E-business is a term used what it comes to business processes that aim to target customers using the internet to communicate. The process involves creating a website, attracting online-customers, displaying available products and making sales through the internet.
Pros of E-Business
E-business is the best advantage you could get. You can serve customers and collaborate with business partners from all over the world and see your product or service to a huge amount of people. It gives you an opportunity to buy and sell online without actually going out and talking to customers in person. With the help of e-business, you can market and promote your service and products. Whether it is advertising on other sites, you can effectively promote your business online.
Cons of E-Business
The disadvantage is the high costs needed to make the website more visible in search engine results. E-business can run into problem if one customer is dissatisfied with their product or service. If one unhappy customer posts a negative comment, it can lead to negative reviews and comments. This results in a loss of business.
Monday, May 16, 2011
Sunday, May 15, 2011
Increased Minimum Wage
The minimum wage used to be $8 an hour. However, on May 1st the minimum wage has been increased to $8.75. Half a year later, the minimum wage will increase to $9.50, and be $10.25 by May 2012. The $6 training wage has also been eliminated.
Since they raised the price of minimum wage, employers will have a tendency to higher less employees to cover how much more they have to pay for their current employees. Which means it will be harder for unemployed people to find jobs. Teenagers and young adults will have a hard time finding jobs where they can use to gain experience. This puts a dent on the chances of them getting full-time jobs due to lack of experience. Also, due to wage increase, the employer would have to raise their product by a bit to cover their lost. This is a problem for the unemployed.
http://www2.news.gov.bc.ca/news_releases_2009-2013/2011PREM0019-000267.htm
Since they raised the price of minimum wage, employers will have a tendency to higher less employees to cover how much more they have to pay for their current employees. Which means it will be harder for unemployed people to find jobs. Teenagers and young adults will have a hard time finding jobs where they can use to gain experience. This puts a dent on the chances of them getting full-time jobs due to lack of experience. Also, due to wage increase, the employer would have to raise their product by a bit to cover their lost. This is a problem for the unemployed.
http://www2.news.gov.bc.ca/news_releases_2009-2013/2011PREM0019-000267.htm
summary&reflection of the 19 year old entrepeneur
A 19 year old UBC graduate named Brian Wong successfully launched 2 venture ideas. He recent launched his second venture idea called Kiip. He received $4 million for financing a new ad model. His company offer rewards for mobile game players such as vitamin drinks, $100 Sony Tablet, and gift certificates. These gifts will only be offered to players who reach milestones in games on their smartphones and other mobile devices. However, these rewards are only available in the US but Canada will soon follow
I find Brian Wong incredibly thoughtful. At such a young age, he was able to create a venture idea with great success. This creative idea may not attract everyone. However, definitely his venture idea extremely motivated those passionate game players. They finally get rewarded for their achievement and accomplishment.
We all know that technology is improving rapidly. Therefore, the market continuously promote electronics. Young entrepreneurs are talented in developing their own venture idea. For example: Mark Zuckerberg. He is a young entrepreneur who invented Facebook. He made use of technology as a way for people to connect.
I find Brian Wong incredibly thoughtful. At such a young age, he was able to create a venture idea with great success. This creative idea may not attract everyone. However, definitely his venture idea extremely motivated those passionate game players. They finally get rewarded for their achievement and accomplishment.
We all know that technology is improving rapidly. Therefore, the market continuously promote electronics. Young entrepreneurs are talented in developing their own venture idea. For example: Mark Zuckerberg. He is a young entrepreneur who invented Facebook. He made use of technology as a way for people to connect.
Subscribe to:
Posts (Atom)