Aurelio Locsin On HubPages
More specifically, there are three things that differentiate small business from entrepreneurial venture, and they are innovation, risk and wealth creation.
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A business’ main purpose is to create a customer because it is basically the consumer who essentially determines what a business is. Although it is significant to provide time and effort on how you are going to improve your products and services, it is still the customers who establish the future success of a business. The cotton buds manufacturing business can be started with an investment of Rs 20,000-Rs 40,000. However the top concerns will change slightly over time. It’s important for people to be educated and have places like this to discuss global issues. Drive right up to entrepreneurship as the owner of a valet-parking service. Restaurants, hotels and convention centers can all use the services of a well-dressed, bonded parking staff. thehellenicvoice The key … Read the rest
When starting a new business, there are numerous signs that can indicate whether you’re succeeding as an entrepreneur or aren’t. The services sectors—however defined, whatever industries happen to be parts of it today—are the consequence of a mature and wealthy economy—as illustrated by historical statistics provided by the Census Bureau. In 1900 services represented 25.4 percent of all employment (business and other but excluding government); this percentage had changed to 50.6 percent by 1980, 57.7 percent by 1990, and stood at 62.5 percent in the census year of 2000. With productivity in the goods-producing industries increasing (fewer people needed to produce the same dollar output) but much more sluggish in growth in the services sectors, employment in the mid-2000s stands … 
When you are the owner of a small business, there are times when the scale of bigger companies can overwhelm you. Manage your running costs. Keep a close eye on your running costs and keep them in line with your projections. Whenever you see something spent wastefully—like electricity, phone plans, stationery, packaging—look around and estimate how much you really need, and minimize or remove the cost in every way possible. Think frugally when you start up, including renting items instead of purchasing them and using pre-paid plans for services your business needs instead of locking yourself into long-term contracts. This is a great business and I can’t tell you how many times …