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How To Start A Business - College Essay

How To Start A Business


Most people dream of one day owning a large corporation of their own and making a bundle of money from it, but there are certain steps that must be taken in the successful completion of owning a business. When one decides that he or she would like to start their own business, one must ask themselves three basic economic questions; one, what to produce, two, how to produce, and three, for whom to produce? One must have each question fully answered in order to begin their venture into the world of entrepreneurship. Also, it is vitally important for one to fully understand every aspect of the product he or she plans to market. Knowledge is the key to success.
After one has successfully ...

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to, one must consider a vendor(s). It is important to find a vendor who is fair and will produce quality products that will be used to produce the product planning to be marketed.
Another large factor that one must consider is expenses. There are many expenses to take into account: employee salaries, materials and supplies, tools, advertising costs, phone bills, bills paid for an office building (rent, electrical, etc.), taxes, freight charges, a licensee, etc. As opposed to expenses, one must also consider finance. How will he or she develop funds to support starting a new business? Funds can become available through personal finance or loans from banks.
Other factors to be considered are those decisions to be made within the office. First, one must assign duties that he or she will need to complete every aspect of the business’s operation. There will have to be a boss, salesman (phone or door-to-door), assemblymen, and so on all the way down to maintenance. This organization ...

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How To Start A Business. (2006, June 16). Retrieved December 23, 2024, from http://www.essayworld.com/essays/How-To-Start-A-Business/47640
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PAPER DETAILS
Added: 6/16/2006 09:07:52 AM
Category: Miscellaneous
Type: Premium Paper
Words: 797
Pages: 3

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