General Business

General BusinessMr. John Rouda

DIFD 321Winthrop University

Intro to Business

• Entrepreneurship• Risk vs. Reward • Stakeholders vs. shareholders

Intro to Business

• Products vs. Services

• ROI and why is it so important?

• IT in Businesses and how it affects ROI…and how ROI affects IT.

The Internet

• Productivity• Efficiency?• Effectiveness

• How do you use the Internet to make purchasing decisions?

Economics

• Macro vs. Micro

• Supply and Demand

Free Market Capitalism

• Perfect Competition• Monopoly• Oligopoly

• Free Market vs. Socialism… Where’s the US heading?

• Communism

Our Economy and how it affects you and me.

• Unemployment rate• Inflation• Stagflation• Deflation

Our Economy and how it affects you and me.

• GDP and GNP down-flat• Price Indexes up• Household income down-flat• Home Sales flat• Consumption down• US Trade down• Employment rates flat

Global Business

• Why think globally?

• Importing and Exporting

• Absolute Advantage

Trade

• Surplus and deficits• Tariff• Import quota• Embargo• WTO, EU, NAFTA, OPEC… what do

they have to do with me?• Bartering… more than just craigslist

Starting your own business

• Ownership types:• Sole proprietorships• Partenerships• LLP• MLP

• LLC• S-Corp• C-Corp

How to get started

• Buy an exsisting business• Start your own• Business license• Legal Docs• Marketing strategy• Business plan• Exit Strategy

How to get started

• Buy an exsisting business• Start your own• Business license• Legal Docs• Marketing strategy• Business plan• Exit Strategy

Tangent – Website Architecture - SOA

SOA

• Is it for everyone?

• Small Businesses vs. Medium-Large Businesses

• Global Markets and management styles

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