This website uses cookies to ensure you have the best experience. Learn more

Business Essay

3369 words - 14 pages

Nine reasons to have your own business

1. You Control Your Own Destiny

Many entrepreneurs consider themselves "Type-A" personalities, folks that like to take control and make decisions. In other words, owning a business saves them from having to work for anyone else. "One reason to own a small business is the ability to direct the culture of your company," says Kasey Gahler, a certified financial planner in Austin who left a big company to start his own business Gahler Financial three years ago. "When you're in the driver's seat, you are making the decisions on how best to steer your company into the future. This might be overwhelming for some and one must know when and how best to ...view middle of the document...

He is now my company's CIO (Chief Inspirational Officer) and my healthy 9-year-old boy."
3. You Choose the People You Work With

When you work for someone else, you rarely get to choose whom you work with. If you don't like your co-workers you'd better start sending our resumes. That's not the case when you own your own business, since you get to make the decisions about who to hire (and fire). "Over the years, I've hired dozens of personal friends, family members and former business colleagues to work with me in different capacities," says serial entrepreneur Christine Clifford, whose Eden Prairie, Minnesota-based businesses include The Cancer Club and Divorcing Divas. "Why? Because they care about me. Surround yourself with positive people who give you the confidence and optimism you need to keep moving forward. Weed out the people that put out negative vibes. The smaller your organization, the larger choice you have about who you work with."

4. You Take on the Risk – And Reap the Rewards
There's no question that owning your own business is a risky proposition. But, with risk comes reward. Said another way, the better you are at managing risk, the more rewards you can reap. "The thing I enjoy most about the company is playing the 'game' of business," says Mark Dinges, who owns a Tustin, California-based business called California Creations that makes sophisticated windup toys called Z Windups. "It's like combining high stakes poker with the greatest strategy game ever. There are an unlimited number of variables in almost every aspect of the company, and as soon as you think you have things under control in an area, everything changes. Specifically, I like having my own money at risk, then having to live with the consequences of my decisions (good or bad). Like every other great game, the more you play, the better you get. You learn to recognize good opportunities from bad ones. You learn how to look like you are committed to new products, without actually financially committing to it until you have feedback and orders from your customers. You also learn to create exit strategies for bad situations and how to maximize the good ones. The most fun is to work on a project for several years with your team, overcoming all of the obstacles, and then millions of people enjoy it around the world.

5. You Can Challenge Yourself

Some people thrive on the routine of their job – performing the same tasks day after day. As an entrepreneur, you can bet that each day will be filled with new opportunities to challenge yourself, be creative and learn something new. "The great thing about owning a small business is I rarely experience the same day twice," says Michael Wilson, co-founder of Mad Dancer Media, a web design and brand management firm in Franklin, Tennessee. "Because every day, I learn something new about the act of owning a business. Whether its something about taxes, about accounting, or the plethora of other things that go into...

Other Papers Like Business

Business Essay

417 words - 2 pages My goal is to attain a career where I can use my accounting skills combined with strong business background to help organization implement accounting to achieve their finance and business goals. I am a full time worker at Express Scripts Incorporation, Accounting Assistant II. Express Scripts offers a lot of opportunity for me to become successful and some day Executive Accounting Manager. I am very passionate about Accounting and how it can be

Business Essay

533 words - 3 pages . The change is affecting cultural whereas workers are not willing to be “salary-men” anymore and no longer want to be with one company for the entirety of their working career. Question #2: How might Japan’s changing culture influence the way Japanese businesses operate in the future? What are the potential implications of such changes for the Japanese economy? Answer: The changing culture is going to change the Japanese business

Business

311 words - 2 pages Business and mgmt Management in all business and organizational activities is the act of getting people together to accomplish desired goals and objectives using available resources efficiently and effectively. Management comprises planning, organizing, staffing, leading or directing, and controlling an organization (a group of one or more people or entities) or effort for the purpose of accomplishing a goal. Resourcing encompasses the

Business - 6895 words

6895 words - 28 pages Everett University Standard GPS Business and Gen Ed Syllabus |REGION |Central Virginia | |INSTRUCTOR |Dr. Edward Olanrewaju | |COHORT NUMBER |MBA 3174

Business - 2181 words

2181 words - 9 pages Case Study ( Research in Motion (RIM) Richard Okusaga Ms. Kulic BOH 4M1-02 Friday May 5, 2011 I. Summary of the Facts • Research in Motion (RIM) is a multi-award-winning company that designs and produces hardware, software, and service solutions for wireless communications used by worldwide business and consumer markets (Case, 1). • RIM is a Waterloo-based company founded in 1984 by two University of Waterloo

Business - 845 words

845 words - 4 pages LUBS1755 Business and Society (Combined) and LUBS1765 Business and Society (Social Theory) 2013/14 Seminar 4: Feminism Week 8 for 1765 and Week 9 for 1755 Key reading: McDowell, L. (2010) ‘Capital culture revisited: sex, testosterone and the city’, International Journal of Urban and Regional Research, 34(3): 652-8. Additional readings: Gottfreid, H. (2006) ‘Feminist Theories of Work’, in Korczynski, M. Hodson, R. and Edwards, P. [Eds

Business - 697 words

697 words - 3 pages Case Study: Daryl, the general supervisor of a marketing department of a mid-sized Midwestern corporation, is an ambitious young man. He is writing a book that he hopes will make a name for himself in the business community. Because the typing for the actual text is very time-consuming, Daryl is using the secretary he shares with two other managers, as well as some of his market research interns to both do research and to type the book while

Business - 839 words

839 words - 4 pages the Chief Executive Officer of Altria Group Inc., since 2002. He had previously served as Altria Group Inc.’s Senior Vice President and Chief Financial Officer since November 1996. Camilleri joined Philip Morris Inc. in 1978 as a Business Development Analyst with Philip Morris Europe. Prior to joining Philip Morris International Inc., Camilleri was a Business Analyst with W. R. Grace & Co., in Lausanne, Switzerland. Louis received a degree

Business - 693 words

693 words - 3 pages Task 1 – Business Purpose and Operations My first business I am looking at is H&M. H&M are a fashion retail brand well known for having stores in 9 counties and having over 3200 stores in total. Their target market is teenagers and young adults but they do have stores called ‘H&M Kids’ which will appeal to that target market. H&M are in the tertiary sector as they selling fashion and accessories. This means they are providing a service. They

Business - 2198 words

2198 words - 9 pages Course Syllabus BIS/220 Version 1 1 Course Syllabus School of Business BIS/220 Version 1 Introduction to Computer Application and Systems Copyright © 2011 by University of Phoenix. All rights reserved. Course Description This course provides an overview of Business Information Systems. Students learn to apply Microsoft Office tools including work processing, spreadsheet, database, and presentation software to accomplish business

Business - 1913 words

1913 words - 8 pages BUSINESS MANAGEMENT The time is always right, to do what is right” – Martin Luther King Jr. As a young child living on the breadline with my mother and my sister, money has always been the measurement of anything that was deemed to be relevant. The lack thereof, or on rare occasions’ the abundance of, money designated how my days would pan out, so being the ever inquisitive child that I was I figured the best thing for me to do would be to

Related Essays

Business Essay 1144 Words

1144 words - 5 pages Name: Course: Instructor: Date: 1. Advantages of a sole trader * Ease of formation and dissolution Compared to other forms of business, sole trader is one of the cheapest businesses to set up and to administer. Its administration system requires only the accounting and bookkeeping system to show the business profits or loss, and the business revenue and expenses. * Direct motivation and secrecy The owner owns all the risk associated

Business Essay 1949 Words

1949 words - 8 pages External Micro- Environment Micro environment includes those players whose decisions and actions have a direct impact on the company. Production and selling of commodities are the two important aspects of modern business. Accordingly, the micro environment of business can be divided. The various constituents of micro environment are as under: Suppliers of inputs: An important factor in the external micro environment of a firm is the

Business Essay 597 Words

597 words - 3 pages Describe how political, legal, social factors are impacting upon the business activities of the selected organisations and their stakeholders: Sports Direct Political How the local, national, and international developments could affect the organisation and in what ways this could happen. Economical Nationally and internationally environmental issues that could affect the organisation Social Social and developing trends that an

Business Essay 1682 Words

1682 words - 7 pages forward in converting their hobbies into businesses, they carry out different activities in such a manner that, they earn profits and in addition to that, they work towards compliance with the necessary rules and regulations without any kind of problem or issue. Business Type and Staffing Plan Ever since I was young I have always been very inquisitive about the restaurant business. I would open my own restaurant business which will include fast