Personal Characteristics: Business Analysis

Good Essays
Characteristics. Leadership is a characteristic that I have and express with maturity and responsibility. I enjoy helping others reach their goals in anyway I can. I communicate and express my ideas well to others. I have no problem talking to people in person, listening to their concerns, and finding the best route of action in the moment to solve problems quickly and efficiently. I am also very organized in all aspects of my life. All meetings, appointments, lessons, and classes are clearly placed in a calendar to keep me aware of anything going on. I do not miss homework assignments, for it is neatly kept in a notebook to keep me on task. Something I lack is accounting skills. I have always been good with numbers but I need to work on …show more content…
A lower cost would be the most ideal in the location.
Office space: Even though my business is mostly retail, I want the option of office space. This way the financial aspects of the business can be handled in a different area than the selling of the product.

Some of the major competitors in my area therapy centers. These businesses are located fairly close to my business, but since I won’t be offering therapy until the future, and I offer essential oils, I am not worried about how close they are since our businesses are different. The main competitors are

The address of the building I choose is,420 Boylston Street, Boston, MA 02116. The location is right off of Boylston Street which is a fairly busy street in the downtown Boston area. Many people drive down this street throughout the day to stop for shopping and food. Since the street is one way, it receives more traffic than on a daily basis.
The building offers both retail and office spaces which is exactly what I was looking for. I will obtain 1,100 sq.ft for $50 per sq. ft each year. In total each year I will pay $55,000 for the building rent; each month I will pay
…show more content…
My business will be a limited liability company. A limited liability company is a company composed of multiple people in a special written agreement. It distributes the loses and gains and assigns to people to their interests. When using an LLC our personal assets will also be protected if someone were to sue the company. A LLC also doesn’t limit the number of people that can manage. It appears as the best option because, there will be many different people working in the company who help run the medical side of the business. It would be beneficial to have them be a part of the management, because they can overlook their specialty. In the long run the business will also receive financial benefits. It is very important that our business is credible, since we deal with the mental health of our clients. An LLC offers the credibility because it shows that I have a formal commitment to my business. A limited liability also requires fewer state and federal requirements. That means that making the business official and up and running, will be a faster process. There are also no ongoing pieces that will come back and haunt us just when we think the business is ready to go. This helps us assure that our business meets all requirements and stays on schedule for

Related Documents

  • Decent Essays

    This would not only develop my team’s performance, but would enhance the behaviors of my team members as well. Another skill that I used was active listening because good communication is key to success. Every successful group has good team leaders that engage with their team members. Furthermore, another theory that I found valuable was the goal setting theory because it directs and energizes people’s behavior. My team members and I set up goals that were challenging, but attainable.…

    • 878 Words
    • 4 Pages
    Decent Essays
  • Decent Essays

    Trusting the team, listening to what each has to say, enriching their jobs, and increasing their influence, transforms the team noticeably. The people lucky enough to work in such teams will have a very high sense of ownership to their assigned tasks. They will be very loyal to the company and the extra mile will be their normal…

    • 1242 Words
    • 5 Pages
    Decent Essays
  • Decent Essays

    Electronic transactions communication is both a blessing and a curse to firms, and employees since the systems enhance and compromise corporate privacy in equal measure. Business today are faced with the dilemma of how to strike a balance between communication control and avoiding to interfere with employees’ private rights. System such email, voicemail, and fax when used well lead to fast and efficient communication and fosters teamwork. However, when misused, can result in a conflict of interest and unethical behaviors. But organizational control and monitor are good for the overall benefit of the firm and employees.…

    • 1494 Words
    • 6 Pages
    Decent Essays
  • Decent Essays

    This business entity will be protecting you and your husband from legal responsibilities, lowering your tax rate, and eventually helping you expand globally as a serious corporation. “Business owners need to understand that taxes should not drive the business decision. They should not be ignored, but owners need to focus on what is good for the long-term success of the company” (Hopson, J. F., & Hopson, P. D.…

    • 748 Words
    • 3 Pages
    Decent Essays
  • Decent Essays

    The Stigma Of Bankruptcy

    • 781 Words
    • 4 Pages

    This clearly wouldn’t be the first option for anyone so you could see why getting with your creditors and coming up with a plan that works for the both of you would be a better option. Debt consolidation is an agreement between both parties involved to pay off what you owe without losing any of your assets, with this happens a single loan payment is agreed upon with a little interest. This could also waive your current payments by agreeing to make small payments now but larger ones down the road to pay off the debt. Either way this is a much better option than filing for bankruptcy. You could also sell your property, this should be common sense to most but simply get rid of some or all of the things that have your in this financial bind for starters, this can be done long before bankruptcy is even a thought.…

    • 781 Words
    • 4 Pages
    Decent Essays
  • Decent Essays

    Members of an LLC (Limited Liability Company) actually have the same luxury of liability protection as corporations. o Income Taxes- It is a limited liabilities company choice about how they would like to be taxed. They can be taxed either as a whole corporation on the net income of the company or as a partnership and have the members of the business pay personal income tax. o Longevity and or Continuity- The OOA (Official Operating Agreement) states about how and when an LLC (Limited Liability Company) can be dissolved. The death or deaths of a member doesn’t entirely mean that the LLC (Limited Liability Company) has to be done away with.…

    • 1915 Words
    • 8 Pages
    Decent Essays
  • Decent Essays

    Retirement Planning Essay

    • 1684 Words
    • 7 Pages

    Some examples of non-distributing marital retirement property would be social security payments, military injury compensation, railroad worker’ retirement benefits, and workers’ compensation disability awards. There are a few different ways to distribute the money that is controlled by the federal law. The deferred distribution approach, the court will retain jurisdiction over the divorce and will wait to distribute the benefits to the parties when they are actually paid to the pensioner. Another pay out method is immediate offset. In this approach you are instantly rewarded an offset amount of marital property to the non-employee spouse, equivalent to their share of the plan, and the entire plan itself is awarded to the employee spouse.…

    • 1684 Words
    • 7 Pages
    Decent Essays
  • Decent Essays

    Although no certification is required but obtaining this certification will make more marketable and more serious about your personal career goals to future employers, AAHAM is a premier professional organization with in administrative management. The skills needed to succeed in this field includes high-level business and management knowledge, understanding healthcare delivery and operations as well as financial responsibilities such as budgeting and reimbursement. Taking the assessment some of my personality traits are realistic, investigative, artistic, social, enterprising and conventional. I believe my personality is a great fit for healthcare I am social and compassionate towards other me being conventional and realistic is one of my best attributes, my weakness in this field would be me managing staff I can take lead on assignments and or projects I am not sure how my leadership skills as a manager and or director would be. My personal career goals would be me one overcoming the fear of becoming a leader and run a bariatric center as a lead Administrator.…

    • 503 Words
    • 3 Pages
    Decent Essays
  • Decent Essays

    Health Care Model

    • 859 Words
    • 4 Pages

    In this model, providers acknowledge that working together the quality outcome would be great, but providers would not be held accountable for the quality and cost of their patients care. They have complete control on care quality and cost. Is this an effective care model because specialists are rubbing shoulders with primary care physicians? The harmony among them and patients are to be praise because when PCP and Specialists work together, the care can be delivered in every layer of our society, but the most important question here is that are stakeholders providing holistic care (preventive and adequate care) or are they more focused on disease and cure. This model stakeholders including, hospitals, pharmaceutical companies, and others make profits.…

    • 859 Words
    • 4 Pages
    Decent Essays
  • Decent Essays

    It is both effective and allows for patients to be the focus of care. Human beings are more than just numbers and conditions. It is important to remember that in healthcare there is often no magic bullet for treatment and in order to have the most successful outcomes, I must respect my patients and communicate with them effectively to better understand all the dimensions of their personality, lives, and the environment they operate. I will be able to have personalized care plans that will improve the overall outcome of healing for each of my patient by considering and treating all dimensions of wellness. Integrative medicine will allow me to improve my patients’ health over their lifespan, rather than just the immediate future.…

    • 717 Words
    • 3 Pages
    Decent Essays