A business is an organization that usually provides goods and services to others that want or need them. The word business often follows behind the idea of a large wealthy corporation. Businesses are normally formed to earn profit, increase the wealth of its owner, and grow the business itself. Most owners and operators of a business most likely have one main idea. That’s to generate a monetary return in exchange for work and acceptance of risk. Known as the social science of managing people to organize and maintain collective productivity to obtain revenue. Why own a business? It is the business owner who benefit in a business establishment. As we all know the best gain of having your own business is the fact that you get be your own boss. Another wonderful advantage in the entrepreneurship field is the amount of choices you can choose from in the market of business opportunities. Job security is a great factor. No one can fire you.
You just need to make sure that your business runs smoothly and you would not end up in any kind of trouble. With a long range of support sources such as the Small Business Administration, the local Chamber of Commerce and other local and national organization, a lot has changed in recent years. With that, owing and running a business is just as easy as said. In today’s world women open business at almost three times the rate that men do, and there is a solid network.(Chartier 1) Do to the solid network; it is also easier for women to gain funding for a new business. Banks are always gazing for women entrepreneurs, do to the rapid rate women are opening businesses. Women often felt the urge of going into business for themselves for more flexibility. The unbending 9-5 can take its toll, especially if you have children. But being the boss lets you decide if you feel like working at the office or at home. Being the boss also allows you to take time for yourself or your family at your leisure.
The Term Paper on Business Industry Analysis
Industry and Competition Several large companies have focused on the multi-occupant vehicle market, specifically school bus production, in North America. Competitors within the school bus manufacturing industry consist of the Henlys Group PLC, a British based company, and two U.S. bus companies, Collins Industries Inc. and Navistar International. Henlys consists of Blue Bird Corporation, Prevost ...
Sounds like a lifestyle one can get use to. Deciding how much money you want to make is one of the top reason for wanting to establish a business. There are new stories every week on a show called “How’d You Get So Rich?” hosted by Joan River traveling around the Uniti States interviewing self-made millionaires and billionaires. These are what Joan calls “Rag-To-Riches” stories. These self-made millionaires and billionaire started with little-to-nothing, and made their way up in society. Seening those stories are enough to make anyone what to the same thing. Some of the things that are not often spoking about but are just as important, are the so called hidden benefits of business ownership.
These gains are not in relation to the outcome but the experience and valuable skills that are developed in the process of running a business. Most businesses that want to become succuessful requires dealing with people. And if your people skills are not up to part it could mean the downfall of many things. With that being said, having your own business will force you to develop people skills. It means breaking out of your comfort zone and do what ever it takes to get your business at the top. On top of the many advantages of having your own business, there are many disadvantage as well. At the start of a new business may mean having to work long hours, way into the night and morning.
Even though the service or product is great there is still a chance you may have to support your business financially until clientel builds up. So it’s a must that you sit aside some funds to fall back on just in case. There is also your family that must be concidered. Even though you will be working for yourself, setting your own hours and so on, this does not mean that your family totally understands the implications of running a business. What’s the big idea of being a business owner? Being a business owner involves some amount of risk and scarficy. But in the long run it can be extremely rewarking if it is successful.
The Business plan on Starting A Business People Plan Money
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 ...
Work Cited Page
Chartier, Lynette. “The Benefits of Owning Your Own Business.” Afroarticles.com. N.p., 3 Oct. 2007. Web. 1 Aug. 2010
