How To Write A Concept Statement

Ellison Travel & Excursions is dedicated to providing accessible customer service. E-commerce allows network production.” This refers to the parceling out of the production process to contractors who are geographically dispersed but who are connected to each other via computer networks. The benefits of network production include: reduction in costs, more strategic target marketing, and the facilitation of selling add-on products, services, and new systems when they are needed. With network production, a company can assign tasks within its non-core competencies to factories all over the world that specialize in such tasks (e.g., the assembly of specific components).

It doesn’t matter where you are since you can buy your favorite product as long as you have stable internet and have your phone or computer. The clients can read the best reviews and complaints the website has received regarding the products and services which guides them when making a decision. Online stores have become popular due to their ability to provide information about the products, moreover, the online beauty shops will show the uses and ingredients of the makeup.

Once the initial concept is established, we will undertake preliminary discussions with the experts with a view to evaluating the market potential of the business idea, including a high level assessment of the constraints and limitations of the concept. At the end of the process, we will provide you with a document outlining the overall business concept, potential in the market place, overall expected investment requirements, approximate levels of profitability, as well as an assessment of its constraints and limitations. This will enable you to make the decision of either discarding the concept or moving on to the next phase of the process.

Most wealth is created through a business opportunity combined with ownership. In an entrepreneurial endeavor, wealth is created by building a business that has a profit and can be sold for a multiple of earnings. Both mental and monetary wealth is the end result of a successful entrepreneurial career. Being an entrepreneur without ownership can be a nightmare-other people make the profit on your insights. The sooner an individual understands the difference between salary and profit, the better. Ownership of future profits can be sold for a multiple of earnings. Salaries and wages are compensation for work in the present, and hence are worth less than profits – which are projected into the future. All investments take place in uncertain world with risk. The investment of resources to create a business needs to be wisely balanced against the risk involved.

High risk merchant account is a payment processing agreement customized to fit businesses which are considered to be high risk or operating in an industry that’s considered as such. In most instances, what these merchants do is pay for a higher fee to acquire merchant service that adds on their business expenses which impact their profitability as well as ROI. This is strongly felt especially among companies that were reclassified as being in high-risk industry and weren’t prepared to deal with the associated cost of operating as high risk merchant.