Business Their Ownership, Purpose Between Apple Inc And...

in this report i will be discussing the type of business their ownership, purpose between Apple inc a PLC and the British Red cross a non-for-profit business. Apple inc is an american multinational technology company headquartered in Cupertino, California, that designs, develops, and sells consumer electronics, computer software, and online services. Its best-known hardware products are the Mac personal computers, the iPod portable media player, the iPhone smartphone, the iPad tablet computer. Apple has around 437 stories around the world and around 100,000 staff (around 200 staff per storie) apple was first started in 1976 by founder Steve Jobs, Ronald Wayne, Steve Wozniak. Apple has shareholder and the biggest shareholder have a say in what Apple do and have a say in how come in or out. Apple Is worth is around $700 billion the most expansive company in the world. Apple want to better great technology for is customer there main goal is to beat their main competition Samsung. The Red Cross Society is the United Kingdom branch of the worldwide impartial humanitarian organisation the International Red Cross and Red Crescent Movement. The society was formed in 1870, and is a registered charity with more than 32,500 volunteers and 3,500 staff. At the heart of their work is providing help to people in crisis, both in the UK and overseas. The Red Cross is committed to helping people without discrimination, regardless of their ethnic origin, nationality, political beliefs orShow MoreRelatedIncome Taxation Solutions Manual 1 300300 Words   |  1202 Pagesother income - SBD income - ABI over $500,000 - investment income 28% 33% 45% 15% 25% 44 2/3% (38 + 6 2/3) Incorporation of Proprietorship The primary benefit of incorporation is the ability to use the small business deduction on $500,000 of annual business income. 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In all other cases, no part of this publication may be reproduced, stored in a retrieval system, or transmitted in any form or by any means, electronic, mechanical, photocopying, recording, or otherwise without either the prior written permissionRead MoreRetailing Characteristics of Fast Food Stores and Their Impact on Customer Sales and Satisfaction29639 Words   |  119 PagesPassage to India†¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦. 2.2 Food Retailing in India.†¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦. 2.3 Useful Information regarding McDonald’s Corporation†¦.†¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦ 2.4 Useful Information regarding Pizzahut Inc†¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦. 2.5 Useful Information regarding Domino’s Inc†¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦ ï  ¶ Chap-3 Research Framework and Methodology 3.1 Research purpose†¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦ 3.2 Hypothesis†¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦.. 3.3 Data Collection†¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦ 3.4 Methodology†¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦ Read MoreKellogg Annual Report50191 Words   |  201 Pagesdelivering sustainable and dependable growth in the future. 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Women Empowerment Through Education - Free Essay Example

Sample details Pages: 7 Words: 2139 Downloads: 9 Date added: 2017/09/21 Category Advertising Essay Type Argumentative essay Tags: Empowerment Essay Study Essay Did you like this example? WOMEN EMPOWERMENT THROUGH EDUCATION *Rashmi Joshi ** Laxmi shree mishra WOMEN EMPOWERMENT is a global issue and discussion on women political right are at the fore front of many formal and informal campaigns world wide. The concept of women empowerment was introduced at the international women conference at NAROIBI in 1985. Education is milestone of women empowerment because it enables them to responds to the challenges , to confront their traditional role and change their life . So that we can’t neglect the importance of education in reference to women empowerment India is poised to becoming superpower , a developed country by 2020. The year 2020 is fast approaching ,it is just 13 year away . This can became reality only when the women of this nation became empowerment . India presently account for the largest number no of illiterates in the world . Literacy rate in India have risen sharply from 18. 3% in 1951 to 64. % in 2001 in which enrolment of women in educati on have also risen sharply 7% to 54. 16% . Despite the importance of women education unfortunately only 39% of women are literate among the 64% of the man. Within the framework of a democratic polity , our laws , development policies , plan and programmes have aimed at women’s advancement in difference spheres. From the fifth five year plan(1974-78) onwards has been a marked shift in the approach to women’s issues from welfare to development . In recent years ,the empowerment of women has been recognized as the central issue in determining the status of women . The National Commission of Women was set up by an Act of Parliament in 1990 to safeguard the right and legal entitlements of women . The 73rd and 74th Amendments (1993) to the constitution of India have provided for reservation of seats in the local bodies of panchayats and Municipalities for women , laying a strong foundation for their participation in decision making at the local level . The purpose of t his paper to focus on the women empowerment through education and this study based on secondary data . *Research Scholar , Depart of Economics ,B. H. U, Varanasi INTRODUCTION The world of humanity has two wing one is women and other man. Not until both wings are equally developed can the bird fly. The Baha’I writings This statement clearly focused on the importance of women in our society . Women constitute an important segment of any community and perform multiple role as mother, housewife, and wages earners . Women are important productive workers in India’s national economy despite the fact that much of their work falls in the indivisible or un-organized category. In reference to Women ,the concept of â€Å"EMPOWERMENT† is a global issue and discussion on women’s right are fore front of many formal and informal campaigns world wide . The concept of women empowerment was introduced at the international women conference at NAROIBI in 1985 . Women E mpowerment has five components :-†¢ Women’s sense of self worth †¢ Their right to have and to determine choices †¢ Their right to have access to opportunities and resources †¢ Their right to have the power to control their own lives, both within and outside the home †¢ And their ability to influence the direction of social change to create a more just social and economic order ,nationally and internationally (1) Education is milestone of women empowerment because it enables them to responds to the challenges , to confront their traditional role and change their life. Empowerment is an active and multidimensional process which enable women to realize their full identity and powers in all sphere of life . Empowerment of women is very much essential to achieve sustainable development . Quoting UNFPA report, â€Å"the state of world population 1992†, the News of Bernard Van Leer Foundation says, that there can be no sustainable development witho ut development of women , because it is women who contribute most for development for children. (2) Education is milestone of women empowerment because it enables them to responds to the challenges , to confront their traditional role and change their life . So that we can’t neglect the importance of education in reference to women empowerment . Education is the first step towards empowerment and the most crucial factor in over all development of the individual as well as nation . Literacy sets one free from ignorance ,exploitation and poverty . It liberates the minds , opening up new horizon ,new hope/ opportunities and self –confidence further equipping them with the knowledge ,skills , self respect and freedom to participate sustain and excel in their life . Illiteracy on the other hand breeds ignorance ,which ,leads to exploitation , poverty, neglect crimes and number of social evils . Literacy deprives women from all opportunities and further prospects of leadi ng a meaningful life and enjoying good standard of living . Education is an effective instrument for social and economic development and national integration . Education enables women to understand their social and legal rights, become economically independent ,, acquire a voice in the affairs of the family and the community . Education is a gateway to information , opportunities and empowerment. OBJECTIVE OF THE STUDY: The main objective of this paper to focus on the importance of education in reference to women empowerment and identify the major weakness in women education in India . India is poised to becoming superpower , a developed country by 2020. The year 2020 is fast approaching ,it is just 13 year away . This can became reality only when the women of this nation became empowerment . India presently account for the largest number no of illiterates in the world . Literacy rate in India have risen sharply from 18. 3% in 1951 to 64. 8% in 2001 in which enrolment of women in education have also risen sharply 7% to 54. 6% . Despite strong linkage between women’s education and their equality or empowerment ,female literacy remain very low in India . This is specially in the case in the rural areas . Unfortunately only 39% of the women are literate among the 64% of man . In this reference our government also focused on the education to empowerment of women. The National Policy on Education (1986, revised in 1992) states : â€Å" Education will be used as an agent of basic change in the status of women . In order to neutralize the accumulated distortions of the past ; there will be a well –conceived edge in favor of women . The National Education system will play a positive ,interventionist role empowerment of women . It will be foster the development of new values through redesigned curricula , textbooks ,the training and orientation of the teacher, decision- makers and administration ,and the active involvement of education institution . This will be an act of faith and social engineering . The removal of women’s literacy and obstacles inhibiting their access to ,and retention in , elementary education will receive overriding priority , through provision of special support services , setting their time target , and effective monitoring. EDUCATIONAL DEVELOPMENT :Some Positive Signals The Census 2001 provisional reports indicate that India has made a significant progress in the field of literacy during the decade since the last senses in 1991 . A comparison of 19912001 census figure shows that†¢ †¢ †¢ †¢ †¢ †¢ The literacy rate in 2001 had been recorded at 65. 38% as against 52. 21% in 1991. The literacy rates recorded an impressive growth rate 13. 17% points from 52. 21% in 1991 to 65. 38% in 2001 the highest growth in one decade since independence. The female literacy has been higher at 14. 87% for the males at 11. 72% during this decade. The gape between male and female lit eracy rate has decreased from 24. 84%points in 1991 to 21. 70% points in 2001. The population in seven plus age group increased by 172 million during 1991-2001, while 204 million additional person became literate The total of illiterates has come down from 328 million in 1991 to 296 million in 2001. The decline in number of illiterate population is as large as 31. 96 million during 1991-2001. The decline among male was 21. 45 million and 10. 51 million among female . †¢ All the state and union territories without expectation have shown increase in literacy rates during 1991-2001. The state and union territories which have moved forward by more than fifteen percentage points during the decade are Rajesthan (22. 48), Chhatisgarh (22. 27), Madhya Pradesh(19. 44), Dadar Nagar Haveli(19. 33), Andhar Pradesh (17,02), and Uttar Pradesh (16. 65) †¢ Kerala continues to lead in the race of literacy , with male literacy at 94. 20% and female literacy at 87. 85%. †¢ Bihar recorde d the lowest literates both in case of male 60. 32% and female 33. 57%. In India there has been considerable progress in literacy since independence . The literacy rate for the total population has steadily gone up from 18. 3% in 1951 to 65. 38% in 2001. This table shows a clear picture of progress in literacy rate in India. †¢ Table: India Literacy rate 1951-2001 Year Literacy Rate(%) 1951 18. 33 1961 28. 30 1971 34. 45 1981 48. 57 1991 52. 21 2001 65. 38 Literacy rate for the decade ending 2001 shows encouraging trends . Gape Between male and female literacy rate: 2001 Literacy- Men Literacy-Female Gape Betwee male and Female literacy Source : Cencus of India , 2001 Literacy rates for the decade ending 2001 shows encouraging trends . During the last decade the gender gape in literacy has also decreased from 24. 84% points in 1991 to 21. 0% points in 2001 . Although the census of 2001 gives us very optimistic picture with regard female literacy . But actually there is still mu ch remains to be done . Because the concept of women empowerment actually fulfill when the gape between male and female literacy will be reduced at grass root level. Generally when we saw the gape between man and women literacy all over India’s state we find that approximately 20% gape in literacy between man and women. We can see this difference clearly through this table— 75. 85% 54. 16% 21. 69% 1991 64. 13% 39. 39% 24. 845 Gap increased 11. 72% 14. 87% Large Diffrence in Male and Female Literacy among the State: National Average :Male-75. 85% , Female-54. 16% State / U. T. Kerala Mizoram Lakshadweep (U. T. ) Goa Delhi (U. T. ) Chandigarh (U. T. ) Pondicherry (U. T. ) Andaman Nicobar (U. T. ) Daman Diu (U. T. ) Maharashtra Himachal Pradesh Tripura Tamil Nadu Uttaranchal Gujarat Punjab Sikkim West Bengal Manipur Haryana Nagaland Karnataka Chhatisgarh Assam Madhya Pradesh Orissa Meghalaya Andhra Pradesh Rajasthan Dadra Nagar Haveli (U. T. ) Uttar Pradesh Arunach al Pradesh Jammu Kashmir Jharkhand Literacy Rate 90. 92 88. 49 87. 52 82. 32 81. 82 81. 76 81. 9 81. 18 81. 09 77. 27 77. 13 73. 66 73. 47 72. 28 69. 97 69. 95 69. 68 69. 22 68. 87 68. 59 67. 11 67. 04 65. 18 64. 28 64. 11 63. 61 63. 31 61. 11 61. 03 60. 03 57. 36 54. 74 54. 46 54. 13 Male Literacy Rate 94. 20 90. 69 93. 15 88. 88 87. 37 85. 65 88. 89 86. 07 88. 40 86. 27 86. 02 81. 47 82. 33 84. 01 80. 50 75. 63 76. 73 77. 58 77. 87 79. 25 71. 77 76. 29 77. 86 71. 93 76. 80 75. 95 66. 14 70. 85 76. 46 73. 32 70. 23 64. 07 65. 75 67. 94 Female Literacy Rate 87. 86 86. 13 81. 56 75. 51 75. 00 76. 65 74. 13 75. 29 70. 37 67. 51 68. 08 65. 41 64. 55 60. 26 58. 60 63. 55 61. 46 60. 22 59. 70 56. 31 61. 92 57. 5 52. 40 56. 03 50. 28 50. 97 60. 41 51. 17 44. 34 42. 99 42. 98 44. 24 41. 82 39. 38 Bihar 47. 53 60. 32 33. 57 Sources: Adapted from information given in figure in figure 17 census of India 2001. Reason of increasing Gap between male and female literacy in India : †¢ Pover ty is attributes as one of the main cause of deprivation of girls from education . They need to either take care of their siblings at home , and do household work and work outside and contribute financially to the family . A recent report on the extent and depth child poverty in the developing world found there be some 135 million children between 7 and 18 years old without any education at all , with girls 60% more likely than boys (16 % compared 10%) to be so â€Å"educationally deprived†. Inadequacy school facilities is another barrier . According to the PROBE report ,44% of the school do not have play ground . 54% of the school did not have drinking water, 72% of the school did not have library ,84% school did not have toilet and 2% of a school have single teacher. Parents are hesitant to send their girls to schools that have only male teacher . Lake of qualified female teacher is a major barrier to girls education . Fear of sexual harassment is another aspect in de terring girls from attending schools and a factor contributing to the high droop out rate . Fixed schooling hours do not suit girls in rural areas ,as they are need for domestic work at home or in farms and fields during these hours. This is one of the cause of the lower participation rates of girls in education. (3) †¢ †¢ †¢ †¢ CONCLUSION AND SUGESSIONS: At present when we talk about 21st century , and women empowerment , we feel very embarrassing when we see a women in a very itiable condition in our society on the other side we feel very proud when gains highest position represent our nation . If we want to realize women empowerment Firstly we will try to minimize the literacy gap between man and women and give priority to educate a women. So that education plays a crucial role in accelerating the women empowerment . Thus education seen as â€Å"Unique investment† in present and future in reference to Women Empowerment. The National Policy on Education states that Education will be used as driving force of basic change in the status of women in socity . Access and equality are the two most important components to empower women and to facilitate the delivery of social justice to them . If we want to achieve and sustain a high growth rate must have educate women without any discrimination. REFRENCES : †¢ †¢ †¢ †¢ †¢ †¢ †¢ †¢ (1) Sshay Sushama. , â€Å"Women and Empowerment† Discovering house , New Delhi,1998; Page no. 11 (2)https://www. un. org/popin/taskforce /guide/iatfwemp. gdl. html (3) https://volunteerthoughts. blogspot. com/2005/08/girls -and-wonens-education-inindia. html Sumanthy. M and Nagendran. K. , â€Å"Women Empowerment : Ethics and logics, southern economist ,July 15 2007. ol. 46 Page no. 5-6 Janaki. D . , â€Å"Empowerment of women through education :150 years of university education in India â€Å", University News ,vol44(480 ,Nov27-Dec032006, page no 82-84. Akth ar Najma. , â€Å"Higher education in Future† ,Manak publication Pvt. Ltd, New Delhi 2000. Das Suranjan. , â€Å"The Higher Education in India and the challenges of Globalization†, Social Science vol. 35,No 3-4 ,March-april 2007. Wixard Kausar and Arya vrat Vijay. , â€Å"Women in Higher Education in the work force :Need to Bridge the Gender Gap, â€Å", University News ,Vol 45(3) ,Dec. 10-16, 2007 . Don’t waste time! Our writers will create an original "Women Empowerment Through Education" essay for you Create order

60 Years of Indian Republic Free Essays

60 years of Republic, â€Å"India† from the eyes of a common man. India is now progressing on the verge of becoming a developed nation through relentless efforts and thus reinforcing its stand globally. Today as we celebrate 60 years of republic it forces me think what has india achieved for a common man. We will write a custom essay sample on 60 Years of Indian Republic or any similar topic only for you Order Now Today still there are 80 million tribals in india, lakhs of people are still below poverty line which is a paradox for the country of vedas. On the brighter side we assert on the very fact that we are developing, the development is essential but it shudn’t be on the extent of taking the lives of innocent people, snatching the shelters of poor on the name of developing big glitzy malls. Well we cannot stop developing but we should be aware of the conditions which still prevail in india and the ones which are alleviated on the name of development. The tears and pains of mumbai attack are still in the eyes of thousands who lost their loved ones, and till date the assassins havnt been punished. So can we feel happy to develop this way. This wasn’t the India Bapu and Nehru ji had dreamt of, today we need to build a terror free and violence free india. An India of everyone’s dreams! Being an Indian it aches to see the treasures of Gandhi ji being destroyed, as it happned when the Van Vasi Chetna Asharam was destroyed just because they violated against Salwa Judum, at Dantewada district in Chattisgarh. The communal harmony is still killing thousands just on the issue of being a hindu and a muslim. We still need enlightenment of our hearts for instilling in us the feelings of brotherhood and love! So that we dont witness again another Ram mandir and Babri masjid issue. Today when we talk of modernisation and development, these communal harmonies tear us apart and take us aback. The state is elected by the people but during the intercourse of development the worst sufferers are the poors who cannot exercise their rights, who are thrown away from their dwellings to rural places in the name of making the city clean and beautification. The Nandigram violence is another set back which killed innocents in the name of development. So lets learn make others aware of the reality which India faces each chilly night, still there are thousand homeless, forced to spend night huddled in a single blanket when the whole city sleeps in quilts. I am not against development but it shudnt be carried out putting the guns on the shoulders of poor. Lets develop in a way that there occurs no harm to nybody, lets flourish with a feeling of love and lets be empathic towards the harsh realities of our country. Lets learn to raise voice against injustice and help the sufferers then whether the war be against individuals, big celebrities or the state, to stand with courage against the feigning personalities in politics or anywhere. If we kindle this spirit today, there would be thousands to follow and muster strength can work wonders, so lets spread this message with a hope to see india democratic in a real sense! Let us condone our vindictiveness for religions and rise above the horizons where each human is equal in the eyes of almighty. This way we can carve a Beautiful India- the golden bird n true sense!!! last but not the least i cannot conclude without saying the lines- † SARE JAHAN SE ACHA HINDUSTAN HAMARA, HUM BULBULEIN HAI ISKI YE GULISTAN HAMARA† Jai Hind!!!! How to cite 60 Years of Indian Republic, Papers

Challenges Faced By Entrepreneurs free essay sample

Basically an entrepreneur can be regarded as a person who has the initiative, skill and motivation to set up a business or an enterprise of his own and who always looks for high achievement. He is a catalyst of social change and works for the common good. He looks for opportunities, identifies them and seizes them mainly for economic gains. An entrepreneur is a person who is able to express and execute the urge, skill; motivation and innovative ability to establish a business or industry of his own either alone or in collaboration with his friends.His motive is to earn profit through the production or distribution of socially beneficial goods or services. He is enriched with the inborn qualities of adventurism, willingness to face risks, innovative urge and creativity and is eager to make dynamic hangs in the production process, introduce innovations and to find out new uses for raw materials. But now there is so many challenges faced by new entrepreneurs i. E. Lack of patience in solving problems, lack of sustained motivation, Inability to dream and use subconscious etc. In addition to this the other challenges includes; developing vision and ideas, raising capital, assembling a team, finding the right location, finding the right employees, finding good customers, overcoming competition, unforeseen challenges and expenses, keeping up with industrial changes and trends and exiting the business.Introduction Giant freshwater prawn (Macrobiotic An entrepreneur is an economic leader who possesses the ability to recognize purport n ties the successful introduction of a new product, new sources of supply, new technique of production etc and who assembled the necessary resources and organizes them into a going 71 concern. An entrepreneur is a person who finds out and evaluates a new situation in his environment and directs the making of such adjustments in the economic system as he deems necessary.He always searches for change, responds to it and exploits it as an opportunity. Innovation is the specific LOL of entrepreneurs, the means by which they exploit change as an opportunity for a different business or service. An entrepreneur is one who organizes, operates and assumes the risk of a business venture. The intensity of the challenge to promote an entrepreneurship culture as well as to evolve new enterprises in a sustainable and competitive fashion varies between countries.Starting a business and becoming an entrepreneur is exciting it is also terrifying. While starting a new business entrepreneurs face so many challenges; such as instability, stress, negative mindset, overwhelming feelings, jack of support, feelings of wanting to give up, growing a business, problems of raw material, problems relating to marketing, outdated technology, lack of infrastructural facilities, lack of skilled labors etc. In order to conduct an efficient business an entrepreneur must overcome challenges.The main objectives of the study are to identify the challenges faced by the new entrepreneurs and to analyze the measures to overcome them. Particular with regard to access to finance. All entrepreneurs will at some point feel overwhelmed with many responsibilities that fall on their shoulders. The common challenges faced by entrepreneurs are Overestimating Success, Misplaced purpose,. Negative Mindset, Poor Organization,. Jack of All Trades, Employee Motivation, Lack of Support.The World Bank report presents the results off survey of micro, small and medium companies in Georgia, and analyzes factors that inhibit growth of entrepreneurial and innovative activity of Georgian firms. Seems name difficulties in access to finance, especially for start-up companies, deficient knowledge and technology transfer, limited skills, absence of special Government program in support of entrepreneurship and innovation among key actors that constrain their growth and development. The World Bank report provides selected recommendations aimed at enhancing entrepreneurial culture and fostering innovative entrepreneurship. Private sector creates 9 out of 10 jobs in the global economy. Therefore, creation of attractive investment climate and conducive business environment for new business entries and growth of private sector is paramount for sustainable economic growth of the country and poverty reduction.In Georgia, however, the share of small and medium businesses in GAP remains small at less than 20 percent of GAP and is much rower as compared to many countries in the neighborhood (like Armenia where SEEM contributes 42 percent to GAP) or in Europe and Central Asia region, with an average 60 percent share of SEEM in GAP. According to the World Bank 2013 study Fostering Entrepreneurship Georgia, Georgian innovative firms create 30% more jobs and are much more competitive in the domestic and global markets than non-innovative firms.Database and methodology The st udy is based on secondary data. The secondary data required for the studies were collected from various books and publications related to the topic under study. Entrepreneurs have to face numerous challenges on the road to success, in 72 Therefore, fostering growth of entrepreneurship and creating environment for scaling up and rapid growth of innovative and more productive firms should become one of the key priorities of the country s development goals.Similar to many countries in the ACE region and in particular, EX. member countries, the government of Georgia jointly with the private sector can facilitate entrepreneurial by raising importance of entrepreneurship, improving the general business environment, increasing access to markets, information and supporting skills placement, facilitating access to finance and creating special instruments and institutions to encourage innovation, Increase firm-level research development centralization, facilitate knowledge and technological spillovers to increase firm-level productivity.The following were the important challenges faced by new entrepreneurs. Opportunity into a business idea. This as a business challenge because the process of transforming problems into business opportunities is like trying to turn lead into gold. The entrepreneurial process of Creating Value out of nothing ; a process that brings innovative products into existence. Below is an illustration of how the process goes. Identifying problem > seeing opportunity in the problem > Coming up with a solution > Forging the opportunity into a business idea > Integrating the solution into a business plan.Developing a vision is definitely a business challenge because an entrepreneur must sometimes assume the role of a sorcerer.. Most individuals are comfortable with the present way of doing things but it is the duty of an entrepreneur to envision and forecast the future. An entrepreneur must always be ahead of his time or else he will lose his relevance. It is the duty of an entrepreneur to bring into present what is yet to be. It is also the duty of an entrepreneur to bring solutions to other people s problems.In the late ass and early ass, while IBM saw increase in demand for their mainframe computers, Steve Jobs envisioned a personal computer in every home and Bill Gates envisioned the need for easy to use software for personal computers. That single vision made Bill Gates the richest man in the world and Steve Jobs the most famous business person of the 21st century. A good businessman must have nose for business the same way a journalist has SSE for news. A good businessman sees where others don t see. 1. Developing the Vision and Business Idea To have a great idea, have a lot of them. And There is far more opportunity than there is ability. Thomas Edison Developing a business idea is usually the first challenge faced by every entrepreneur when starting a business from scratch. Finding the right business opportunity or creatively developing an idea is certainly not an easy task. Envisioning the idea the first true task of an entrepreneur. An entrepreneur must possess the ability to see what others cannot see. While others see robbers, an entrepreneur must see opportunities. But seeing opportunities is just the beginning. The main business challenge is going to be the ability to forge that 2. Raising Capital for Startup After developing an idea, the next challenge that the entrepreneurs are going 73 to face when starting a business from scratch is that of raising capital. An entrepreneur is the only one that knows business idea to the core. Trying to convince investors about something that doses t exist is definitely a challenge. Trying to make them understand that they are trustworthy and equal to the task is not hill s play especially when building the first business.As an entrepreneur bound to have strengths and weaknesses. That is the more reason an entrepreneur needs a business team to cover up or compliment their weaknesses. A team is a necessity for building a successful business. It s the duty of an entrepreneur to make sure that their team sees the future as the entrepreneur see. They must believe in possibilities and must also be passionate about making that possibility a reality. If they can t grasp the vision, if they can t see the future with business, then they are not worthy being equines team.An efficient strategic business team should comprise as banker, financial adviser, accountant, attorney or legal adviser and any other specialist that will be of tremendous impact to the There is more to raising capital than just simply asking for money. Most investors want to invest in already established businesses with minimal risk and they want to be sure that they get returns for the risk they took. Most brilliant business ideas never scale through the venture capital stage because the entrepreneur is either not prepared or lacks what it takes to raise the needed capital. To overcome the challenge of raising capital, an entrepreneur must develop the ability to sell their idea and vision to potential investors.. In the game have a good story to tell; backed by a strong business plan and good persuasion skills. 4. Finding the Right Business Location Finding a good business location at the right place is definitely not easy. An efficient location that has a rapidly growing population, good road network and other amenities at a good place 5. Finding Good Employees 3. Assembling a Business Team Most writers and managers crank up the process of finding good employees as an ass task.