Gary Salmon Interview Essay

Helen’s is an upmarket fashion boutique store in Sydney’s east. Falling sales have been reflected by surveys that reveal consumers view the business as outdated and no longer relevant to consumers’ needs. Strong competition in the area has placed considerable pressure on pricing. The business’s target market, 50-65 year old females, no longer dominated the now younger demographic character of the area.

Note: Final Sign Off can only be done when the student has completed both theory and practical components of the unit. (Please attach evidence of theory and practical at the back of the coversheet)

As it relates to my chosen entrepreneur, Mark Cuban experiences the rise of new businesses on a regular basis. He is one of the main cast members on the show ‘Shark Tanks’, where a group of successful business leaders listen to new self-starters promote their ideas in hopes of a loan from one of the “sharks”. The show itself has helped inspire many American entrepreneurs to come up with new ideas.

Paulo Sanchez feels that there is a market niche for software that helps entrepreneurs file for

·         Discount: do not provide investment advice. Fees are kept low because discount brokers offer fewer products. They are paid on salary, not commission.

A solution to help decrease the bankruptcy in retired pro athletes is by making them take a business management class. Steinberg thinks most pro athletes when drafted have a lack “of competent financial planning advice” (Steinberg). This is a big deal when it comes to a pro athlete. Without financial experience or knowledge, a pro athlete can be swindled into a deal when they do not know everything that comes with that deal. Too many athletes “had not only failed to plan for the future, but lacked a basic understanding of money management” (Callahan). Making athletes take a business class would help inform athletes on how to handle their money. Another solution companies can do is hire a financial advisor to every player. Assigning an

1. What would be the aims and objectives of the business Luke is planning to implement after graduation?

Management plays one of the most vital roles within a company. Effective leadership improves the efficiency of the organization, ensures deadlines and launches are met, and empowers subordinates to be accountable for their objectives.

Throughout our Business Management course I have learned an abundant amount of relevant information. The content ranged from topics as basic as a company’s mission statement, to more complex managerial responsibilities. While all the information was important, there were three chapters that I found to be particularly beneficial. Chapter 4 Managing Ethics and Social Responsibility, Chapter 5 Planning and Goal Setting and Chapter 8 Managing Change and Innovation contained information that pertained to topics I find most important. I find that ethics, planning and obtaining goals, and dealing with change in a work environment are the most important things to know in any business

If you are just starting a business or if you have been operating your business as a sole proprietorship/general partnership, you might wonder about the advantages that come with incorporating your business as an S corporation. Many business owners immediately assume that doing so would be too expensive or too time consuming, but neither drawback is actually true. Additionally, the LLC is now an option for those looking for a different option. In the not too distant past, only individuals or corporations could be licensed. This led many contractors and other professionals looking for liability protection towards incorporation. California now allows LLCs to be licensed; although licensing your LLC will mean higher fees in comparison to individuals or corporations. If you still feel that the S Corp might be the best option for your business, take a minute to clarify just what the S corp entails alongside the advantages and disadvantages it offers your company.

The field of business has so many opportunities open for those who are highly interested, or just want to learn a thing or two about management and administration. A business owner plans, directs, and coordinates the operations of the selected business. The responsibilities include policies, daily operations, purchasing, and all administrative duties. The field of business has had over 280,000 jobs in the year of 2012 according to the census, and it has done nothing but continue to grow over these past few years. Health care, technology & science services, and financial services are the most common business related careers that have

My business “Ralph’s Remedies” has been doing great in business and I have realized that I need a digital dashboard to help me operate my business better. I am going to use my digital dashboard to help me keep track of of inventory to know how much merchandise and prescriptions are sold in a day to maintain products people buy and keep them in stock. Watching trends at the end of every day can help my business have correct products and the right amount of inventory. I would keep up with management to know what customers are saying and if they are satisfied with how the business is going. It can help me gather information to know what customers are looking for and how it can benefit my business. Using the digital dashboard I can keep up

| Strengths2nd established Walt Disney Theme Park In Asia:Japan is the only other country in Asia to have the Disney theme park. Hong Kong Disney also has the least expensive tickets as compared to other Disney parks.Strong financial backing:The Hong Kong government holds a 57 percent stake in the park, and has invested close to 80% of the cost of the part.Vast experience in managing theme parks successfully:The Walt Disney Company has 3 theme parks that are on Forbes’ list of world’s most popular theme park.Ability to change and adapt to culture:Disney Hong Kong was built with rules of Chinese Feng Shui. Chinese taboos have also being taken into consideration in their

Terminations are one of the most unpleasant and difficult aspects of business management. While most companies now employ "at-will" contracts that basically stipulate employees can be terminated for any reason at any time, it is still important for organizations to document legitimate reasons for letting employees go. Wantonly dismissing employees without reason or record leaves companies vulnerable to litigation which can be time consuming and draining on an organization 's resources. This can also damage a company 's reputation among workers and in the industry causing workers to look for employment elsewhere for fear of their own positions, and repel potentially great workers for the same reason. Organizations must make the rules and behaviors that will result in dismissal vehemently clear and concise to avoid confusion, as well as state that those rules are not all-inclusive.

Business is loosely defined as buying and selling. However business is both an economic and social activity which is done to acquire wealth and serve the society through the provision of goods and services which the society needs.