SBANC Newsletter - February 10th, 2015

Page 1

Who: SR Engineering College

SREC

SBR

When: March 9-10, 2015

What: 2nd Intl. Conference on Next Where: Telangana, India Generation Education for Entrepreneurial Engineers Deadline: February 25th, 2015 Who: Society of Business Research When: March 19-21, 2015 What: 2015 International Conference Where: Orlando, FL, USA Deadline: February 25th, 2015

ICSB

Who: ICSB

When: June 6-9, 2015

What: ICSB 2015 World Conference

Where: Dubai, UAE Deadline: March 1st, 2015

Who: Sam Houston State University When: April 17-18 2015

GBF

SOBIE

AACSB

What: 7th Annual General Business Conference

Where: Huntsville, TX

Who: University of North Alabama

When: April 14-17, 2015

What: SOBIE 2015 Academic Conference

Where: Destin, Florida

Who: AACSB Intl.

When: April 26-28, 2015

What: ICAM - 2015

Deadline: March 6th, 2015

Deadline: March 8th, 2015

Where: Tampa, FL, USA Deadline: March 15, 2015


IJAS

IJAS

AIIC

Who: Intl. Journal of Arts & Sciences What: Annual Multidisciplinary Conf. in Boston

When: May 26-30, 2015

Who: IJAS

When: June 16-19, 2015

What: Intl. Conference for Academic Disciplines

Where: Florence, Italy

Who: Annual Interdisciplinary Conference What: AIIC 2015

ACBPP

AA

JEMS

ICEBT

When: July 8-11, 2015 Where: Azores Islands, Portugal Deadline: June 25, 2015 When: November 5-7, 2015

What: The Asian Conference on Business and Public Policy

Where: Kobe, Japan

Who: Allied Academies

When: April 8-10, 2015

What: Spring 2015 International Conference in New Orleans

Where: New Orleans, Louisiana Deadline: February 26, 2015

Who: Journal of Exclusive Management Science

Who: COMSA 2015

PEFBC

Deadline: April 2, 2015

Who: ACBPP 2015

What: March 2015 Issue

COMSA

Where: Boston, MA, UCA Deadline: March 26, 2015

Deadline: July 1, 2015

When: March 2015 Where: Online Deadline: February 28th, 2015 When: April 29-May 1, 2015

What: The Conference on Manage- Where: Hiroshima, Japan ment and Sustainability in Asia Deadline: March 4, 2015 Who: Paris 2015

When: April 13-15, 2015

What: Paris Economics, Finance and Business Conference

Where: Paris, France

Who: ICEBT 2015

When: August 25-26, 2015

What: 2015 Intl. Conference on Economics, Business and Trade

Where: Hong Kong

Deadline: March 6, 2015

Deadline: March 20, 2015


SBANC

SBANC

IJIER

GMC

The Small Business Advancement National Center aims at increasing your knowledge of small business and entrepreneurship. All questions and comments are greatly appreciated.

The Small Business Advancement National Center is moving its website. In the process of doing so, we have found that our Newsletter archive lacks the following issues: 513, 521, 534, 535, 611, 617, 622, 626, 631, 665, 732, 733, 785 & 786. If you have any of these issues, please contact us. Thank you!

The International Journal for Innovation Education and Research is now accepting the submission of papers for their Volume 3, Issue 2, February—2015 journal. The submission deadline is February 20th, 2015.

The 2015 Spring Global Management Conference will be held March 68, 2015 in Los Angles, CA. They are welcoming all papers and the submission deadline is February 27th, 2015.

GAM

The European Scientific Institute and Jawaharlal Nehru University in New Delhi, India, is having its 2nd Global Academic Meeting from April 1-4, 2015. The deadline for papers is March 1, 2015.

WEI

The West East Institute is holding another Business & Economics Academic Conference which will be on April 12-14, 2015 in Vienna, Austria. They are now inviting the submission of research papers for this conference. The submission deadline is March 13, 2015.

EBMC

The European Business and Management Conference of 2015 is now inviting the submission of research papers. The conference will be located in the United Kingdom July 9-12th, 2015. The submission deadline is March 15, 2015.


Tip

of the Week

“Develop a list of the criteria that define the ‘ideal business’ for you.” The Steps in Acquiring a Business Buying an existing business can be risky if approached haphazardly. Kevin Mulvaney, a professor of entrepreneurship at Babson College and a consultant to business sellers, says that 50 to 75 percent of all business sales that are initiated fall through. To avoid blowing a deal or making costly mistakes, an entrepreneur-to-be should follow these seven steps: 1.

Conduct a self-inventory, objectively analyzing skills, abilities, and personal interests to determine the type(s) of business that offer the best fit.

2.

Develop a list of the criteria that define the “ideal business” for you.

3.

Prepare a list of potential candidates that meet your criteria.

4.

Thoroughly investigate the potential acquisition targets that meet your criteria. This due diligence process involves practical steps, such as analyzing financial statements and making certain that the facilities are structurally sound. The goal is to minimize the pitfalls and problems that arise when buying any business.

5.

Explore various financing options for buying the business.

6.

Negotiate a reasonable deal with the existing owner.

7.

Ensure a smooth transition of ownership.

Analyze Your Skills, Abilities, and Interests The first step in buying a business is not searching out potential acquisition candidates. Every entrepreneur who is considering buying a business should begin by conducting a self-audit to determine the ideal business for him or her. The primary focus is to identify the type of business that you will be happiest and most successful owning. Consider, for example, the following questions:

To be continued →


Tip

of the Week

“...identify the type of business that you will be happiest... owning.” Continued... 

What business activities do you enjoy most Least? Why?

Which industries or markets offer the greatest potential for growth?

Which industries interest you most? Least? Why?

What kind of business would you enjoy running?

What kinds of business do you want to avoid?

What do you expect to get out of the business?

How much time, energy, and money can you put into the business?

What business skills and experience do you have? Which ones do you lack?

How easily can you transfer your skills and experience to other types of businesses? In what kinds of businesses would that transfer be easiest?

How much risk are you willing to take?

Are you wiling and able to turn around a struggling business?

What size company do you want to buy?

Is there a particular geographic location you desire?

Answering these and other questions beforehand allows you to develop a list of criteria a company must meet to become a purchase candidate. Addressing these issues early in the process will also save a great deal of time, trouble, and confusion as you wade through a multitude of business opportunities. The better you know yourself and your skills, competencies, and interests, the more likely you will be to find and manage a successful business.


How Advertising Content Can Stimulate Consumer Ethnocentrism This paper was written by William T. Neese, Jeffrey J. Haynie, J. Robert Field, and R. Charles Viosca from Nicholls State University.

As the world evolved into a global marketplace with easily accessible product information and availability, consumer perceptions of imported brands versus those made in their own countries have become a topic of interest to academicians and practitioners alike. Those perceptions (consumer ethnocentrism) are typically conceptualized as a moderating construct which is determined by each individual’s social, psychological, and situational influences. There is a possibility that marketing activity such as advertising can increase the saliency of ethnocentric tendencies at the point of contact with a consumer, or even drive the direction of those beliefs and feelings. Little if any research has empirically tested this notion, so the current study begins that exploration. This manuscript reports the results of a series of ANCOVA runs that found significant deviation in mean scores across a 2x2x3 factorial design of test advertisements when individual hierarchy-ofeffects differences are controlled through covariates. Interaction effects are also reported.

Executive Director Dr. Don B. Bradley III

Development Intern Daniel Champion Marissa Sides Raina Silva

The Small Business Advancement National has recently made immense changes to the layout of its website, SBAER.UCA.EDU, as well as its Newsletter. We welcome constructive criticism, comments, and of course, all questions throughout this transition.

(pg. 323) Read Entire Paper Here

Email: SBANC@UCA.EDU Phone: 1 (501) 450-5300

Society of Marketing Advances 2014 Proceedings Neese, Haynie, Field, and Viosca Page 323

Essential of Entrepreneurship and Small Business Management Scarborough PEARSON Pages 237

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