ipl-logo

BA 500: Planning A Start-Up Business

1195 Words5 Pages
bulb-icon

Recommended: The importance of a business plan

Planning a Start-Up Business
Shawn Irons
Grantham University
Management/ BA 500
Dr. Scott
November 18th, 2014

Planning a Start-Up Business It is often said that the American dream is to own your own home and to have a great job. For many, that great job is starting their own business. While the idea of owning a business sounds simple, there are certain steps that need to take place in order to make that dream a reality. This paper will identify the steps that new entrepreneur would need to successfully launch a new company, the importance of a business plan, some locations that are available for funding a new business, the short and long range planning needed for success and finally will provide examples of companies …show more content…

While the long term planning is defined as looking three or more years down the road it can changes constantly depending on how effective the short term planning has been. Short term planning is just as important as long term planning; some examples that go into short term planning could be how many employees to hire or to keep on staff, salary of those hired, when to start expanding or if expansion is even probable. At this point in the company the goal should be to keep the books in the …show more content…

More times than not this doesnt work, but for those elite few, when they make it big they make it ultra big. This is the case for a huge company with humble beginnings. Apple computer started in 1976 in Steve Jobs garage (The Apple Revolution, 2009). Steve Jobs and Steve Wozniak was able to take a personal computer idea and turn it into a multibillion dollar company. With the short term and long term plan's it was able to develop the ipod, iphone, and ipad. With Steve Jobs and his associates paving the way for young entreprenuers, by following their example it is possible to successfully start a new company from nothing. By ensureing that a solid business plan is created, finding suitable financial investor when needed, and developing achieveable short and long range goals it becomes possible for any new entrepreneur to sucessfully launch a new

Show More
Related

Brett Popplewell The Big Smoke Summary

348 Words | 2 Pages

His prime example of the success that the company will get are the millions of dollars

Read More

Nt1330 Unit 5 Learning Log

657 Words | 3 Pages

I skipped almost all of these steps with my other ventures. I had no bank account or landing page and didn’t even consider my ideal customers. I just had what I thought was a good idea, so I started building it. I didn’t validate the project to see if anyone was interested because I thought "I want that, so it must be something people want," or "I think that 's clever, so I think I 'll build it, and other people will sign up for it. " I then spent weeks and months working on these ideas on the side and at night.

Read More

Comparative Essay On Outliers By Malcolm Gladwell

595 Words | 3 Pages

"He wants to do it now. He speeds to Cupertino and says, drop everything, we're doing this at this very moment.". In jobs successful story it wasn't about being a genius it was about attitude. Jobs was also born in the right place at the right time in Silicon Valley.¨Coincidence? Microsoft co-founder Paul Allen was born in 1953, Apple (AAPL) founder Steve Jobs in 1955, and

Read More

Similarities Between Carnegie And Steve Jobs

150 Words | 1 Pages

Every growing economy needs competition and Rockefeller and Carnegie were no other than the two who had discovered this perfectly. Through modification and deals with private owners, these men found their way to the top just like Steve Jobs and Bill Gates do now. Windows

Read More

How Does Jorge Newberry Overcame Adversity?

193 Words | 1 Pages

“Even as a child, I enjoyed comeback stories where people overcame adversity and against all odds achieved what they sought. I was always rooting for the underdog. The greater the challenge, the more I liked the story. However, I could not fathom that one-day, I would be the fallen one trying to claw my way back.” Jorge Newberry began enterprising at the age of seven, dropped out of high school at sixteen becoming an enterprising entrepreneur as he rose to the top building a vast financial empire.

Read More

Steve Jobs: The Free Enterprise System

268 Words | 2 Pages

However, Steve Jobs had a dream. He had a dream to create and build upon technology. Doing just that him and his partner Steve Wozniak created the first Apple computer. This computer did so well he was a millionaire by the time he was 23. For a short time he left Apple and got a share in Pixar.

Read More

David Johnson The Bourgeois Mind Summary

559 Words | 3 Pages

Johnson’s book provides a high-quality thanks to begin that system. Johnson, the founder and CEO of Johnson Media opposition., launched his 1st business as associate college boy at Morehouse college in Atlanta. A self-proclaimed serial bourgeois, Johnson has been an educator for the Teenpreneurs convention, that yearly presents guide to aspiring and focused immature business homeowners at the Black manufacturer Entrepreneurs conference, for a few of years. In his e-book, he identifies key lessons that he believes entrepreneurs have to be compelled to be instructed in seven areas: approach, schooling, folks, finance, advertising and revenue, management and motivation. for each of the a hundred lessons, he walks by method of the thinking of victorious entrepreneurs, utilizing examples from his possess experience, pretty much as good as stories of high-profile business leaders at the side of fb’s Mark Zuckerberg and below Armour’s Kevin Plank.

Read More

Nfb Case Study

496 Words | 2 Pages

Countless articles, videos, and data sets are available on the NFIB website, making it one of the best resources for starting your own business. Along with these online resources, NFIB members work together to save on insurance, office supplies, etc. These cost saving techniques and online resources are huge in holding on to the American Dream. The American culture is drowning in the corporate world and the corporations have given us floaties that are leaking air. The poor are in debt, the middle class is deteriorating, and the rich have doubled their money.

Read More

Competitive Advantage Of Costco's Business Model

1090 Words | 5 Pages

Furthermore, the company is increasingly appealing to customers and continues to maintain more than 90% of its members year to year. With the leadership at the helm of the company and their commitment to maintaining their competitive advantage, this remains an incredibly appealing business model. However, replicating this model would be incredibly challenging for small scale

Read More

Business Planning Activities Case Study

1112 Words | 5 Pages

I hope to help both individuals and small businesses in my community grow and be financially successful. I plan to add Value to the clients and communities by tailoring each individual portfolio to match the industries of interest of the client, and try to support local businesses through development opportunities and using my network to give access to essential business connections and services. 2. Please detail the types of prospective clients you believe will allow you to build your business to fulfill your vision. I plan on reaching out to young working professionals who have recently entered the workforce, using my network connections within the hospitality industry to find those who need financial guidance. I also plan to reach out to the rural communities, such as farmers and small businesses, to give opportunities for investment and growth.

Read More

Argumentative Essay On Woodstock

1748 Words | 7 Pages

A young, 27-year-old, co-founder of the frozen smoothie kit company PACK’D, Luke Johnstone, was named young entrepreneur of the year in 2016 (“From Freezing Shed to Frozen Drinks Rise of the Smoothie Operator” par. 1). Like the Woodstock entrepreneurs, Johnstone quit his job to start his business, but he was not lucky enough for his dream to happen in just a short nine months like the other four men, his took two years of living in a shed in the back of his parents garden (“From Freezing Shed to Frozen Drinks Rise of the Smoothie Operator” par. 4). Another young entrepreneur, like the Woodstock entrepreneurs, is high school sophomore, Natalie Abbott. Abbott turned her 4-H project into her business, The West Hill Honey Company, where she sells honey and lip balm(“Chi-Hi Student Wins State Business Award” par. 1). Although Abbott is younger than the Woodstock entrepreneurs, they are alike because she did not work alone, she had help of her mother and father, just as the four men had the help of each other (“Chi-Hi Student Wins State Business Award” par. 1).

Read More

5 Steps In Workforce Planning Process

722 Words | 3 Pages

What are the long term goals and short term goals of the business? When you finally understand your business in-depth, it will help in planning the workforce so as to turn the goals and vision to business success. Step 2 is to understand the current available workforce in the business. Here the one needs to identify the age, skills, knowledge, experience and

Read More

Bill Gates Entrepreneur

2022 Words | 9 Pages

Starting your own small business and making it a worldwide company, is not easy at it sounds. This is known as entrepreneurship. There are lots of personals that we can take as entrepreneurs who have achieved their targets and have conquered the world. Among the world’s best entrepreneurs Bill Gates holds a noble title. Some critics may see him as a modern day robber but to the majority of the world he is a great inventor, a great programmer, and an ambitious businessmen.

Read More

Steve Jobs Management Style Case Study

1180 Words | 5 Pages

What marks out Steve Jobs as a successful leader is the success of Apple and the extent to which Apple is Jobs’ personal creation. As the case points out, Jobs is one of a number of celebrated

Read More

Literature Review On Startup

984 Words | 4 Pages

Literature Review: The purpose of this chapter is to present a review of literature relating to start-up business. The following are the literature review by different authors and different research scholars. Weiss: made a study in US and concluded that small businesses are generally less efficient when compared to large administrative companies and concluded that on an average, about half of total shipments in the industries covered are from suboptimal plants.

Read More

More about BA 500: Planning A Start-Up Business

Related Topics

Open Document