Small Business Management Essay

Decent Essays
March 23, 2014
MG354 Small Business Management

My Strengths and Weaknesses in Running a Small Business Running a small business would be both a wonderful retirement gift and a scary post-military venture. Becoming an entrepreneur would be, for anyone, a dream come true, but jumping into the small business world without a plan, education or experience to do so would be a hasty entrance to the business world. A thorough review of my education and my experience to develop a possible jump into the small business world would definitely be a worth-while venture! So to begin reviewing my strengths and weaknesses in running a small business, let’s first review my education and try to identify those classes that I have taken that
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Being socially responsible can help to ensure good standing, but understanding the numbers of small business management will help to make the business thrive. My undergraduate major from Hawaii Pacific University in Honolulu is in mathematics, understanding numbers and being able to translate figures, percentages and analyzing figures and reports. Being able to make estimations on business projections, using the statistics that comes with business ventures will help with the decision making that will be required to run and oversee a business. By being able to interpret numbers and applying sound management skills learned from Management class I should be able to establish the objective of the business and allocate the resources necessary to achieve a perceived outcome. By following the basic management functions of planning, organizing, staffing, leading and controlling I will be able to, at least in theory, oversee the daily operations and run my own small business. These objectives correlate directly with my chosen career in the United States Air Force of leading personnel on a day-to-day basis. Leadership is the art of directing and channeling employee behavior toward the accomplishment of the company’s goals. Using the leadership skills I have learned over the past twenty eight years will assist in running a smooth operation, being
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