Premium Essay

Business Gone Bad

In:

Submitted By ash22
Words 341
Pages 2
Ashley Jackson
Essay 2
Intro to Business
7/25/13
Starting and Operating a New Business In chapter 3 we learned all about starting up a business. We learned that there are a lot of key factors that go into starting a business. We also know that it may not always turn out successful. I found an article on bizjournals.com that talks all about the economy and entrepreneurship. It talks about how it’s been in the past and how it’s been since 2012. An entrepreneur is a businessperson who accepts both the risks and the opportunities involved in creating and operating a new business venture. The article states that entrepreneurship is on the rise again, but there is still one thing holding a lot of Americans back and that is the risk that the business may fail. If their business fails, it’s a big deal because the entrepreneur then just lost all the time and money they had put into the business. The article says that one in three Americans feel that fear that it will fail but that’s has moved from one in every four from 2008. We learned that a Business plan (which is a document in which the entrepreneur summarizes his or her business strategy for the proposed new venture and how the strategy will be implemented) is key when starting up your own business. Without a clear written out plan chances are slim that your business will succeed. In the article it talks about how 69% of small businesses rely on friends and family members to help start up the business and get it running.
So starting up and running a business we learned can be a hit or a miss. If you don’t want to have to worry about a brand new business not working out there are also other options that are not as scary for a want to be business owner such as buying an existing business and or franchising a business. That can take the stress off of a new

Similar Documents

Free Essay

Rihanna's Personality

...Robyn Rihanna Fenty (born February 20, 1988), known by her stage name Rihanna is a Barbadian recording artist, actress and fashion designer. She lived the life of a normal island girl going to Combermere, a top sixth form school. Rihanna won numerous beauty pageants and performed Mariah Carey "Hero" in a school talent show. Her life changed forever when one of her friends introduced her to Evan Rodgers, a producer from New York who was in Barbados for a vacation with his wife, who is a native. Rodgers arranged for her to go to New York to meet Jay-Z, CEO of Def Jam Records. He heard her sing and knew she was going to be incredibly successful. She was 16 when she was signed to Def Jam. Since then, she's amassed phenomenal success. After watching Rihanna’s 2013 Grammy performance of her hit song ‘Stay’ it led me to conclude that Rihanna has a Strong personality, an assumption which is based off the application of Evolutionary psychology and Existential psychology concepts. As she sang, the audience could feel her raw emotion, it didn’t feel rehearsed it felt real, which was only suitable since the song can be seen as a representation of the current dilemma she currently faces in her love life with ex lover Chris Brown. Existential Psychology is the study of human existence, however Rollo May focuses on concepts like freedom, responsibility, Authenticity, Death, courage, anxiety, destiny, dasein , daimonic , etc. All of which can be found in the traces of rihanna’s personality that...

Words: 1217 - Pages: 5

Premium Essay

How Do Businesses Deal with Bad Publicity?

...deal with bad publicity? Companies and brands work tirelessly to build a strong image and protect the reputation of what that entity represents. Even the most guarded company and/or brand can make mistakes that lead to bad press. Something unexpected has happened and an organization is involved. The media has shown up on one’s doorstep looking for an answer, a response, some sort of comment. Is everyone’s organization ready to deal with bad publicity? Ethical conduct in business and government is one preventive measure that reduces bad publicity. Anyone who lies creates false records, or who knowingly uses defective materials is creating a potential disaster. The best defense against this type of disaster is to follow ethical standards of behavior. Depending on the nature of a business and the number of people it employs, the organization could face an unexpected public relations crisis such as: 1. An unpopular policy needing to be quickly reversed 2. An unsatisfied customer complaining to the media 3. A disgruntled former employee revealing trade secrets and other inner workings of an organization. 4. A company experiencing a service interruption or blackout that angers thousands of users 5. A human rights complaint being filed against an organization or an employee of that organization. 6. A lawsuit 7. An employee being arrested and charged with a serious crime The first thing one need to do once they realize that something has gone wrong, is...

Words: 681 - Pages: 3

Free Essay

Business Enviromnet M3 D2

...Because inflation in the UK has gone down the Profit that New Look will have made will have gone up – the interest rate has also been lowered which will help boost the company. Because of all this the demand of high street clothing has also gone up meaning that more people are buying New Looks clothes. As New look have had a rise in profit they have decided to open up nearly 600 stores all over the UK. Russia has also had a raise in their economy which means that they have also had a higher demand for high street clothing. Because of this New Look have decided to grow their company and maximise profits over there. In 2013 they opened up around 20 stores, this is good as they have only just started to open up stores in Russia. At the moment taxes have been lowered to try and help the economy because of the recession – when the recession is over taxes will go back up. This means that New Look will be able to trade and hopefully they will be able to make more money, however they might find that the new stores that they have opened will start to cost them a lot of money. When taxes go back up it should not be much of a problem because they will already be doing well. UK government have been thinking about leaving the EU, if they were to do that than they would not to follow EU rules. This might be both a good and a bad thing – it will be good because they will only have to follow the rules that the UK has set. It may also be bad, if something bad happens it may be an unfair ruling...

Words: 1093 - Pages: 5

Premium Essay

The Pros And Cons Of Disruptive Technology

...There’s another technological arms race going on now, and this time, it’s on the social front. Customers sustain a business, so retaining existing customers and reaching out to potential buyers is the most important part of a business. Those born after 1985 are accustomed to digital devices. Marketing to the elder segment of the population that isn’t digitally-savvy is proving to be a challenge for business. The business world has changed a lot in the past twenty years. The words ‘mouse’, ‘application’, ‘windows’, and ‘apple’ carry alternate connotations now. Now, digital disruption is shaking up the industry. ‘Disruption’ is a disturbance that interrupts a process, activity, or event. Although the word ‘disruption’ carries a negative...

Words: 952 - Pages: 4

Premium Essay

Buisness Trends

...Business Communication Trends Paper Marlo Catania Com/285 July 25th 2011 In today’s world there are so many ways to communicate it is unreal. Our society has gone from the average telegraph and postal service to the World Wide Web and Smart Phones. Adding these new communications into an everyday business role has created a highway for expansion and success for business around the world. Although my business does not benefit from much of this as we are off the grid I do see some things that are influenced by the worldly communications. Well working in a little general store 10 years ago was challenging when it came to hunting and fishing seasons. You would have this terrible process of filling out a large inquisitive paper in order for the customer to receive their license. You would have to look up different codes in a book to fill in and call the National Forest Service Databank to see who drew what tag. It was a time consuming, annoying ordeal for the customers who were waiting in line and the clerk doing all the work. Now there is an internet service that is installed at our location by National Wildlife Fish and Game that is equipped with a training course and takes roughly 10 minutes as every one that is entered into the system is saved for future tags and licenses. So there are no more headaches. This form of communication really has changed our business for the better as people don’t dread getting their tags and licenses. Fish and Game benefit as more people are...

Words: 1082 - Pages: 5

Premium Essay

Argumentative Essay

...Business Practice Argumentative Essay Lisbett De La Garza PHL/320 June 13, 2016 Professor, Bryan Carey Why is the business decision good before you open a business? the decision is good because when you open a business you should take the decision that best describes the business role. The importance of taking good decisions will be either prosperity of the business or worst later on consequences. Most of the consequences hurt when a wrong decision is taken. In order to have a good business it is important to take good decisions. The best way to earn more income to the company is to make sure you exchange opinion with people that have been in the business a longer time and have better business knowledge than you may have. Decisions taken can be good or bad for the future, for example if you get married to a man who love drinking, taking the decision of getting married with that person is not going to make that person change the way they are acting. Another sample I demonstrate is when a business is about to take a bad decision your business will suffer the consequences of taking wrong decisions. Later on is when the companies get to realize that instead of going to the left, they should have gone to the right to make better choices. Once we opened a business in Chicago Illinois, in fact a family business between my sister and I. She took a wrong decision of traveling all the time with her husband. By leaving me in the business not only the production was suffering but...

Words: 671 - Pages: 3

Premium Essay

The Deever Family

...Set after WWII a relatively happy family goes about their daily business, haunted still by the loss of their son, Larry, 3 years ago. Kate, his mother, is effected the most by this, she clings to the bit of hope that he may still be alive. The son, Chris, wants to marry the family’s old neighbor Ann Deever, who was Larry’s fiancee. The rest of the family is uncomfortable with the idea, if Chris marries Ann then Larry is truly gone. When Ann arrives we see her relationship with Chris, and the rest of the family. Because she grew up with the Keller family it has the background of love and comfort, but there is hostility, especially from Kate, who feels like Ann has betrayed Larry. Kate isn’t the only person against the marriage, George, Ann’s...

Words: 1001 - Pages: 5

Premium Essay

Globalization Argumentative Paper

...Jennifer Stephens Globalization In today’s business world, the term “world” is literal. Globalization, the development of an increasingly integrated global economy marked especially by free trade, free flow of capital, and the tapping of cheaper foreign labor markets, has become the norm. While there are always two sides to an issue, globalization has become a good, positive force in business. For the purposes of this paper, the term “good” means favorable or advantageous. (1, Premise) Operating globally, businesses work with other countries stimulating trade, creating employment, and boosting economies. According to Mike Collins, a contributor for Forbes Magazine, “globalization promotes economic growth; creates jobs, makes companies more competitive, and lowers prices for consumers” (Collins, 2015). Globalization helps to stimulate trade by allowing organizations to gain knowledge about the trends, culture, and customs of other countries to better market to those parts of the world. (1, Conclusion) Thus, globalization generates effective communication between countries in order to trade, create jobs, and boost economies. (2, Premise) Globalization creates a worldwide shopping experience. In the past, consumers were limited to what was nearby for purchasing. With globalization, the options are limitless. Gone are the days of cookie cutter gifts from your local Walmart. A unique gift is just a click away. Business can now order supplies from other countries where...

Words: 502 - Pages: 3

Premium Essay

Research

...could have never been done in the past. We have iPhone’s that have conversations with us, automatic doors, and scooters that move by balancing your weight. But the question that the world wants to know is, do we rely too much on technology, and what happens if technology falls short of the success we think it has? When discussing more about this thought, has technology helped us in this world? For example, the business world. People like to imagine that the business world has been raised to a higher degree with technology in today’s society but some think it has been destroyed. Now companies do not have many workers anymore because they are operated by automation. Automation that operates ten time faster than one worker. This helps companies to improve their estimate of expected income against other companies and become on top of success. The reason why technology helps to produce and deliver a great quantity or amount of product so that they beat all of the competition in the business world. Technology has been passed on and improved throughout the years have gone for human needs. But we take so much for granted that we don’t even know what we really know and what is in our brains. For example, taking advantage of the internet like illegal downloads, computer viruses, crimes involving retrieving person particulars such as credit card numbers and when students write essays for school which is called plagiarism. The main purpose and use for the internet is to help us with information...

Words: 589 - Pages: 3

Premium Essay

Computer Shopper

...situation there are many pros and cons. The pros to this situation would be one you still have everything on the DVD but you have to put it all back on the computer. This would affect someone who has had the computer for a while because they may have more information on the computer to that of a new computer. Just installing the operating system and formatting the hard drives means any applications they have on the computer are gone and would have to be reinstalled which could take a while or may not be available at the time they need them. If someone has had the computer for a while and just used it for the internet they would not be as bad off as say a student who has all his work on the computer. Someone who uses it for business could be affected very badly also. They would probably have a lot of work on the computer and may lose some of this work if they have to get rid of the operating system and would then have to hope they have it backed up somewhere and then have to put it back on the computer, which could take a long time. It would also be bad for say someone like an author who has saved all of his work on this computer because he may lose some of it and have to spend a lot of time putting it back on the...

Words: 261 - Pages: 2

Premium Essay

Freedom or Liberty

...think his own thoughts, and he was given by his creator the right to moral agency. Within his confined world, he had the freedom to make choices, either good or bad. We now have laws regulating everything. We are forced to wear seatbelts, to wear motorcycle helmets. Smokers can’t even smoke outside. Kids are expelled from school wearing t-shirts with colorful statements. The government wants to regulate abortion, child discipline, and free speech. If you spank your kids you can be charged with child abuse. We have gone from a foreign policy centered on defending our boundaries to one where we engage in foreign wars around the world in an aggressive attempt to maintain an empire. Because of the supposed threats to our country, we have authorized the government to spy on its own citizens. But freedom has a price. Our soldiers have gone to war and fought and died so that we can remain free. As we all know though, there is nothing in life that is derived from nothing of substance. So, the question exists what constitutes individual freedom when compared to the national necessity? Freedom always has a cost in the conceptual identity of absolute society. There is no doubt that when people are free bad things are going to happen to some people. If people are allowed to make choices, then some people will make bad choices. When you have freedom and liberty, you have the freedom and liberty to screw up. We as a people have to be worthy...

Words: 1145 - Pages: 5

Premium Essay

Repair Shop

...situation there are many pros and cons. The pros to this situation would be one you still have everything on the DVD but you have to put it all back on the computer. This would affect someone who has had the computer for a while because they may have more information on the computer to that of a new computer. Just installing the operating system and formatting the hard drives means any applications they have on the computer are gone and would have to be reinstalled which could take a while or may not be available at the time they need them. If someone has had the computer for a while and just used it for the internet they would not be as bad off as say a student who has all his work on the computer. Someone who uses it for business could be affected very badly also. They would probably have a lot of work on the computer and may lose some of this work if they have to get rid of the operating system and would then have to hope they have it backed up somewhere and then have to put it back on the computer, which could take a long time. It would also be bad for say someone like an author who has saved all of his work on this computer because he may lose some of it and have to spend a lot of time putting it back on the...

Words: 261 - Pages: 2

Premium Essay

Country and Entry Method in International Business

...THE BRATTLE GROUP Name of Student: Name of Institution: Date: Table of Contents Profile of the Company 3 A Country and Entry Method 3 Ok Fit Country 8 Bad Fit Country 9 Business Strategy 10 Information in the News Concerning the Best Fit Country 11 Conclusion 12 APPENDIX 14 References 18 The Brattle Group Profile of the Company According to Zhu (2006), the Brattle group offers solutions to complex economic, supervisory, as well as financial processes for multinationals, legal firms and state governments across the globe. The company believes that any important insights depends on working hard, respecting details, as well as follow the principles. When the clients face massive challenges, then Brattle group works hard to give clear and independent answers, while being transparent, as the truths are better than giving them false comforts that are created from opinions that cannot survive scrutiny. The truth is provided using relentless pursuit of professionalism, as well as quality analysis. The company was established in 199 under five principles that adhere to integrity and excellent performance in economic and financial consultancy. In 1995 the company merged with Incentives Research to become stronger through the merged expertise in the energy sector, where it opened an office in Cambridge (Phillips et al., 2011). According to Zhu (2006, the company has managed to expand throughout America and Europe serving more than 300 people...

Words: 3484 - Pages: 14

Premium Essay

Lala

...1. What is the business ethics issue that you can find in the movies? The movie Wall Street represent of bad morals and bad business ethics in the world of business.There are the main character that is Bud Fox by Charlie Sheen and Gordon Gekko by Michael Douglas.The business ethics issue that we find in this movie is, Gekko does not want just a few tips on the stock market, he wants information of the sort that should be confidential, obtained by any means necessary, even if it involves using unethical and illegal methods. Desperate to advance in life, Fox agrees. One of his first job is to spy on Sir Lawrence Wildman and follow his next move. By following Wildman through New York, Fox founds that he is out to take control of a major steel company in Pennsylvania and informs Gekko who breaks the news to the press and then and buys the shares. He continues to curious information, going as dressing up as a cleaner and breaking into the offices of lawyers and businesses after work in order to gain necessary data.Bud Fox believes that the Bluestar Airlines can be move on and will be success. 2. What is the business ethical dilemma for Bud Fox and Gordon Gekko’s are facing that depicted in the movies? Things seem to be going well, but then Fox learns at a shareholders meeting that Gekko has indeed double-crossed him and in fact intends to sell off all of Bluestar's assets leaving Carl and the entire Bluestar staff unemployed once the stock peaks at it's price. Fox himself...

Words: 827 - Pages: 4

Premium Essay

Hello

...music. Three months into playing the guitar, I was in the school Banduria - and my Apo was actually able to watch the banduria's recital with me proudly plucking his gift guitar. Ah, the good old days. Anyhow, back to the Lumanog guitar thing. Since I was quite determined to get a local guitar that I can have lying around the house - a guitar I can pickup anytime to just strum out melodies and ideas buzzing in my head - I decided to trek to Sta Mesa Manila and get one. But heck, I checked out five shops and the quality of the "Lumanog" acoustic guitars there were simply horrendous. These are the plywood type guitars painted blue and red no different to those hawked on the streets. Their best guitars with the nice wood tops were not as bad but were not good either - really messy worksmanship on the outside and inside. No Sta. Mesa "Lumanog" acoustic guitars for me. The perfect opportunity to score an authentic Lumanog guitar presented...

Words: 1452 - Pages: 6