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Business Owner
Miguel Lemus
Senior Capstone
Jody Snyder
Miguel Lemus
Jody Snyder
Senior Capstone
Starting A Business
Many people all across the country and the world are employees and have to answer to
with paid personnel (2.2% of women; 5.6% of men) (Reid). Be the person to increase that 4%
average, whether it's on the female or male side, do not be the typical everyday employee. Four
percent is pretty low compared to that of regular people in the workforce, which most people
probably are in. Considering quitting that job that pays minimum wage and being a boss? When
being ones own boss, it comes with privileges like setting schedules, and entrepreneurs can do
what they love and enjoy and get paid for it, with the potential to make a high salary. An
entrepreneur starts and sustains a business by understanding the financial needs and
demands, knowing how to use social media to his/her advantage, having knowledge and
experience in the business industry, and realizing the impact of customer service.
An entrepreneur starts and sustains a business by understanding the financial needs and
demands. "A significant obstacle to successful growth and development of small business has
been access to finance under appropriate terms and conditions" (Connell). When it comes to
starting a business, an obstacle will be money. Money will be a first step to becoming successful
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as an entrepreneur. For example, an entrepreneur starting a lawn care business will need money
to buy his or her equipment. The basic lawn care business requires a truck, lawn mower, weed
whacker, and a blower. If he/she has no money, what do they do? Most businesses that are still
up and running today started from the bottom; they all had to save up, get a loan from a bank,
maybe even borrow money from family. When thinking about what type of business to start,
make sure it will be in demand. Here is one example, a roofing company, why is that in demand?
Roofing is needed by someone somewhere always, so there will always be work. Choosing their
future business wisely is important, otherwise it can be bad for business startups. Therefore, an
entrepreneur starts and sustains a business by understanding the financial needs and demands
associated.
An entrepreneur starts and sustains a business by knowing how to use social media to
their advantage. The reason social media advertising is gaining traction is because of its
massive audience- (Focus - Five Steps). Internet or social media can make your business be
viewed by a larger scale of people. For example, when a business has their own website people
can already see details about your business and can spread the word. Instead of calling getting
info, getting jobs done then people spread the word. Website can influence more people and at a
faster rate. That shows an entrepreneur starts and sustains a business by knowing how to use
An entrepreneur starts and sustains a business by having knowledge and experience in the
business industry. An entire 221, 62%, of the 355 business owners interviewed referred to their
industry/business. knowledge and experience as a key preparatory step toward the success of
their business start-ups (Bewayo). This article is just saying 221 out of 355 business owners
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say that knowledge and experience are very important first steps entrepreneurs make towards
starting their business. People who have experience in the business they want to own have a
better chance of sustaining it. For example, someone who does lawn care for a company knows
how to do the work and with a little research on how to get clients, he or she could go on his or
her own and be able to do it. Knowledge and experience are important to have because if an
entrepreneur has neither, he or she will be clueless and will not have a successful start. How do
does a future business owner gain experience? If thinking of having their own restaurant, they
can work as a server/waiter and learn how things work inside a restaurant. Once they know how
to satisfy a customer and keep him or her coming back, and maybe pick the brain of the boss of
his or her start-up, they could have enough experience and knowledge to be a boss of a
restaurant. Therefore, an entrepreneur starts and sustains a business by having knowledge and
service. We interpreters want to help visitors make connections that will last a lifetime
(Leftridge). This statement from this article is saying that for entrepreneurs to keep a customer,
they have to make connections. This is very true because, for example, when a person goes to a
local mechanic, the mechanic wants to gain the trust from the car owners and once he builds that
trust, that person keeps bringing that car back to the mechanic. Another example is the lawn care
business owner; he wants to show that he can take care and care for lawn. Once he does a good
job and maybe makes other good connections, he will always be scheduled to come back to
service his customers property. Another good example is a barber who is always trying to gain a
customer so he or she will do a good job and make conversation to get to know the client. Once
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the client sees that the barber is talented and can communicate, client will always come back to
that barber. Therefore, an entrepreneur starts and sustains a business by realizing the impact of
customer service.
There is no age limit; the young entrepreneurs have to be "young at heart" and willing to
go abroad (Erasmus). No matter what age the young entrepreneur is, they should never give up.
They should set goals and always follow through on them, which will lead to success. It is
important for entrepreneurs to practice what it is he/she wants and start doing it for some income.
Mistakes are only bad if a future business owner does not learn from them. The three things an
entrepreneur needs for their future business are simple. An entrepreneur must start and sustain a
business by understanding the financial needs and demands, by having knowledge and
experience in the business industry, and by realizing the impact of customer service.
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Works Cited
Bewayo, Edward D. "Pre-start-up preparations: why the business plan isn't always written."
go.galegroup.com/ps/i.do?p=AONE&sw=w&u=lom_accessmich&v=2.1&it=r&id=GALE%7CA
Connell, Jenet. "Small business finance." Small Enterprise Research, vol. 2, no. 1-2, 1993, p. 28+.
Academic OneFile,
go.galegroup.com/ps/i.do?p=AONE&sw=w&u=lom_accessmich&v=2.1&it=r&id=GALE%7
Academic OneFile,
go.galegroup.com/ps/i.do?p=AONE&sw=w&u=lom_accessmich&v=2.1&it=r&id=GALE%7CA
"Focus - Five Steps for Success in Social Media Advertising." just-drinks.com, 10 Oct. 2014.
Academic OneFile,
go.galegroup.com/ps/i.do?p=AONE&sw=w&u=lom_accessmich&v=2.1&it=r&id=GALE%7CA
Leftridge, Alan. "Connections." Legacy Magazine, vol. 20, no. 4, 2009, p. 24+. Academic OneFile,
go.galegroup.com/ps/i.do?p=AONE&sw=w&u=lom_accessmich&v=2.1&it=r&id=GALE%7CA
Reid, Susan. "The Numbers Are In: Most People Want To Be Their Own Boss."Forbes. Forbes
https://www.forbes.com/sites/susanreid/2015/10/12/the-numbers-are-in-most-people-want-to-b
e-their-own-boss/#6d9ffafa1451
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