COMSATS Institute of Information Technology Abbottabad

Assignment # 01

Course Title : Semester : Teacher :

Entrepreneurship Spring 2012 Mam Huma Shakir

Submitted by Bakht Zaman : FA08-BEE-179

Date

: 22-02- 2012

Department of Electrical Engineering COMSATS Institute of Information Technology Abbottabad

Memo:
The word memorandum is derived from the Middle English word 'memorandus' meaning 'to be remembered'. A memo or memorandum is a type of communication document commonly used in businesses which are sent to colleagues and co-workers in the same organization.

Business letter:
A business letter is a letter written in formal language, usually used when writing from one business organization to another, or for correspondence between such organizations and their customers, clients and other external parties. Difference between memo and business letter: Memos are informal, letters are formal. Memos are usually internal, but letters are not. Memos are short and relatively precise while letters are long. Memos are more direct than letter. .Format is different .A memo usually contains To, From, Date, and Subject while business letter contains Sender's address & contact information, Date of writing, Subject, Recipient's name, title, company, & address, Salutation/greeting, Valediction/closing and Sender's signature.

Examples of Business Letters:

3519 Front Street Mount Celebres, CA 65286 January 26, 2012 Ms. Betty Johnson Accounts Payable The Cooking Store 765 Berliner Plaza Industrial Point, CA 68534 Dear Ms. Johnson: It has come to my attention that your company, The Cooking Store has been late with paying their invoices for the past three months. In order to encourage our customers to pay for their invoices before the due date, we have implemented a discount model where we'll give you 2% off your invoice if you pay us within 10 days of receiving the invoice. I hope that everything is going well for you and your company. You are one of our biggest customers, and we appreciate your business. If you have any questions, feel free to contact me at (555) 555-5555. Sincerely, Bob Powers Accounts Receivable

Trent Chang 56 Somerset Lane Kai Tak, Kowloon Hong Kong February 21, 2012

Marketing Director Dymon Publications 2201 South Maple Street Salt Lake City, UT 84797 U.S.A Dear Sir/Madam, I would like to order ten (10) copies of the book, Corporate Law by A.G Chaudry : A Text book for Engineering Students. I recently came across this book at a local teachers' conference and was very impressed by its format and contents. Could you please send the books by express mail? I need them for class next Monday. Also, would you mind sending your latest catalog or brochure? Thank you for your prompt attention. I look forward to hearing from you soon. Best regards Trent Chang

Examples of Memos:
To: Team Leaders From: M. Jones Date: January 3, 2012 Subject: 2012 Relay for Life The organizational meeting for the 2012 Relay for Life campaign will be January 20th. Please arrange to attend this very important event. The theme for this year's Relay is "The Colors of Cancer" and each team will be assigned their color at the meeting. Have your fund raising plans ready to present so that other teams may be aware of your activities and be ready to lend assistance where they can. If you cannot attend, please send an alternate to choose your color and present your plans. Let's get this year's campaign off to a bang up start.

To: Employee of B.Z Software House From: Manager B.Z Software House Date: February 5, 2012 Subject: County Government Web Design Our bid to build a new Website for the Ballard County government has been approved. Your contact with them will be Susan Barnes. She would like to meet with you next week. You will need to call her to set up a day and time. Her phone number is 999-555-1234. ______________________________________________________________________________

Leadership skills of successful Entrepreneur:

The following are the Leadership skills of successful Entrepreneur :
The successful Entrepreneur as a leader has a vision. The successful leader shares successes. He should support and guide the employees The successful leader believes in his/herself. He should ability to handle stress. As a leader he should communicate well. The successful leader manages by walking around. The successful leader acts and reacts in an honest manner He doesnt accept society's definition of what is possible. He should understand leverage and relationships. The successful leader creates and fosters a learning environment