Small Business Essays


Minimum Wage in the United States

There has been a lot of news and talk about the minimum wage as of late. The talk has come from government, the lower-wage workers of America and other people who happened to be interested in the subject for whatever reason. However, many people that are speaking on the subject seem too interested in spouting soundbites and are concurrently not focused enough on economics and realities as they exist. While it is true that the minimum wage has not budged all that much in the last generation or so, it is also true that it is not a fix-all and… Continue Reading...

Supply Chain Management

representative and as a retail associate. I also own a small business that involves buying used or salvaged cars, repairing them and flipping them at a profit. My former positions have allowed me to form trusting relationships with vendors from various fields and learn how to negotiate contracts with businesses. My organizational skills are excellent; I am dependable and always beat deadlines for all projects. I possess demonstrable good communication skills and can effectively collaborate with suppliers, team members and clients to get a job done well without any hitches. I have been able to smoothly handle emergency situations… Continue Reading...

Strategic Resource Management Hewlett Packard Enterprise

J. P. (2014). Employee Commitment, Motivation, and Engagement. Scarborough N.M. & Zimmerer W.Th. (2006). Effective small business Management. An entrepreneurial Approach -8th ed., Pearson Prentice Hall, New Jersey. Stadtler, H. (2015). Supply chain management: An overview. In Supply chain management and advanced planning (pp. 3-28). Springer Berlin Heidelberg. Subha, P. (2010). Strategic Management. Global Media. Tandon, R., Chakraborty, A., Srinivasan, G., Shroff, M., Abdullah, A., Shamasundar, B.,... & Dhore, P. (2013). Hewlett Packard: Delivering Profitable Growth for HPDirect. com Using Operations Research. Interfaces,43(1), 48-61. Torrington, D., Hall, L. & Taylor, S. (2002). Human Resource Management. 5th ed. s.l: Prenticehall. Wheelen,… Continue Reading...

Different but Related Accounting Scenarios

Accounting Memo Feasibility of Bookstore Business Dear Sir or Madam, You had asked me to study and pore over the feasibility of taking your book store project into a self-sustaining career that would allow you to dedicate your full efforts to. To that end, I have prepared a data sheet and this brief memo to explain what challenges you face, what you have going for you and the overall feasibility of moving forward with this business endeavor. Fixed Costs As people in the accounting sphere know, fixed costs are the costs that are present in revenue/cost of revenue situation no… Continue Reading...

Amazon Vs Ebay

consumers. That gradually morphed into B2C as businesses (from big time car lots to small business owners) saw the advantage of posting items on eBay in order to boost sales. Amazon may appear to the untrained eye to follow in eBay's footsteps by offering a web-based platform where all sorts of sales strategies can be employed: C2C, B2C, B2B -- and yet Amazon's ability to dominate the online marketplace has not resulted in significant income -- at least not from this particular eBay-like niche. (Minus the platform, the two are not even similar in terms of how products are… Continue Reading...

Business Ethics

of Business Ethics, 84(2). Retrieved, from http://link.springer.com/article/10.1007/s10551-008-9700-9 Poladian. (n.d.). Accounting Software for small business - Intuit Quickbooks. Should You Give Employees Corporate Credit Cards? Retrieved September 8, 2016, from http://quickbooks.intuit.com/r/cash-flow/should-you-give-employees-corporate-credit-cards/ Writer Thoughts Continue Reading...

Problems Unsolved and a Nation Divided

SWOT Analysis of the U.S. Economy economy has historically been the strongest economy in the world. The economy boasts leadership in areas such as innovation, entrepreneurship, higher education, communications infrastructure, capital markets, and business management (Porter et al., 2016). These aspects make the U.S. economy an envy of many countries around the world. In addition, the economy has demonstrated quite impressive recovery since the devastating 2008/2009 recession. Despite these strengths, the economy has been deteriorating in the last one decade or so, with many of the economic indicators declining to disturbing levels. Indeed, the competitiveness of the economy has been… Continue Reading...

Positive and Negative Personality Traits

self-efficacy and small firm performance: the mediating role of entrepreneurial orientation. small business Economy. Zahra, S.A., Covin, J.G. (1995). Contextual influences on the corporate entrepreneurship-performance relationship: A longitudinal analysis. Journal of Business Venturing. 10, 43-58. Staniewski, M.W., Janowski, K., Awruk, K. (2015). Entrepreneurial personality dispositions and selected indicators of company functioning. Journal of Business Research. 69, 1939-1943. Continue Reading...

Etherneting

it is recommended that the machine be installed with Microsoft small business Server (which costs roughly 550 dollars and supports as many as twenty-five devices) (Beal, 2011). Surge protection The $33 Tripp Lite TLP1008TEL will be recommended as a protector, which is another important aspect, as electrical power issues prove highly detrimental to networks. Even a one-millionth-second long power surge is capable of rendering a LAN inoperative. Irrespective of cost, power issues which can damage LANs or database servers, stop companies and individuals from serving clients, with immense negative costs. More frequently, power issues begin at electric utilities of… Continue Reading...

How to Judge a Business Idea

Business Idea The Feasibility of New Businesses in the Fast Casual Healthy Restaurant Niche Business Idea Overview The business idea that is being reviewed is a family owned business that is not a franchised operation. The research will focus on the likelihood that a small start-up that is locally owned and operated restaurant can still make it on their own in competitive market. Many of the local businesses that do well in the market are often affiliated with some national franchise that offer advantages such as training, advertising, and some administrative support services among others. However, there are still many… Continue Reading...

Drugs and Gangs Among Detroit Teens

Street Drug Trade Is One of the Most Important Social Institutions for Young People in Detroit From his perspective, Bergmann writes that the street drug is one of the most important social institutions for young people in Detroit. As an institution, the drug dealings and everything surrounding it are becoming a transforming force taking people in a certain way of life and perception. Detroit is known to be a major region of the drug trade, including heroin. Like any other society, it suffers consequences of this in many ways, including the economic, cultural, social, and even psychological repercussions arising from… Continue Reading...

Developing, Managing, and Operating a Retail Business

.....managing and operating a recently acquired small retail business. The paper specifically focuses on strategies for targeting customers and information gathering, a plan for recruiting and training new staff and employee management, the relevance of the concept of one hundred percent location and saturation to the business, as well as important financial dimensions for the business. Also, the paper provides a name, mission, and philosophy for the business, a description of hours of operation, and a plan for cultivating an inviting store atmosphere. Strategies for Targeting Customers and Information Gathering The importance of targeting customers and gathering information about the… Continue Reading...

Capital Investments in Emerging Markets

and Investments. retrieved from: http://www.investopedia.com/university/inflation/inflation4.asp Koening, E. (2016). Sensitivity Analysis for Capital Budgeting. Chron: small business. Retrieved from: http://smallbusiness.chron.com/sensitivity-analysis-capital-budgeting-10153.html Lumby, S., & Jones, C. (2001). Fundamentals of investment appraisal. Cengage Learning Business Press. Mankiw, N. (2014). Principles of Macroeconomics. New York: Pearson. Ross, S. (2015). What is the impact of inflation on liquid assets-Investopedia. Retrieved from: http://www.investopedia.com/ask/answers/032715/what-impact-inflation-liquid-assets.asp Weygandt, J. J., Kimmel, P. D., & Kieso, D. E. (2012). Managerial accounting: tools for business decision-making. Hoboken John Wiley & Sons. Continue Reading...

Mobile Ais Security Issues

Marvin (2015) interviews Dr. Chandra Bhansali about cloud-based accounting systems, discussing a couple of issues. The first is the way that cloud-based solutions are changing the way SMBs do business, and the second is the role that security plays in this. Most small businesses become interested in cloud-based solutions because of the efficiency gains, and in particular solving the pain point related to payroll, but they are concerned about security Bhansali is clear that security is an essential component for a cloud-based system, because the market demands it. Accounting data is sensitive, and companies that utilize cloud-based solutions insist that… Continue Reading...

Minority Women in the Oil and Gas Industry

schools and adult labor market outcomes: the case of black Americans. small business Economics, 33(4), 467-484. Key, S., Popkin, S., Munchus, G., Wech, B., Hill, V., & Tanner, J. (2012). An exploration of leadership experiences among white women and women of color. Journal of Organizational Change Management, 25(3), 392-404. Miller, G. E. (January 01, 2004). Frontier Masculinity in the oil industry: The experience of women engineers. Gender, Work, and Organization (online), 47-73. Simard, C. & Gammal, L. (2012). Solutions to recruit technical women. Anita Borg Institute Solutions Series, Anita Borg Institute for Women and Technology. Continue Reading...

Swot Analysis to Develop Strategy

leave no stone unturned -- attention can be paid to all aspects of the business, whereas some small business owners might ignore certain aspects of a business with which they are unfamiliar. That will not be the case here. The other benefit of having these skills among the business owners is that the company can pay less in salary, which will be essential during the start-up phase. The reality is that quality employees cost money, whereas business owners can get by with minimal withdrawals from the business because they are receiving equity. At the end of the day, it… Continue Reading...

Book Strangers in Their Own Land

paradox in Louisiana is that Hochschild found small farmers had been voting with Monsanto, and stalwart small business owners were voting with WalMart, all the while criticizing the government for not supporting small businesses. The refusal to take personal responsibility for their own problems is something that needs to be addressed frankly. Hochschild builds her argument around the central assumption that conservative voters act on their emotions and a sense of cultural solidarity. Hochschild (2016) captures the deep and disturbing levels of hypocrisy that allow the great paradox to perpetuate itself. The poorest conservatives, for example, will accept their… Continue Reading...

Non Credit Programs on Workforce Education

findings are review results which indicate that 73 of the 426 participating institutions (17%) provide entrepreneurship or small business management degree programs, 131 (31%) award entrepreneurship certificates, and 176 (41%) provide three or more courses in small business or entrepreneurship. Hagan's survey response analysis had the intention of determining the effects (if any) of geographic location, instructor characteristics or institutional mission on the creation and development of small business management programs and community college entrepreneurship. The data was carefully analysed and the analysis showed that the relationship between any of these factors and program growth is insignificant. In Hagan's… Continue Reading...

Federalism and States Rights Regarding Drugs

policies, creating problems for law enforcement working near state borders, as well as small business owners. The conflict between states' rights and federalism will remain salient in American political discourse, and the war on drugs is a classic example of when some federalist policies are doomed to fail. States that have already legalized recreational cannabis are effectively pioneers, leading the nation in sensible drug policy that should eventually be implemented on a federal basis. State-by-state legal marijuana threatens federal drug policy, and well it should. References Adler, J.H. (2014). This is your federalism on drugs. The Washington Post. 28… Continue Reading...

The New Mobile Commerce Revolution

Home Goods M-Commerce During the earlier parts of the internet and technological revolution that began in the 1990's with the emergence of the World Wide Web was what eventually came to be known as E-Commerce. Indeed, there was the shift whereby what was done in brick and mortar stores was increasingly done online. Thus, regular commerce became electronic commerce, or e-commerce for short. Nowadays, there has been yet another shift to a subset of electronic commerce, that being on mobile devices like cellular phones, tablets and personal data assistants, or PDA's. Mobile commerce has become prominent enough that it should… Continue Reading...

Management and Operation Consulting for Google

result, they used AdWords services that mostly encouraged startups, enterprises, small business and even individuals to advertise their goods and services using an online platform. The service adopted by Google enabled users to promote their services using Google ads. For most advertisers, their most concern is on ad prices and their return on investment (ROI). Google looked into these parameters and managed to provide them with an option. Having options is a smart move that facilitates growth in business operations and activities. The option that was made available was to optimize the campaigns that were made online. Therefore, they… Continue Reading...

Online Consumer Reviews from the Consumer Perspective

Brands Boosting Online Marketing Spend," (2012). A remarkable 74% of small business owners say "networking online is just as valuable, if not more so, than networking in person," and the same number claim that they have made the greatest gains in new business leads via online channels ("9 in 10 Online Small Businesses Network Online, 8 in 10 Gain New Business," 2012). Therefore, online marketing is effective clearly in boosting brand awareness, reaching a broader target market, and also entrenching the brand in an existing target market for long-term brand loyalty. Online marketing offers several advantages over other forms… Continue Reading...

Overall Health in Fargo North Dakota

type of business climate exists? Manufactures? Light or heavy industry? Large employers? small business owners? Retail? Hospitality industry? Do people have to seek employment elsewhere? Is this considered a "bedroom community"- where people work outside this community but live here? Make sure you address fully what you observed and NOTE if something was not found within your community area. There is not much industry in the city. The biggest employers are the health care facility and the college. There are some retail shops and many restaurants downtown. • Politics What indicators do you see about politics? Posters? Headquarters? Make… Continue Reading...

Cash and Accrual Basis Accounting

The major difference between cash and accrual basis accounting lies in when the expenses and revenues are recorded or recognized. The cash basis method accounts for revenues when money is actually received regardless of when the invoice was issued. Expenses on the cash basis accounting method are recorded when they are paid out and not when they were invoiced. The cash basis method is mostly used for personal finances and by small businesses. A good example for illustrating the cash basis method is a company could perform some work in a given year and receive payment in the following year.… Continue Reading...

Theory Vs Practice Explained

obvious chasms that becomes clear here is the relationship between theory and what is practiced in a small business setting. To truly look at and assess that paradigm, the author of this report has interviewed an owner/manager at a small business to discuss what they do to make things work, what is suggested in theory and scholarly literature and how those frameworks and lessons do or do not work for their particular situation. The author of this report will personally be making a comparison and contrast between what is asserted within the literature and compare it to the feedback… Continue Reading...

Ecrm Systems for Small Businesses

Optimal e-CRM System for a Growing Business Based on Our Town Photography's dual goal of tracking it clients' purchases while being able to automatically offer similar products and services that complement their purchases, the following overview and comparison of electronic customer relationship management (e-CRM) systems is provided, followed by a recommendation concerning the best system for the company's needs. The advantages of an e-CRM system and why Our Town Photography would benefit from such a system Simply stated, e-CRM systems take advantage of cloud-based technologies to offer companies an efficient means of tracking customer purchases and demographic data in ways… Continue Reading...

Legalshield Pre-paid Legal Services Essay

development new market segments, including the expanding Hispanic and small business services sectors (Carter, 2011). The company offers three basic pre-paid legal services plans, personal, identify theft and small business and a summary of these plans is provided below:     Personal legal plans. These plans begin at $20 a month and members’ spouses are included for this price.  Identity theft plans. Some of the benefits of this membership plan include: * Credit Report and Monitoring * Personal Credit Score Analysis * Complete Identity Restoration Service * Safeguard for Minors small business plans. small business owners can obtain advice… Continue Reading...

One Nation Under Walmart Essay

Walmart is one of the world's largest, most successful, and most vilified corporations. – Art Carden, 2010 Introduction Today, Walmart is the largest company in the world with more than 11,500 retail units in 28 countries, annual sales exceeding $288 billion and 2.2 million employees called “associates” (Walmart corporate and financial facts, 2015). In addition, Walmart is one the largest private employers in both the United States and Canada (Walmart corporate and financial facts, 2015). What makes Walmart particularly noteworthy is that it achieved its current level of success in retailing, and no other retailers have come close to being… Continue Reading...

How to Introduce Business to Social Media

1) A great idea to introduce a company to social media websites like Facebook, Twitter, Instagram, Pinterest, and YouTube? It is hard to imagine a business surviving without some social media presence. Introducing a business to social media is important for several reasons. The first and most obvious is that social media is a marketing tool, and a flexible one. Various forms of social media, or social media platforms, allow the company to deliver a cohesive, consistent message using multimedia. For example, Pinterest and Instagram rely primarily on visuals like video and photos. Companies can use Pinterest and Instagram to… Continue Reading...

Repealing Of Glass Steagall a Mistake

in terms of holding savings and borrowing to buy property. small business relies on these banks as well, for loans and start up financing. When commercial banks are stable, this creates an atmosphere of confidence in the economy. The reality is that when they are unstable, people are more hesitant to deposit money, if they think that there is a chance they could lose that money. With no deposits, banks cannot lend, and that means no mortgages, car loans, or small business loans, and that would be incredibly detrimental to the economy. One of the key objectives of Glass-Steagall… Continue Reading...

How to Understand the Stock Market

As with any of the big questions worth asking, there is no easy answer to whether the stock market is rigged. The real answer is both yes and no. On the one hand, the market has rules and regulations, oversight boards like the Securities and Exchange Commission, and is open for all investors to participate in on a potentially equal basis. On the other hand, the way the market works is clearly “unfair,” as Tepper puts it (1). Unfairness is built into the system because the actual point of sale is not something the ordinary investor is privy to—meaning the… Continue Reading...

Historical Perspective on Supervision

will be more effective when compared to others. Taylor's creative ideas resonated with not only engineers but also small business managers, and engineering institutes and industrialists had been well placed to infuse these concepts into their courses. Taylor's ideas also started having an effect on primary and secondary education. Supervision on the Post World War II era The era right after World War II started by moving away from the scientific method of education. Emphasis was put on not just helping the teacher to create their unique abilities, but also focusing on their psychological growth. Recommendations for a booming… Continue Reading...

Proper Supply Chain Management

& Merz, C. M. (1990). SOLVING THE INVENTORY PROBLEM FOR THE SALE OF SEASONAL MERCHANDISE. Journal Of small business Management, 28(3), 19-32. Hirano, H. (2009). JIT Implementation Manual -- The Complete Guide to Just-In-Time Manufacturing : Volume 5 -- Standardized Operations -- Jidoka and Maintenance/Safety. Boca Raton, Fla: Productivity Press. Mu?ller, M. (2011). Essentials of Inventory Management. New York: AMACOM. Rejda, G. E., & Rosenbaum, D. I. (1990). Unemployment Insurance and Full-Cost Experience Rating: The Impact on Seasonal Hiring. Journal Of Risk & Insurance, 57(3), 519-529. White, R. E., Ojha, D., & Kuo, C. (2010). A competitive progression perspective of JIT systems: evidence from early… Continue Reading...

The Four Control System Steps

of Responsibilities When it comes to the owner and/or executive of a small business, it is not the least bit odd to see that person have a lot of involvement with every little detail of the business. This includes daily operations, resolving problems, working with vendors and so forth. For example, the owner of a restaurant may be heavily involved and invested with a lot of the tasks including guest relations, food preparation, hosting, cleanliness and so forth. Regardless of the example, there comes a point where the owner/executive has to start relying more and on delegation of duties, outcomes… Continue Reading...

Financial Reports and Lending Decisions

about Jason's character (Kiisel, 2013). Many bankers lending to small business want to know that the company has a management team that it can place faith in, that it can trust that the people running the company are not only honest in their dealings but capable of executing the plans that they say they are going to. If Jason is looking to borrow equipment on an 8-year time frame, that is a long time frame for a small bank. That time frame therefore has to align with the equipment that's being bought, and Jason's business will need to have… Continue Reading...