Intro to business & Technology
August 15, 2013
Period 2nd
Starting my own business as Entrepreneur
Entrepreneurship is the basis of the American dream. It can be one of the most rewarding occupations. Owning a business, making key decisions, and becoming financially independent are very rewarding benefits. Many people see starting a business as something that they will never be able to do, be it because of finances, interest, or knowledge. If people follow certain steps, entrepreneurship may not be as difficult as originally thought. Starting a small business requires skills, planning, and devotion.
Certain skills are beneficial in starting a business. Being able to interact with a variety of people such as customers, vendors, employees, bankers, and lawyers is a must. Another trait required to run a business is being organized. An organized business runs smoothly and is not overrun with paperwork. Stamina is also a must. Business owners can spend twelve to fifteen hours a day working. Training for starting a business can be as simple as reading books and internet business guides. Having a college education in business management is not a must, but it can be very beneficial.
These are the things that I’m going to do to become a great entrepreneur and to start my dream business. I’m going to planning for a business. Planning for a business is one of the most important steps in entrepreneurship. A business plan is a formal document explaining in detail plans for a financially successful business. Any lender will ask to review the business plan before any money is loaned. A plan will also benefit the business by keeping track of details, and making sure the business is progressing as intended.
Before I decide to do anything, in the planning process is demand and marketing. Competition will directly influence any business's outcome. Lower prices, superior quality, and a wider variety, will make the business have a strong foothold in the market