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Essay on Starting a Small Business

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❶In the case of Luke, the numbers of people attending his lessons and paying for his services determine the success of his business.

Name and register the business

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From ABC Business School, I seek the tools and resources needed to further engage in my marketing knowledge, perform professional strategic analyses, and re-evaluate my past work experiences. I look forward to taking courses from Professor Jim. I also look forward to taking the unique classes taught by Professor Rachel E.

Davis, introducing me to the physical therapy world and enriching my business skills in that area. I spoke with Andrews about his journey, and he told me that it was through the opportunities and education he received from the professors and students at ABC Business School that helped him open his own practice.

I look forward to completing my career aspirations using the tools received from ABC Business School to contribute to my professional career. The world of physical therapy is growing, and with my skills in marketing, I hope to grow the local Ridgeview services across the globe. In this essay, the applicant is assigned to answer the prompt in approximately words.

The admissions officer expects a clear and concise essay that does not veer off the question and exemplifies quality writing, grammar, and punctuation.

In questions similar to these, the admissions officers are looking for:. Nancy, the CEO of Jasmine Publishing House, bought me a coffee and told me I should invest in warm gloves as we sat down at a corner diner for what would be a game-changing business meeting. As the leading publishing house in Europe, Nancy informed me that JPH was interested in closing a multi-million dollar deal with our fashion magazine, Zoelle, provided we changed the magazine's appearance to attract a broader European audience.

As production manager, my job was to lead and supervise a staff of 30 to match Nancy's vision, working closely with the design team, photographers, production staff and marketing team. After three weeks of heavy brainstorming, we developed a fresh appearance for the magazine.

I invited Nancy to a meeting with me and three of our executive producers. I shared with her the strategy we had created in order to solve our appearance problem, as well as estimated costs and complications.

Nancy agreed that the direction our magazine was going fit well with her vision and audience, and that JPH would be happy to work with us within the next week. Although the team was excited to accept the offer, I was concerned that we were not prepared to complete the project so quickly.

Though the executive producers did not understand, as our production team was to begin work on the next issue the following day, I explained that there may include deep financial consequences if we rush into the process. I wanted to ensure that JPH received a consistent layout from Zoelle magazine. Nancy agreed to wait until the upcoming issue was complete before beginning work on the new look.

We began work the following Tuesday, after the latest issue was produced. I collaborated with an eight member marketing team to develop new branding for our magazine and mediated this branding with the design team, ensuring that it was able to blend well with their ideas and insights based on the first meeting with Nancy. I led the operation of the first issue to be published via JPH, supervising 30 employees.

After the issue was published, our sales increased by 42 percent in the first week. After leading the Zoelle team to a business deal close and a fresh start, I learned that with the proper leadership, a staff of varied talents, insights and opinions can work closely together to produce a magazine that continues to increase its sells each issue. Customers from Europe and the United States commented with positive remarks on the new look, showing interest in the replacement of the former look, which had been being published for seven years.

After this leadership experience, I was able to see my potential as a leader. Finally, you will meet the problem of rent, taxation, etc. A firm resembles a household. You should pay attention to the slightest problem, question and misunderstanding if you want to increase your income and develop your small firm into something bigger. As might be expected, starting a small business has many advantages and disadvantages.

The most solid strong side is independence. You do not have to work for someone else. You work for your own profit. You possess the freedom of choice and actions. If you are not respected and appreciated at work, you can embody your original and amusing ideas in your own business.

Ambitious people always try to start a small business if they receive such an opportunity. You do not need to listen to the instructions and threats of your boss when you are late. At long last, you will earn more money. You are the boss and the entire profit is yours. Nevertheless, there are many factors that cause problems to a novice entrepreneur. You should remember that independence is also responsibility. You are responsible for your firm, its prosperity and the wellbeing of your employees.

Furthermore, you are responsible for the health and life of your customers who consume your products. You are expected to know how to develop and improve your small company beneficially. You should know how to behave in case of crisis and unpredictable situations. You should be ready to wake up at night and spend the whole day at your firm in order to settle down all urgent problems and conflicts between employees.

You should be a teacher, psychologist and negotiator who is able to resolve conflicts and motivate his staff practically. Hence, financial resources will affect Luke's business. To start his business, Luke has to determine the exact or approximate equipment and materials he has to use to run his business. All the equipment and materials purchased must be useful for the business itself and sufficient for the customers to use during each lesson.

Insufficient of equipment might project a negative image to the potential customers and affect the business. Therefore, Luke has to consider his equipment and materials needed carefully to prevent negative impact on his new business. The technological environment is changing rapidly and drastically. There are always new technology being invented everyday and this affect almost every business.

Since Luke's business is very much related to technology, his business will receive a greater impact when technology changes. His business, which includes providing lesson regarding the usage of Internet and e-mail, are experiencing changes daily. He must make sure what he teaches are up to date and stays alert whenever there are any updates.

Thus, Luke's business will face a challenging technological environment and it is an uncontrollable environment. Another uncontrollable environment that will affect Luke's business is the customer itself. The customer plays the biggest role in any business because they influence the demand level and they have the buying power. In the case of Luke, the numbers of people attending his lessons and paying for his services determine the success of his business.

If many people are paying for his services, this means his business is in good condition and marketable. However, the customers are affected by various factors such as cultural, social and psychological factors.

Luke must market his service according to the targeted group, which consists of older people who lack of knowledge in Internet and e-mail in order to gain maximum customers. Therefore, the customers are affecting Luke's business directly. Essay UK - http: If this essay isn't quite what you're looking for, why not order your own custom Business essay, dissertation or piece of coursework that answers your exact question?

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Essay UK, How to start up a business.

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met at a job in which they work for someone else. "Nearly one million individuals start. their own business every year (Ludden and Maitlen1)." This paper will describe the. things that are elemental to starting your own business. Starting a business takes more. than an idea. It takes certain kinds of people and proper planning. It takes financial/5(17).

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When starting a new business, there will be many important decisions to make as well as rules and procedures that must be addressed. The following information below, Is chronologically in order. They are the simple steps in beginning a new business. The first step in starting a new business is the development of an idea.

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Starting a Small Business essays Small businesses benefit both the economy, by creating new jobs and industries, and consumers, by providing innovative specialized goods and services to . Be clear in why you want to start a business. Writing a mission statement should be one of the first things you do. I referred to the Small Business Administration for help in creating a business plan, deciding my business structure, and learning about the legalities of owning a business. Research your market.

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Starting a small business is a challenging but beneficial idea. You are able to establish you own store, café, restaurant or bakery and embody your offbeat and splendid ideas there. On the other hand, you should be ready to resist numerous challenges and work hard for the protection and development of your business. Starting or running your own business is a very big task,running your own business is also challenging,interesting,rewarding, exiting and.