Creating, Financing, And Marketing A Business

1131 words - 5 pages

CREATING, FINANCING, AND MARKETING A BUSINESS

Creating, Financing, and Marketing a Business

William B. Smith

Dr. Robert Culver

Lithonia Campus

BUS 100

August 19, 2012

Strayer University

CREATING, FINANCING, AND MARKETING A BUSINESS

Pros and Cons
Individuals with the intention of starting a business of their own have several options to choose from in regards to what structure that will fit their needs. For instance, a partnership means that more than one person has ownership of the company. There are different variations of a partnership such as limited and general partnerships. One particular benefit to a business that is defined as a partnership is that the work ...view middle of the document...

Other options include loans, grants, outside investors, or venture capital (sba.gov 2012), SBA or U.S. Small Business Administration are more outlets individual can seek out for funding for starting the business. The “SBA (Small Business Association) has several programs available for business owners who may have difficulties qualifying for a traditional bank loan”. The SBA also provides a guarantee”This guarantee represents the portion of the loan that the SBA will repay the lender if you default on your loan payments” (sba.gov). There are plenty of state and federal grants to take a look at as well. For example, veteran's who are interested in starting a business, the Patriot Express Pilot Loan Initiative are available to them. The most important for a business owner to take into serious consideration is to thoroughly research all of their options in regards to financing and fully understand the repayment responsibilities before signing any legal document that is binding.

Managerial Accounting
Managerial Accounting deals with the management of inside information and analysis of a company. This information they provide to managers is vital for them to make important decisions, budgeting, and in house planning for the company. The general idea of managerial accounting is to allow managers to make on the finalized monetary reports. Product costing for example, deals with the total cost involved to produce a product or service. While Incremental analysis with a a more granular level of product introduction. In incremental analysis, managers need to know if the costs involved to put out a particular item is worth the companies time or if outsourcing that item might more cost effective. Budgeting allows the manager to set aside the right amount of funding for each area of production. Different components may change a company's desire to continue production of certain products of service or totally dissolve them (BUSN Textbook pages 111-113). Managers rely on the information that managerial accounting reports provide so they can make sound and logical decisions as to what direction to take the company.

CREATING, FINANCING, AND MARKETING A BUSINESS

Marketing process for an Search Engine Optimization Firm

There some companies that really do not understand the importance of SEO (Search Engine Optimization) when it come to marketing, promoting, and giving their business visual presence on the internet. In a lot of cases especially with...

Other Papers Like Creating, Financing, and Marketing a Business

Creating a Business Plan Essay

5385 words - 22 pages be larger ‘regional’ dog groomers that could possible dominate a specific region/county of the UK. I believe that I will benefit from creating this business and so will the community that is within the surrounding/local area. A lot of people own a dog(s) as pets, with stats from 2013 showing that there are roughly 8.5 million dogs kept as pets within the UK (25% of households) (app 3). A huge amount of people love their dogs and love to care for

Creating A Business Essay

794 words - 4 pages The Plan to Success American InterContinental University Dr. Miedzianowski Doris Miller May 18, 2014 The Plan to Success Management for an organization is a key factor when it comes to business flowing smoothly. Employees are hired with the organizations standards taking into consideration, and the vision, mission, and service strategy are applied through direction and motivation. Management performance is a major step towards success

Creating A Local Business

593 words - 3 pages Creating A Business When thinking about Kingsville and all it has to offer it is easy to see it’s a primary target area for sportsmen. Twenty miles south is Baffin Bay Hallowed waters for trophy trout and redfish. Three of the past four state record speckled trout came out of Baffin Bay’s hyper saline waters. Making it a bucket-list destination for sport fisherman around the world. Kingsville is also home to the most famous hunting ranch in

Business 375- Creating a Methodology

708 words - 3 pages Creating a Methodology Stephanie Birth Professor George Dollar BUS 375 Project Management October 19, 2014 A project management methodology is a framework designed specifically for a project or client, as described in Kerzner (2013). The portions for each specific project are as needed from the templates, forms, guidelines, and checklists of the already established framework. Corporate culture is the organizations visions, values, norms

Business Financing and the Capital Structure

1089 words - 5 pages Being a financial advisor to a business takes some preparation. I will need to outline the goals of my client, long term and short term and come up with the best advice I could give with regards to raising capital for the business. The main sources for raising capital are through debt and equity. “Debt financing means borrowing money from an outside source with the promise of paying back the borrowed amount, plus the agreed-upon interest, at a

Creating a Business Urban Outfitters Case Study

1109 words - 5 pages Urban Outfitters Continuing Case Study: Creating a Business Steve Jobs Introduction to Business Professor Mariatta Lewis July 31, 2011 Urban Outfitters Continuing Case Study: Creating a Business Starting a business can be very challenging. There’s always a positive and negative side to it and it’s not always easy. Entrepreneurs and business owners will always over come different challenges when setting up a business. Finances

Pricing and Creating a Plan

2756 words - 12 pages Christina Bowman American Intercontinental University Unit 4 Individual Project MKTG 205 – Principles of Marketing May 20, 2012 Abstract This paper will talk about the marketing strategy, the pricing strategy, and the distribution channels of the product Xtra. This will combine everything that has been taught about marketing though out this class. PRICING and CREATING A PLAN Introduction Marketing is to produce and to provide a product or

Marketing a Business

847 words - 4 pages Urban Outfitters Continuing Case Study: Marketing a Business Robyn Miller Professor Marietta Lewis Business 100 August 28, 2011 Urban Outfitters Continuing Case Study: Marketing a Business 1. Explain why Sears or Wal-mart cannot effectively create a trendy counterculture image. Sears or Wal-Mart cannot effectively create a trendy counterculture image because Wal-Mart, for instance, operates on a high volume low profit margin and

Are Writing Deficiencies Creating A Lost Generation Of Business Writers?”

3980 words - 16 pages Are Writing Deficiencies Creating a Lost Generation of Business Writers? ZANE K. QUIBLE FRANCES GRIFFIN OKLAHOMA STATE UNIVERSITY STILLWATER, OKLAHOMA ABSTRACT. Business professionals and instructors often view writing skills as one of the most important qualifications that employees should possess. However, many business employees, including recent college graduates, have serious writing deficiencies, especially in their ability to use

Urban Outfitters Continuing Case Study Part 2: Creating A Business

665 words - 3 pages Urban Outfitters Continuing Case Study Part 2: Creating a Business Anna Hall Dean Carol T. Williams Introduction to Business – BUS 100 July 26, 2010 Creating a Business There are many challenges when starting up a business such as lack of funds, finding the right location, and establishing a customer base. Funding a new business can be one of the biggest challenges because most people do not have enough money saved up to start a

Marketing and Business Plan

537 words - 3 pages strategy. By laying out plans, it will set out a clear objective and explains how you will achieve them. You can define your business well if you have a written document that details the necessary actions to achieve your marketing goals. A marketing plan is considered a part of an overall business plan

Related Essays

Creating, Financing, And Marketing A Business

1206 words - 5 pages Creating, Financing, and Marketing a Business Creating, Financing, and Marketing a Business Heather Stalder Strayer University Justin Ndwiga Business 100(Mini) Creating, Financing, and Marketing a Business One of the easiest ways to start a business is to create a partnership; creating a partnership when forming a business has several advantages and disadvantages

Creating, Financing, And Marketing A Business

1297 words - 6 pages Creating, Financing, and Marketing a Business 1. Identify the pros and cons of the partnership as a form of ownership. Forming a partnership can be rewarding as well as taxing in many different ways. With a partnership, as compared to a corporation, you can start up fairly easy. Most everything from, what your product will be, to pricing, advertising, marketing and more will be decided by you and your partners. Forming a partnership vice

Creating, Financing, And Marketing A Business

1158 words - 5 pages honest to get a loan from them requires too much of a hassle. The lender wants you to fill out a lot of paperwork and the approval wait time is ridiculous. If you are under a certain time restraints this could be a major downfall. You must also have 25-30% down payment money because they are not going to give you 100% financing. It is a good thing that entrepreneurs can reach out to the Small Business Administration (SBA) for lending assistance

Creating A Business Essay

1302 words - 6 pages with age and savings. This lack of funds also limits business plans. Entrepreneurs will not be able to put together a substantial marketing plan or hire employees with a lack of capital, and without a marketing plan it will be extremely difficult and frustrating for the business to grow at the rate the entrepreneur might be expecting. Time management is another key challenge in starting a business. With everything and everyone depending on