Entrepreneurial Leadership

‘Herewith appear to be the most pressing matters; one, infective and inexperienced entrepreneurial leadership. Two, the dialectic nature between front of house and back of house, and three, a lack of general training motivation and direction in original concept.’

After gaining enough knowledge on the types of business structure, business owners can proceed to the process so that their plans of owning a business will turn into reality. After reading several resources, the process will be divided into five stages. The first stage is the planning and research. This involves developing viable business ideas, knowing the target customers and possible competitors, searching for the right location, thinking what will be the business name, and marketing strategy. In this stage, a business plan should be made. Business Link (2016) refers, “business plan as a document that defines why you’re in business, your goals, and how to achieve those goals and it also covers all major aspects of the business, including

The United State Small Business Administration was established in 1953. It states in its mission statement that it is an independent agency of the federal government used to aid, counsel, assist and protect individual small business. The S.B.A. helps preserve free competitive enterprise, which in turn helps our national economy to continue to grow. The agency does this by offering numerous initiatives to help small business owners to start and be successful with their business. They provide online training courses, provide information on loans and grants, and provide information on local S.B.A. offices. Information is also provided for disaster assistance and also helps locate people for mentoring and support.

At the Business Academy, we will be doing workshops and training on how to build a business. If you have every wanted to know what

In today’s global market place economic stability may be challenging, especially for small business. As a resource there is assistance available through extensive networking and partnerships with both public and private organizations. SBA will assist, counsel, aid and protect small business in the United States, Puerto Rico, the U.S Virgin Islands and Guam with their concerns and interest. Therefore, the SBA aids Americans as they start, build and grow their business.

The BUSN 5000 online course by Webster University is well paced work load for people working full-time who wants to further their education. I like the fact that the course provided additional information and insight that is not well covered in the textbook such financial statement tutorial, pricing strategy, and business plan information. And of course, I like the fact that we are able access the course anytime and anywhere. The business plan project was challenging, but I learn a lot in the effort and thought process that must take place in a business plan. I think the business plan will serve as good future template someday for the want-ta-bee entrepreneur in me.

When considering to form a new business the ‘Starting a Business’ within the Starting & Managing tab is the first and most important place that every individual should start off at. The section helps ease the decisions that are involved in starting a business, most importantly it prompts the reader a reality check to see if starting a business is right for them, ultimately saving time and money. In addition it outlines the whole business structure from writing a business plan and choosing a business structure that will property fit the plan, the process of registering a new business, the physical location, laws involved, business financials and hiring employees. This while information should be known by individuals who plan on starting a business with the hopes of longevity and

Numerous large businesses that are operating today were once started as small businesses. A new business is established to create a good or service that no other businesses have ever created or simply a product of higher quality than existing products, with the purpose of meeting customers’ needs and earning profits. Due to the technological advances at the present time, starting and operating a new business is less laborious. Nevertheless, would-be entrepreneurs should be familiar with the proper approaches to start their businesses.

At the earliest stages of the creation of a business or organization, important decisions must be made about its ownership, profits, and its structure. Business coaches are available to help business owners make these decisions. A business coach will understand the best way to set up a business so that it is more likely to enjoy success in its early

Leaders have several responsibilities. Among these, is the ability to plan, solve problems, and make goals that will help execute the vision of the company. The process for determining goals and putting the plans into place to reach stated goals, involves a variety of steps. Asking the correct questions, identifying issues, and brainstorming are all options available for creating goals that will carry out the vision of the company. Ensuring we ask the right questions throughout each of these steps is a vital role in the success of establishing effective plans and goals.

It seeks to improve financing, provide assistance in the form of training to local enterprises and micro, small and medium-sized enterprises (SMEs) and to reduce the cost of doing business. The initiatives undertaken by the BEDB and other government ministries and agencies to promote local business development include various grant, subsidy and loan schemes; investment funds; training programmes, and advice and information

Terry J. Phillips is from the small town of Bay Springs, Mississippi. He graduated from Bay Springs High School and then went to ……….. to play baseball. He furthered his education and graduated from The University of Mississippi School of Pharmacy. After college, he moved back home where he is now a part owner and operator of Standard Drug Store. Standard Drugs has been in Bay Springs since the early 1980’s; however, Mr. Phillips did not buy into the company until 1998. Mr. Phillips and his two business partners employ, but most of all lead, ten others to provide the city of Bay Springs with high-quality healthcare.

Back in early 2008, I was the happy advocate of starting my own business, an information technology (IT) consulting firm. It was a partnership that focused on small computer support, network engineering, network design/implementation, computer training. Our marketed tag-line was to provide proactive enterprise-level IT management and support to small businesses at a fraction of the cost. I was very anxious and eager to learn about business, so I did vast research and internet searches on traditional business plans, visited business incubators, spoke with the local Chamber of Commerce, and had conversations with other small business owners.

Therefore, developing businesses end up creating a fragmented business structure made up of several separate programs that handle finances, inventories, sales, payroll and more. However, recent technological advancements have opened the door to more practical small business solutions.

Whenever you see a successful business, someone once made a courageous decision, (Goodreads, 2016). When Martin Thomas stated the organization, Devise Products Unlimited (DPU), her certainly took a challenge. Starting out of his basement, 30 years ago, he has built the organization by acquiring several competitors’ businesses (CSU, nd). But how did he make these decisions as he made progress? Were there times he had to make decisions that he struggled with, and how did he overcome them? Was he always successful?