Starting A Business Essays

Starting a Business Essays
Introduction
More and more people are beginning to open their minds to new business ventures. It seems like it is becoming the popular move. By opening a
business there could be huge profit to be made, depending on the market. On the other hand, there are risks and losses that may occur as well. It is
said that there are two reasons why people start a business. The first reason is because they have inspiration for what they believe would be a great idea
and the second is from desperation. People have a need to make money and there are no jobs out there, which they found, that suites them or their
needs. There are various different ways to start a business. Not all entrepreneurs begin their business by the thought of an idea....show more content...
The most important step in starting a business is the business plan. If the business plan is not completed then the business is more likely to fail,
lenders are less likely to lend money to the business, there could be a loss of investment or other bad things could happen. Most of all the preparation
for the business is not there and the owner(s) may not be prepared for most of the situations they will face.
In order to find out a way in which to figure out the needs and the wants of potential clients, a good idea would be to do a survey. This will allow
the business owner(s) a chance to get a reflection or thought of the people that will be using the services of the company. This may increase the
sales or services of the business as well. Another survey that could be completed is to find out with other companies in the same market are heading
toward. Also by doing this it can enable the business to redesign the business before it is too late, to adapt to the needs of the consumers. Keeping in
touch with the public needs will help the business in the short and long term periods. This step should be done before the business plan to capitalize
on the survey done. To be able to get this done correctly, there are people who work for the Governments that are trained for this kind of thing. The
places known off hand is the Business Service Center, and ACOA (Atlantic Canada Opportunities Agencies). These are Federal
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Essay Entrepreneurship
Entrepreneurship defined by Jeff Cornwall at Belmont University is, "A process of identifying, evaluating, seizing an opportunity and bringing together
the resources necessary for success." (www.belmont.edu) There are a wide variety of risks when it comes to starting and running your own business,
just some of them are: under capitalization, poor management, market misjudgment, and lack of planning. Lack of planning and under capitalization go
hand–in–hand because if you don't properly plan your strategies and what you would like to do in the future of the company you are trying to start,
then you aren't going to be able to afford it. Like when someone says "Just looking!" while searching for a car, you put yourself in a weaker position
...show more content...
Working under this kind of prejudice might rule some people out of choosing an entrepreneurial life style, however, there are some people who
find working under such conditions fun because they can try to prove how not everyone follows those shady tactics. "Tenacity, street smarts, the
ability to pivot, resiliency, inspiration, and the willingness to accept risk..." (www.actionmba.org, 2010) Are personality traits you should have to be
successful in the world of entrepreneurship. There will most likely be times during your endeavor that people will give up on you, your idea, or
both and you should have the drive to back up your goals no matter what. You should be able to pivot according to where the market goes and have
the ability to be successful and innovative in a wide spectrum of situations. On the flip side, some people believe that you don't necessarily need to be
born with such traits to become a great business owner; all it takes is some practice to love and nurture these traits so that they become just like
habit! Or maybe all you need is one of these traits that can be linked to others so that you can pick them up quickly... Further studying needs to
happen before we can know for sure but for now we do know that if you are strong and motivated, then little will be able to stop you

Essay On Startups
Elearning For Startups: Accelerate Learning For Your Crew, Propagate Success For Your Company
More than half of all startups fail within the first few years of operation, with the primary causes being lack of knowledge and lack of experience. If
you're a small business owner or even a larger, well–financed startup, these statistics are terrifying. You pour your heart, soul, time and most of your
money into a company that has this constant dark cloud of "likely to fail" hanging over it. That kind of pressure is grueling and it doesn't make for a
very productive work environment. What if you could take the lack of knowledge and experience out of the equation for your business; thus, giving it a
remarkable edge. What if you could infuse your...show more content...
How do you anticipate the future and therefore, prepare for it? If you can't predict markets, consumer trends and supply chain challenges, how can you
keep a business running? When should you scale and how fast should it happen? To scale or not to scale is a major hurdle for most startups and one
that can cost them everything if they don't get it right.
These and other soul–searching questions should give you a good idea of what you're lacking in terms of experience and education and provide the
platform for learning in the near future. These are pivotal questions you don't want to look back on with the answer "If only I knew then what I know
now". Know it now, to avoid many of the costly mistakes startups trip over.
Organize Your Resources
The budget for most startups isn't usually very large, but your need for education is; therefore, it's important to prioritize current spending and only
allocate resources to projects that will propel the company forward. Elearning can save you needed funds in a number of ways:
Travel: Even if your training facility is local, the expenses involved in transportation are considerable. Facilities And Instructors: With in–house
corporate elearning, you won't be burdened by the price tags for renting space and hiring instructors. Employee productivity: While your people are
traveling to and from training and while that training is underway, you're still paying them

Start A Business Essay
How to start a business from a CPA view point?
Starting a business is the latest trend. Just take a look at Instagram. Several profiles have the caption 'Entrepreneur'. At this very moment, there is
someone, somewhere working on an idea, a business plan or launching a startup. Entrepreneurship is on the rise like never before. The flexibility and
independence that comes with being one's own boss is attractive and worth taking the leap in starting a business. However, most people don't know
that being an entrepreneur is a grueling journey that can be very lonely and stressful at times. According to the Small Business Administration (SBA),
50% of businesses fail during the first year. Starting a business can be a scary task, but the...show more content...
If you need guidance on which market research methods work best for your business, check out the SBA resource partner network.
2.Develop a Business Plan
A business plan is the core of your business and a must have. It is the roadmap that brings your business idea into a reality. A business plan is a
written document that describes in detail how a business, usually a new one, is going to achieve its goals. It guides your business from the start– up
stage to developing, growing and managing your business. It can also be used to get funding.
There are different types of business plans, but most businesses fall into these two common categories: traditional or lean startup.
If you are planning to get funding from an investor or financial institution, a traditional business plan is required. The traditional business plan is long
and very detailed, with several sections that investors and banks look for when they are weighting on your idea to decide whether to give you funding.
Generally, the sections included in a traditional business plan are the executive summary, market analysis, organization management, service or product
line, marketing and sales, funding request and financial projections.
If you are not looking for financial support, your business is relatively simple and you want to start your business quickly, a simple lean start up
business plan can be drafted. It focuses

How To Start Your Business Essay
Steps to Start Your Business Cover the Basics Take Seminars and Training Classes. As a new entrepreneur, it 's wise to have some background
information on various aspects of the business world. Learn the various characteristics about a business, from handling finances to your responsibilities
as an employer. Choose a Location for Your Business. Planning and searching go into finding the right spot for your new venture. Consider
demographics, supply chain management, competition, budget, zoning regulations, local workforce and growth potential. Determine Legal Structure
and a Name. Depending on the legal structure, your business should be filed with our local county clerk 's office or the Secretary of State. If your
business is taking a name other than your own, read the following instructions. As a Sole Proprietorship or Partnership, file an Assumed Name
Certificate for local registration with the Hidalgo County Courthouse. For business entities in the state registering as Limited Partnerships, Registered
Limited Liability Partnerships, Limited Liability Companies, Corporations, Professional Corporations, Non–Profit Corporations and Professional
Associations, file documentation with the Texas Secretary of State. Corporations must file Articles of Incorporation. Write a Business Plan Executive
Summary. This portion offers a first glance of the information detailed in your business plan. It highlights your company's profile and goals. For
established businesses, it

Choosing Business Structure Essay example
Starting a business can seem like a daunting task, when really there is a systematic approach that an entrepreneur can take to setting up a business.
There are many factors to consider when setting up a business structure; these factors include start up cost, operating costs, liability, and taxation. A
business owner will also want to look at whether or not they may want to expand in the future, which will also play a factor in what type of business
they should set up. This paper will look at the advantages and disadvantages of sole–proprietorships, partnerships, limited liability companies, and
corporations. As well as look at what courts can do if a business operates outside the scope of accepted business practice. There is no "one size...show
more content...
A sole–proprietor also has unlimited liability, which means the business and the owner are not separate entities. (Ref. 1, pg. 1) Therefore they are
responsible for any damages incurred by the company and any personal property may be taken to pay for damages. Because a sole–proprietorship is
not separate from the owner the income from a sole–proprietorship is taxed as personal income, or "pass through" income. The business owner has to
pay FICA taxes of 7.65% on all income up to $94,200; they also have to pay an additional employer FICAtax of 7.65% on that same first $94, 200
which brings the total to 15.3%. The owner also pays a FICA tax of 1.45% on all income of $94,201 and above because all income is treated as
personal income for the business owner. These taxes are in addition to state and federal income taxes, which also tend to cater more to other types of
business structure, particularly corporations.
Partnerships are the least used type of business making up about 11% of US business and account for only 8% of the profits. (Ref. 3, pg.76)
Partnerships are very similar to sole–proprietorships in the form of structure. Each partner takes their assets and pools them together to form a
company. The advantage of a partnership is a greater pool of assets or capital, and shared risk among the partners. In a partnership the owners can all
provide operating capital, as well as apply for loans which give them more

Essay about Business Challenges
1. The most significant challenge to business success you see in this rapidly changing global economy;
One significant challenge to business success in this rapidly changing global economy is that many business are focused on efficiency and economic
of scales. Just like the example provided by Michael H. Hugo on Chapter 1, many companies are focused on lowering operating cost as much as
possible. This is causing for executives not leave any room for unpredicted changes limiting the company's ability to respond to customer's changing
needs.
2. An organization that has been successful in the global marketplace using virtual teams and the best practices it used (as discussed in Chapter 7 of
Business Agility: A Sustainable...show more content...
While this is a practice enforced throughout the company, it was necessary to make sure that this communications were clear to the virtual team in order
to maintain morale and the team's trust in the company.
3. How the Marketplace simulation incorporates these challenges into simulation game play;
The Marketplace simulation incorporates these challenges by providing student with real–world business problems and roles. Team members are
challenged to make decisions and used critical thinking in order to solve this problems virtually. While The Marketplace gives the team the tolls
necessary to have effective communication, ultimately each team members contributes to the overall success of the team, just like in a real business
situation.
4. How your readings and individual self–assessment work provide potential solutions to these challenges.
The unit's readings have provided many solutions to the challenges businesses encounter nowadays. To this day, there are many companies that have
business plans that concentrate strictly in lowering operating cost, cut budgets as much as possible and overwork workers that already are overworked.
Some of this solutions include: * Thinking of the costumer's needs and being able to respond to their ever changing needs * Management needs to be
transparent and make sure to communicate with employees, especially when the organizations is making

My Dream Of Becoming A Business Owner
Introduction In today's world many people dream of having their own business. Sometimes that dream never comes true because that person does
not have the funds nor resources to make it happen. Many of those potential entrepreneurs reach out to other in hope to make that dream come
true. I am one of those dreamers and I hope my dream of becoming a business owner has come. This dream can only come true with the help of you
as an investor. Please take the time to study my profile. I hope you will find that I am capable of owning and operating a success business. The
business I am starting is a wedding accessories specialty shop. It is a one stop shop where you can get practically everything you need to make your
wedding special. You...show more content...
Although these employees have specific duties they will all help with other duties. We are to be one family focusing on the needs of the
customers. The reason I have decided to open this type of shop is because people are always getting married and they get so frustrated when they
have to run all over town to get the items they need for their wedding. This a business that will always be a need for. It has a high potential market
and customers will not mine paying the extra money to get most of their items for the wedding at one stop. Listed below are some of the chart of
accounts that will be used in my business: Cash$15,000Note Payable$30,000Supplies /Inventory$ 15,000Rent Expense$ 1700 Advertising
Expense$ 1,000Gasoline Expense$ 700 Prepaid Insurance$ 1,500Utilities Expense$ 1,100 Van$22,000Wages and Salaries Expense $28,000
Equipment$15,000 The accounting method I will be using is the GAAP method. The business I am expecting to open will not be global but local.
Our webpage will be out on the Internet so any one can purchase our items. So therefore, GAAP method would be more efficient. Also, the GAAP
method uses cost principle versus fair value principle. In the cost principle the company will record assets at their cost. The cost principle will not
only be used at the time of purchase but also over the life of the assets. For example, if I

Essay On Startup Business
Starting a new business requires a considerable amount of preparation. Financially, there is a large investment to opening a store, especially in the food
industry. A pizza place requires a building, utilities, remodelling, seating, storage, inventory, employees, and signs. Once calculated together, the
financial obligation can be substantial.
In order to determine the financial requirements of a startup business, a person must consider what is necessary to do any work in the industry you
are apart of. First, I will need a building. The amount I spend will be dependent of location and size. A location in a downtown area will usually cost
more than somewhere on the outskirts of a suburban town. The downtown area is surrounded by enormous...show more content...
If I choose, I may also need to purchase a card reading machine, so I can take another form of payment. To be a dine–in pizza place, I would need
tables and chairs. The amount of these depend on the size of the building I chose, and the style will depend on the theme. Any additional decor will
also depend on my theme, which could be retro or modern.
After purchasing the building, remodeling, and filling the store, I must now buy inventory. I will need items for dough, tomato sauce, cheeses,
and many toppings such as meat, peppers, pineapples, etc. I will also need boxes and extra sauces including marinara, garlic, ranch, and other
packets. When I modeled the kitchen, storage areas were hidden under counters, and there were refrigerators for chilled and frozen goods. I would
use a physical inventory system until I could later afford the software for a perpetual system. This will save some money in the startup. Now that I
have all the ingredients of a store, I need to hire employees. I will need cooks, cashiers, servers, and drivers. I will cross train employees to move
from cashiers to servers. I will also need a sign to hang outside of the location, and a sign with our store hours. After hanging the signs, I will create a
Facebook page about the business, listing its hours, events, and location.
In order to start a pizza business, the financial requirements seem extensive. There are many deposits to be made, and the cost adds up very quickly.
Since a

Reasons For Start A New Business Essay
5. A)There are several reasons for starting a new business. The benefits include the owner's ability to make virtually all decisions in the business,
and can run it exactly as they please. The owner has the freedom to define the nature of the business, and create the preferred type of physical
facilities. The owner can select a competitive environment, and take advantage of the latest technology, equipment, materials, and tools. The
owner will also have control in selecting and developing personnel. Overall, the biggest reason to start a new business is this idea of freedom and
being one's own boss. Having this control and ability to sculpt the business into exactly how they want it to be is one of the major motives to start a
new business. Another advantage of opening a new business is job security (Templeman, 2014). By opening your own business (assuming it is
successful), you never have to worry about being laid off or losing your job unexpectedly. Another reason to start your own business is the amount of
skills you will learn while working, and the likelihood that you will become an expert in your field (Templeman, 2014). However, running your own
business is not as easy and simple as it sounds. Some reasons against starting a new business is the fact that it is expensive, difficult, and requires a lot
of unpaid hours of one's own time to get the business up and running. Some may have problems finding the right business – what type of product or
service should this

Essay on Starting a Business Plan
Starting a new business is an exciting venture and has its unique mix of challenges and rewards. Many are set–up for failure if no clear goals or
measures are established and adhered. According to the Small Business Administration, "Planning is critical to successfully starting and building a
business." The best advice for a new entrepreneur interested in starting a business is to create a solid business plan that outlines the business in its
entirety. A well–constructed, written business plan will help owners remain focused on their operations, marketing and financial measures through the
duration of the business life. In addition, knowing the risks involved in starting a business can help prevent and minimize mistakes that cause many
Strategic major milestones to be achieved can be mentioned that include customers, revenue, and expansion details. In a small business blog, Fisher
(2011) states, "Think of it like a birdsвЂђeye view of the company as it currently exists and where you envision it to be in the future." In addition, it
may be worthwhile to include descriptions of the founders of the business and their extending experience from the industry. The operations of the
business is critical in a business plan because it describes the main components of your business. Management duties and responsibilities can be
addressed in terms of the day–to–day operations. This includes what each day of the week will entail for the schedule of the business. Likewise, many
topics should cover the nuts and bolts of the business such as production and manufacturing, inventory, and distribution. Topics such as the location,
employees, and equipment should be considered to provide the most competitive advantage and success for the business. Lastly, every business
requires a structured form of legal registration for licensing, insurance liability and tax purposes.
Marketing
One of the toughest challenges of new businesses is attracting new customers. Having an effective marketing strategy in place is a vital implementation
in increasing the awareness of your product or service. The marketing strategy section should

Challenges in Starting a New Business
Starting a new business can be very exciting as well as challenging. It can be exciting because it might be a transition from being an employee to
owning a business and becoming one's own boss where there is freedom of doing things without anybody's influence. The idea of being a business
owner can be very exhilarating in itself. Bateman states that 'The control and ownership of a business is a very powerful feeling. Having ownership is
like an adrenalin flow. It gives you more energy– you start to see what you can achieve.'(Smith, 1997, p. 149)
There are numerous advantages of having one's own business. The potential to earn a higher income, independence, being one's own boss, ability to
fully implement one's creative talents, choosing...show more content...
A large number of small businesses fail each year due to insufficient funds or capital. Many entrepreneurs miscalculate the amount of money they
need to start and operate their business. They may later find that they need more capital in order to sustain till the business is fully established. Others
are likely to suffer as they may not be able to market themselves or their product or because they find that they are unable to supply all the required
products. Yet others may not even have the ability to pay for any extra help. This one fatal error in calculating the capital may cause the business to
suffer heavily and lead to its eventual downfall.
It is always wise to explore the possibility of having extra capital in an event that the business required more funds. However, the crucial point still
remains that the entrepreneur take great care in determining how much funds are needed in order for the business to survive till the time it can be
properly established. Generally, a new business would take around but is not limited to six months before it starts to generate enough income to fully
sustain itself. Thus the entrepreneur needs to keep this time frame in mind when determining the initial capital. It would also pay to have a separate
living expense for the first six months of starting the business.
The third challenge is to find a niche. Knowing which product to sell and the sort of market it will have is another big challenge for all entrepreneurs.
Before

How You Start Your Business?
How to start your business? Starting a small business isn't easy, but it isn't impossible. According to the small business administration 99% of all
businesses in the United States are small businesses and they employ 80% of the population, so many people have already succeeded in starting a
business. But this doesn't mean that starting a business is a walk in the park, according to Forbes 8 out of 10 businesses fail within the first 18
months. There is a lot of hard work required in starting a small business and many steps that should be taken to ensure that a small business would be
successful. The first step in starting a small business is in the idea, if the idea isn't good, the business probably won't be profitable. The market is...show
more content...
After this, one must describe how one intends to compete with other businesses, stress what the business can bring to the table so that people will buy
into it. Make an example of how effective or unique a business is so it will have a large appeal to many future customers.
The next issue is market analysis; this should showcase a large knowledge of the industry and will be used while trying to seek out investors. The
market analysis will require familiarity with the market and its needs. According to Michael Kerr the analysis should include the current state of the
market and predictions for future fluctuations in the business. Specifics are important in the analysis and anything that could impact the outlook of the
market should be included in the analysis. It should also include the scope of competition and how much money consumers tend to spend on the
service of product. A good business plan must emphasize how a business will be able to meet the particular needs of the market to the satisfaction of its
costumers. Ones business must be able to highlight its competitive advantages. A meticulous market analysis will allow ones business to define its
market strategy.
Market strategy will be much easier once the entrepreneur has completed their market analysis, as this has allowed them to become familiar with all
the challenges and opportunities that will be faced while building a business in their particular field. Ones strategy involves looking at the

How To Start A Business Essay
In this report, I will discuss what it takes to own your own business and what factors go into it. My overall dream some day is to own my own
business and with this comes a great deal of responsibility. I will help you understand what you can to do to become a successful business owner.
Finding a consistent well paying job has been getting harder and harder in recent years. A number of new and greatbusiness opportunities are available
to the public. These opportunities only cash in if you run a well rounded business plan. Anything from wholesaling vehicles to owning your own pizza
parlor are great starts in business. Although, owning and operating a business is a great burden on a person, it can turn out to be very profitable.
While...show more content...
With all of these challenges their come failure at the job as well, which can lead to disciplinary action, arguments, transfers, dismissals, or legal
actions. So are you ready to own your own business yet? Not quite! Some things you really need to remember.
Say goodbye to a reliable and predictable income. No job is 100% secure and there is a good argument that being in control of your income via your
own small business is more secure than a job however it doesn't feel like that, especially when you start out. You can have great months and bad months
and the only constant is unpredictability. Many business owners don't know that they will never make real money until they sell their business.
Unfortunately many business owners often don't make much more than an average salary, even sometimes less. Many business owners don't make a
big windfall until they sell their business and often by the time they are making the sale they will be using the money for retirement. Although it is also
true that the only way to become really wealthy, besides inheritance and lotto, is by starting your own business.
The reality is that only a small percentage of businesses make their owner really wealthy, the rest stumble along earning an average wage. Of course
many of those owners earning an average wage love their lifestyle and only wok as hard as they want to. Running your own business has the greatest
potential to make you rich and my never make you rich,

An Introduction to Business Essay
An Introduction to Business
Business plays a major role within our society. It is a creative and competitive activity that continuously contributes to the shaping of our society. By
satisfying the needs and wants people cannot satisfy themselves, businesses improve the quality of life for people and create a higher standard of living.
It is a way for individuals to provide goods and services to consumers, and at the same time, produce a profit for themselves. Businesses are not only
important because they provide goods and services for consumers, but they also improve the economy and increase jobs for people within society
which is an additional fact producing a higher standard of living. To measure our societies standard of...show more content...
International trade deficits occur when a nation imports more then it exports. The Decline of Smokestack America is when there is a change from an
industrial to a post–industrial economy. Finally, the conservation of energy is so that there are a sufficient amount of natural resources necessary to
produce goods. General economic growth or stagnation also has an important influence on business within our society. Many factors can affect it's
condition, such as war, new inventions and technology, political assassinations, the discovery of physical and natural resources, labor negotiations,
government action, and many others. When the economy is strong and the demand is high, businesses can prosper. Regardless of how great the
economy may become, businesses still must compete with other firms for scarce raw materials and labor.
A businesses environment creates many opportunities as well as problems for prospering businesses. The environment determines what a business can
do by shaping and channeling its development. Businesses function within an environment by allowing entrepreneurs to raise capital and create profits
freely. The supply of money available within a business as well as the economic stability through times of growth and recession have strong effects on
businesses. Not only is the physical environment, including natural resources, pollution and energy as discussed previously, important, but many other

Starting and Running a Business Essay
Starting and Running a Business Despite being an intimidating prospect for most people, there are millions of entrepreneurs in the US. Some of
them turn out to be very successful, others, not so much. There are many steps to starting and running a business, but many of them can be easily
accomplished simply by filling out some forms, and several small fees. Businesses have been around since the beginning of bartering, an apple for
some wheat, a horse for a wife, a daughter for a house. (In no way reflecting what I would trade) The startups of businesses across time have never
come easy, from cost, to hassle, to threat of beheading; there have always been obstacles in starting a business. One of the hardest parts of being an
This is ideal for most people who want to start a business and keep their home if something goes wrong. The largest area a permit is good for is
one county. If one wishes to operate outside the county the license was issued in, they would have to get a license from that specific county. The
most important thing is starting a business is having a business plan. This is the only way any bank will approve you for a business loan. [1] Without
this business plan, the bank has no way to analyze the business's performance thus far. The SBA offers a template for how to lay out a business plan.
The following is how a good business template should be formatted (from SBA.gov).
Writing the Plan
What goes in a business plan? The body can be divided into four distinct sections:
1) Description of the business
2) Marketing
3) Finances
4) Management
Agenda should include an executive summary, supporting documents, and financial projections. Although there is no single formula for developing a
business plan, some elements are common to all business plans. They are summarized in the following outline:
Elements of a Business Plan
1. Cover sheet
2. Confidentiality Agreement
3. Statement of purpose

4. Table of contents
I. The Business A. Description of business B. Marketing C. Competition D. Operating procedures E. Personnel F. Business

Starting A Business Essay
Starting a Clothing Line Business
Apparel manufacturing is one of the most in–demand businesses today. Find out how to start and run a clothing business.
The First Step
Apparel manufacturing remains one of the most in–demand businesses today. According to the American Apparel and Footwear Association (http:/
/www.americanapparel.org), apparel sales for 2000 reached $315 billion, representing a 90% growth from its 1990 levels.
Starting a clothing business is just like any other business: you need to have the resources to jumpstart your vision, skills and know–how in managing
the business, and marketing savvy to promote the business. You must also have a business plan that will serve as your detailed guide that will walk you
Find out how to start and run a clothing business.
The first step you must take is to determine what kind of clothes you want to manufacture. Ascertain if there is a market for your proposed product.
You must be able to define your specialty, both in line and price category.
The market for clothes is as varied as the demographic segmentation of the population. Will your focus be based on gender (girls or boys; and
women and/or men) or age (baby clothes or granny clothes)? Are you planning to create clothes for infants or apparel for large women? Do you
intend to create apparel for pre–teens, career professionals, or school clothes? The market is so wide and varied.
You can design clothes for a specific niche market. You can venture to create apparel for sports enthusiasts and athletes. Even then, you still have to
decide whether you will design golfing apparel, tennis outfits or swimwear. With the increasing popularity of yoga, yoga clothes are very hip nowadays.
The scope of your product line also needs to be considered. Are you planning on designing a full product line, separates or coordinates?
The type of distribution will also dictate the kinds of clothes you will offer. Note that where you sell your products will depend largely on who your

customers are. Will you sell your clothes exclusively or will you use other distribution methods?

Small Business Essays
Numerous large businesses that are operating today were once started as small businesses. A new business is established to create a good or service
that no other businesses have ever created or simply a product of higher quality than existing products, with the purpose of meeting customers' needs
and earning profits. Due to the technological advances at the present time, starting and operating a new business is less laborious. Nevertheless,
would–be entrepreneurs should be familiar with the proper approaches to start their businesses.
The first step to starting a business is to create a business plan. A business plan is a document that outlines the overall strategies of a new venture and
how those strategies will be implemented (Ebert &...show more content...
However, the business owner can also attempt to operate his/her business by bootstrapping, which refers to the operation of an entity by using limited
sources of capital (Gregory, n.d.). In addition, the financial factors should also include financial planning. Financial planning normally refers to the cash
flow and income statement, balance sheet and breakeven analyses. Therefore, there are three major sections to an ideal business plan that are the
organizational goals, the sales forecasts, and the financial factors.
After the creation of a business plan, the next step to operating a business is the selection of an appropriate business structure. Different legal forms of
business ownerships affect different managerial and financial factors from the business names to the tax obligations (Gregory, n.d.). The most common
forms are sole proprietorship, partnership, cooperatives, and corporations. There are different types of corporations in the business world, but the two
most general corporation types are S Corporation and Limited Liability Company (LLC) (Ferrell et al., 2013). The sole proprietorship is the easiest
and most basic form of business ownership. It is owned and run by one individual, which is the proprietor. The individual is entitled to all profits and
is responsible for all the business's

Essay about My Business Idea
My Business Idea
In my coursework I intend to start my own business. I will devise my own business plan which outlines my business proposal and the key aspects,
during this I will need to seek good business advice on the necessary steps I will have to make. As I go through the coursework I will show evidence,
examples and explain how businesses are set up, what types of businesses there are and their similarities, the kind of targets businesses set for
themselves and also the different objectives of different stakeholders. For my business I plan to sell toys and other game products that educate young
children under the age of 11.
Starting up a business is difficult and risky. Anyone setting up needs to consider:
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Most people though have to research their product. Businesses also have to decide how the product is to be made.
Finance
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No businesses can be set up without finance. Most people who start their own business underestimate the amount of money they will need to set up.
They are often UNCAPITALISED and this causes problems as the business expands. Some businesses have the potential to be highly profitable but
fail because they run out of cash at a crucial early stage in the life of the business. So it is very important to work out how much money is needed to
start the business and to identify where the money will come from.
Identifying the sources of help
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Most new businesses don not survive for more than three years of trading. However, their chance of success is much greater if those setting up the
business have received help from experts before the launch. Many new businesses turn to Business Link or to their local

TEC. They can identify any grants, loans or benefits that are available from government or from bodies like the Prince's Trust. They can also organise
training in setting up small businesses that is so often vital to the survival of the business.
The business plan
=================
Drawing up a business plan is very important. The business plan sets out how the business is to be set up and

Starting A Business Essays

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