Michelle Phan

Starting a business, one may ask some questions to evaluate his or her ability to run a business successfully. An owner needs to question the finances, the challenges, the strengths, and weaknesses. First, the owners need to know finance: how much capital to startup business, what loans are available based on the business plan and financial statements, and how to keep up with profits and losses to determine the future of the business. Besides determining capital, the owners need to know what challenges they will face. Writing a well-executed business plan is the first challenge and important because it is a guideline to start business and to show lending institution or to attract investors for the business. Also, owners need to think who ideal customers are and who they can target to make a successful marketing strategy. Moreover, they have to think about their competitions because no business operates without competition whether it is direct or indirect. The competition has a significant impact on customer’s buying decisions. In order to compete with their competitors, they have to know their strengths and weaknesses: Are their products unique? Is the product better than the competitors’? Is the price

“It is now very clear to us that you cannot run a business half-heartedly. Clear, good decisions cannot be made at the last minute; time and energy must be put into every decision in order to do well in the business world.”

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

1) Make a definitive decision to succeed. What else can be said about this business success tip? You need to decide that losing isn't an option. I recall listening to my high school history teacher talk about how the Vikings prepared for war. They prepared with that no lose option.

to work a little harder to make sure that you've developed, and presented, a realistic idea of what it will take to make your business

Phillipa Soo is perhaps best known for originating the role of Elizabeth Schuyler Hamilton in the Broadway musical Hamilton, a performance for which she was nominated for the 2016 Tony Award for Best Actress in a Musical.Soo was born to a Chinese-American father and a European-American mother. In an interview with The Hollywood Reporter, Soo spoke about her upbringing "my dad is first-generation, so his parents were from China, and my mom was born and raised in southern Illinois, and she was involved in the arts. My dad's a doctor. I was very much always encouraged (to pursue an acting career), but the mentality of 'get your education' was still there."

Lady gaga is one of the most recognized people in the entire world. Ever since the release of her first #1 single Just Dance in 2008; she became one of the biggest pop stars in the world. Following her first hit single she released a record called “The Fame” which then went on to release three more #1 singles and sold 15+ million albums worldwide, making it her first and only diamond hit record. After the huge success of her first album Lady Gaga went on to continue to sell four more albums “The Fame Monster”, “Born This Way”, “Artpop”, and her newest one “Joanne” and she went from 15+ million albums to 30+ million albums worldwide. At the age of 30 Lady Gaga has accomplished so much that she was nominated for over 450 awards and won over 200

After she showed up, this magazine sells among her fans like hot cakes not only her fans but the other people also became her dye heart fan. No doubt she is blessed with a model figure, though she also works hard for it.

In order to start my business the next steps I will need to take include: (1) design ideation and development, (2) creation of shop drawings, (3) building of prototypes, (4) development of the brand, (5) creation of the website, (6) establishment of online presence, (7) production of commissioned pieces, and (8) amassing of capital.

In the journal, “From Founder to CEO: An Entrepreneur’s Roadmap,” by Joseph Picken, he outlines entrepreneur characteristics, specific obstacle’s most experiences and mainly how he got to where he is. Out of eight specific hurdles, the first one is setting direction and maintaining focus. The first step entrepreneurs have to undertake is launching their startup. However, before doing that they need to have a clear understanding of their goal and establish an exact direction. Which includes, who they are targeting, what are they offering, value proposition, their model and key milestones (Picken 2017).

I have chosen to do my research in small business. I want to know what it takes to build a successful business. What are the skills needed to start a new business? What are some of the steps to building a business model and plan? I am working on getting my degree in business. I am a general manager and will be soon help the company expand in opening two new stores in the next few months. This is something that is exciting to be able to expand the brand. This experience will help me when I am ready to own my own business. I know a small business is a big responsibility. As an owner, one has to dedicate lots of time and money to grow the brand and create customer loyalty. I know that simply being in love with an idea or product produced is not enough to survive in the business world. What are the key elements of a successful business? I want to learn more about creating a successful business plan and the logistics it takes to start a small business. I want to learn as much as possible about becoming an entrepreneur.

A business has to develop a plan to establish a successful new venture. The ability of an entrepreneur to establish a new venture is dependent on some basic necessary skills. These skills include the ability to identify a niche in the market and to develop a product and/or service that fill the need. The success of the business usually creates the next set of challenges and problems to move to the next stage of the business venture. The business has to stay focus by using developmental tasks to have long term success.

The first step to a successful business is a right choice of an industry. This is a start point for any entrepreneur before starting business itself. First of all, we should look on this choice in two ways: 1) do you see yourself as part of this industry, will it be interesting for you and do you see yourself successful in this industry, and 2) how successful is this industry nowadays. According to Mintigo President John Bara, “Successful companies tend to be geared towards rapidly-growing industries like software and Internet, computers, financial services, and healthcare. Twenty-four percent of the companies on the list (talking about the 5000 list of the fastest-growing companies according to Inc. magazine) in America are in business services, while 20 percent are in software and Internet.” (Rampton), but in the same time you should remember that it does not matter how successful industry is, if you do not see yourself as part this industry.

|Ensure that the business is |Ensure people are well motivated and |Continual need to innovate |Focused on underpinning the |

I will start this business with 1000,000 so I have made a table for the budget cost to be able to calculate the once paid expenses and the monthly expenses, the once paid expenses like the place as I am planning to buy the place not to rent it, half of the equipment will be immediate payment and half of it with installments so here I have some money to be paid every month and the salaries of the employees, electricity and sewages fees and the country development taxes that should be paid too. But finally what is essential for me is to achieve a profit that covers my monthly fees and to cover gradually the capital paid in the startup process. The fourth stage is the team or firm. People are essential to the success of any organization so while choosing them I have to choose the right people with the right capabilities and skills to be able to turn the idea into reality so I have to provide them with the needed facilities and equipment that they can work with it and a good place to work in it. Finally the last stage of the completion business chain is market. The market is a very important point for any business not only for a start up one. That I have to choose the right market to compete in it as my idea is uncommon as people always wants a shop which sells glasses in different types and brand, but here I’m mixing between the regular shop and the technology of glasses and lances, and this mix can attract more people with