Question Details	Asked By	Asked On
Strategy for busiensses	Raging	05/20/03
Dear Expert/s, Could anyone out there provide me with a detailed answer as to how a party planning business should integrate business strategy & electronic strategy's so that they are a success? This would be immensly appreciated.
Answered By		Answered On
HANK1		05/20/03
You're lucky, Raging ... you have access to strategy via emission, behavior and effects of 'electrons.' Just turn on your computer and attain your desired termination by using a stratagem of intrigue. Think big, e.g. large-scale planning while planning and then operating a sole-proprietorship! Search the Small Business Administration (SBA), a "Federal agency whose main purpose is to provide financial and managerial assistance to small American firms." But read the following first: "A small business is an enterprise which usually meets the following criteria: is independently owned and managed, has owner-supplied capital, is of relatively small size within the industry ... often less than 25 employees ... and operates in a limited geographical area." This is the definition of that sole-proprietorship I mentioned earlier. The following might help you: * You can own and operate your business for your OWN profit. * Personal services have replaced the farm as the largest group of sole proprietorships. Each year there are fewer and fewer farms, explaining why the number of sole proprietorships continue to decrease. Advantages include: à. It operates under the simplest tax structure afforded individuals. Thus, they avoid the often higher and more complex state and federal corporate taxes. 2. It has a unique credit standing. 3. Inexpensive and simple to establish. Easy to dissolve. 4. Flexibility. 5. Ownership of profits. 6. Secrecy. (A biggie!) Disadvantages include: 1. Unlimited liability. 2. Limited life ... not permanent when the owner dies. 3. Lack of employee opportunities. 4. Limited managerial skills." Source: "Business" - Second Edition Good luck, Raging. (Don't forget I used quotation marks in my answer ... and my source!) HANK

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