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Business Case Study

Decent Essays

What I know
When it comes to business, especially when it comes to starting one, I tend to think I know it all. Yet in reality, I don't really even know how to get started, enough to make a business efficient, or even get the doors open enough to make the first dollar. When I first think of working/operating a business, I think of no boss but myself, the rules are made by me and no one else, and that seems like a great plan in my eyes. As well as having all company profit coming directly to me, and I get to decide what happens with it. Although I know there is more to it than that, there is forming a budget, working with customers, knowing when to expand, and when to coast through. I also know that in the world of business, that if you …show more content…

Another key area that is elaborated on in the plan, is a company description which lays out and explains what will happen at the business, what it will sell, produce, etc.. Along with elaborating on description, it also goes into detail how the entire operation will be funded, and if any aid is needed in the process.
With the first step being planning, I found the next nine steps really rely on how to execute the plan and what to do with the ideas written in the plan. I discovered the next step is getting schooling and training. With companies popping up every day, it is important that if I start one, it is being set up to the best of my knowledge, and with schooling, it would greatly improve the odds.
The third most important step in starting a business is, along with a lot of things, is location and environment. The setting I would get to work in, is up to me, and choosing it is very important. Getting stuck in a crappy office with no air, and having to deal with issues, would not make the work environment very pleasant. Along with environment being very important, I also learned it's all about location, location, location. In the world of business, the location is everything. If a retail store is in a bad neighborhood, then not too many are going to go shop there, but if it is in a nice

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