Starting and Running a Business

1755 Words4 Pages
bulb-icon

Recommended: Owning and starting a business

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 entrepreneur is starting up. This includes getting funding, filing for all necessary permits, and finding a building to host the business. Many business owners rent or lease, but some choose to actually buy a location.

The permits needed to start a business vary from state to state, city to city, and year to year. The type of business also affects what permits you need. For example, to start an online business, you would not have to get a building, and also file for fewer permits than a restaurant would have to. Restaurants have to get all the permits any other business does, and they have to get permits from the health department and be inspected regularly.

Sometimes the cost of startup is too great for some entrepreneurs and the business goes bankrupt. This is one reason you should file for a complete business license. If you aren’t properly licensed as a company, if you go bankrupt the banks can come after you and what you own. If you are approved as a LLC (Limited Liability Company) or LLP (Limit...

... middle of paper ...

...fic. Without traffic, the business will have no revenue. Also one has to make sure the location is zoned for business use. If the building is not zoned for business one could be heavily fined.

Works Cited

USSBA. "U.S. Small Business Administration." U.S. Small Business Administration-Your Small Business Resource. Web. 26 May 2010. .

Reader's Digest. "Financial Advice for Banking Customers." Reader's Digest Nov. 2008. Reader's Digest. Web. 25 May 2010. .

"Frequently Asked Questions (FAQ) — Kickstarter." Kickstarter. Web. 26 May 2010. .

"What's Your Business worth - Really?" Business, Financial, Personal Finance News - CNNMoney.com. Web. 26 May 2010. .

Web App

Show More
Related

  • Madcap Case Analysis

    1502 Words  | 4 Pages

    Daumeyer, Rob. "Beware of Too Much Business" Cincinnati Business Courier (June 1996): 9pars. 28 June 1996

    Read More

  • Types of Businesses in America

    1338 Words  | 3 Pages

    Pride, William M., Hughes Robert J., Kapoor Jack R. Business. Publisher: Boston: Houghton Mifflin Co. 8th edition.

    Read More

  • An Analysis Of John Stossel's Segs In The City

    527 Words  | 2 Pages

    On John Stossel’s Fox News Hour, War on the Little Guy he addresses the rules and regulations that small businesses must follow to continue operation. Many regulations mentioned are small and can be easily fixed, others such as having to have a license to give segaway tours, cost a lot and are difficult to resolve. Washington D.C based “Segs in the City” is a segaway company who provides tours of downtown D.C for a cost. Many of their tour guides are fabulous, but do not have a license, which is required by the government because of privacy issues. The obtaining of the license cost upwards of 200 dollars and can be a rigorous process, like Ashley Krapacs experienced. Even though it is a difficult thing to go through, it is beneficial to obtain a license because giving a tour of the nation’s capital is not something everyone meets the requirements for, and having honest and trustworthy employees is a must.

    Read More

  • A Report on NatWest Bank and an Analysis of the Banking Industry

    1921 Words  | 4 Pages

    A Report on NatWest Bank and an Analysis of the Banking Industry 1. Introduction This report focuses on NatWest and the industry in which it operates. The purpose of the report is to give a concise but accurate view of how NatWest operates as an organisation and the links between its environment, in this case the banking industry. Company History =

    Read More

  • Illegal Immigration Reform in America

    1374 Words  | 3 Pages

    Cullen, Lisa. "What It Means For Your Wallet". Time. April 10, 2006. Off of NewsBank

    Read More

  • Big Box Stores Case Study

    1523 Words  | 4 Pages

    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

    Read More

  • Little Giants Swot Analysis

    560 Words  | 2 Pages

    This will help them prepare for challenges and avoid conflicts later in the process. Start-up costs can be a lot of money, when they look at including a building with a kitchen, insurance, supplies and a marketing budget. They must also obtain licensing to run the operation and be in compliance with all local, state and federal laws. Don't forget to include the daily costs of running the business, including utilities and food. Finally, the maintenance of the center can be expensive with painting, repairs, replacement furniture and other supplies. Which a lot of it is done by a few handy man that know the owner and works on both

    Read More

  • Cultual Challanges Of Doing Business

    1906 Words  | 4 Pages

    A major challenge of doing business internationally is to adapt effectively to different cultures. Steve Kafka, an American of Czech origin and a franchiser for Chicago Style Pizza has decided to expand his business to Czech Republic. This is a risky decision and Steve anticipates he will face obstacles as he goes about setting up the new pizza outlet at this new location, Prague.

    Read More

  • How to Start a Small Business

    2008 Words  | 5 Pages

    A few years ago, a friend approached me about partnering with her in the purchase of a day spa. I had always wanted the freedom and satisfaction that comes with being my own boss. After deciding to move forward with my partner and buy a day spa, I learned to put together a business plan, personnel criteria, and marketing plan.

    Read More

  • Owning Your Own Business

    925 Words  | 2 Pages

    All that is needed is to register the company with the state and apply for an occupational license and any additional licenses required by the state. With the easy organization of a sole proprietorship, almost anyone can start his or her own business.

    Read More

  • Entrepreneurship: Advice on Starting a Business

    3528 Words  | 8 Pages

    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.

    Read More

  • A Career as an Entrepreneur

    1668 Words  | 4 Pages

    I am interested in knowing more about starting and operating my own business. With what I have seen in the developing world around me, business has become more and more popular, I realized it is a great potential career path for me. So I would like to know, where to start, what schooling is needed, where do I make my business legal, how important is the work environment and gathering employees. Or is some of that afterthought stuff, that only matters if i...

    Read More

  • Starting a Small Business

    2009 Words  | 5 Pages

    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.

    Read More

  • Owning and Starting a Business

    1317 Words  | 3 Pages

    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.

    Read More

  • Essay About Entrepreneurs

    714 Words  | 2 Pages

    Starting your own business can be exciting and it can become a well- rewarded experience. Being your own business includes great benefits, create your

    Read More

More about Starting and Running a Business

Open Document