Future Of A New Business

Founded in 1701 by nearly 100 French settlers, Pontchartrain du Detroit was not doomed to bankruptcy. Located near epicenters of trade including the Canadian Border and the -Detroit River and rich in resources Detroit, from a geographic sense, was a city established on lands destined to prosper. Turning into an industrial powerhouse in the 20th century, the city saw an enormous boom in both population and industrial prosperity with the growth of the iron stove, railroad car, and ship building industries. It wasn’t until auto manufacturing renaissance initiated with the founding of Henry Ford Co. in 1910 that Detroit began it’s nearly 100 year long descent

Every day, the city works endless hours of labor. Slowly, tiredly the people drag themselves to make a living, all in the city of Detroit, Michigan. Looking at Detroit from the southern standpoint is hard. Everything is different, and here I begin a realistic upgrade. My recent visit to Detroit was June 1st through the 16th of 2016, just after we were let out of school for summer. Not much has changed since then, and I honestly do not think it ever will.

“For every $100 spent in the local owned businesses, $68 stayed in the local economy while [Wal-Mart] only left $43 to re-circulate locally” (De Blasio, 2011). The implications of this means the chances of success are drastically lowered for local entrepreneurs.

Invest in community: Local businesses are owned by people who live in this community, are less likely to leave, and are more invested in the community’s future.

In 2013, Americans witnessed a slowly sinking ship finally submerge. Once a bustling urban center rife with economic prosperity, the city of Detroit, Michigan filed for the largest municipal bankruptcy case in U.S history on July 18, 2013 (Fletcher, 2013). Over recent decades, Detroit has been the victim of both economic and demographic decay. To put the magnitude of the city’s desolation in perspective, during the middle of the twentieth century, the city’s population was approximately 1,850,000, making it, at the time, the fifth most populous city in the nation. As of 2013 census data, however, the city has dropped to the eighteenth most populous city, with a population of 701,000, the lowest it has been since the 1910s when the city

The Michigan Future Business Index has pointed out the optimism business owners in Michigan feel in regards to the state’s future business climate. Nearly two-thirds of business owners feel that Michigan’s market is in a good place for products and services. The report indicated Northern Michigan is strongest for hiring and keeping talent for their employees. Nearly two-thirds or 63 percent believe sales in Michigan will increase in the course of the next six months.

Economic revitalization and the goal for community financial efficiency is a challenge set before all communities both large and small, and while the size and scale of the local community brings with it unique challenges to overcome, it can be argued the smaller the city the larger the challenge. Awareness of the factors standing against the goal of revitalization not commonly found in larger areas can help support economic growth and heightened entrepreneurial innovation in these smaller communities.

There comes a time when one’s mind wonder how the business world relates to the economy. The essential question that lies upon us is: which type of business is better for the economy? Well, great question but big businesses are better versus small businesses. However, if this question was asked to ten people selected randomly on the streets, the majority of them would probably say small businesses benefits the economy more. It is a common assumption because many believe that there is less expansion opportunities and is solely focused on being united and lending a hand out to others around them. Some assume that big businesses are better for the economy since they have better resources, which allows them to be able to do more for the community than small businesses can. I plan on researching every aspect of each side to further gather information. I know big businesses have the option to expand nation and state wide easily because they network, and people know their brand easily but there are also several obstacles they face. A few potential issues with data collection that may occur might be not finding exact numbers, only estimations. Another thing is not finding enough and having to think logically about some things to connect the dots. Some outcomes I would like to see from this project is the differences between each one, the pro's and con's of each, and how each affect the economy. I think it is worth studying because it is a common assumption that any kind of small business is the most successful and there are cons that people do not typically consider. I am genuinely interested in this because I am considering becoming an entrepreneur and I enjoy business.

4. Sales tax also applies to the service of furnishing rooms by hotels, apartment hotels, lodging houses, tourist camps, or courts to transient guests who rent on less than a month-to-month basis. An additional two percent tourism tax applies to these lodging services as well as to the admission price to tourist attractions, watercraft rental, boat motors and related marine equipment, life jackets and cushions, water skis, and oars or paddles. A business making sales of tangible personal property from outside Arkansas by means of sales persons, solicitors, distributors, agents, or by taking orders for sales of the same must register under the Compensating Use Tax Law. If a business purchases items from outside of Arkansas for use, storage, distribution, or consumption within

“A new venture is a company established to commercialize the technology or innovation that was created”(http://www.ipadvocate.org/assistance/terms/index.cfm#N, 2012). In this is case, six individuals created a vibrant group that worked together as an entrepreneur and focused on the formation and the success of the new organization named, ‘RR Financials’.

AfroMart is a supermarket established to cater to the needs of consumers by setting up market chain of food supplies and other resources such as body product, hair products commonly found in African countries. AfroMart is a start-up business, looking to begin in a supermarket and employing 8 workers to begin with. These products will be supplied by wholesale distributors located in Africa, where production is cheaper and AfroMart can benefit from economies of scale. The challenge will be getting consumers from different ethnic groups to try the products or reaching out to consumers in different regions in the UK. The aim is to match the successes experienced by leading retailers such as Sainsbury’s, Tesco and Asda. To do this, suppliers will need to be sourced and sustained to be financially viable.

Over the last three months, a research study has been conducted with the sole determination of satisfying the investment needs of a client who is looking for investment opportunity in eastern Prince William County, Virginia. She specifically expressed that she is interested in a business that has the potentials of growing business that also takes the interest of the community at heart. This paper is the effort of study done to fulfill this investor’s dream. As a result of the study of various businesses in the eastern Prince William County region, the Kohl’s Corporation came out top of the three businesses found in this area.

It is the purpose of this paper to analyze the viability of a future projected business, which consists in the foundation of a computer sales and services company called "CSGlobal", this name stands for “computer services global”, and will be in the city of Miami. This business idea arises for the need of complimentary services that the city lacks to provide at certain days of the week and late hours, besides to offer computer solutions for small, medium-sized companies and home consumers. The idea of this business plan is to run a company that is primary dedicated to security, sales, virtualization, web development, services, repair and maintenance of computers and systems. The justification for this business idea is based on the

The business concept Kayi Davie and Abdallah Bawazir proposed after conducting research was to create a campsite using the plot of land Bawazir had inherited from his family and start a hospitality business that would be cheap to operate. They would target the international budget tourists commonly referred to as “backpackers” since it is a low-cost form of international travel. Backpackers would rely on public transportation and inexpensive accommodations to reduce costs. The two entrepreneurs had seen how successful this type of tourism had become in neighboring countries and desired to replicate this business in Rwanda.

When asked what a favorite restaurant or café is, often the answer is a unique local business. It’s easy to embrace local character. Local businesses do more than just increase home town pride though; they play an important role in stabilizing the community’s economy. Arizona revenue structure experiences extreme variances in comparison to the national general economy. Marshall Vest, an economic research director at the University of Arizona, found that “Arizona is second only to Nevada for economic volatility” (Vest). Business structure plays a big part in revenue stability. Local businesses in Arizona communities need more support, and there are many ways to support these independent local businesses in the community.