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Business Research - Book Report/Review Example

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Business Research

Such activity refers to commercially viable and profitable work that needs extensive research, analysis and training before its commencement. In predominantly capitalist economies, businesses are typically formed to earn profit and grow the personal wealth of their owners. The owners of a business have as one of their main objectives "the receipt or generation of a financial returns" in exchange for their work, investment and for their acceptance of "risk".
Speaking in the terms of economics we need to strengthen first the factors of production to set up a new venture namely land, labour, capital and organization; be it either service oriented or manufacture based or even trading. The first and foremost necessity is the project with clear layers of strategic growth. One has to acquire land that covers building and machinery for the initiation. After the acquisition of the land, the entrepreneur has to move on proper legal documentation such as "Registration of the Firm". Once the registration is done furnishing its source of fund, annual estimated turn over, chain of man power and delegation of responsibilities we can precede further. Then it is important needs to the source of raw materials that have to be procured from the possible cheapest region with the lowest cost of transportation. Eventually we need a clear road map to market our product. Thus, every entrepreneur set the bridge of profit across the flow of the possible consumers.
Book keeping and accountancy to maintain records of financial transactions as well as its balance sheet in the course of business is a must for successful management of the entrepreneurship. Tools of financial accounting have been formulated with the recruitment of experienced accountant. Bank has approved the project to start a garment factory with family land, buildings and with the help of European Investment Fund.
The European Investment Fund, established in 1994, is a European Union agency for the provision of finance to SME (small and medium-sized enterprises) headquartered in Luxembourg. It does not lend money to SME directly; rather it provides finance through private banks. Its main operations are in the areas of venture capital and guaranteeing loans. The European Investment Bank is the financing institution of the European Union. The EIB was created on 25 March 1957 by the Treaty of Rome establishing the European Economic Community (EEC) and enjoys its own legal personality and financial autonomy within the Community system. Following the Lisbon European Council of 23and 24March 2000, which called for the creation of a friendly environment for starting up and developing innovative businesses, in particular small and medium-sized enterprises, the EIBBoard of Governors reached agreement in June 2000 on the constitution of the EIBGroup, consisting of the EIB and the EIF and under which the Bank grants medium- and long-term loans and the Fund specializes in venture-capital operations ...Show more


Although business means human activity done for profit it involves certain risk factors towards its accomplishments. An entrepreneur has to pay special attention to prevent such risk and to establish a new venture by means of survey, research, minute study of the market and factors of production…
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Business Research Book Report/Review essay example
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