Advantages of Starting Up a Business - 1109 Words

Advantages of Starting up a Business * Being your own Boss - you can make your own decisions, keep your own time and not have to answer to The Boss * Hard Work amp; Know How - If you are a hard worker and / or have immense industry know how, you may want to benefit from the long hours you do or the knowledge that you have acquired over time. * Financial Independence - One day, you may realise your dream of financial independence * Creative Freedom - no more restrictions, you can do what you like and have the freedom to work, design, create, build what you think is best - your way! * Goodwill - you don t have to pay for it (as if your would if you were buying a business) - you get to build it * Location,†¦show more content†¦* A business plan and marketing method should already be in place. * Existing employees should have experience you can draw on. * Many of the problems will have been discovered and solved already. Disadvantages * You often need to invest a large amount up front, and will also have to budget for professional fees for solicitors, surveyors, accountants etc. * You will probably also need several months worth of working capital to assist with cashflow. * If the business has been neglected you may need to invest quite a bit more on top of the purchase price to give it the best chance of success. * You may need to honour or renegotiate any outstanding contracts the previous owner leaves in place. * You also need to consider why the current owner is selling up and how this might impact the business and your taking it over. * It s possible current staff may not be happy with a new boss, or the business might have been run badly and staff morale may be low. Advantages and disadvantages of franchising Advantages * Your business is based on a proven idea. You can check how successful other franchises are before committing yourself. * You can use a recognised brand name and trade marks. You benefit from any advertising or promotion by the owner of the franchise - the franchisor . * The franchisor gives you support - usually including training, help setting up the business, a manual telling you how to run theShow MoreRelatedBenefits And Disadvantages Of The C Corporation1675 Words   |  7 PagesWhen starting a business, you have many decisions to make; who to hire, where to locate, how to get customers and where to start. But, one of the most important and overlooked decisions is how to protect yourself. Going into business involves risk, but certain risks can be avoided or, at least, minimized. One of the easiest way to protect yourself is to choose the right business entity. There are four basic choices for forming a business. These options are sole proprietorship, partnership, corporat ionRead MoreEssay about Fair Trade Coffee Case Study1318 Words   |  6 Pages Mexican coffee farmers have had an enormous amount of trouble selling their coffee beans at a price that would generate sustainable profit. Nico Roozen and Frans van der Hoff had a vision to implement a fair trade business that would increase not only profits of the farmers but their overall lifestyles. Nico and Frans both face the problem of distribution because fairly traded coffee was distributed only through the so-called Third World Shops that didn’t generate enough demand to create a stableRead MoreChallenges in Starting a New Business1584 Words   |  7 PagesStarting 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 startRead MoreEssay On Start Up Business738 Words   |  3 Pageswhen you are starting up a business. The best thing to do is learning what is your profits and losses and then write up a business module that will give you the guidelines on how you’re going to reach those goals. You have to look at your start-up cost and see if you’re going to have to get a loan or you already have the money to start it up just finding out what direction you should go. Depending on what you and your business needs are depends on how you are going to form your business. One routeRead MoreEssay on Owning Your Own Business929 Words   |  4 PagesOwning Your Own 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. Five advantages for owning your own business are: 1) The owner receives all profits, meaning that all earnings go to the sole proprietor, or the owner, and isn’t shared with anyone else. The profit is not split among partners, orRead MoreDifferent Types of Businesses924 Words   |  4 PagesBusiness Scenario As discussed there are three different types of businesses, sole proprietor, partnership and corporations. With these businesses come many advantages and disadvantages that one will have to determine will best suit their own lifestyle. Starting a business is something very serious to plan and make sure you have the necessary financial backing to keep it running, and have the legal knowledge to keep yourself and organization covered. Lastly, if you have the knowledge and productRead MoreForms Of Businesses By Edgar Llamas1474 Words   |  6 PagesEdgar Llamas Business 101-30D September, 21 2014 â€Æ' Opening a business might seem like a difficult task to achieve. With many different forms, how is one to decide which is the best? People cannot start any type of businesses without know the five basic forms of businesses in the world. Whether it is to be your own boss, or to partner up with another person. It is an essential to know all the facts about each type before opening up a business. It is critical knowing what each form of business is, theRead MoreChallenges And Opportunities For A Small Business Development1371 Words   |  6 PagesCount: XXXX Challenges and Opportunities for a small business development in developing country Table Of Contents †¢ Introduction- Page 3, o Third World Countries o Natural resources of Georgia o Import/Export †¢ Challenges- Page 4 o Financial o Political o Assembling a team †¢ Opportunities- Pages XX, Word Count- o Advantages (has to be 250) o Disadvantages (has to be 250) †¢ Conclusion o (has to be 250) Introduction Starting a business is a multi-step process that can be overwhelming whenRead Morebusiness unit 16 p1 p2 p3 p4 m11355 Words   |  6 Pagesskills †¢ I am trustworthy †¢ I have a smart appearance Weaknesses: †¢ Nervous when speaking in front of groups †¢ I am sometimes shy when I meet people for the first time †¢ My punctuality is sometimes a problem M1 When starting your own business there are many advantages, these vary from being your own boss, which means you are able to make your own decisions which is very convenient because everything you say goes. You are also able to work at a place that suits you, whether it being aRead MoreThe Difference Between Public and Private Sectors1221 Words   |  5 Pagesdon’t know what business law is and so hopefully this essay will help clear that up and increase the knowledge about one exact topic in business law which is partnerships ,business law in general encompasses the law governing contracts, sales, commercial paper, agency and employment law, business organizations, property, and bailments. Other popular areas include insurance, wills and estate planning, and consumer and creditor protection. Business law may include issues such as starting, selling ,or

Steve Jobs Personality Free Essays

Type Today marks part four of our 16 part series exploring the sixteen Myers-Briggs Type Indicator@ test personality types and related notable Celebrity figures throughout time. Previously we examined Celebrity John D Rockefeller and the AMBIT@ test EST] personality type. This week we examine the SITS (Introversion-sensing-Thinking- Perceiving) and the late great mastermind behind the â€Å"Apple†, Steve Jobs. We will write a custom essay sample on Steve Jobs Personality or any similar topic only for you Order Now Most people remember Steve Jobs as the co-founder and CEO of Apple Inc and Paxar Inc. Steve Jobs was also an individual that mastered his AMBIT type, the SITS, allowing him o excel in a unique position in his industry that lead to technical advancements that we often take for granted in this day of age. Like many Myers-Briggs Type Indicator Introverts who prefer thinking and sensing, Steve Jobs used his preferences primarily internally to analyze the data he gathered in an organized fashion much like the computers he helped develop. He was able to detach and objectively criticize the projects he worked on. This sometimes insensitive approach to problems was a double edged sword that lead to Jobs being fired from Apple in 1985 after losing a rower struggle with Apple’s board of directors. Fortunately, Steve Jobs didn’t give up, and utilized his Perceiving preference to remain flexible and spontaneous in his approach to work. He acquired the computer graphics division from Localisms and turned it into the critically and financially acclaimed Paxar Studios. He also started up NeXT Inc. That was acquired by Apple Inc. In 1996, and over the next four years Steve Jobs ascended to CEO of Apple bringing him full circle with the company. img class="aligncenter wp-image-34532 " src="https://donemyessay.com/wp-content/uploads/2017/07/101576653-Steve-jobs-illustration.1910x1000-1024x536.jpg" alt="Steve Jobs " width="764" height="400" / Steve Jobs also showcased how SITS types focus on efficiently working on projects and was a rim believer in doing only what was needed with the least amount of fuss. Efficiency and innovation were key focus points throughout his career. You can see this today in the products that Apple releases. From the mimic, to the pod, to the phone, all three are innovations which are streamlined, clean, and efficient products that attract a full spectrum of customers. Apple produces a set amount of products that are mass produced for cost efficiency and quality control. This has allowed Apple to control the image of all the products they produce unlike open sourced platforms like he PC. This did not come without risk as many manufacturers looked down on Apple for their lack of flexibility in the ass’s but it is that exact mentality of adaptable, action- orientated risk taking that is synonymous with SITS personality types. Not many people got to know the man behind the keynote speeches closely while he was alive. This is something that is common with Introverts. Most accounts were from people that worked for Steve Jobs. At one point Fortune named Steve Jobs â€Å"one of Silicon Valleys leading egomaniacs. He was also known as a demanding perfectionist, but that was a side effect of the extreme SITS preference that is often seen as confident, independent, and self-determined. Steve Jobs set the bar high and worked until the very end to meet those standards. In the end Jobs did things his own way. Through his successes and failures he changed the technical landscape forever and showed what a motivated SITS can achieve. – See more at: http://carcinogenicity’s. Com/ assessments/ambit/965-celebrity-personality-type-Steve-Jobs/#stash. Qwerty. Duff Ambit By Shabby How to cite Steve Jobs Personality, Papers

The Negro Artist And The Racial Mountain Essay Example For Students

The Negro Artist And The Racial Mountain Essay The Lawrence family hails a cab in the heart of downtown Hangleton. With little success, they move to a deserted street hoping for less human traffic. The only visible movement is a lone rat scurrying into a gutter. Two lights appear on the horizon and Mr. Lawrence signals for a ride. The family of four lazily enters the cab after a late night at the theatre and they take off. Because of the long night and lengthy ride they doze off and leave their destination in the strange drivers hands. The family wakes up because of an abrupt stop and panic when they notice they are on a street, foreign to them. Why did we stop? complains Mrs. Lawrence as she stretches from an awkward position. The kids yawn and become aware of their situation. They are young but smart enough to know this isnt their house and they should be there by now. Mr. Lawrence grabs the door handle and is cut by a razor super glued to the inside of the handle. He grunts and checks the other with a pen. His wife notices his distraught face and realizes he is hiding his bleeding hand from the children. She stifles a scream and wraps her scarf around the wound; he winces and starts immediately pounding on the wires that separate them from the mysterious driver. The driver turns and exits the car as he gases them with a grenade through the wire cage and exits the vehicle with a blank stare. Mr. Lawrences last energy is wasted on trying to break the window, without succession he slumps against the door. His last memory is the drivers cold smile and deep, penetrating, dark stare. FBI Detective Jed Vandelay exits his car and regards the crime scene at the foundry. The two Lawrence boys are found locked in a chain link cage and the father was found with ropes bound around his wrists, his body viciously slashed by an unknown blade. The marks were not linked to any other type of known manufactured knife, which leads the police to believe the murderer has handcrafted his own weapons. The mother was not found, only her clothes remained. Inside the coat pocket was a note made of cardboard and magazine clippings. It read: How much wood could a woodchuck chuck if a woodchuck could chuck wood. So far, authorities have not found the meaning of this strange note but detective Vandelay feels a peculiar link between this murder and the Artist Case. The Artist Case was a series of six brutal murders thirteen years ago that involved a man that would torture people with primitive devices in order to get their account numbers then he would take their credit cards from their wallet and replace them with an old rhyme or saying. The rhymes and sayings were like childish riddles. They would give a hint to where he would strike next. When he was done he killed anyone that saw or was involved except for children. Then he would take one victim involved and pour hot metal over their body to make a statue. He would then paint the statue and sell it as art. Thats why the FBI sent him, because he was on the investigation team that chased the murderer. One of his team members shot the suspect seven times in the chest but he still got away. The case has remained open since. That night at FBI headquarters, the whole team thought about the unexplainable note left by the killer, but Jed Vandelay already knew where he would strike. Jed walked to his car and sets off to his house. Later that night, a lone man is breaking into the Blomminday City Museum of History. The Museum has been renovating and adding an expansion to it, leaving a large hole where the new section will be attached. The hole is a few hundred feet in the air but ten feet from the next building. The man shoots a rope to the top of the hole and slides down it with a pulley and harness. As he lands he immediately unhooks himself and silently runs toward the Medieval Torture exhibit. The rest of the FBI still stumped at the office, decide to give up for the night. One by one they filter through the door and wave to each other as they enter their cars and head for the comfort of their own home. What they did not realize it that the Museum is being broken into by the same man that killed two people at the foundry last night. As the man breaches the inside of the museum, he started lurking in the shadows so as not to be seen by the automated security system. Although he is not transparent, he moves quickly enough through the cameras vision to appear as though he were an illusion of the guards own mind. Sorry my brother, may you rest in peace and forgive me, for I shall stop these sinister crimes. Until I find out who really shot me, for they are partly responsible for your wrongful death. I promise they will be sorry. Your brother: Sean Vandelay