Risks Faced by Entrepreneurs at Global Level Entrepreneurs are likely to be faced with financial risks. The entrepreneur will need funds in the form of a loan or saving in launching the business. For any new business, a financial plan should be in place to show the projections of income and the amount that will be needed in breaking even and the returns expected. Inaccurate planning of finances can lead to the bankruptcy of the entrepreneur. Technology risks can also face the entrepreneur. Due to the constant emerging of new technologies, therefore for an entrepreneur to be competitive, a new system and process should be invested. Some technological changes are disruptive technologies that can easily result in paradigm shifts. Basing of the local economics in estimating the market potential is another risk. The entrepreneur may overestimate based on the domestic context. There is less information on foreign markets; therefore, the entrepreneur must highly explore and do a cautious validation. The fluctuations in currency exchange. The wings in currency exchange may lead to the wiping out of the entrepreneur’s gains. The…

Taylor’s Global enterprise   Taylor’s Global enterprise has been giving insurance services to its clients since the year 1884, and presently the enterprise has over three thousand staffs with one hundred and twenty branches all these across thirty countries globally. Some of the countries where the enterprise has offices are the United Kingdom, Europe, the Americans, Asia Pacific, the Middle East, and Africa.  The main aim at Taylor’s Global Enterprise is to make sure that it provides to its client’s services that are professional to make the insurance business work in a way that is efficient. It is an essential part of making sure that the international commerce has been successful in all its operations by providing the financial support and security in occasions where the business need to operate on trading goods, protecting the workforces of the business companies by shieling their properties which are part of their assets. The enterprise also plays a vital role by providing business companies with capital investments in case they need to invest in it.  The different range of skills at Taylor’s Global enterprises,…

American and Chinese Economies Introduction A comparison between economies across the globe continually plays a pivotal role in economic planning processes. As such, economic planners and many interested parties are increasingly exploring how American and Chinese economies compare and contrast. These economies have emerged as the largest in the world in both Purchasing Power Parity (PPP) and Nominal methodologies. While the Chinese economy historically is driven by state-owned companies, its counterpart is reliant on independent private investors. Therefore, exploring how American and Chinese economies differ or compare in terms of using global, ethical, political, physical, and societal indicators presents an opportunity to draw valid economic conclusions pertinent to economic planning. Relationship to Capitalism and Democracy             The political lens presents a chance to compare and contrast the sizes and growth rates of both economies in connection to capitalism and democracy. Kahn (2019) asserts that the Gross Domestic Product (GDP)growth rates of 2.3% and 6.9% annual changes make the U.S. and China developed countries, respectively. Notably, the United States (U.S.) growth rate depends on a political-economic system commonly described as democratic…

International entrepreneurship The global business environment is highly competitive. I understand that to establish a vitamin-infused drink successfully, I have to plan strategically. One way of planning is to ensure that I come up with a perfect business plan to accomplish my objective. Among the things that I will include in the plan are financial forecasting, marketing strategy, and industry overview. Financial planning will help to capture the interest of investors (Hisrich, 2015). This will also help me to determine the financial projections in the industry, including profitability. With financial projections, I will also be able to assess additional assets I may need to propel success. The marketing strategy will be vital as it will outline target consumers (Hisrich, 2015). This will also help me to understand possible ways of making my product the best in the market. The industry overview will help me to comprehend the size and growth rate of the current market. It will also help to establish the specific reasons for believing that there is an opportunity in the industry. I also need to understand why…

Entrepreneurship Kuwait The concept of entrepreneurship has evolved across the past decades, both as a concept and in practice. Generally, however, an entrepreneur is defined as an individual who develops a business activity from an idea through innovation and leadership. In modern economics and policy studies, entrepreneurship has emerged as a crucial component of economic growth and development and financial freedom. Within the growing nature of the international political economy (IPE) and globalization, entrepreneurship has emerged as an approach towards economic freedom and alignment to the global markets. This paper is an examination of entrepreneurship status in Kuwait, the Middle East, and related issues on entrepreneurship as an economic policy for the country. The status of entrepreneurship in Kuwait has significantly changed over the past few years, arising from a “cultural shift” and enabling policies (Pupic, 2018). Historically, Kuwait’s economic prominence delves into its oil-producing capacity as one of the major producers of the commodity in the gulf region. The nature of the product, however, and the shifts in the modern world and globalization has established a change in the…

Project Ratios Liquidity Ratios Liquidity ratios are used by the firm to determine its ability to meet short-term obligations, such as payment of Account Payables, Bank Overdraft and other accrued expenses. The management should make proper cash decisions to avoid cash flow problems. The current ratio and quick ratio can measure of liquidity.  The current ratio assists the firm in determining its ability to pay current liabilities with the use of current assets. The quick ratio measures the firm ability to meet short-term obligations by use quick assets. Quick assets comprise account receivable, cash equivalents and cash. Current ratio = Currents assets / current liabilities Quick ratio = (Accounts receivable + cash + cash equivalents) / current liabilities Leverage Ratios Leverage ratios indicate the level of debt a firm has compared to either assets or equity (Hashim, 2018). A high level of the ratio will indicate a firm is highly financed with debt and may result in financial risk. Financial risk is the likely hood a firm may fail to meet its financial obligation and lead to the bankruptcy of…

The principle of honesty when going about business The principle of honesty when going about business has been overlooked and has consequently led by the insatiable appetite for quick company success and shoddy money-minting deals. Business leaders all over the world, ranging from managers to company sales executives, need to grasp the importance of laying down formidable strategies in achieving success to shut off the greed for shortcuts completely. The business leaders are bound to take their junior staff through rigorous training of selling and marketing their products. The instructions act as guiding principles to help the employees win clients in their respective working environments. Business leaders also need to understand that not all employees corrupt. Some are ethically grounded and cannot stand shaky business practices. Wells Fargo Company should have stuck to the cardinal rules of honesty in business. Imposing abnormal targets for employees largely contributed to the collapse of the company. Fargo should have evaluated and analyzed the market trends and settled down on the available sales range. To avert the shady sales practices, Wells Fargo Company should…

Diet Coke Coca-Cola is an established American company that has been in operations since the 19th century. The company manufactures different products like Fanta, Sprite, and Diet Coke. These products have gone through a revolution in the market. While people consider Diet Coke as a dominant product, its success depends on imperialism, capitalism, and colonialism. Product Description   Diet Coke is a beverage produced by an American corporation, Coca Cola, founded in 1892. The company has its headquarters in Atlanta, Georgia, but distributes the product to over 200 countries (“Coca-Cola Beverages & Products” par. 1). Coca Cola has branded depots that help in distributing Diet Coke in different countries. Further, retailers and chain stores stock the product. Target consumers include people from all age groups who prefer using soft drinks. Diet Coke is a product that is available in different countries and has evolved due to social impacts. Imperialism Coca-Cola has helped the United States to extend its power and influence in other countries. During the Second World War (WWII), Coca-Cola convinced the American military that its soft drinks could…

Challenges Affecting Minority-owned Business in the United States A minority is a small group in a community or country. In the United States, African Americans are the most significant minority (Smallbone et al., 2015). The minority in the business face several issues that, in many years, have not been resolved. Minority business owners in the United States, even though they have hoped for more opportunities in the new future, still their Businesses are affected by several challenges. For many years cases of racism have been an issue in the United States (Smallbone et al., 2015). Racism has become a culture in the US. Dealing with the issue of racism is hard because it has become generation issues that require a proper approach to be resolved. Racism has made the life of none American hard, annd this is why minorities are facing challenges in their business. Minorities have been complaining for many years that the issue of racism is affecting their business, but nothing has changed. Racism is an issue that should be resolved by the government. Dealing with this issue…

Report for define, exemplify, and critically discuss the motivations, barriers, and management tools available for tourism businesses to be more sustainable. 1.  Introduction Tourism is a significant contributor to any country’s economy. Basically, tourism is an economic growth driver that creates jobs and helps in making countries better economically (Guevara 2018). Sustainable tourism has to do with tourism activities that focus on resource management while taking into consideration the economic and social needs, Castellani and Sala (2009). In general tourism activities include visiting family and friends, visiting tourist attraction centers, service providers as well as support facilities such as those involved in transportation. Sustainable tourism is associated with a couple of consequences, both in the negative aspect and the positive aspect. Negative attributes include loss of land; water is reserved for luxurious hotels; hence local people have less access to water, less agricultural activities, and there is an increase in carbon dioxide emissions (carbon footprints) in general. Arguably one the same note (Dietlmeir, 2013) notes that the investments in tourism have resulted in harsh effects on the environment, even though…