Small Business Management Essay

Leadership - “the process of bringing about positive changes and influencing others to achieve worthwhile goals”. After three months of becoming an assistant manager, Len’s leadership skills have already been put up test. As an example, he effectively managed a customer who spilled hot coffee on herself while answering a call, and because of that, she was about to sue the restaurant. Len effectively calmed her down by offering the restaurant to pay for her dry cleaning. He demonstrated effective leadership skills and

Leadership is “the fusion of heart and mind, selfless action, encourage betterment of others, and to make a difference. It is the process of influencing

Leadership is the process of influencing people by providing purpose, direction, and motivation to accomplish the mission and provide organization. (FM 6-22, 2015) As a leader, we must communicate with our seniors, peers, and subordinates in order to accomplish the mission or goal. Listening to the details of the task or mission

Leadership, which is defined as “…The action of leading a group of people or an organization” is used in many different ways. Most people think being a leader is mostly about being the boss, having people work under you and just becoming successful, but it boils down to more than that. Leaders are those individuals that actually utilize their many abilities in leadership and administration to help make a better change for themselves, the people around them and the goal that needs to be achieved. Leadership is not an expertise that can essentially be grabbed from a book or article based on leadership but instead it is one of those initiative abilities that are increased through experience and understanding those real life situations.

Leadership is a process of role-playing in a capacity that serves a community by carving out pathways aimed toward the successful attainment of the organization’s mission.

Leadership is about being proactive and having the initiative to implement strategies, being able to manage change, building relationships with employees and being able to influence employees in a way that meets the organization’s needs (Clawson, 2012). Leadership is about being able to persuade employees to acclimate to the company’s vision by motivating them and encouraging them to embrace change when needed. It is about building relationships and bonds with employees while guiding them so that they are able to meet their potential. It is about making them feel responsible so that they feel like they are important members of the team. Leadership is about leading people it is not about dictating orders and responsibilities to others. It is about installing a sense of importance

For my project, I ran Coffee-Roma, a coffee shop located in the business district of a large city. My simulation ran for 60 days. Over this timeframe, I hired 7 employees and earned gross revenues of $89,984.20. From those revenues, my net profit totaled $14,046.83. Below are the details of how I attempted to best run my business.

Leadership is the ability or authority to guide and direct others towards achievement of goal without force that leaves them feeling empowered and accomplished. Besides, leader has a significant impact on ethical decision making. This is because leaders have the power to motivate others and enforce the organization norms and policies as well as their own viewpoint. Leadership involves establishing a clear vision, sharing that vision with others, providing the information, knowledge and methods to realize that vision, coordinating

Leadership is about helping people, empowering people, setting clear goals and motivation, while operating to accomplish the mission and improving the organisation.

From a young age I saw how the need for business knowledge was ubiquitous in almost every field. However, this became particularly apparent to me when organizing my debate team summer camp fundraiser. As president of the club, I had made it my mission to make this fundraiser, which was essentially run as a small business, a great success. I learned management tactics and conflict resolution through working with my team. Additionally, I became acquainted with facets of business like

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.

Small businesses were once the backbone of the United States economy. After a time these business owners expanded, merged, and bought other businesses. This historic business trend has created some the well know corporations we know of today. One example would be the development of Wal-mart. Today, small businesses operate in the shadows of “big box” stores. However, small business owners account for more than 90% of, but only less than 5% or 10% of the GDP, “gross domestic product.” As a manager of a large corporation or a prospective business owner it is wise to be knowladgeble of new competitors, state of the economy, and current management trends. There are trends today that will change everyone’s expecatons of small business

Organizations depend on the management and leadership skills of individuals in order to be successful. Leaders do not have to be managers but are equally important. Leaders are individuals who possess traits, behavior and abilities to influence others to accomplish tasks and other needed objectives for the company. Leadership is defined as “the ability of an individual to influence, motivate, and enable others to contribute toward the effectiveness and success of the organization. . . .” (House et al., 1999, pg. 184).

Over the years, a great deal of time, and research has been dedicate to the study of leadership. Even with extensive data on the topic, many still disagree on what leadership really means. Hence, leadership is a word that has many different meanings and different researched theories associated with it. On a basic level, leadership involves having and establishing a clear vision, sharing that vision with followers, respecting followers, and leading an organization with excellence while ensuring that everyone is part of the team. Leadership is also a method by which a leader uses his or her influence towards getting a group of followers to take ownership or buy into a vision.

The small business marketplace is extremely dynamic and the changes are fast. Here are some encouraging facts from the US Small Business Administration on small businesses. There are about 30 million small businesses in the United States and employ just over half of the country’s private workforce. They employ a staggering 40% of high tech workers such as computer professionals, scientists and engineers. More than half of the small businesses are home-based businesses and two percent of them are franchises. One of the most important aspects is the fact that a majority of innovations in the United States come from small businesses.