Personal Narrative Essay

1096 Words5 Pages

This paper is written about how to start a new venture and the tools and structures.. The steps to steps to guide me though setting up some of my main departments and any help that I might need.
.Analyzing a business that I are interesting in opening
By analyzing a business that I are thinking about opening helps me in a number of ways (1) it will show me how to reduce my overall cost, how to better service my customers, It shows how it works and how I can make improvements. It points out risk that I may encounter. It shows the input, output and activities in the company. It helps me to focus on operational process, management process, don't forget about the S.W.O.T tools this tool is very helpful because it answers a number of questions that I may be looking for. …show more content…

A business plan takes a lot of work and information before I get started. In a business plan I should get help if I need it. Find a location, know my financial options, decide on what kind of business srtuction I want,get a tax I.D, give my business a name, get my permit and licenses, and figure out who my employees and managers will be. After I write my business plan, then I must decide what kind of business I want if I want to be the sole proprietorship. which gives me the right to make the decision, run, hire employees. I could decided to have a partner which makes it a partnership which gives the partner the sames right as me. I might want to run a corporation this deals with shareholders they have to vote on issues and come to a conclusion and that conclusion is what stands. Then comes my financial plan which is needed to get my venture off and running. What my business is about and how I will accomplish my goals. How I will fill my market's needs? Who is my