E-Business

E-business is also known as an electronic or internet business, where they process orders, handle customer service, and cooperate with other business partners online.

The advantages of having an e-business include lower start-up costs because it is online.  One would only need access to the internet to be able to start this e-business.  Another advantage would be more customers.  With your business being online, you would get more customers because it can be viewed globally so customers all over the world can purchase form you.  Your business will also be running all day and night because it does not require supervision.
The disadvantages of having an e-business include site security.  You must be able to keep your site up to date and not get scammed by online frauds.

Increased Minimum Wage

The minimum wage used to be $8 an hour but as of May 1st, it has increased to $8.75.  By November 1^st, the wage will increase to $9.50 and by May 1^st, 2012, the minimum wage would increase to $10.25.  The training wage of $6 has also been eliminated.   

With the minimum wage going up, a full-time minimum wage worker will have more than $4, 000 to support themselves and their families.  This is going to be extremely helpful in creating stronger and more stable families. 

For employers, this is another case.  By increasing the minimum wage, employers have either two choices.  One, to raise his prices or two, gets rid of employees.  This is an extremely important factor because in today’s 

economy, raising the prices will most likely not happen so employers will probably get rid of employees.  

I think that the rise in the minimum wage is a good thing but I don’t think that it will be that great for the families with lower incomes.  This is the case because prices are more than likely to rise and this would definitely become a problem.  The impact for employers would be different depending on the size of their business.  Small businesses will most likely benefit because they have few employees.  Larger companies will have to cut down on employees because they would need to reduce their numbers of workers.   

http://www.vancouversun.com/business/minimum+wage+rise+2012/4451912/story.html

UBC grad, 19, launches second starting

Brian Wong, a 19 year old UBC graduate already has two venture ideas under his belt.  He has received $4 million for financing a new ad model that gives mobile game players real rewards ranging from vitamin drinks to a $100 Sony tablet. This new venture is called Kiip.  These gifts will only be offered to players who reach milestones in games on their smartphones and other mobile devices.  Kiip expects the rewards from its brand advertisers to achieve a viral life of their own through social media.  As of right now, these rewards are only available to the United States but Canada will soon follow. 

I think that Brian is an extremely inventive and motivated entrepreneur.  I think that his venture idea, Kiip, is pretty interesting especially if one were to be an intense gamer.  Although this idea would not interest everyone, it would definitely attract quite a crowd with smartphones and mobile devices becoming an everyday essential in today's society.

I think that many entrepreneurs start young in technology related industries because there are many opportunities available in that field.  Technology is everywhere and it is always improving one way or another and this allows young entrepreneurs to make their own venture ideas flourish.  An example would be Mark Zuckerberg.  He is the creator of Facebook and he basically created a page for millions and millions of people to connect.