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Essay / Research Paper Abstract
This 5 page paper provides an overview of what is entailed when beginning a new, small enterprise. There is a focus on financial considerations and creating a business plan. Bibliography lists 5 sources. SA
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5 pages (~225 words per page)
File: D0_15Biz.rtf
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Unformatted sample text from the term paper:
the motivation but they do not take the time to do the needed research to determine if their idea will be marketable. The following pages outline the steps everyone should
take when they are considering starting a new business. Writing a comprehensive business plan helps the would-be entrepreneur to decide whether or not the business has a chance to succeed.
Every business, from the smallest owner-home-based business to the largest mega-corporation has a business plan. This is a blueprint for the business. When approached correctly, it not only provides
a guideline, it points out the aspects that need improvement (BusinessTown.com, 2000). We are making an assumption that the type of business will be a sole proprietorship. This is
the easiest and least expensive type of business to start. It means that you are the only one who owns the business. The entrepreneur must obtain a business license, file
a fictitious name statement, as applicable, and publish the fictitious name. This can all be accomplished by the entrepreneur (SBA, 2000b). The next step is to begin writing the
business plan. Throughout this process, the entrepreneur will need to temporarily stop writing and conduct appropriate and necessary research. An outline of the business plans components are presented on the
remaining pages. Each component is described and explained. These are the steps to starting a small business. I. The Business A. Description: Provide a detailed description of the
business. Exactly what is the business. For instance, are you going to provide consulting services for accountants? Are you going to manufacture and sell an electronic component? What is the
business going to be? What makes this business unique? There are three major sections in the description: a. Describe the business. What are the legalities and licenses involved? Why will
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