Starting a Small Business

2009 Words9 Pages
Starting a small business is often one of the hardest things a person can do. Some people start a business out of pure fascination, or even as a hobby. Whether starting a business for personal reasons or simply the grandeur to make loads of money, everybody needs to have a plan. Starting a small business is no easy task and can take days if not months to prepare. The most important aspect to have is the tempura and heart to start a small business, as without passion, no business can succeed. One has to be his or her own boss, make dream, reality and be willing to market and sell a product. It takes a lot of discipline, long hours and hard work, something many do not have. However with the right willingness, passion and dedication a business can be the start of something big. The first step in any business is to think of or create a business idea. Without an idea, one cannot launch their business off the ground. A right direction is needed to create a business with a unique idea. However, other options include franchising or buying an existing business (1). Franchising allows an individual to run stores such as Burger King or McDonalds under the corporate name. It involves taking training classes and a heap of money in order to start a franchise. A Franchisee will have to buy products and services from the corporate entity they are franchising from, which is often required. Buying a franchise is like taking a piece of the pie from the company that is franchising and sharing that pie with everybody else. In addition having a franchise allows one to communicate and in essence become a big part of an added business opportunity (4). Franchising is far from easy to start and maintain for that matter. Starting a franchise involves a l... ... middle of paper ... ...onclusion, registering a business is no easy task. To create a business involves a lot of time, effort and devotion towards building a company that might even take years to become profitable. With the right business idea, plan and financing one can lay the groundwork for a successful business. Works Cited (1) http://www.businesstown.com/gettingstarted/index.asp (2) http://sbinformation.about.com/od/bizopportunities/a/startup101.htm (3) http://sbinfocanada.about.com/cs/startup/a/startownbiz.htm (4) http://www.businesstown.com/businessopps/franchises-procon.asp (5) http://tinyurl.com/6x77sd (6) http://ezinearticles.com/?5-Remarkable-Benefits-to-Having-a-Business-Plan&id=1088224 (7) http://www.businesstown.com/planning/creating-plan.asp (8) http://businesstown.com/finance/money-friends.asp (9) http://www.go4funding.com/Articles/How-Startup-Capital-Works.aspx

More about Starting a Small Business

Open Document