Essay on Building A Successful Business And Business Planning

1872 Words Apr 13th, 2015 null Page
I have always dreamed of being an entrepreneur. I know a small business is a big responsibility, although many think of it as freedom and financial stability. As an owner, one has to dedicate lots of time and money to grow the brand and create customer loyalty. As a general manager, I know what it takes to lead and train a team. I will be helping the company expand the brand with the grand opening of two new stores. I believe this experience will help me, as I get closer to realizing my dreams. Therefore, I decided to research small business and business planning. I want to learn more about building a successful business. I found an interesting book titled The Big Idea: How to Make Your Entrepreneurial Dreams Come True, from the AHA Moment to Your First Million by Donny Deutsch. The book provides inspiration to new entrepreneurs through stories from people who achieved the American dream. Moreover, I know that simply being in love with an idea or product produced is not enough to survive in the business world. According, to the statistic found on Small Business Administration Frequently Asked Questions only “About half of all new establishments survive five years or more and about one-third survive 10 years or more.” Therefore, a successful entrepreneur analyzes the business and conducts research to make the right business decisions. Entrepreneurs must also evaluate the skills needed to manage and grow the business. Complete market research to help with the business plan and…

Related Documents