Article Abstract:
Trends among women entrepreneurs in the UK were studied. Twenty percent of small business founders are women. The typical woman entrepreneur is in early middle age and has children who are either grown or in school. Most of the women do not have degrees, but have attended one or more small business management courses. Entrepreneurship was thrust upon most of the men or women in the study. Thirteen percent of the women said that they had always wanted to have their own business. Most of the businesses founded by women are in the service sector. Women tend to do more research than men before starting a business, and are less likely than men to enter into partnerships. Women tend to have less start-up capital than men, with an average of 5,500 pounds sterling for women compared to 13,800 for men.
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Article Abstract:
The British franchising industry is growing at a rate of more the 20 percent per year. Potential franchisors should be aware of the risks involved in franchising. Apart from the obvious problems of finding suitable franchisees and qualified financial advisers who understand the franchising industry, the franchisor will have to be involved in two different, but related marketing activities. Franchise operations require substantial capitalization, and close accounting controls.
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Article Abstract:
The characteristics of successful entrepreneurs are discussed. The entrepreneur is typically someone who has become dissatisfied with his or her career path, and wishes to achieve greater independence and creativity by bringing a new product or service to market. Entrepreneurs have a consistent value system that is based on moral imperatives, patience, drive, the ability to cooperate, courage, and an understanding of leverage.
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