Discuss The Problems And Solutions To Setting Up A Business

Beginning a new business venture sounds like a easy task. All you need is a great idea, opportunity to select your team so you can begin to make some moves and find a few investors to invest in to this dream you have. Before you know it you are making a profit and moving onto a new location. Sounds easy but there is much more that goes into starting a new business than most people may know. To accomplish this, the business has to satisfy several objectives that exclusively add to the business. This paper will narrate some of the particulars of previous works from week two, three, and four with information such as the business and

Many people want to live the “American Dream”, and what better way to do that than to start a small business. Small businesses are incredibly important to the United States economy. Small businesses have been around from the beginning of the history of the U.S. and remain a large portion of the business community today. Small businesses are the driving force for job creation. Small businesses struggle to meet regulations set in place by the government and at the same time stay afloat in the U.S. economy. There are strict size standards set in place that make small business owners weary of expanding the amount of people they employ. Small business owners also struggle with offering healthcare to their employees. Small businesses try to stay ahead by introducing new and unique products. In an ever-changing economy, it is important to understand the impact of small businesses in the United States.

The purpose of this paper is to identify how different factors effect on the growth of small businesses. The growth of small businesses has been influenced by factors such as growth strategy, business forms, short and medium term goals, financing assistance, organizational structure and staffing needs, customers and promotion, and ethics and social responsibility. In this paper will to discuss how the different factors alter the advancement of small businesses.

The competition of retail market is really intense, even the small retail stores can pose a threat to a product line if they offer the good products with cheaper prices.

In general, people tend to lead busy lives. The smallest convenience can offer simplicity. Big Box stores are the epitome of convenience. These stores offer affordable prices and variety, seemingly taking the forefront of the shopping experience. Unfortunately, some consumers are driven by convenience alone and have overlooked the importance of small businesses. Consumers may be under the impression that Big Box stores have greater benefits as opposed to small businesses but a closer look will reveal that local merchants are the leaders in quality, customer service, and community involvement.

With the competition for jobs becoming more and more difficult, instead of applying for some and crossing their fingers that someone else doesn’t get the job before they do, some people are deciding to start their own small business. A small business is basically a privately owned company that is run by either a corporation, a partnership, or just a single person. Now, owning a small business comes with its pros and cons. However, the pros of owning a small business seem to outnumber the cons. So if I had the choice, I would be interested in owning a small business.

For the sake of space in this article we are going to assume that you understand the basic principles in starting and successfully managing your own business.

In the free market system all the businesses operate to attract the customer as it is customer’s choice where to shop and who’s product to buy. As soon as business and its products do not appeal to the customer, the business may come to the end of its existence. There are other reasons for financial problems for big and small businesses alike. The financial downturn; it affects consumers and businesses. Perhaps the business could sustain the competition or could not appeal to the consumer, the natural business process should take place and the strongest companies will survive. Government should

The rivalry in the online retail industry is very high. This is because the number of players in the recent years has grown. Secondly, traditional brands are also offering online sales giving further competition to these online retailers. The competitors of Amazon are eBay, Alibaba, Flipkart, and others. For Amazon, it`s not just these other giants that are giving it a though time; many small-scale retailers, brands, and online stores are also fighting it for market share (Dudovsiky, 2016). There are many online retailers that are specifically targeting particular products such as

Small business customers The level of service provided, fair trading practices. Local community The local communities where their branches are situated. Provision of regular employment, company officials in community affairs.

1.1 A plan for the collection of primary and secondary data for a given business problem

When starting a business one needs to adopt some legal forms so that the corporation can operate in the state legally. It is not easy to know the right title that commercial businesses need to carry, for that reason we must search all the forms and choose the right one that can progress for the business future benefits. It is important to know what we need to sell and the size of the operating company and know what to produce and how to produce the product. The company also needs finance, marketing sales, and support. Additionally, the business needs to protect itself from government interruption and foreign attackers among the competition. Therefore, when planning to create a business, an owner should have an idea of how to run the

Many small companies operate in monopolistic competition market structure, including independently owned and operated high-street stores and restaurants. In the case of

There are currently very few barriers to entry aside from the legal aspects of forming a business, purchasing the facility and obtaining and maintaining a customer base. We have a solid marketing plan in place to assist us in obtaining a customer base, and are seeing an investor to fund our purchase of the facility.

New and notorious companies are successful through online retailing and E-commerce, for instance Amazon online book store stores builder and Woolworths (E-enterprise). Companies use the fact that it is convenient for consumers’ use online shopping to their advantage to provide consumer satisfaction.