Research Paper on Businesses Success

In the world today, there are businesses everywhere. There are small, big, unsuccessful, and successful businesses. Many business owners planning affect the success of their business. As said “A man can succeed at almost anything for which he has unlimited enthusiasm” (Schwab). Although some people may think the purpose of having a business is to make money and supply jobs to workers, it is not. The purpose of a business, a successful business, is to supply goods and services to customers. In order to supply commodities and quality service to customers, business owners have to plan a successful business. Everyone knows that with a successful business comes a great business plan. A business plan is a documentation that states the purpose of the business and its goals and goes on to show how the owner will realize those goals, including the marketing strategy. The plan also includes a break-even analysis, a profit-and-loss projection, and a cash-flow analysis designed to show if the business develops as expected, then it would make money. Not only is a business plan important, training, the location of the business, and the growth of the business are also important.
Training equals education, and education equals a successful business or unsuccessful business. It is important for a business owner to have an education on how to create and run a business. Getting the proper training helps the owner gain knowledge on what he or she needs to know based upon starting a business around other businesses. When future business owners go to school, they get the proper training on how to control their business. Some people take a class and get a certificate and others attend a 4+ year college/university to get a degree in business. Some entrepreneurs believe that a Master of Business Administration (MBA) is not necessary to a successful small business, but it is. Getting the proper training and receiving a MBA means having knowledge of running a small business, including