Biggest Problems Facing Small Business Research Paper

Biggest Problems Facing Small Business - Research Paper Example From this paper it is clear that in today’s business environment it is necessary for a small business to think beyond survival.   Lack of key management services could limit the success of a small business. An entrepreneur is one who possesses a burning desire to make a change through dedication, determination and hard work, knowing that it satisfies their ultimate business and personal objectives. Entrepreneur is a term applied to the individual who is ready to take upon him or herself a new enterprise or venture and accepts complete accountability for the outcome.Entrepreneurship refers to a company formed with an express goal of growing with a defined growth path. Small businesses are generally consortium of professionals or a family-owned company formed with specific objectives in place. In majority of the cases, providing adequate income is more important than aggressive growth.As the discussion highlights the rising advertising and promotional tools have made it really difficult for a small business to make a mark or even survive. Traditional methods of promotion and advertising do not help the consumers in the brand recognition. The management must ensure delivering of their promises and high quality experience on the first purchase of the consumer. If the experience of the consumer is not good on the first instance itself then it will lead to negative publicity and the business will not get an extra chance. Problems and Challenges Entrepreneurs have become one of the most vibrant forces in the economy with the boom in internet and technology. They are now driving the boom in technology, which itself is driving majority of the economic growth of the world making entrepreneurs very significant from a macro-economic perspective. They have a major impact on the economy. Due to growing globalization, the impact will be felt even more deeply. They have already become a major force in developing nations and in the worldwide economy. The scope of entrepreneurship will continue to change and evolve with the changing world. Some common issues pertaining to business continue to exist such as how to start a business, how to finance it, how to run the business with a sharing and learning environment within the community. Entrepreneurism is an established field with a wide range of problems at various stages of the enterprises. The challenge of starting a business is a common factor for all the entrepreneurs. Be it looking for an idea, through inventing something, finding the right opportunity to buy a franchise or breaking into a new business. Financing their entrepreneurial venture is a challenge faced by all the entrepreneurs. They are even faced with financial hurdles within corporate rules. So unless it is a self-funded venture, getting finances is a challenge that requires preparation of applications or funding proposals to be presented for IPO’s, angel investors, loans or even venture capital. There is no smooth sailing through even after passing the above challenges. Minute glitches should be taken into consideration having a good business plan. The implementation stage is very essential for a

Purpose of Article 234 Essay Example | Topics and Well Written Essays - 1750 words

Purpose of Article 234 - Essay Example (3) Where any such question is raised in a case pending before a court or tribunal of a Member State, against whose decisions there is no judicial remedy under national law, that court or tribunal shall bring the matter before the Court of Justice. We can see that the European Court of Justice can only deliver preliminary rulings in certain circumstances and from a limited subset of organisations - namely courts and tribunals. Certain criteria must be fulfilled before a national court or tribunal can invoke Art 243. Closer examination of the provisions of the Art 234 leads us to ask the following questions: Article 249 makes it clear that a European Union Decision is 'binding in its entirety upon those to which it is addressed'. In this case the European Union Decision requires all member states to take necessary measures to ensure that pension schemes are equalised for male and female workers in order to eliminate any forms of discrimination based on gender. The Italian government has lead responsibility to make sure it is implemented. What is not clear on the facts before us is whether there is a question of Community law to be interpreted. The European Court of Justice will not hear any other matter. ... e the European Union Decision requires all member states to take necessary measures to ensure that pension schemes are equalised for male and female workers in order to eliminate any forms of discrimination based on gender. The Italian government has lead responsibility to make sure it is implemented. What is not clear on the facts before us is whether there is a question of Community law to be interpreted. The European Court of Justice will not hear any other matter. This is the only ground on which a national court or tribunal can request a preliminary ruling. If we refer back to Art 234(1) applicants must establish that they require a ruling which pertains to either the interpretation of the Treaty itself and or the interpretation and validity of an act by a European Community institution. With regard to Council statues, the statute itself must grant permission for preliminary hearings on the statue: Art 234(1) If there is no question of Community law to be interpreted then Maria will be denied her request for the Italian Medical Council to seek a preliminary ruling. The European Court of Justice has powers to neither interpret domestic law nor pass judgement on the compatibility of domestic law with European Community law: Van Gend en Loos (case 26/62). In Costa v ENEL (case 6/64) the European Court of Justice said: 'a decision should be given by the Court not upon the validity of an Italian law in relation to the Treaty, but only upon the interpretation of the above-mentioned [Treaty] Articles in the context of the points of law stated by the Giudice Conciliatore' The European Court of Justice also has no jurisdiction to rule on the application of Community law by national courts. Further it cannot invite national courts to refer matters to it: De