Assignment for Friday, March 6th (DO NOT COMPLETE UNTIL FRIDAY!!)

1. Research the three types of risk (economic, natural, and human) Writing down what each part represents and give an example.
2. How do they protect against each risk from the aspect of a business owner or entrepreneur.
3. Have them find the website for About Retail Industry. It is part of the About.com network. And answer the specific questions here:
a. How much money per year do businesses lose through theft and employee error
b. What is the majority age of shoplifters
c. What is the average theft amount per incident
d. What is source tagging
e. What are the three major retailers that are using source tagging
f. Find another article on retail theft and name it. Also, write a short paragraph summary of the article illustrating the main points.
g. Why do you think people shoplift?
h. What are the advantages for a retailers using source tagging?
i. Do you think About retail industry would be a good source for information for a business owner. Who or why not?

Richard Branson, Founder Virgin > Richard Branson was born in 1950 and educated at Stowe School. It was here that he began to set up Student Magazine when he was just 16. By 17 he'd also set up Student Advisory Centre, which was a charity to help young people.In 1970 he founded Virgin as a mail order record retailer, and not long after he opened a record shop in Oxford Street, London. During 1972 a recording studio was built in Oxfordshire, and the first Virgin artist, Mike Oldfield, recorded "Tubular Bells" which was released in 1973.This album went on to sell over 5 million copies! Since then many household names, including Belinda Carlisle, Genesis, Phil Collins, Janet Jackson and The Rolling Stones have helped to make Virgin Music one of the top six record companies in the world. The equity of Virgin Music Group - record labels, music publishing, and recording studios was sold to THORN EMI in 1992 in a US$1billion deal.The Virgin Group has now expanded into international music Megastores, air travel, mobile, financial, retail, music, internet, drinks, rail, hotels and leisure, with around 200 companies in over 30 countries. Yes, we've been busy!Virgin Atlantic Airways, formed in 1984, is now the second largest British long haul international airline and operates a fleet of Boeing 747 and Airbus A340 aircraft to New York, Miami, Boston, Los Angeles, Orlando, San Francisco, Hong Kong, Johannesburg, Tokyo, Las Vegas, Delhi, Lagos, Port Harcourt, Shanghai and the Caribbean. The airline is based on the concept of offering a competitive and high quality Upper Class, Premium Economy and Economy service. The airline has won many major awards, including Airline of the Year Award several times.During 1997 Virgin took over Britain's two most run-down rail franchises, CrossCountry and the West Coast Main Line. Virgin is currently engaged in a £2billion fleet replacement programme.In 2002, the combined sales of the different Virgin holding companies exceeded £4billion. In addition to his own business activities, Richard is a trustee of several charities including the Virgin Healthcare Foundation, a leading healthcare charity which was responsible for the launch of a health education campaign relating to AIDS in 1987.
Virgin > Virgin - one of the most respected brands in Britain - is now becoming the first global brand name of the 21st century. We are involved in planes, trains, finance, soft drinks, music, mobile phones, holidays, cars, wines, publishing, bridal wear - the lot! What tie all these businesses together are the values of our brand and the attitude of our people. We have created over 200 companies worldwide, employing over 25,000 people. Our total revenues around the world in 2002 exceeded £4 billion (US$7.2 billion).We believe in making a difference. In our customers' eyes, Virgin stands for value for money, quality, innovation, fun and a sense of competitive challenge. We deliver a quality service by empowering our employees and we facilitate and monitor customer feedback to continually improve the customer's experience through innovation.

1. What do you know of Virgin?
2. What are your thoughts on beginning a business from scratch and making it into a multi-billion dollar corporation?
3. What kind of marketing techniques did he use?
4. Do you think that you are bron to be an entrepreneur or become one through schooling and learning?

Entrepreneurship

If you were to start a brand new business all from scratch, What would it be?? Who owuld be your target market?? And What types of strategies would you use to bring in your customers and get them to stay??

Make sure to use thought and cut out the one line answers. Grading will get tougher on the one line answers starting this week!!