Ashfield Automotive: Identify The Name Of The Business Customer

A person who starts a business is someone who assumes the financial risk of the initiation, the operation, and management of the business. ,“An entrepreneur is someone who organizes a business venture and assumes the risk for it”. (Define an Entrepreneur, Source: H) A person who has possession of a new enterprise, or “idea and assumes significant accountability for the inherent risks and the outcome” (Source: H) can be known as an entrepreneur. “The term is originally a loanword from French and was first defined by the Irish economist Richard Cantillon.” (Define an Entrepreneur, Source: H) “Entrepreneur in English is a term applied to the type of personality who is willing to take upon her

An Entrepreneur is a person who forms and operates a business. Entrepreneurs form and start companies by themselves, or with partners. Most of the time companies which are started by entrepreneurs are relatively small in size, but some grow into huge corporations, such as Microsoft which is owned by Bill Gates. Entrepreneurs have four different options when starting a business, which include a sole proprietorship, Partnership, limited liability company, and also a corporation. Each form has its advantages and also disadvantages depending on what the type of business is, and also what service it provides.

Entrepreneurs, individuals who come up with an plan in means of profit while knowing the risks that comes along. however, in adam smith time(1723-1790), the definition of an entrepreneur was different it was an “ individual purusing his or her own good to achieve the best good for all”. Those individuals led by the “invisible hand” would provide

An entrepreneur is a person who organizes and manages a business undertaking, assuming the risk for the sake of profit. According to Martin (2010) an entrepreneur sees an opportunity which others do not fully recognize, to meet an unsatisfied demand or to radically improve the performance of an existing business. To have self-belief that this opportunity can be made real through hard work, commitment and the adaptability to learn the lessons of the market along the way. For example, When an almost bankrupt security company was offered to her, Datuk Maznah Hamid and her

Entrepreneurship is the willingness to take risks to create and operate a business. An entrepreneur is someone who sees a potentially

E. Describe the legal form of the business and indicate some of the advantages/disadvantages of the form.

F & R Auto (F & R) is the desire of John Ford and Michael Ronald who together have 30 years experience as auto mechanics. Both have a dream of starting up their own company and offering better service to their clients than competitors.

Entrepreneurship: A person or people who want to supply the product to the market to make some profit.

AutoZone is by far an auto parts industry giant. Founded in 1979, they have made a huge impact on aftermarket retail of auto parts. They have rose to the second largest retailer of auto parts in the U.S., and they continue to grow. AutoZone has more than 5,000 stores around the world, making competition hard to find. However, there are numerous websites that could beat the company out online. AutoZone does have a fantastic website, offering hot deals, repair help, and any parts or accessories known to man. They should, however, keep a close eye on these auto parts websites making tire tracks of their own.

In regards to entrepreneurship, there are many definitions proposed by theorists. In my research paper, I have used definition by Kinder that suits well to an entrepreneurs; “Entrepreneur is someone that alerts towards profit opportunities” (Kirzner, 1973). Profit opportunities

Factors such as growing e-commerce sector, surge in the automotive industry on a global basis, and growing trend of auto Parts stores in ASRS are some of the major growth drivers for this market. (www.mhi.org, 2016)

Employs 4000 people, with 11 sales offices, 23 representatives, 300 dealers, 5 factories and e offices.

b 1 sole proprietorship; this is when a the company is owned by a single individual owner it advantages is that it is easily formed, it is not taxed at corporate level and it has few government regulations. its disadvantage is that it is difficult to obtain large sum of capital, owner has unlimited debts and the business life is limited to the life of the owner.

company’s business strategies. Given the high quality of the cars they produce, with better service provided, more targeted

Car industry is a growing industry and over the period of time, the desire to have one’s own vehicle of choice is driving the demand. (….) Named Car Care Express, is an idea for an organisation that provides products which are the foil or wrap to put in one’s car in order to change the color of the car. The company makes the vehicle special for the client by reducing the desire into reality. The idea to do this new business is through partnership of four partners having experience in this field as executives in their respective carriers are car designers. Mr. Bradman is going to be CEO of the company.