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Benefits of small businesses essay
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A Business Owner The future can be scary, it’s full of unknown answers. Where will I be? Where will I live? Will I have kids? When it comes to the future I know one thing, I’m going to have started a career. The career you go into effect how you live the rest of your life so you want to choose the right one. Your career should be something that you enjoy doing and look forward to doing for a long time. Many have said that “If you love what you do, you never work a day in your life.” Starting your own business put you in the position to have your dream job. So why take the risk of starting your own business? It’s simple the profit, opportunity, and the challenge. It is very risky to start your own business, but with big risk can come big …show more content…
The opportunity to help others is the first that comes to mind. The advantage that small businesses have over a big named company include: better personal service, and the ability to respond quickly to opportunities. Starting and managing your own business allows you to be independent. You are your own boss, and you are the one who gets to make all of the decisions. When you own a business It is not easy to open up a business, but it makes for a great challenge. According to brandongaillie.com “Over 50% of business fail in the first year, and 95% fail within five years.” It is also very time consuming according to Rick Schue, owner of Flex Gym in Racine “When I first opened up Flex I worked anywhere from 60-80 hours per week. I worked when I needed to work, the hard work was worth the freedom that comes with owning your own business”. There are many advantages that come to starting your own business that include profit, opportunity, and the challenge. Starting a business requires hard work and time, but the reward is available. It gives you the ability to have your dream job, if you plan on opening up a business I recommend that you do plenty of research on the business you plan on opening. Another good idea would be to work in the field for a few years before you start a business to make sure that really what you want to
There are over 28 million small locally owned businesses in the United States and 70 % of these businesses are owned and operated by a single person. Owning a small business is not an easy task it takes hard work and dedication, Steve Jobs once said “you need a lot of passion for what you’re doing because it’s so hard”, people don’t realize
The only thing that interests me in the business field I maybe opening a store of some type. Maybe a restaurant or sports store. I probably won't look into anything like this until I have retired from the career that I choose. Things like this can always just be done with. Like run out of money, no business, or fire. Little things like that could ruin the ruin of your life and I don't want anything like that until I am secure with money and don't have to worry.
Starting and building a prosperous business is an ambition of many entrepreneurial minds and has for
Unfortunately, many small businesses fail or do not reach their full potential because the small business owner spends too much time working in the business, and too little time working on the business.
There are many advantages and disadvantages when owning your own business. When you own you own business, it’s known as a sole proprietorship. But with any type of business, there will always be advantages and disadvantages.
The venture to be the owner of an accounting and tax service provider is not a small task, and you have realized the challenges that many experience in starting their own business. Fortunately, you have taken steps early within the life of your new business in an attempt to correct any problems and learn from past mistakes in order to be successful in the future. In our previous communications you mention that you started your own business because you wanted to work in your own community, have the flexibility of owning your own business, while also being able to make a good living, and these are all worthy motivators for a fledgling business owner. You have earned your degree and your certified public accountant (CPA) designation, which has allowed you to realize success as an employee of a popular accounting firm. While employed at the firm, you were able to progressively take on greater responsibilities during your tenure and gain much needed experience; however, starting and managing a business requires some additional skillsets. Regina, you have proven that you are a bright individual with the necessary resourcefulness and skills to be a certified professional accountant and open your own business, and I am confident that you will be able to gain the skills needed to be successful with your business, and to become an effective leader.
The career I choose to pursue is the career of Business Administration. This career consists of running a small or big business and being able to run it and be capable of making small or very important decisions. A business runs and depends on the people and how people spend their money. If people spend their money responsibly and they know how to administrate their money and will make the economy to be stable and be good. As we all know, the economy has been really bad for the past year and it has made millions of people loose their homes and their jobs. The economy is a big factor in this career and it could be a huge problem that can be faced for a long period of time and more than once.
find it difficult to set up a business and make it a success. This is
When it comes to business, especially when it comes to starting one, I tend to think I know it all. Yet in reality, I don't really even know how to get started, enough to make a business efficient, or even get the doors open enough to make the first dollar. When I first think of working/operating a business, I think of no boss but myself, the rules are made by me and no one else, and that seems like a great plan in my eyes. As well as having all company profit coming directly to me, and I get to decide what happens with it. Although I know there is more to it than that, there is forming a budget, working with customers, knowing when to expand, and when to coast through. I also know that in the world of business, that if you aren't moving ahead, you are moving backwards.
In the United States, approximately one in eight adults are self-employed. In their minds exists a one common dream. This is the entrepreneurial dream of self-employment. It is the freedom to start, grow, and cash in a new business. Most of the extravagant millionaires of today build up their wealth in this way. An entrepreneur is someone who has the ability to build and develop his own business. In today's fast paced world of business, many people chose to work for themselves. A career as an entrepreneur is a risky, yet personally rewarding endeavor.
My goals for achieving this career is first to finish college I think I’ll be at WTCC for at least two years and maybe a summer but ill finish out my business degree at North Carolina State University and during college I will finish my business plan just like my older brother I’m doing the same thing he is basically so I can get a business loan for said business. Also my family and close friends are always there to help me with any money situations or even to help out at the business if I need like a manager or just trusted employee I can count
Starting a small business is often one of the hardest things a person can do. Some people start a business out of pure fascination, or even as a hobby. Whether starting a business for personal reasons or simply the grandeur to make loads of money, everybody needs to have a plan. Starting a small business is no easy task and can take days if not months to prepare. The most important aspect to have is the tempura and heart to start a small business, as without passion, no business can succeed. One has to be his or her own boss, make dream, reality and be willing to market and sell a product. It takes a lot of discipline, long hours and hard work, something many do not have. However with the right willingness, passion and dedication a business can be the start of something big.
For some people, being the boss, and which by boss I mean business owner, would be the greatest thing ever. Most think you get to pick your own hours, make the most money, and make everyone do the things you want done. Of course there is work involved and it takes work to make it but the rewards will be better owning a business that succeeds. The ultimate goal is becoming a millionaire and retiring at the age of forty and just drawing money from business production. However they really don’t understand the work it takes to make it a million dollar company. When these people are finally able to own a business they get a rude awakening. I am in no way trying to offend the typical business owner when I say, owning a business can be a challenging task that can cause many complications in your life and if you’re not careful they can change your life entirely.
1. WHY? Develop your "why". As an entrepreneur, not all times you have in business will be perfect. In fact, there will be many, many difficulties along the way. However, if you can develop your why, you can achieve success. Your why must be this personal, passionate, emotional drive that keeps you going, when the world tells you to give up. It is the reason you commit and work so hard. Pushing on when it seems all the odds and world is against you. Your "why" becomes your driving will to wake up and do it again tomorrow.
Starting your own business can be exciting and it can become a well- rewarded experience. Being your own business includes great benefits, create your