Essay On Startup

Because the world, today, has come to a point where thousands of businesses spring out like mushrooms every year, while thousands dissolve like grains of salt in a glass of water. According to Small Business Association, 627000 new startups open each year.

Every business owner needs passion and determination to make a business work. You need to anticipate what comes next and know the

The race of getting up at the same time every day, fighting rush hour traffic on the drive to and from the office, doing the same job at the same place day after day and having little time to spend with family can become a grater. By becoming an entrepreneur, you may have the luxury of creating a flexible work schedule that allows you to attend to many other things by schedule. If you choose a business venture that allows you to work at home, you can avoid the work going back and forth altogether.

There's something exciting about operating your own business. However, experts cite that nine out of ten startup businesses are doomed to fail. The most pressing reason for failure from that study was the product being manufactured. A close second, however, was financial mismanagement.

What advice would you give to any upcoming entrepreneur or individual’s that’s on the verge of working in the business world?’

Being an entrepreneur is a very laborious task, but there is an abundance of advantages. First, I will have the opportunity to make more money than I would have if I stayed at my previous occupation. Second, I would be my boss, and make all the decisions when it comes to anything, which I couldn’t do previously.

Subpoint 1: The management team consists of individuals with diverse backgrounds and experience. They all have at least 10+ years experience in their respective field some of which have worked for Google, Raytheon, and Apple. Several of them have PhDs, and a few others have created their own startups in the past. The entire management team seems to have a proven track record of the responsibilities that are needed for a startup.

In short: if you don’t know your startup inside out then you might as well just walk away now.

We’re fortunate to be living in the age of the technological gold rush. Every day, more and more individuals are leaving their jobs to either join or found their own tech start up or become a key member of one. Graduates are no longer waiting for employers to offer them jobs, they’re creating them, most importantly, and the new age entrepreneur is glorified through articles, shows and featured films. Simply put, it’s cool to be an entrepreneur.

Since startup companies tend to have smaller teams, everyone in a startup is expected to wear multiple hats where each individual are given more responsibilities. I was forced to step out of my comfort zone to adopt new skills and be involved in the end-to-end process of designing digital products. For example, when I was working on redesigning the company website, my product manager gave me the responsibility to lead the project from the earliest discovery meetings with the team, through UX and wireframing process, to branding, UI design and development of the website. It was challenging and tiresome, but I am sure I accomplished more projects and took on more responsibility faster than if I were in an entry level job at a larger company.

secretary of education states that “high-quality education" that encourages "creativity, imagination, and ingenuity’”. It is true that thirty percentage of startup business failure reasons of “unbalanced Experience or Lack of Managerial Experience”, followed by “lack of Experiences in line of goods or services” is about eleven percentage. Interestingly, company competence occupied the highest rate of failure of 46% (Statistic Verification, Entrepreneur Weekly, Small Business Development Center, Bradley University, university of Tennessee Research). In addition, successful entrepreneur usually possess “highly motivated and willingness to take initiative to execute duties” and have appropriately responsible to their activities, decision, and company’s outcomes.

Starting a business is the latest trend. Just take a look at Instagram. Several profiles have the caption ‘Entrepreneur’. At this very moment, there is someone, somewhere working on an idea, a business plan or launching a startup. Entrepreneurship is on the rise like never before. The flexibility and independence that comes with being one’s own boss is attractive and worth taking the leap in starting a business. However, most people don’t know that being an entrepreneur is a grueling journey that can be very lonely and stressful at times. According to the Small Business Administration (SBA), 50% of businesses fail during the first year. Starting a business can be a scary task, but the

Entrepreneurship is an attractive career choice. Most of people think of creating a new business, they think of beginning from scratch, developing your own idea and building the company from the ground up. But starting from scratch presents some distinct disadvantages, including the difficulty of building a customer base, marketing the new business, hiring employees and establishing cash flow, all without a track record or reputation to go on. Therefore, there are many decisions to be made before creating a new business (Rajiv Kumar, 2016).

“What started out as conversation between friends on a night out in 2012 turned out to stimulate a growing business of exciting and creative services in the U.K.”

. All of us have a lot of ideas about the things that we think about; most of the time we do not even recognize how millions of ideas got through our brains. Even now, when I typed this sentence, it took a while for me to come up with an idea and put it into words, so that all the readers get exactly what I want them to understand after reading my writing. We use our ideas everywhere, since it is something that lets us process and understand the information that we already own and get the best result that is possible. People use ideas as their tool to make a right decision, and as we all know, we have a lot of decisions to make in our life. For me, the right idea is a treasure surrounded by