Type a new keyword(s) and press Enter to search

Is entrepreneurship for me?

 

            Entrepreneurship is defined in the dictionary as "when one undertakes to start and conduct an enterprise or business". Many people have done this over time. I think that entrepreneurship is for me. I am smart, so I can get everything organized and started right away (as long as I had the money). I would start my own computer business if I were to become an entrepreneur.
             There are steps to starting your own business. The first step is to come up with an idea. You should look for work you enjoy and go to a library to research it. You should also decide whom you want to work with. This is called market research. You should also scout out the competition and search for a location. Location is crucial.
             Step two is to let your customers know who you are. Make up a catchy name. Pass out pictures and business cards. You should hire all kinds of people and give out promotions to your hardest workers. You should also try to win awards from contests or other big companies.
             The third step is to figure out a financial plan. Determine expenses for pay for your employees and for supplies, inventory, etc. Bigger profits buy more things. You should also get health insurance for your company.
             Step four is to figure out your pricing. Figure out what you should charge. You must know your standard prices.
             The fifth and final step is to do your legal requirements. Set up a meeting with the government. You also have to pay sales tax.
             There are three ways to run your business. The first way is sole proprietorship. This is when one person owns a business. The second way is a partnership. This is when two people own a business. It is good if you need a backup for something. The third way is a corporation. This is when a board of directors owns a business.
             I might want to become an entrepreneur when I grow up. My dad started his own business. He could help me start my own business. Just follow these steps and you can become an entreproneur.


Essays Related to Is entrepreneurship for me?