Premium Essay

Entrepreneurship Elements

In: Business and Management

Submitted By tdevans
Words 1375
Pages 6
Entrepreneur Articles

Jeremy Gonzalez’s author of FIVE TIPS FOR BOOTSTRAPPERS began his entrepreneur career at George Washington University. Doomed to face the economic recession, Jeremy developed a business plan to help lessen the chances of living at home after college. With only $200 to his name, Jeremy began to develop a cost effective business, which he calls bootstrapping.

The article describes how to get products and ideas onto the market without large amounts of expense. According to Jeremy, the Young Entrepreneur Council calls Bootstrapping Shoe-strapping ( boots are too expensive. With this business philosophy in mind, Jeremy describes how he started up his business. His advice on business was 1 don’t get an office. When first starting out an office is unnecessary overhead. Spend money elsewhere, mainly on the team and its resources. “I worked out of my bedroom and some local coffee shops to cut overhead cost,” Jeremy stated.

Second, Get accounting software on Day 1. Jeremy explains how keeping up with accounting will help track your expenses, profits, salaries and overhead cost. This helps in the beginning stages of business so your not surprised by how much you owe your employees later.

Third, Ignore lawyers- they kill deals. “Lawyers are, by nature, very cautious” Jeremy states. As a result this can be very off putting to customers, especially if you present a new market niche. All in all, the section explains to be cautious about the legal formalities in the beginning so you don’t loose market share over cautious lawyer ran business decisions.

Fourth, Pick a niche and become a specialist, not a generalist. This section explains how generalists aren’t able to sink their teeth into a single sector or subservice. Being able to do a little bit of everything wont get you a strong customer base. With a market niche, the passage describes how

Similar Documents

Premium Essay

Literary Elements in a Poem

...Literary elements in “ She walks among the untrodden ways” Jacqueline Garcia ENG125: Introduction to Literature Robert Frost says, "There are three things, after all, that a poem must reach: the eye, the ear, and what we may call the heart or the mind. It is most important of all to reach the heart of the reader." (Clugston, 2012) How true is this? Each writer has to tap into the sense on the reader to convey each ones feelings. How is it that we can take their attempts to do just that and understand it from a reader stand point? The answer is key literary elements; there are many kinds of literary elements that can allow readers to do this without completely getting frustrated and giving up on wonderful pieces of literature. Identifying the key literary elements in literature allows for a deeper understanding and appreciation for the particular piece that’s being read. The elements help articulate a response and a reactions to what the author is trying to convey, or wants to you grasp from it. While reading a particular piece of literature by Willaim Wordsworth called “She dwelt among the untrodden ways” (Wordsworth, 1798) I found that the three key elements that help me gain a response and capture a reaction to the poem were figurative language, tone and theme. Each one allowing me to better understanding of what the author was trying to convey. Some people might get one thing from it and other another but non-the less his message will be convey something to whomever reads...

Words: 1052 - Pages: 5

Free Essay

Test

...visitors who come to Behance to discover creative work. How ProSite & Behance Work Together Your Behance projects sync with your ProSite, so you only have to update your work in one place to enjoy all the benefits of Behance’s exposure and to have your own customized personal website. NOTE: Your ProSite can live on your own URL, and it doesn’t contain any Behance branding or ads. Your Behance PorTFoLIo Your ProSITe Get Started in 6 Easy Steps We have created this 6 step guide to help you successfully publish your ProSite. 1 2 3 4 5 6 STEP 1: Select Your Layout There are 4 templates to choose from that act as a starting point for your ProSite. ALL layouts allow you to customize and adjust many elements of the design & layout in order to create a unique and personalized website. noTe: Even after you’ve chosen a layout, you’ll always have the option to experiment with another. Simply come back here and select another layout. See how others have transformed these basic templates into unique designs. Preview each layout in both dark or light color schemes here. NOTE: Use this interactive side bar to jump between sections. Layout 1: Basic This layout is best for users looking for a minimal, easy-to-use design. Note that the header, project list, &...

Words: 1198 - Pages: 5

Premium Essay

Informative

...Informative Journal Assignment Speech Communication 1113 Assignment Overview This assignment requires that you identify and analyze the most effective and least effective elements of your informative speech. Approximate time needed to complete assignment: 2 hours Assignment Instruction 1. View the video recording of your informative speech, paying specific attention to the effectiveness/ineffectiveness of the content and delivery elements listed below. CHOOSE ONLY FROM THE ELEMENTS LISTED BELOW. Informative Content Elements Attention-getter: Captured the audience’s attention in the opening statement while introducing the topic. Credibility: Established credibility by communicating personal interest and research efforts. Audience Relevance: Related topic to the audience’s shared needs, concerns, values, experiences, interests. Evidence: Used evidence from credible sources to support main points. Supporting Details: Used a variety of supporting details (quotes, examples, statistics) and used sign posts and transitions so the audience could follow easily. Conclusion: Reinforced the thesis/central idea while closing the speech with an audience-centered, final appeal. Informative Delivery Elements Conversational: Spoke in a conversational, sincere manner, rather than read to the audience or from memorized text. Spoke with appropriate volume and confidence. Energy and Enthusiasm: Spoke with sincere, appropriate passion about the topic. Spoke with...

Words: 1195 - Pages: 5

Free Essay

Total Quality

...Total Quality Pioneers1 Total Quality Pioneers Paper University of Phoenix MGT/449 Quality Management and Productivity Mrs. Rebel Mc Clenney August 01, 2011 Tamara A. Chunn CERTIFICATE OF ORIGINALITY I certify that the attached paper is my original work. I am familiar with, and acknowledge my responsibilities which are part of, the University of Phoenix Student Code of Academic Integrity. I affirm that any section of the paper which has been submitted previously is attributed and cited as such, and that this paper has not been submitted by anyone else. I have identified the sources of all information whether quoted verbatim or paraphrased, all images, and all quotations with citations and reference listings. Along with citations and reference listings, I have used quotation marks to identify quotations of fewer than 40 words and have used block indentation for quotations of 40 or more words. Nothing in this assignment violates copyright, trademark, or other intellectual property laws. I further agree that my name typed on the line below is intended to have, and shall have, the same validity as my handwritten signature.   Student's signature: Tamara A. Chunn Total Quality Pioneers Many people ask what is Quality? According to the Webster Dictionary, Quality is a measure of excellence or a state of being free from defects, deficiencies, and significant variations, brought about by the strict...

Words: 514 - Pages: 3

Free Essay

Hrm533

...program for (Name of the Company, real or otherwise). This company is (Complete this paragraph briefly describing the multinational company and its requirements/needs for a total rewards system. You should remember that this company is diverse and in multiple countries.) Total Rewards Strategy In order to meet the HR needs of this company, HR must accomplish the elements discussed in the succeeding paragraphs that address the fundamentals of this type of total rewards system while complying with the regulatory environments. (See pages 24—27 for strategy development. Check the index in the back of the book for Compensation regulatory programs to get an idea of the regulatory environments. A strategy is a roadmap, so in the following paragraphs layout the steps that HR should take to meet these requirements.) The first element is (Complete the paragraph stating the first thing HR needs to do.) The second element is (Complete the paragraph stating the next thing HR needs to do.) (Continue writing paragraphs with this beginning until you have fully explained the elements that must be accomplished by the compensation system.) System Advantages There are several advantages to this total rewards system as described above, and they are discussed in the succeeding paragraphs. The first advantage is (Complete the paragraph stating the advantage and how it meets the employees’ needs.) The second advantage is (Complete the paragraph...

Words: 472 - Pages: 2

Free Essay

Total Quality Pioneers Paper

...purchasing an item or when receiving an item. Quality keeps the global markets competitive and keeps organizations working as hard as possible to keep consumers happy. Total quality is the key reason that the products that are manufactured are products that succeed the expectations of even the hardest critics. Quality and Its Elements Quality can be judged in many different categories. One can judge the quality of a product or the quality of services rendered and one can judge an organization base of these two prior judgments. When attempting to completely understand quality, one must understand the key elements of total quality. There are 11 key elements to total quality that must be examined. These key elements are strategically based, customer focus, obsession with quality, scientific approach, long-term commitment, teamwork, continual process improvement, education and training, freedom through control, unity of purpose, and employee involvement and empowerment (Goetsch & Davis, 2010). In regards to strategically based, Goetsch and Davis (2010) stated that for an organization to have a comprehensive strategic plan the plan must include at least the elements of vision, mission, broad objectives, and activities that needed to be completed to be able to achieve the broad objectives. In regards to customer focus, two areas are applied, the external customer and the internal customer. The external customer is the customer who defines the quality of the...

Words: 903 - Pages: 4

Free Essay

Elements of Teamwork

...elements of teamwork :: http://smallbusiness.chron.com/elements-teamwork-workplace-692.html ::http://www.ask.com/question/what-are-the-elements-of-effective-teamwork What Are the Elements of Effective Teamwork? Some of the elements of effective teamwork include commitment, trust, adaptability, creative freedom, communication and diversity of capabilities. These elements are need especially if the team needs to face new challenges and perform strategic tasks. Collaboration Collaboration is an important element to any team. According to Penn State University, teamwork allows projects to get done that one person alone is not able to complete. Members of the team bring in their own experiences and level of expertise to a project to help create an effective finished product. To collaborate effectively the team must be able to communicate and share ideas, and there also needs to be a feeling of respect in place for each team member's contribution. Conflict Resolution After a team has started working together there can be conflict, according to the online Reference for Business. Some people feel their ideas are not being heard, and others feel that their ideas should always be part of the team's solution. There could also be a struggle for leadership of the group that can threaten to diminish the group's effectiveness. The element of conflict resolution within a team means leaving room for everyone's contributions, developing the ability to listen to all ideas and creating...

Words: 410 - Pages: 2

Free Essay

Classroom

...If a concept is to truly make an indelible impression in the mind of a student, the process must start with a “hook”. Something that will pique their interest in the topic and make them want to learn more. For the purposes of this paper, the concept at hand is the interdependence within ecosystems. The ecosystem the students will be studying is saltwater marshes, plants and animals. Teaching this concept in the classroom will be most successful using a combination of a Jigsaw approach coupled with a STAD (student team achievement divisions) approach. The key elements of both the Jigsaw cooperative learning method and the STAD method include breaking students into racially, socio-economically, gender and differing ability groups. In terms of the assignment of salt water marshes, there are three main areas of information to be assimilated: tidal changes, plants and animals. The initial step, in accordance with the STAD model, would be to provide a basic lecture of saltwater marshes, covering facts and disseminating information on each of the three main topic areas. This could include a basic lecture/presentation that included pictures, written information, and other various forms of initial information on the subject. Following the JIGSAW model and supposing a group of 30 students in a classroom, the process would then include breaking students into ten diverse groups, assigning each group of ten one of the three areas of research: tidal changes, plant life and animals....

Words: 794 - Pages: 4

Premium Essay

Image Analysis

...domestic cell phone users both citizens or not. This image greatly reminds me of the eyes of Doctor T. J. Eckleburg, in the Great Gatsby, who were ever watchful over its characters. The eyes represent the NSA ever watching what you are saying and doing and having been photographed abroad it depicts this is and international problem. For the image depicting Synecdoche I have chosen figure 2. Figure 2 is an image of a jogger in the wintertime battling the elements to remain in health and in shape. This image depicts the “Synecdoche proves” part of the rhetorical images. This image would be great for an advertisement wishing to advertise a brand of sports wear like Under Armour or Nike wishing to show its brands durability under harsh climates even for the everyday person. The scenery looks as though it could be in your neighborhood, assuming you’re in a part of the world that gets heavy snow. And the runner looks like your average Jane or Joe so that you could feel as though with this brand you too could conquer the element in their sportswear and also gets into shape no matter the time of the year. And for the image representing Metaphor I chose a photograph of what appears to be an aged elephant. Much like how a cheetah running symbolizes speed; its like the wrinkles on this elephant shows its age and therefor symbolizes its wisdom and memory. Part Two: For part two I will be further analyzing figure 1. This image was shot in the horizontal rectangular format also called...

Words: 1127 - Pages: 5

Premium Essay

How to Create a Lesson Plan

...There are many elements to take under consideration while creating a lesson plan, however these elements are important for different reasons and when combining the elements in the right order you can produce what every teacher hopes for: measurable student learning. The elements I’ll be discussing are Common Core Curriculum Standards, Performance and Learning Outcomes, Anticipatory Set, Lesson Opening, Guiding Questions, Instructional Step by Step Procedures, Guided Practice, Lesson Closing, Independent Practice, Materials, Assessment, Lesson Evaluation, and Management. The first element that should appear in a lesson plan is the Common Core Curriculum Standards. This should be first within ones lesson plan because it withholds the standards that clearly communicate was is expected of the student at each grade level within the different subject matters. This element is important because it realizes that both content and skills are important. CCSS are also important because it sets a guideline for what students should be learning and include rigorous content and application of knowledge through high order skills that are aligned with future college and work expectations. The second element that should appear in a lesson plan is that of Performance and Learning Outcomes, or in different terms the objectives and goals. This should appear second because it outlines the topics and material that the students will be learning with a certain amount of time; also showing them what...

Words: 1354 - Pages: 6

Free Essay

Worker Oriented Methods

...able to complete their jobs successfully. This kind of information is used to hire qualified people. b. Worker-oriented methods are the most ‘psychological’ of the methods of job analysis. 2. Job Element Method c. This method blurs the distinction between what gets done and what abilities are required to do the job. This method breaks the job down into pieces called elements and are described in terms that job incumbents can easily understand. d. JEM focuses on work-behaviors and the results of this behavior rather than more abstract characteristics. e. An element in JEM is a combination of behaviors and associated evidences. f. Contents of Elements i. Contents cover a broad range of behaviors, including cognitive, psychomotor, and work habits. ii. One of the advantages of JEM over more narrow analytic approaches to job analysis is the use of work habits as elements. g. Steps in the JEM iii. Gathering Information for JEM 1. Usually conducted by a professional analyst and a team of six subject matter experts, who are usually incumbents and supervisors. 2. During the first session, SMEs brainstorm and rate a list of elements that the analyst compiles. A list of job elements and ratings of each will be created. The results of the first session will be put to some particular purpose, such as developing a test or training program. iv. Rating Scales 3. The four...

Words: 973 - Pages: 4

Free Essay

Comm 301 Learning Consultant / Tutorialrank.Com

...the benefits to writing a current situation into a proposal? What are some of the possible underlying problems and opportunities to the standard proposal? How do useful strategies of proposal development help reveal possible opportunities within a proposal? ---------------------------------------------------------- COMM 301 Week 2 Assignment Design and Budget Elements of Proposal Paper ONLY (UOP) For more course tutorials visit www.tutorialrank.com Choose a proposal type. Prepare a 1,050- to 1,750-word paper selecting one of the following elements in budget proposals: Itemized budget Non-itemized budget Fixed budget Flexible budget Compare and contrast the four principles of design and discuss which principle would be most applicable for your proposal style and budget element. ---------------------------------------------------------- COMM 301 Week 2 Assignment Design and Budget Elements of Proposal Presentation ONLY (UOP) For more course tutorials visit www.tutorialrank.com Choose a proposal type. Prepare a 4- to 8-slide PowerPoint® presentation, based on your Design and Budget Elements of Proposal Paper. Itemized budget Non-itemized budget Fixed budget Flexible budget...

Words: 409 - Pages: 2

Premium Essay

How Theme Shapes a Story

...given a synopsis of the story detailing the actions and characters in it. As I have come to learn, theme is much more than a distilled retelling of a story. Theme gives a story a deeper meaning. The theme focuses the story and is the behind the scenes force that propels the story forward. In other words it gives the story purpose and shape. “Theme will attempt to hold all the elements of your story in place. It is like a cup. A vessel. A goblet”(Bain, T 2010). In this paper will attempt to explore how literary elements like symbolism and character build and affect the narrative of theme in a story. One element of a story’s theme is symbolism. Symbolism according to our text is something that has a literal identity but also stands for something else (Clugston, R 2010). For an example the five interlocking ring of the Olympic symbol. Clearly they can be identified as ring, but when they are colored blue, yellow, black, green and red, they become much more. They are a symbol of the pinicle of atheletic compition and excellence. Symbolism in literature gives the writer’s work texture. It is one element that is used to provide the reader with a deeper meaning of the story. It is what makes the reader care about the story. Symbolism when used as a tool pushes you toward the underlining truth a story. Jean Rhys uses many symbols in her story I Used to Live Here Once. One of central themes of this story is a journey. The woman in the story is on both a literal and figurative...

Words: 623 - Pages: 3

Free Essay

7s Framework

...Mindtools.com, “The 7S model can be used in a wide variety of situations where an alignment perspective is useful, for example to help you: * Improve the performance of a company. * Examine the likely effects of future changes within a company. * Align departments and processes during a merger or acquisition. * Determine how best to implement a proposed strategy.” It is broken up into seven elements. Each element has a different meaning and purpose to help define, identify and descried what management and culture can influence. The purpose of the elements is to help aligned organizations in order for them to be successful. The elements are Strategy, Structure, Systems, Superordinate Goals, Skills, Style and Staff. Strategy is the element the will help you develop a plan that will have an advantage over the necessary change provided. It is the chosen route to competitive success. Structure is the overall design of the plan. It will present the way the organization is structured and what is needed. The purpose of the element System is to report the daily procedures and activities that are needed to get the job done. It job is to show how things will operate. Superordinate Goals, which is also known as Shared Values is based on the vision. It will help on the core value of the organization and its general work ethic. The particular style that the organization...

Words: 1731 - Pages: 7

Premium Essay

Swott Analysis

...SWOTT examination is a crucial device utilized for evaluating the elements both external as well as internal which have an influence over the company. My business should use SWOTT to assess its market standing regarding share of the market, competitive edge as well as complete feasibility. SWOTT examination offers a company with upgraded information about its achieved and achievable weaknesses and strengths, possible opportunities, dangers as well as risks and business trends. The main elements of SWOTT examination can be split under the headings of external as well as internal elements. This document describes an in depth evaluation of elements external as well as internal which can have an effect on the business of Bakery. Because of this evaluation administration of Bakery can evaluate the main elements which can influence the feasibility, establishing competitive advantage as well as stakeholders’ satisfaction for the company. A lot of outer elements will have an influence over Bakery’s ability to accomplish my objectives as well as goals. To be successful Bakery will need to find out an appropriate strategy which can maintain the business’s anticipations in real situations. The exterior factors include: legal as well as regulating elements, technological elements, innovation elements, economic elements, and socio-cultural elements. This element has the complete capability to help with a company’s strategic goal. Rules specifically involving information technology would...

Words: 1235 - Pages: 5