...My obsession is Dream job The reason I want to have my own business is to be my own boss and I can do the way I want to fix it the problem the way I like to do it not the way someone tell me the way they want me to do it. I don’t like that so that why I want to make my own business to make me fill that I can do it on my own without no one help .that I got my goal complete. I would do all this on my own and my own terms and that I make it work all by myself without know one help my pay for it or help and help me make it a good business with just me I would be so happy that I was the one that made it on my own that would make me so happy that I did it from going to school to get the degree to have my own business to getting the building that I want to having my own business in and have all the customer to come back to my shop by doing a good job on my own without no one help doing it . For make it a good business to make it as a fancies all own my own time and my own money and my own experiences that what I hope that I can do for make throw the class to get it all complete own my own I hope I can do it. I be so happy that I made all this come true by myself and I hope this make my family prod to because I did this without their help get it. And then I will give people job after I make all this come true and I hope it come true that will make me so happy that I have my dream job that I all way want to have by doing it all by myself that will be so all some that I did...
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...Entrepreneur Business Plan Assignment ACC 557 November 16, 2014 \ Abstract People in America are creative, ambitious, and industrious. Many people are not content with just a single paycheck from week to week. Always looking for alternative ways to be productive and earn more income, I have thought about starting my own business. From my experience a small business is started from a person’s hobbies or it involves the person’s interests. Today’s marking techniques makes it easier for an entrepreneur to buy and sell their products and services worldwide. Having an easier way to buy and sell your products gives the entrepreneur a chance to perfect their craft more. Spending less time trying to sell a product gives an entrepreneur or a small business owner to work on a new product. In this paper I will discuss the details about the small business I would like to open one day soon. We will discuss my business plan in detail, including the financial report, and how to implement this plan to start my own business. Discussing the reasons why as entrepreneur, I would choose to use GAAP over IFRS, are also included in this paper. A sample chart of my account statement for my business is included as well. BUSINESS PLAN Many people in America are creative, ambitious, and industrious; always looking for other ways to make income. Because I am just like most Americans I decided to start my own hair dresser type of business. From my experience a business is started from...
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...COMPUTER REPAIR BUSINESS Anthony Carlile BUS 107 Fundamentals of Business Strayer University Instructor: Professor Jay Greely December 5, 2010 According to Holloway (2006) the key to effectively open and operate a my own computer repair business, I must have a solid business plan in place so that there’s some guidance and comfort level about the direction my company should take. Holloway (2006) further reports that the business plan does not have to be 100 pages long and prepared by an MBA, but it should point out what the market opportunity is and how I am going to entice my customers, on service and on price. A well-prepared outline, according to Holloway (2006) no only helps to envision the development of my business but also guides lenders and investors. Included in my business plan will be my company name, mission statement, and overview of the business, target market, my financial projections and a two-page summary Holloway (2006). Clark (2007) reports that I will definitely have to do my homework before implementing a plan for a business. According to Clark (2007) to begin, I must go to the library and study the demographics of my community in which your business will be established. People who love computers, technology and working with people find that running their own business is incredibly fulfilling and can bring substantial revenue. Clark (2007) further reports on five tips that can help me successfully start my own computer repair business. * Determine...
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...My friend is going to start a new business and he invited me to join him as partner. He proposed me to put me in a fix position. But in the meanwhile I am in the middle of starting my own business. Both of the planned companies are in the real estate business, specialized in acquiring, managing and repositioning of industrial, residential and office properties. I know that my friend is very intelligent with a lot of experience and an extent network of relationship. It is really an honor to be invited to join him. On the other hand I have been meaning to start my own business for a long time. Both companies will take up about the same amount of time to invest and it will be impossible to manage both at the same time. So I stay before the decision whether I try to undertake on my own or join with my friend. It is obvious that both of the way has its risks and advantages. So this decision demands more consideration. To illustrate the decision-making I stay before I imagined the following decision-tree: If I would follow my passion, namely to build up my own venture I have to invest the ~ 51% of the acquired money. The rest would be invested by a venture capital firm, which I have already convinced with my business plan. This investment means from my side almost all of my savings, and a bankruptcy would mean that I have to start my life over. As I know that in nowadays’ always changing business environment the knowledge, the well built business plan, well prepared exit strategy...
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...Entertainment company 1. When did you decide to start your own business? I was working as a DJ for a friend of mines company. It was good at first, I was working every weekend. I was doing weddings, sweet sixteens, etc. Then local restaurants and bars starting hiring me, and before I knew it I had more jobs than me. So I thought it was time to branch off into my own company and hire DJ’s to come work with me. The weddings and sweet sixteens, etc. is where the big money is made. The local venues are good, but they do not pay nearly enough as the weddings. I saved everything I could do venture out on my own. 2. Did you have any investors? Initially, I wanted to be on my own. I wanted to run my business with my own money, with no help from anyone, a sort of independence that I needed at that time in my life. However, my business expanded so much so that I took on investors and a partner. Not a full share partner, but I have a 25% partner that helps me with the operations of my business. As we grew we had to hire additional employees such as bookers and promoters. My home became my office. 3. Did you have a business plan? Honestly, I had no idea that I needed one when I started my business 15 years ago. Over the years, I guess you could say I developed my own version of a business plan. Fortunately, it has helped keep me organized and my business successful. 4. You said you have been in business for 15 years what do you attribute to your success and...
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...explained in previous papers I have just recently started my own Tax office Business. The Company that influenced me to start this business was Corporate Financial services. This was the Company that I worked at for the 3 years before I figured out it was time for me to do this on my own. At this company I was trained and certified on how to prepare individual and business taxes. While at this company I learned the day to day business of what it takes to run a successful tax company. Working for this company for those three years made me wants to start my own business and get into the tax business. I gained so much knowledge on taxes and IRS information from just experiencing 1st hand working at corporate financial services on a day to day basis. I think working for this independent company is what motivating me to start my company just watching a group of people build a company from the ground up and become very successful financially and in the community. I learned how to prepare taxes and send them off to the irs.I gained some experience with working with people and gaining there trust with their information and that if you take care of your customer that they will come back to you on a year to year basis. I came into the business knowing I had a advantage on how to promote to get my clientele up cause I been running a promotion company prior to that and still do run that as well so it was not hard for me to build my clients up. The knowledge that I picked up while I...
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...2011 Overview Two business proposals from the Production division of the New Heritage Doll Company are being considered for submission to the capital budgeting committee. Only one proposal will be submitted. The proposals are: Match My Doll Clothing Line Expansion and Design Your Own Doll. A systematic process will be used to determine which proposal to recommend. Criteria Include: 1. Comparison of the business cases 2. NPV analysis 3. IRR and payback period analysis 4. Analysis of additional information 5. Recommendation Comparison of the Business Cases Most Compelling Business Case Match My Doll Clothing Line Expansion Match My Doll Clothing Line Expansion is the the most compelling opportunity. This initial recommendation is based solely on a qualitative comparison of the cases and the financial exhibits provided by the brand managers. A SWOT (Strength, Weakness, Opportunity, & Threat) analysis was used to aid the decision process. See Tables 1 & 2 for SWOT analysis. Benefits of the Match My Doll Clothing Line Expansion: * Success of the original line of business * Utilization of the businesses existing strengths * Long term ability for the product to stay up to date and drive business Concerns for the Design Your Own Doll: * High risk associated with developing a proprietary software system * Complexity of manufacturing * High break-even sales volume Overview Business Case 1 – Match My Doll Clothing Line Expansion ...
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...Overview Two business proposals from the Production division of the New Heritage Doll Company are being considered for submission to the capital budgeting committee. Only one proposal will be submitted. The proposals are: Match My Doll Clothing Line Expansion and Design Your Own Doll. A systematic process will be used to determine which proposal to recommend. Criteria Include: 1. Comparison of the business cases 2. NPV analysis 3. IRR and payback period analysis 4. Analysis of additional information 5. Recommendation Comparison of the Business Cases Most Compelling Business Case Match My Doll Clothing Line Expansion Match My Doll Clothing Line Expansion is the the most compelling opportunity. This initial recommendation is based solely on a qualitative comparison of the cases and the financial exhibits provided by the brand managers. A SWOT (Strength, Weakness, Opportunity, & Threat) analysis was used to aid the decision process. See Tables 1 & 2 for SWOT analysis. Benefits of the Match My Doll Clothing Line Expansion: * Success of the original line of business * Utilization of the businesses existing strengths * Long term ability for the product to stay up to date and drive business Concerns for the Design Your Own Doll: * High risk associated with developing a proprietary software system * Complexity of manufacturing * High break-even sales volume Overview Business Case 1 – Match My Doll Clothing Line Expansion The proposal for the Match My Doll Clothing...
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...would do anything to make my dreams come true. I knew that I would not let anyone stand in the way of my goals and dreams. My passion is to become a business owner of my own hair salon or beauty salon. Being the youngest out of my sister and me, I knew that I have a lot of pressure and expectations to follow behind. My parents always put pressure on to do well in school and go above and beyond especially when it came to grades. I remember the first time in middle school when I brought home a C on my report card. I was so disappointed and scared to show my parents. At that young age, disappointing my parents was not an option I had or something I wanted to experience. I remember going...
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...With the business that I have choose and that I would like to focus on having my own Beauty Supply Store and provide services to many people in my community. With this establishment and process with putting into a marketing plan wouldn’t be hard to do because I know what types of hair that majority of people wear and buy and what types of wig to put on market. I would start my business out welcome people to my business and let them browse around to see the product that I have to offered and if I don’t have what they want I try my best to get it. My marketing plan would be well organized and provide accurate services thru out my business. Base on my knowledge and reason why I choose this because I love to do hair in my spare time and would like to have my own business to do hair and be successful in my career. As I was coming up and I always wanted to do have a business in a beauty supply store and with my mind up and my motivation that I get from family and friends I hope have my very own business so that I can achieve my goal and be successful . I have visited business and I have talk to people that own their business have gave me good information on how to be successful in a business and be focus and keep a well-made up mind and strive for the best. With my marketing plan I go to a business to see how it run and ask question what basic steps do need to follow in order to make my business a...
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...Understand what you want to get from running your own business Identify what you want to get out of running your own business. You should consider what you expect to achieve in the short term and the medium term. I hope that running my own business will be an ongoing challenge that will give me a sense of satisfaction, achievement and fulfillment. I want utilise all my talents and abilities. I desire to work with food, something I am passionate about and use my creativity to make my business stand out. I would like to gain independence and control of my own future and more power over the way that work fits into my lifestyle. In the next six months I aim to be making enough money through my business to reduce my hours at my other job to part time hopefully. I hope to achieve this level of income through supplying hampers to a number of large groups of self-catering holiday lets in North Cornwall. In the next five years I hope to find premise for café/deli and large-scale hamper production to expand the supply and distribution of hampers. I would also like to expand business to other holiday destinations. Through these developments I would like to be able to support myself solely through the income of my business. Understanding the risk factors involved in self employment Identify and briefly describe the main risks involved in self-employment. In entering in to self-employment I will be giving up steady and guaranteed employment and thus guaranteed income and...
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...My future career goal is to have my own business in the IT related field. I think many people have the same aspiration like me and many of us will also have the same doubt “can I really do it?” I have asked myself this question for many times. And I really think that If we can have a clear goal and well-planned for it, everything is possible. Therefore, I would like to write my future career plan in this column. In my school days, I plan to learn both the conceptual and technical a skill which is required and can be used in my future works. I think knowing how to run a business in the conceptual level only is not enough in IT business. Knowing different software is also important and critical. Besides, I also plan to visit different companies to see how a business runs and acquire their experiences. After my graduation, I want to be employed in a big IT firm. I don’t mind I can only be a small position in such a big firm. My purpose is to learn and experience more in the first stage. I want to be equipped more and get well prepare for my future own business. After one or two years and when I get well-equipped, I want to have a chance to be promoted or change to a small firm but with managerial position. I think only in a higher or managerial position I can learn the real managerial skills which is important to mange a team of people if I can have my own business in the future. And why I choose a small firm in this stage is because that with the experience in previous...
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...I would like to start my business out with a booth rental. My goal for a work establishment would be a nice spa. I do not want to work in a hair salon; I would like to be in a massage only center. Starting out I would like to be commission based, but after building a cliental I would want to start basing a flat, base rental fee bi-weekly. This would be the most economically friendly situation when trying to build your own small business. Starting out with a commission based salary would help me save money by not having the overhead of starting my own business. It would also help me build a cliental for in the future if I ever decide to proceed out on my own and start my own sole-proprietorship. From my research, starting your own personal business in the beginning is very expensive, so it would take a large amount of time and saving to start your own. Many banks will not finance such large loans seeing how you have no proof that you will pay them back. So, if you rent a booth or space then that will give you a means of a job with the benefit of being able to save money to put back. If you contract a business you have to pay large amounts of taxes also, but if you are an employee your employer pays them for you. This is just a small amount of the overhead that will be out of the picture for me by starting out being a commission based employee and then transitioning to renting a booth when starting my massage therapy business rather than starting my own sole proprietorship. ...
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...Business Plan What is a business plan and why is it an essential first step for a start-up firm? I found what I think are two very good definitions of a business plan and its purpose. These definitions can be found on the web and in several books. An excellent example of one of these books is “The Complete Idiots Guide to Starting Your Own Business.” The United States Small Business Association is an excellent beginning source website. This website states “A business plan precisely defines your business, identifies your goals, and serves as your firms resume” (“Business Plan Basics”, 2003 ¶ 1). The Complete Idiots Guide to Starting Your Own Business, Fourth Edition states, “A business plan is just a simulation. It is a way of predicting the future success of a business idea” (Paulson, 2003). Why is it an important first step for a start up-up firm? A business plan serves several important functions to someone who is thinking of starting a business. A business plan will make you look at several things you might not have thought of if you try to start a business without one (Paulson, 2003 p. 35). They are as follows: 1. Why do I want to go into business? (Paulson, 2003 p. 25) a. Is it because I want to be my own boss? b. Is it for my own financial independence because I do not want to work for others? c. Is it because I want to follow my own direction and utilize my own ideas. d. Is it because I want to use my own skills and knowledge and not just follow the rules and operating...
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...CU744 Evaluate and Improve Own Performance in a Business Environment 1. Understand how to evaluate and improve own performance 1.1 Explain the purpose and benefits of continuously improving own performance in a business environment There are many ways in which continuously improving your own performance within a business environment can be beneficial for both yourself, on a personal note, and also for the business that you are working for. On a personal level, there are reasons such as a possible increase of income if you get recognised and get promoted as a result of this, you will be able to meet and exceed any personal goals that you may have and also one of the main benefits of continuously improving your own performance is that you will become more motivated to do your job. From a business’s point of view, improvement of personal performance means things slightly different to them. By improving personal performance, one of the main things that this will mean for the business are that you will be able to, and are more willing to; obtain the high company standards that the business have. • On a personal level, one of the main benefits of continuously improving your own performance in a business environment is that you will be more motivated to do your job role and therefore you will enjoy your work more. After all, there is nothing like going to work and really not enjoying it. Also, the more motivated you are to do your work, the higher personal goals and standards you...
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