Starting a Small Business Essay - 550 Words

Starting a Small Business (Essay Sample) Content: AuthorTutorCourseDate Starting a Small Business Starting a business is not an easy task. It requires passion and determination to start and succeed. A business idea is what leads to an enterprise. The entrepreneurs analyze the idea and then make a comprehensive business plan. A good business plan should establish the business goals and the ways of achieving them, it should clearly establish the targeted customers, it should determine the sources of revenue. Also, it should identify the possible challenges available in the industry and the ways to overcome them. The business plan helps the entrepreneur to figure out where he wants the business to be in the next few years. Also with a comprehensive business plan an entrepreneur can easily access finances from banks.Motivations to Start a Business Some of the reasons why entrepreneurs work very hard to start a business include: operating a business helps a person to utilize his creativity; the business guarantees job sec urity as you are assured of employment as long as your business is there and is doing well. The business owner has the authority to manage his time as he wishes. The business is an additional source of income, especially if the owner is an employee. Having more time to spend with family, doing what one likes most also motivates one to venture in business. By starting a business one becomes his or her own boss and thus has an ultimate control of his destiny. Starting an Auto Dealership Company When the entrepreneur decides to venture in the auto dealership industry he must first have the following: First he must have a comprehensive business plan. The business plan should give a good description of the company, the marketing strategy, how he plans to finance the business as well as, the goals set and how he intends to achieve them the plan should give a clear outline of the companys main objectives and a step by step formula of achieving the objectives. The entrepreneur needs to con sult with the government authorities to determine the permits and licenses required to start the business.it is also necessary to establish all the relevant insurances required before starting the business. He needs to have an effective pricing and estimating process.Current Trends Maintaining a good customers relationship with both potential and current is an essential aspect of any business. A recent invention of a customer relationship management (CRM) software has gained ascendancy in the automobile industry. Dealership customer relationship management offers several benefits, which include: the software enables the management to keep customers information that is easily accessible compared to the traditional way of keeping records of files.... Starting a Small Business Essay - 550 Words Starting a Small Business (Essay Sample) Content: AuthorTutorCourseDate Starting a Small Business Starting a business is not an easy task. It requires passion and determination to start and succeed. A business idea is what leads to an enterprise. The entrepreneurs analyze the idea and then make a comprehensive business plan. A good business plan should establish the business goals and the ways of achieving them, it should clearly establish the targeted customers, it should determine the sources of revenue. Also, it should identify the possible challenges available in the industry and the ways to overcome them. The business plan helps the entrepreneur to figure out where he wants the business to be in the next few years. Also with a comprehensive business plan an entrepreneur can easily access finances from banks.Motivations to Start a Business Some of the reasons why entrepreneurs work very hard to start a business include: operating a business helps a person to utilize his creativity; the business guarantees job sec urity as you are assured of employment as long as your business is there and is doing well. The business owner has the authority to manage his time as he wishes. The business is an additional source of income, especially if the owner is an employee. Having more time to spend with family, doing what one likes most also motivates one to venture in business. By starting a business one becomes his or her own boss and thus has an ultimate control of his destiny. Starting an Auto Dealership Company When the entrepreneur decides to venture in the auto dealership industry he must first have the following: First he must have a comprehensive business plan. The business plan should give a good description of the company, the marketing strategy, how he plans to finance the business as well as, the goals set and how he intends to achieve them the plan should give a clear outline of the companys main objectives and a step by step formula of achieving the objectives. The entrepreneur needs to con sult with the government authorities to determine the permits and licenses required to start the business.it is also necessary to establish all the relevant insurances required before starting the business. He needs to have an effective pricing and estimating process.Current Trends Maintaining a good customers relationship with both potential and current is an essential aspect of any business. A recent invention of a customer relationship management (CRM) software has gained ascendancy in the automobile industry. Dealership customer relationship management offers several benefits, which include: the software enables the management to keep customers information that is easily accessible compared to the traditional way of keeping records of files....