Breaking the Bottleneck of Owning in Business

Dr. Orok B. Arrey

Breaking the Bottleneck of Owning in Business

Dr. Orok B. Arrey * §

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Breaking the Bottleneck of Owning in Business

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Abstract

A new business, is more of a gamble. The owner has no idea how the business will perform since it has no past history or customer loyalty. The owner must provide physical facilities, inventories and organization as well as create an image for the business and assume it’s risks. There are certain advantages to doing this. The new firm is designed specially by the entrepreneur. Location is selected; not merely accepted because it is already there. The fixtures, equipment, inventories, employees serve the needs of the owner. Although all customers are new and must be attracted to the business, there is no chance of inheriting a poor reputation from the owner.

References

6 Cites in Article

Reference Format

1. S. David,C. David,E. (1977). Project Feasibility Analysis: A Guide to Profitable new Ventures (New York: John Wiley and Sons).
2. D. Kermit,B. Paul (1980). Financial Accounting (Homewood: Richard) IRWIN.
3. W. Nickels,S. Mchugh (1987). Understanding Business (Boston; Richard D.
4. S. Owuala (1999). Financial Management. Financial Management
5. J. Schumpeter (1974). The Theory of Economic Development (Oxford: Oxford University Press).
6. A. Seth (2000). The Entrepreneurs/Paradigm (Port: Pearl Graphics).

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Funding

No external funding was declared for this work.

Conflict of Interest

The authors declare no conflict of interest.

Ethical Approval

No ethics committee approval was required for this article type.

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Not applicable for this article.

How to Cite This Article

Dr. Orok B. Arrey. 2015. "Breaking the Bottleneck of Owning in Business". Global Journal of Management and Business Research - A: Administration & Management GJMBR-A Volume 15 (GJMBR Volume 15 Issue 34 (A8)).

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GJMBR Volume 15 Issue 34 (A8)

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Journal Specifications

Crossref Journal DOI 10.17406/GJMBR

Print ISSN 0975-5853

e-ISSN 2249-4588

Keywords

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Classification

GJMBR-A Classification JEL Code: M10

Submission ReceivedApril 6, 2015
Peer Review Double Blind
Handling Editor
Accepted May 4, 2015
Published August 3, 2015

Version of record

v1.2

Issue date

August 3, 2015

Language

English

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Article Matrices

Total Score: 106

Country: Nigeria

Subject: Global Journal of Management and Business Research - A: Administration & Management

Authors: Dr. Orok B. Arrey (PhD/Dr. count: 1)

View Count (all-time): 349

Total Views (Real + Logic): 940

Total Downloads (simulated): 86

Publish Date: 2015 07, Mon

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Total Views: 940

Total Downloads: 86

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