My Own Business At The Business Field

Business environment is all about the combination of internal and external factors that may influence a business’ ways of operating such as: clients, suppliers, its competitors... stakeholders decide to start a business for many reasons: to pursue an interest or a hobby, mainly: to be their own boss. In other terms, people think that being your own boss, mainly as a sole trader gives you many opportunities although there are drawbacks as well. They also have interest in business they want to be successful.

When you start your own business you would want to do something for the community like people who don’t have a job etc.. When you’re your own boss you will help other people create a business like yours or even help to get a job.

First of all, why would you want to start a business in the first place? Most people think that the reason for starting your own business is so that you can make a lot of money and retire rich. This is a great idea but it is not the real reason that people take the risks of entrepreneurship.

Owning your own business is just about every person dream. To be one’s own boss and have the control, to make the money, the have the power, but to be able to make a positive impact one not only the community but individuals is a great way to be a truly successful businessman. To know that you have helped your employees to succeed and to make a great impact in them a person that is the kind of boss I want to be.

If you start your own business there are many benefits but if you do not know what you are doing, you will fail. You must have a motif, a passion and be willing to sacrifice in order to do what you have to do. Having a business has many benefits like having the ability to fluctuate your hours, building relationships, sharing your knowledge or products. But managing a business is not easy it takes a lot of hard work, dedication, and consistency. A business could make millions one year then be bankrupt the next because the economy is not always the same. You must be able to manage your money well because you must have capital to buy inventory whenever needed, while maintaining a budget to support your family, and to put money away for retirement. Because you could have one really good month but then next month could have no consumers. So your business must be your

Quinte MRI, Inc. is a small international provider specializing in a variety of medical technologies including MRI. Quinte MRI’s founder, Dr. Syed Haider believes that the residents of smaller communities deserve the same level of health services as the residents of the larger urban centers. Quinte MRI is experiencing difficulty in meeting the expectations of 2 scans per hour. As a result, productivity is declining and they losing the referral of many of their colleagues. The process is creating a lot of variability and uncertainties that Quinte MRI are dealing with. Solving the issue of the “bottleneck” will make the operation more effective and manageable.

6) Pricing- Setting prices is a critical decision in implementing a retail strategy because prices are a critical component in customers’ perceived value. In setting prices, retailers consider the price sensitivity of customers in their target market, the cost of the merchandise and services offered competitive prices and legal restrictions.

When starting your own business there are many advantages, these vary from being your own boss, which means you are able to make your own decisions which is very convenient because everything you say goes.

There are many advantages and disadvantages when owning your own business. When you own you own business, it’s known as a sole proprietorship. But with any type of business, there will always be advantages and disadvantages.

Everyone dreams about quitting their day job and moving onto something more fulfilling. Even those that are in good paying gigs, are still dreaming of a day when they don’t have to wake up early and punch in the clock. If you are one of the millions, then you’re in good company. There are several ways that you can say goodbye to your boss and strike it out on your own, and starting a business is one route to do this. The allure of starting your own company may sound appealing, but there will be a lot of road blocks ahead of you. Even if you’re looking at starting a business online, you will need to traverse several paths before you make your first buck.

Rather than working for a company, they are branching out into becoming entrepreneurs and becoming their own boss. As this trend is growing at a fast rate, it is time to look at its advantages and disadvantages. Let’s start first with the advantages; First, it gives a great amount of freedom. When you have your own business, you will be able to make your own demands and set your own schedule, you dictate everything you do. Second, it can be exciting. When you have your own business, every day will be fun, enjoyable and filled with determination and skills. Third, it allows you to set your own earnings. The work that you do would be for something you own, which can be a huge advantage compared to when you are working as an employee for a certain company. Fourth, it offers flexibility. When you own a business you schedule your work and be able to have a quality time with your family. On the other hand, the disadvantages are; First, it dictates you a huge amount of time. Entrepreneurship is not easy, and for it to be successful, you have to take a level of time commitment that many people are just not willing to make. Second, it can be difficult to compete with other business. When you own a business, your business must be different in order to be profitable, and to have a solid customer base. Third, it does not guarantee 100%. Fourth, it comes with unpredictable schedule. Being an entrepreneur requires more amount of time and effort than being an employee (8 Advantages & Disadvantages of Entrepreneurship,

Becoming a business owner is one complex process one could undertake since aside from discovering a person’s self and entrepreneurship spirit, one needs to understand key business practices, importance of business models and how to position a start up business in a competitive advantage.

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

QUESTION: What evidence is there to prove that the Africans, who arrived in the British West Indies between the years 1655 and 1807, were ill-treated?

Same sex households are now acceptable in human society. There were fewer controversies on it compared to the issues years ago. The modernity of the world and the development of the technology might have brought effect on it. According to a census report from America, the percentage of same – sex households are scattered at New York, San Francisco and Los Angeles whereas the highest fraction goes to Asian-Asian partners and Asian-Black partners ranked the lowest.