proposal principles, tools and techniques in analyzing a business

topic of applied economics

1. PROPOSAL PRINCIPLES, TOOLS AND TECHNIQUES IN ANALYZING A BUSINESS

2. Scalability Big ideas Systems Sustainability Growth Vision Purpose Autonomy Profitability Standards There are ten such principles that underlie the creation of the most successful small business in the world

3. 1. Scalability - businesses which has a potential to grow. It is the capability of a system, network or process to handle a growing amount of work or its potential to be enlarged in order to accommodate that growth 10 Principles in Creating a Business

4. 2. Big ideas- every business begins with an idea. Business ideas come from many sources. Hobbies, interests, and business experiences often give people ideas for new business. The entrepreneurs vision is more important to the life of the business that anything else 10 Principles in Creating a Business

5. 3. Systems - recognizing small and big parts contributes success and failures to the business. In this system everything must work together from employee to presidents from resources to equipment. In making plan/decision one should be align to the other 10 Principles in Creating a Business

6. 4. Sustainability - a business must be powerful able to harness all economic conditions, in all market settings, providing positive and meaningful quality results to its customers. Such differentiated result is the key to survive 10 Principles in Creating a Business

7. 5. Growth - all business needs internal growth. When you are a beginner in a business it is like a school wherein your employees are students that need your guidance, with your intention and determination that the business will grow 10 Principles in Creating a Business

8. 6. Vision - What do you want your business to be in the future, your very purpose in creating a business, vision plays a vital role as it is your guide in planning 10 Principles in Creating a Business

9. 7. Purpose - A business is the results of a big dream in mind of the person who dream for it 10 Principles in Creating a Business

10. 8. Autonomy - A business if not part of the owner’s life, but in fact, its own entity. A business is difficult to start, however, without the help of others. Even the smallest businesses need a few full or part-time employees. Choosing the “team” becomes one of the most important initial business decisions 10 Principles in Creating a Business

11. 9. Profitability - A business help economic entity, managing economic reality, creating an economic certainty for the communities in which it thrives 10 Principles in Creating a Business

12. 10. Standards - A business creates standard against all businesses measured as either successful or not. In order a business will go beyond, aim high beyond the existing standard 10 Principles in Creating a Business

13. The principles of a business are the driving forces that make it successful. They are the backbone for the organization. Each business needs a shape and structure, and these principles will give your company an outline, which is necessary for it to be thrive Principles in Creating a Business

14. Buyers Product Trend Geographic Area Competitors Government Regulations Tools in Evaluating a Business

15. SWOT ANALYSIS Internal Factors Strengths Weaknesses External Factors Opportunities Threats Techniques in Evaluating a Business

16. Are internal positive characteristics like traits, skills, knowledge, abilities within the organization. These are things that are within your control. What physical assets do you have, such as customers, equipment, technology, cash. And what competitive advantages do you have over your competitors Strength

17. Are negative factors that detract from your strengths. These are things that you might need to improve on to be competitive. Like unskilled workers or lack of managerial talents Weaknesses

18. Are external factors in your business environment that are likely to contribute to your success. Like reliable suppliers of raw materials and cheap power These are positive impacts of various external environment on the profitability on which the company has no direct control over it Opportunities

19. Are external factors that you have no control over. You may want to consider putting in place contingency plans for dealing them if they occur. These are negative and undesirable impacts of external factors that affects the profitability of the business. Like absence of supporting industries that will supply the materials high cost of electricity Threats