Management of Working Capital Case Study: "George's Trains"
This clip explores the management of working capital at "George's Trains," a small business whose market demand runs in cycles.
Ethics and Business
This clip argues that there's really no difference between business ethics and ethics in general. "The question is," the clip asks, "...how are you going to apply that sense of values and ethics when you're engaged in business?"
Giving Back to the Community
This clip explores some of the ways in which a small business can give back to the community, including demonstrating an awareness of environmental concerns and contributing to charities.
Laws and Regulations
This clip explains that, in recent years, laws and regulations have played an increasing role in the business world. In addition to licenses and permits, the clip notes, there are many other government laws and regulations that apply to specific typ...
Types of Risk
This clip introduces the concept of business risk and risk management. It notes that business risks can generally be classified into four categories: property, market, employee, and customer.
United States Small Business Administration, The
This clip explains that the United States Small Business Administration (SBA) is a source of information about the sometimes confusing welter of laws and regulations that apply to business. The SBA can also help entrepreneurs understand the intricac...
Importance of Accounting Information
This clip explains that accurate record keeping is essential to the health and prosperity of any small business. Once the financial objectives of the business have been established, the accounting system allows the entrepreneur to evaluate the perfo...
Eliminating or Minimizing Risk
This clip talks about ways to eliminate or minimize potential risks, such as buying an existing business or buying into a franchise. Sometimes, the clip explains, the best way to reduce risk is simply by using common sense.
Purchasing and Inventory Control Case Study: "The Harlan Corporation"
This clip profiles the Harlan Corporation, which manufactures tractors and equipment for moving heavy loads. Because it's not financially possible to maintain an inventory of tractors, the company tries to keep up with customer demand by maintaining...
Occupational Safety and Health Administration, The
This clip examines the Occupational Safety and Health Administration (OSHA). The clip notes that this is the government agency that regulates safety in the workplace, including the design and layout of the physical plant, as well as specific types o...