BUSI 105 Final Exam
What is a bio?
A bio is a detailed description of someone's life, professional background, education
history, achievements, and skill set.
How to write your personal Bio?
- Introduce yourself
- keep it concise
- Use third person
- write strategically
- Include your contact information
- Know your audience
- Edit throughly
Self Promotion
- New certification
- Positive feedback
- Project success
- New responsibilities at Work
- Graduation
- Volunteer work
- New job or Internship
- Press coverage
Elevator Pitch
1. Introduce yourself
2. Provide a summary of what you do
3. Explain what you want
4. Finish with a call to action
Job Satisfaction
A feeling of fulfillment or enjoyment that a person derives from their job.
Top 8 Competencies Sought by U.S. Employers
1. Leadership
2. Professionalism
3. Intercultural Fluency
4. Digital Technology
5. Career Management
6. Teamwork
7. Communication
8. Critical Thinking
Financial Management
is the job of acquiring funds for a film and managing them to accomplish the firm's
objectives
Finance Activities Include
- Establish budgets and financial controls
- long-term investments
- analyzing cash flow
,- planning the expenditure of funds
- managing the firm's financial risks
Financial Plan
is a firm's strategy for reaching it's financial goals
Firm's Financial Plan
has three parts:
1. Forecasting
2. Budgeting
3. Financial Controls
Forecasting
Cash flow forecasts, short-term forecasts, and long term forecast
Budget
- Static document
- Sets spending limits for the year
The 4 Reasons Firms Borrow Money
1. Managing everyday business activities
2. Extending credit to customers
3. Keeping enough product (inventory) available
4. Making major Investments
Short-Term Financing
1. Typically 3 to 5 years
2. Floating Rate
3. Supplied by a bank
4. Used for working capitals and other short-term needs
Long-Term Financing
1. Typically 5 to 25 years
2. Typically Fixed Rate
3. Supplied by an Institutional investor
4. Used for Longer-term initiatives, Internal events and balance sheet risk management
Long-Term Loans
Companies often receive long-term loans—loans generally requiring repayment in 3 to 7
years, although they may be as long as 20 years—from commercial banks, life
insurance companies, pension funds, and commercial finance companies.
Debt Financing
If a company is unable to obtain a long-term loan, it may try to issue corporate bonds,
contracts between the issuer and the buyer
Equity Financing
involves selling ownership in the firm
Selling Stock
selling ownership shares in a firm. can be done by means of private placement or public
offerings
Retaining Earnings and Reinvesting them in the firm
consists of earning retained by a firm for its own use
Receiving venture investment capital
Consists of funds acquired from the wealthy individuals and institutions that invest in
promising startups or emerging companies in return for their giving up some ownership
, The 6 Characteristics of Money
1. Acceptability
2. Limited Supply
3. Portability
4. Durability
5. Divisibility
6. Uniformity
Entrepreneurship
is the process of taking risks to try to create a new business
Entrepreneurs
people who see a new opportunity for a product or service and who risks time and
money to start a business
Opportunity Entrepreneurs
are ambitious and start a business to pursue an opportunity and profits
Necessity entrepreneurs
are people who suddenly must earn a living and simply trying to replace lost income
What does it take to be a successful entrepreneur?
1. Problem Solving
2. Communication
3. Planning
4. Decision Making
5. Leaderships
10 Characteristics of Successful Entrepreneurs
1) curiosity
2) willingness to experiment
3) adaptability
4) decisiveness
5) self-awareness
6) risk tolerance
7) comfort with failure
8) persistence
9) innovative thinking
10) long-term focus
New Ideas & Solutions to Existing Products
To come up with an idea for a new business you don't always to innovate
Pre-Startup Planning
Quantitative and Qualitative Analysis of Products and Services
Qualitative
- Broad Questions
- Unstructured Data
- Subjective
- Thematic Analysis
Quantitative
- Specific, Narrow Questions
- Structured Data
What is a bio?
A bio is a detailed description of someone's life, professional background, education
history, achievements, and skill set.
How to write your personal Bio?
- Introduce yourself
- keep it concise
- Use third person
- write strategically
- Include your contact information
- Know your audience
- Edit throughly
Self Promotion
- New certification
- Positive feedback
- Project success
- New responsibilities at Work
- Graduation
- Volunteer work
- New job or Internship
- Press coverage
Elevator Pitch
1. Introduce yourself
2. Provide a summary of what you do
3. Explain what you want
4. Finish with a call to action
Job Satisfaction
A feeling of fulfillment or enjoyment that a person derives from their job.
Top 8 Competencies Sought by U.S. Employers
1. Leadership
2. Professionalism
3. Intercultural Fluency
4. Digital Technology
5. Career Management
6. Teamwork
7. Communication
8. Critical Thinking
Financial Management
is the job of acquiring funds for a film and managing them to accomplish the firm's
objectives
Finance Activities Include
- Establish budgets and financial controls
- long-term investments
- analyzing cash flow
,- planning the expenditure of funds
- managing the firm's financial risks
Financial Plan
is a firm's strategy for reaching it's financial goals
Firm's Financial Plan
has three parts:
1. Forecasting
2. Budgeting
3. Financial Controls
Forecasting
Cash flow forecasts, short-term forecasts, and long term forecast
Budget
- Static document
- Sets spending limits for the year
The 4 Reasons Firms Borrow Money
1. Managing everyday business activities
2. Extending credit to customers
3. Keeping enough product (inventory) available
4. Making major Investments
Short-Term Financing
1. Typically 3 to 5 years
2. Floating Rate
3. Supplied by a bank
4. Used for working capitals and other short-term needs
Long-Term Financing
1. Typically 5 to 25 years
2. Typically Fixed Rate
3. Supplied by an Institutional investor
4. Used for Longer-term initiatives, Internal events and balance sheet risk management
Long-Term Loans
Companies often receive long-term loans—loans generally requiring repayment in 3 to 7
years, although they may be as long as 20 years—from commercial banks, life
insurance companies, pension funds, and commercial finance companies.
Debt Financing
If a company is unable to obtain a long-term loan, it may try to issue corporate bonds,
contracts between the issuer and the buyer
Equity Financing
involves selling ownership in the firm
Selling Stock
selling ownership shares in a firm. can be done by means of private placement or public
offerings
Retaining Earnings and Reinvesting them in the firm
consists of earning retained by a firm for its own use
Receiving venture investment capital
Consists of funds acquired from the wealthy individuals and institutions that invest in
promising startups or emerging companies in return for their giving up some ownership
, The 6 Characteristics of Money
1. Acceptability
2. Limited Supply
3. Portability
4. Durability
5. Divisibility
6. Uniformity
Entrepreneurship
is the process of taking risks to try to create a new business
Entrepreneurs
people who see a new opportunity for a product or service and who risks time and
money to start a business
Opportunity Entrepreneurs
are ambitious and start a business to pursue an opportunity and profits
Necessity entrepreneurs
are people who suddenly must earn a living and simply trying to replace lost income
What does it take to be a successful entrepreneur?
1. Problem Solving
2. Communication
3. Planning
4. Decision Making
5. Leaderships
10 Characteristics of Successful Entrepreneurs
1) curiosity
2) willingness to experiment
3) adaptability
4) decisiveness
5) self-awareness
6) risk tolerance
7) comfort with failure
8) persistence
9) innovative thinking
10) long-term focus
New Ideas & Solutions to Existing Products
To come up with an idea for a new business you don't always to innovate
Pre-Startup Planning
Quantitative and Qualitative Analysis of Products and Services
Qualitative
- Broad Questions
- Unstructured Data
- Subjective
- Thematic Analysis
Quantitative
- Specific, Narrow Questions
- Structured Data
