Introduction In the last 10 years the United States has had its predictable economic downturns. Many companies felt the economic pinch. This was the beginning of mass layoffs. Citizens that were longstanding employees found themselves without a position and an income. Just as necessity is the mother of invention, many people decided to become entrepreneurs. This lack of faith in the economy spurred many people to become the masters of their own fate. DeAnna Durr is one such person. She would like to open a deli. But with various business models, which would be the best fit for her new venture. Business Models There are two obvious business models. These models are company-operated and franchise. A quick definition of a company operated business would be a startup, or business owned by an individual. A franchise is a business model that involves ones one business owner selling the licensing and trademarks and methods to an individual businessperson. The pros of cons of each are listed below. The startup model contains many benefits: • The owner is her own boss. • All of the profit belongs to the owner. • The initial investment can be very small. • The owner can do creative promotions.(i.e. Family night) • The owner has the freedom to create new products. • The owner can forge her own strategic alliances. • The owner can pick the location. • The owner has the additional flexibility of closing or moving the business. The startup model contains a few drawbacks: •
Debra L. Lee in approximately 1986 was given the break to be groomed as Mr. Robert Louis Johnson's successor. Johnson was the CEO Lee took the knowledge and soared with it. As BET grew into a multinational media firm, Lee's obligations grew as well. In 1991, Lee was provided the assignment for taking BET national. Which made BET the first black-owned company to be listed on the New York Stock Exchange. Lee has often regarded this as one of her most impressive moments. (www.encyclopedia.com/doc) After proving her abilities to propel BET into the mass media market, Lee was given a grander opportunity. She was offered the opportunity to be President and Chief Operating Officer, in charge of BET's day-to-day operations during a period of major expansion. During this expansion, the conglomerate added event productions, theme restaurants, a men's clothing line, a financial services division, and new cable networks—BET Jazz, BET Gospel, and BET Hip Hop. BET International broadcast jazz to Europe and Africa. Black Entertainment Television was in steady progression with Debra Lee in the driver’s seat. BET was cornering the market in many areas, the website became the top gateway for many African Americans.
There are many other forms of business entities available to entrepreneurs, the main type are sole proprietorship, general partnership, limited partnership, limited liability company (LLC), and corporations.
Most small businesses require some outside funding. Not many entrepreneurs have enough personal capital to open and maintain funding for a business. To attract investors and attain partnerships, a business owner should consider a business model necessary. This paper will compare two restaurant businesses, identify the business model and forms of ownership for each business by completing a Comparison of Business matrix, describe benefits by building a sustainable competitive advantage, and giving advantages and disadvantages of each business
The 1920’s for Americans was extremely difficult due to The Great Depression, where many families lost their jobs, homes and were left in poverty. America was desperate for help and sought anything to get them back on their feet. The political issue began to rise as communism was becoming popular in many areas, which led to the Red Scare. The Crucible by Aruther Miller addressed this topic in a different way, by using religion and government corruption as the plot of the storyline. Aruther Miller’s character development of Reverend Hale was used to show how absurd and ridiculous these accusals were.
A business model is an important and integral part of the business a strategy of any firm whether big or small. The way a business model is developed determines and indicates the values, ethics and principles on the lines of which the business at large will be operating. It also indicates how the business is going to function and covers various internal and external dimensions of a business and the organization as a whole.
This essay outlines the best business structure for a sample company wishing to open a restaurant. The essay details why this structure is the most advantageous for the company. The advantages are listed and discussed in detail, explaining how each element applies to business law and operation for the sample company.
A business model is a company’s perception and conception of how the set strategies that a company pursues
Pocahontas was born in 1597. In 1607 the natives welcomed English at Jamestown. The settlers say that about 200 armed natives attacked Jamestown on May 26. In early December, John Smith is captured by the Powhatan tribe. In late December, Smith was taken to Chief Powhatan. In 1608 Chief Powhatan released Smith. Smith wrote a book about his captivity. In 1614 John Rolfe and Pocahontas got married. Pocahontas and her family sailed to England in 1616. John Smith claims he wrote a letter to the Queen urging to host Pocahontas. Pocahontas is now known as Lady Rebecca. Pocahontas made a media splash in England. Pocahontas died in 1617. In 1624 Smith wrote a second book.
Being a thought leader around change and diversity is a strength that the Academy’s president is known for, it speaks to her digital footprint and her brand. Boone Isaacs, transparent approach and open conversations with academy officers, creative talent and the public follows the same path that her digital footprint follows - Open, Strategic, and Clean.
Business models have a huge impact on how an organizations operate. It is crucial that an organization chose a business model before inception in order to succeed. Basically, business models have become the new basis of competition, replacing product features and benefits as the playing field on which companies emerge as dominant or laggards (Plantes, 2013).
“Will Jig have the abortion and stay with the man; will Jig have the abortion and leave the man; or will Jig not have the abortion and win the man over to her point of view?” (Hashmi, N, 2003). These are the three different scenarios that have been seriously considered in Ernest Hemingway’s short story, “Hills like White Elephants”.
A business is a person's regular occupation, profession, or trade.it is also an organization or economic system where you can exchange goods and services for one another or for money. Every business requires some form of investment and enough customers to whom its output can be sold on a consistent basis to make a profit. Businesses can be privately owned, not-for-profit or state-owned. There are four different types of business, you have Sole proprietorship, Partnership, Limited Liability Corporation (LLC), and a Corporation. A sole proprietorship is business that is unincorporated that is owned by one individual. A partnership is a business ran by two or more people, it is a legal entity where they join to carry on a trade or business. Limited Liability Corporation (LLC) is a structure that
However, this paper chooses this definition as theoretical perspective of analysis for this paper subject to the following modifications: A business model is overall framework and philosophy by which a company (intends or) creates value in the market place through enhancement of its own combination of raw or in-put materials to create products (tangible and intangible including services), product packaging and systematic distribution in order to generate some or the best possible profit.
The most timeless and versatile business models are the freelance, the solution, the specialization, the debt, and the first to market business model. Of course, when developing business ideas, you can blend any of these common models, or do an entirely new version of them. Theoretically you could have separate business lines with different models operating as one unit.
After the creation of a business plan, the next step to operating a business is the selection of an appropriate business structure. Different legal forms of business ownerships affect different managerial and financial factors from the business names to the tax obligations (Gregory, n.d.). The most common forms are sole proprietorship, partnership, cooperatives, and corporations. There are different types of corporations in the business world, but the two most general corporation types are S Corporation and Limited Liability Company (LLC) (Ferrell et al., 2013). The sole proprietorship is the easiest and most basic form of business ownership. It is owned and run by one individual, which is the proprietor. The individual is entitled to all profits and is responsible for all the business’s