General+Business

 **Article Review - Complete once a week!** Starting a Business Business_Stocks Assignments and Due Dates



=Some Facts about Business (from NFTE)=


 * There are some 16 million businesses in the U.S.
 * 8,000 new businesses are started each week.
 * In 1990, 4 million jobs were created by new ventures. Big businesses lost 1.7 million jobs.
 * Almost half of all innovations/new products were created by small entrepreneurial companies.
 * Almost half of the work force works for small businesses.
 * Millions of businesses today are owned by Women, African-Americans and Hispanics.

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=Ideas are Not Necessarily Opportunities=

//A business opportunity is an idea, plus://

 * It is attractive to customers
 * It will work in your business environment.
 * It can be executed in the "window of opportunity" that already exists.
 * You have the resources and skills to create the business, or you know someone who does and who could start the business with you.

=Cost and Benefit Analysis=
 * ===Before making any investment, compare costs with benefits.===
 * ===Don't forget to include the opportunity cost. This is the cost of your "next best investment"===
 * ===If the the benefits of making the investment are greater than the cost (including opportunity cost), the invest is probably a good one.===
 * ===You can apply cost/benefit analysis to both business and personal decisions.===

=Assignments - See the assignment page - What to do and when=

=Cool Links= @http://vator.tv/n/a49 - Three key elements when starting a business - being an Entrepreneur! (culture, KISS and cost)

[|Factors of Production] - What are the Factors of Production? The foundation of business!

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