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Small Business Management

Though the statistics showed that half of all the new businesses in America fail within one year, and that 80 percent do not survive beyond five years I still wanted to open my own business. I believe that owning my own business meant the American dream, it meant I was able to be my own boss. I would not have to accept conditions of someone else are choosing, and I could create my own work schedule. I learned how to run a business, dealing with management, leading, legal (i.e. taxes, wages) and loans from banks.

I new from a very early age that I wanted to own my own business. When it came time to open my own business, I used the approach as an already established business. I based my decision and did an analysis of the market. I found that the market could use another sandwich shop. Enclosed are copies of my financial plan, which consisted of my present financial condition. An Income Statement, a Daily Cash Sheet, and a John’s Submarine Sandwich T-shirt we wore as a uniform.

I certify that this essay is written in my own words and reflects my knowledge gained from experience and supported, when appropriate, by properly cited research materials.

“It is well known that half of all the new businesses in Ameri


manager: 1)Recruiting; 2)selecting; 3)Training; 4)Motivating; and 5) Managing.” (Fritz, 1984, p.

successful in every job task I set out to accomplish. With out the expense of my own business I

Federal income, self-employment, and excise taxes, state income taxes, gross receipts,

Some topics in this essay:
Submarine Sandwiches, Sandwich T-shirt, Lasser Institute, Lasser Institues, , Opportunity Act, own business, Managing” Fritz, Title VII, liquor store, business inside, inside liquor, 80 percent, owning own, walk traffic, inside liquor store, owning own business, decision business, fritz 1987, type business, business inside liquor, John’s Submarine, own boss accept, boss accept conditions,

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Approximate Word count = 3726
Approximate Pages = 15 (250 words per page double spaced)


  

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