Kata ‘entrepreneur’ dalam Bahasa Inggris modern menunjuk kepada pendiri sebuah bisnis atau pemilik sebuah perusahaan inovatif. LIC Bond is the document issued by the company when you purchase an insurance policy. Purchasing an insurance policy requires several steps, and the policy bond is furnished when LIC gives its approval after scrutiny of all the submitted documents. One other sensitive challenge that is encountered by majority of Nigerian entrepreneurs is multiple taxation. Although we have a responsibility of funding the government through paying taxes, most of the taxes charged on entrepreneurs are not lawful and have the effect of increasing the cost of doing business. Although Nigeria’s Companies Income Tax Act (CITA) has approved only 39 taxes and levies, there are over 500 various levies and taxes that are imposed by state and local government agents. These taxes are questionable and in the case where they are genuine, they are mostly duplicated and this has the effect of increasing the cost of doing business.
However, in the context of this article the idea of microcredit is pointed out in the title and it certainly brings dignity and empowerment in the life of poor people. Rather than treating them as ‘helpless’ patients of the disease called poverty that can only be treated by “poverty experts” and the governments, microlending treats them as entrepreneurs who wants to take charge of their life with their own efforts. The idea is to help poor people with small loans so that they can start and setup businesses. They save money and payback the loan over time. The idea behind microfinance is to empower the borrowers by helping them build a business which can create income and grows in the years to come. It enables poor people save and work towards ultimately becoming part of the mainstream financial system of the country.
for a block transfer of six (6) credit hours into UIW’s Master of Business Administration (MBA) program. Students will be required to complete 24 credits to earn the degree. Applicants may have the option to apply for a General MBA or a MBA with a specific concentration in Finance or Marketing. Candidates attaining an international degree in management get to be a part of the modern-day and dynamic learning environment. business management The teaching pedagogy, training aids, and the overall methodology used abroad are different from how they are in India. Furthermore, international professors have a different style of mentoring students and emphasize more on the practical aspects. Along with that, they also clasp the concept of the open-classroom environment to help students to maintain their interest and learn in a more motivating and advanced manner.
The level of material culture can aid in developing products for individual markets. For companies selling industrial goods, such as General Electric, this can provide a convenient starting point. In developing countries demand may be highest for basic may be more in demand. Technologic advances have probably been the major cause of cultural change in many countries. The increase in leisure time so characteristic in Western cultures has been a direct result of technologic development. With technologic advancement comes also cultural convergence. Black and white television sets extensively penetrated U.S. households more than 10 years before similar levels occurred in Europe and Japan. With color television the lag was reduced to 5 years. With videocassette recorders the difference was only 3 years, but this time the Europeans and the Japanese led the way while the United States was concentrating on cable systems. With the compact disk penetration rates were equal in only 1 year. Today with MTV available by satellite across Europe no lag exists18.
Life as a woman entrepreneur is not an easy option. There are myriad factors and areas which need to be addressed when entering into entrepreneurship, beginning from conceiving the idea of business, establishing it and then finally operating it successfully. There could be many reasons of attracting women to entrepreneurship. Some have the urge to be independent. They want to switch over to roles where the discretion of decision making vests with them. Power and authority are strong drives to attract women into this role. Many look forward to switching to this option as this gives them the flexibility of work when compared to their existing employment. This in turn allows them to balance their lives. Some may like this option as this gives them a direct recognition. When compared to contributions in service sectors where individual recognition is practically not possible, and entrepreneurship gives them a chance to enjoy the limelight.