Research Strategy
Jo Ann Thiede
University of Phoenix
Foundations for General Education and Professional Success – GEN/200
Kelly Sanderson
March 2, 2009
Research Strategy The biggest problem which has been encountered with the planning of a start-up business is the financial requirements. Research has determined it will likely result in attempting to obtain a grant or a small business loan. While a number of the websites visited promise an immediate guarantee of a grant, how can a potential new business owner know for sure what is written in the fine print? Never having applied for any type of grant creates a sense of apprehension and uncertainty with regard to the process. Gathering information from the Small Business
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The Official Business Link to the U.S. Government also offered information from the Medicare website (medicare.com, 2009) and start-up resources for minority and women-owned businesses which has valuable relevance to my research (medicare.com, 2009). For the purpose of investigating a small business loan, the next website researched was the U.S. Small Business Administration (sba.gov, 2009). U.S. Small Business Administration provided useful material much like that of The Business Link to the U.S. Government with respect to the various planning and execution of steps toward developing a business. The marketing and advertising section included additional data not found on the other sites (sba.gov, 2009). It demonstrated ideas for promoting a new business through the various types of media including the internet format. The Small Business Administration website (2009) also offered a number of training classes and programs, such as planning a new business, preparing the loan application, filing the appropriate taxes, and business
* From the e-Activity, debate the role entrepreneurship plays in America. Next, determine three to five potential advantages and challenges that entrepreneurial ventures must consider. Justify your response.
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
After gaining enough knowledge on the types of business structure, business owners can proceed to the process so that their plans of owning a business will turn into reality. After reading several resources, the process will be divided into five stages. The first stage is the planning and research. This involves developing viable business ideas, knowing the target customers and possible competitors, searching for the right location, thinking what will be the business name, and marketing strategy. In this stage, a business plan should be made. Business Link (2016) refers, “business plan as a document that defines why you’re in business, your goals, and how to achieve those goals and it also covers all major aspects of the business, including
The U.S. Small Business Administration was founded on July 30, 1953, and has delivered millions of loans, contracts, counseling sessions, loan guarantees, and other types of assistance to small businesses. Even though SBA was formally created in 1953, its philosophy and mission began to form years earlier in other agencies and began largely as a response to the pressures of the Great Depression and World War II (Business, 1988). These events caused mass hardship on the economy, and the best way to promote it again was through small business. The Small Business Preference Program was created to guarantee that small businesses received their fair share of contracts for federal government services and supplies. The intent was to help strengthen the economy by allowing small businesses to get a portion of the property government sold as well. 23% of all Federal-contracting dollars must be awarded to small businesses, and specifically, 5% to women-owned small businesses. There are many different types of small businesses, and each receives a portion of the contract the government gives. The WOSB Program became effective in the FAR on April 1, 2011, and is one of the types of small businesses that are given preferential treatment (SBA.gov).
Starting a business means involvement of lot of funding no matter what type of business it is. Business start up loans grants are very helpful for those who wish to start their own business but lack proper funding to launch them. If you have a good business idea and you have also surveyed the market to foresee the future of your business, you can apply for these loans or grants. The first thing is that whether you believe in yourself and success of your business idea or not. Your belief will get more weight if you take a genuine survey of the market and find out what could be the future performance of your business type. Once you are sure about the success of your business, you need to make a good business plan. This is one of the important parts when you have decided to apply for the business grants. Also, search for the grants that are capable of fulfilling your business needs and will help you accomplish them. There are various organizations that offer grants for new businesspersons along with the government agencies. Make use of all the resources and research the availability of the grants. Apply for all that you qualify increasing your chances of getting approved. Finding the right grants is the most important step and you should invest some time and effort in this. The main intention of business start up loans grants is to provide necessary moral and financial support to new entrepreneurs so that they are able to get back to their feet and start earning their living.
Woeste, L. A., & Barham, B. J. (2007). Undergraduate student researchers, preferred learning styles, and basic science research: A winning combination. The Clearing House, 81(2), 63-66. Retrieved from http://search.proquest.com/docview/196879481?accountid=35812
* From the e-Activity, debate the role entrepreneurship plays in America. Next, determine three to five potential advantages and challenges that entrepreneurial ventures must consider. Justify your response.
1. Review the benefits an entrepreneur might seek in starting a new business. Which benefits are most appealing to you? Why?
ABC Learning Academy aims to prepare its students to excel as young leaders of tomorrow by combining an exclusive collegiate-based curriculum tailored specifically for children with enhanced, first class child care services. Unlike our competitors, we offer advanced technology programs, after-school tutoring and activities such as arts and crafts, dance, theatre and
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.
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Finding the money to start their small businesses is usually one of the first problems that entrepreneurs face. For most people, this process can be hard and very frustrating. What makes this process frustrating is a combination of wrong expectations and