundation center) The foundation center is not a resource to supply funds, but there to help you in research providing information on how to receive grants and other resources to fund your non-profit. When trying to get funding make sure...
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...benefits a lot of people as well as makes the mind work harder to reassure that profit is made but enough profit to where some is given to solve the world’s inequities. Bill Gates came up with the idea to have big companies like Dell and Motorola and Gap to do the work to help out the world in a way it was beneficial to all. This is mostly explained by making the consumers feel like they are contributing to the need of others by buying their own needs and a portion of the profit they spend goes to the needy. So when someone buys an item from lets say the Gap a small percentage of the proceeds goes to charity. When big companies support organizations like this and let some of the profit go to helping others I feel that it makes the consumer feel special and want to do more as well to make more of an impact in our society. Breast Cancer, RED and a few other special groups have these connections with the big companies to get more support. I feel as the whole world benefits from these things and not just our country. Explaining the three advantages of creative capitalism in relation to businesses is kind...
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...as well as the oversight and data collection for all the students, including post-program follow-up. The outcome of the nations served through 10,000 Women grantee institutions are worth mentioning. Between 2008-2011,Chinese institutions alone have received about $8.7 million, followed by India with $6.3 million, and Brazil, where schools have received more than $3 million. The training schedule for each program are different and it can last from few months to seven months. In order to avail this training, the students must be the owner of a small business and in most cases should have at least five employees. The businesses in which the women are involved might vary a lot and it may include handicrafts, manufacturing and design, agriculture, clothing, construction, tourism, catering, and dining. 10,000 SMALL BUSINESSES (500 words) 10,000 Small Businesses is a $500 million investment . Its main purpose is to help the small businesses create jobs in order to drive economic growth. They do it so by providing...
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...Bombshells Benefit Calendar Business Plan Executive Summary SSSAMM Inc. plans to create a benefit calendar called, Bond’s Bombshells. The calendar will contain photographs of female Bond University students who have been selected to be the Bombshells from Bond Uni. The calendar will include advertisements from local vendors that appeal to the target population along with information on upcoming events on campus. The calendar will not only be functional, to keep up on action on campus, provide coupons and deals with local businesses but the photos of the Bombshells will also be enjoyable to customers’ visual desires. The calendar will be created for the target audience of male students that attend Bond University. This group includes men ranging the age of 16 to 25. Another segment of the population at Bond University that could be potential customers but are not included in the target audience is male faculty and staff. Although their patronage is welcome it is not counted on. No special advertising such as posters or commercials will be used to reach customers. SSSAMM Inc. merely plans that through word of mouth and visual sales will attract customers. Sales will take place at the busiest hours of the weekday in the busiest area of campus, under the arch. SSSAMM Inc. has strong confidence that their product will be very successful. Through market research, a market for the product was established and continuous verbal...
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...system of a country or other area; the labor, capital, and land resources; and the manufacturing, production, trade distribution, and consumption of goods and services of that area”.* In the simplest form of explanation business is the economy, there can’t be one without the other. From all of the big market corporations such as Wal-Mart, Apple, McDonalds, etc., down to the small businesses started by entrepreneurs. Businesses are labeled into two categories; for-profit and non-profit businesses. For-profit business is defined as “a business or other whose primary goal is making a profit.” Any place where you go and receive a good or service and you must pay in return is a for-profit business. A non-profit business or organization is defined as “An organization which focuses a goal such as helping the community and is concerned with money only as much as necessary to keep the organization operating.” Homeless shelters, soup kitchens, medical institutes, foundations for children, even charities in themselves are non-profit organizations created for the good of giving back to the community. For-profit businesses bring in a crucial number of advantages from investment in research and development, rewards for shareholders, high profit that attracts new firms to the industry, risk bearing economies, to tax revenue. Advantages for non-profits are tax exemption/reduction, eligibility for public and private grants, formal structure and limited liability, and the benefit...
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...Entrepreneurial Leadership from Ice Cream Capitalists NAME UNIVERSITY Abstract In the private enterprise system, entrepreneurs are risk takers who seek to make a profit through their business. What makes them different from other small business owners is their overwhelming desire to make their businesses grow. These entrepreneurs can be broken down into many different categories based on their entrepreneurial approach. The classic entrepreneur Fred Wells founded Blue Bunny ice cream. As a classic entrepreneur, he started his company by identifying a business opportunity and allocating his resources to create a profit. The wellsenterprisesinc.com site states they believe in consistent, predictable financial performance that provides a competitive return to the stakeholders, and they believe in being goal and performance-oriented through individual responsibility and accountability. Each year Wells Enterprises has supported and contributed to nonprofit community organizations that reflect the company values and complement business priorities, but their primary goal is to make profits. Social entrepreneurs Ben Cohen and Jerry Greenfield founded Ben & Jerry’s ice cream. They started their business in the same way as Fred Wells, but in addition to making a profit, they also focused on solving society’s challenges through their business. They took a strong internal view that created a value-led organization advocating on issues that don’t have an obvious fit with...
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...BTEC National Extended Diploma In Business Unit 1 - Business Environment Angelica Guamos Year 12 Introduction For this unit I am going to to investigate how businesses operate within the economic environment. There are many elements the a business needs to consider to be successful. There are also many things they can do to prevent problems. As part of this report I am going to look at the the ownership of different businesses, the aims the stakeholders and how the economy can affect the business. P1 Types of business, purpose and ownership Introduction The business world is made up of many types of business in terms of size and ownership. There are also businesses that offer a service to people but do not charge In this section I am going to reseach 2 different types of business to gain an understanding of how different types of business can be successful and fulfil their purpose. ZARA Function / Purpose Zara is a fashion retailer renowned internationally. They are based in Spain but currently have some retail outlets throughout the UK. GAP, H&M and Benetton are the three biggest competitors of Zara. Ownership Zara is brand name which is owned by a company called inditex which is a a public limited company listed on the Madrid stock exchange Characteristics of a PLC A PLC is a limited liability company which sells its shares on a public stock exchange. ...
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...Business is the management and coordination of people and resources to accomplish particular production goals, usually for the purpose of profits. McGowan states, “From a bigger picture perspective, business drives up the standard of living for people worldwide, contributing to a higher quality of life.” The role of business plays in the economy and its influence on your standard of living, imagine a world in which you personally had to produce everything you consume. “You would have to grow your own food, sew your own clothes, cook all of your meals, and build our own car, computer, cell phone, houses, and furniture,”(BUS 100). The economies depend upon the employment provided by big and small business and produce the goods and provide the services to businesses. Businesses are the growth engines of the most successful economy. They do not only create wealth for their owners, but also benefits everyone around the business. A healthy business atmosphere drives up the standard of living for people worldwide, causal to a higher quality of life. Many businesses play a major role in supporting charities and businesses play a vital role in the economy by producing goods and services, filing the needs of society, and other businesses by providing employment and by making improvements in productivity. A business pay taxes to the government and allows the government to function on the tax collected from them. Business Environment states, “For profit and nonprofit organizations play important...
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...Title: Describe what organisations are and why they exist. Explain how they tend to change over time. An Organisation can be defined as the following: “An organisation is a clearly bounded group of people who pursue separate co-ordinated and formally structured activities which together contribute to a common goal” There are several main components to an organisation; these include clear boundaries, enabling the organisation to identify who belongs to a particular organisation; stable structured relationships which allow for clear lines of communication and collaboration between people; defined and grouped tasks, employees having different roles/tasks to complete and a collective purpose. A similar definition is: “Organising is a process of determining who will perform the tasks needed to achieve organisational objectives, the resources to be used and the way the tasks will be managed and co-ordinated" Although organising is not primarily concerned with the specificity of goals and tasks, how things are organised will ultimately have an effect on which tasks can be attempted and the degree to which they are achieved, it is more successful if given to specific people or groups of people rather than those that do not have the required skills. There are different types of organisations that exist; a sole trader is the simplest of such legal entities. It is owned by one person who runs it and is the only person responsible for the organisation, like a plumber...
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...guest of the International Business Global Speaker series, he says the following ‘They are one of the first companies in South Africa to make a strong commitment to CSR believing that doing good is good business by focusing on environmental sustainability and small business viability’. The Pnp foundation’s vision being ‘to enable South Africans to provide for their own needs while inspiring to better themselves and to contribute to their own communities’ .PnP has an entrenched value system which they consider to render a positive impact on the lives of many South Africans. This is evident in their CSR spend in 2011 of R54.4 million. The Small Business Incubator Project was launched in 2010 is one of their most successful initiatives under the mentorship and guidance of Susan Ackerman-Berman who heads up transformation at Pnp. The objective of the projects is to assist small black businesses whether it is getting their products into the Pnp stores as well as other retail industries or providing a service. They are given the financial assistance as well as guidance in all aspects of the business process such as financial, operational, accounting, safety, employment, marketing and production in an effort to sustain their small business. Their mission is to enhance and develop skills such as teaching techniques of organic farming as well as...
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...business strategy, it will be necessary to engage in a full partnership with equal investors and attaining secured loans to support the business endeavors. The salon will offer many of the higher end products and services that will drastically increase the revenue and returns within the business. The salon will initiate in an approximately 3000 sq. ft. building and it will commence with some of the more trendy products and services such as, the tanning bed and spray tans, massage therapy for diminishing cellulitis, among a host of other higher end products and amenities. The 3000 sq. ft. building is included in the initial investment for the business which is approximately $250,000, with returns in the first years. The competition for salon businesses is intense; however, there are lesser full service salons in Alabama and...
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