This website uses cookies to ensure you have the best experience. Learn more

Start A Business Essay

1928 words - 8 pages

First Things First
An opening check list is a great place to start. Remember that airline pilots are required to use a checklist before they take off!
Here are items you should have on your opening checklist. Add additional items that would be appropriate for your own business.
Do I have a one-year cash flow projection prepared to insure there will be ongoing liquidity?
Do I have the necessary e-commerce tools in place?
Are all insurance policies in force?
If I plan to sell on credit terms, is my credit rating policy in place to avoid taking on customers with poor credit ratings? (The last thing you need is to have customers who don't pay on time, and good ...view middle of the document...

Are the following elements of my business structure in place:
Is my accounting and bookkeeping system in place? Accountant selected?
Are my premises ready? This includes including having a signed lease and my tenant improvements completed.
Have all permits and licenses been secured?
Has the business name been registered? Check with my attorney.
Are computers, telephones, cell phones, fax and utilities operating?
Are graphics for advertising and promotional materials ready?
Is the website name registered and website on line?
Is infrastructure in place for e-business, if appropriate?
Are all security systems in place including protection of premises, shrinkage control and internal security?
Have I selected and trained the number of employees I will need?
Have I determined my personal work schedule?
Have I included my requirements for managers, consultants, independent contractors, agents and sales representatives?

Take time to recruit and then train your employees thoroughly in marketing skills.
Finding the good employee.
Most employers agree: the toughest part of being an employer is finding and keeping good employees. Begin your search for the good employee as soon as you decide that you are going to be an entrepreneur.characteristics you require.
Network: get the word out that you are looking for help.
Develop and maintain sources for building your workforce.
Consider family members, retired workers and students.
Your customers need to feel confident that they are dealing with people who are knowledgeable and helpful. Five characteristics customers like most when dealing with a sales or service person are:
Product or service knowledge
Presentable appearance
To achieve these qualities, look for marketing employees who:
Like what they do
Are quick learners who have curiosity to expand their knowledge
Project a pleasant and positive image
Like people and relate well to them
Are helpful to customers as well as to fellow associates
Are ambitious and hope someday to have your job
Here's a checklist for hiring and training your marketing team:
Know who you will need to hire.
Have a hiring policy in place that includes salary structure, incentive compensation and perks.
Create job descriptions for everyone (including for yourself), including specific skills required for each employee.
Maintain a schedule of ongoing staff meetings to discuss product information, sales techniques and customer service.
Develop policies and procedures on handling customer complaints and concerns. Keep in mind that you will get your best marketing feedback from an unhappy customer.
Develop clear protocols for handling customers via telephone, fax or e-mail.
Continuously re-define the skills and requirements needed by new employees.

Other Papers Like Start a Business

Business Start-Up Essay

577 words - 3 pages capital, but that doesn’t mean you should spend it all right up front. You need a balance between
investing enough to make sure your business gets off the ground and not overspending before you figure out exactly where your finances should go. \Start slow so that you can get feedback and see results. Put profits back into the business before you expand. More than a few businesses have sabotaged
themselves by trying to grow too quickly. 4. Trying to

Small Business Start-Up Checklist Essay

1053 words - 5 pages Startups A Small Business Start-Up Checklist 1. Conduct Research and Development *First, answer the following questions: · Is there a current or potential demand for your product or service? · Who makes up your target market? · Does the demand have potential staying power? · What does the current competition look like? · What are the anticipated production/operation costs? (This includes the average cost of any necessary supplies

How to Start Online Business

1287 words - 6 pages registration is a simple process. They will also gain from other benefits such as access to microloans and insurance coverage. * To catch these errant online shop bosses, SSM is working together with Malaysian Communications & Multimedia Commission to identify these people. How to Do Online Business in Malaysia To recap, to start an online business in Malaysia, you need to: 1. Register with MMC, if your business activity relates to

Reflective Essay on Business Start-Up

916 words - 4 pages learning process has significantly improved from my experience in completing the business plan. I have learnt that good planning is a critical aspect of preparing a business plan (Delmar and Shane, 2016). My experience has enhanced my understanding of what is required to start up a business. I have also become more attuned to any potential errors that may arise when formulating a business plan and challenges faced in working in a dysfunctional group

Start Up Ideas

1319 words - 6 pages problem you have? Among other things, it ensures the problem really exists. It sounds obvious to say you should only work on problems that exist. And yet by far the most common mistake startups make is to solve problems no one has. I made it myself. In 1995 I started a company to put art galleries online. But galleries didn't want to be online. It's not how the art business works. So why did I spend 6 months working on this stupid idea? Because I

Start Up Busines Case Study

1849 words - 8 pages Start Up Busines Case Study Many potential business owners start up companies or invest in companies without conducting the proper research. This causes numerous businesses to fail. I investigated a business that I as a business owner would like to establish. My analysis of the potential business will address several important topics. I will research the background of the industry, trends, how to finance the business

Sales Rep Start Up Paper

1015 words - 5 pages Sales Rep Start Up Paper Staffing The secret to success in this business is being in front of people. The primary role of my first hire (Agency Representative) will be to make sure I am in front of the right people to sell my product. An Agency Representative will be hired within the first 2-4 months of acquiring my agency whose duties will include the following: • Answer all calls in a timely matter • Greet clients

The Importance of Head Start

2000 words - 8 pages Febrary 21, 2013 Joan Middleton The benefits of early head start Many people have different opinions regarding goes head start programs increase a child chance of academic success? [Writing suggestion: Unless in a quote or a title, avoid rhetorical questions in academic writing. A good idea is to provide answers, not questions] There are pros and cons to both sides of this question that makes it

R2P: Doomed From The Start?

4614 words - 19 pages R2P: Doomed from the Start? According to law that dates back to 1648, nations have the right to govern within their borders in whatever manner determined fitting. Some states, although granted this right that is inherent to the foundation of the international system, fail to protect their citizens from harm. Too often in recent history have governments neglected to protect their people during conflicts or crises, and with a world with

Pursuing an Mba Degree to Start a New Career

898 words - 4 pages I decided to pursue an MBA degree just simply due to the reason that currently I am jobless. But, why did I decide an MBA? After going through a period of rejection and boredom, I had been looking for a glorious career and nothing other than MBA could have given me the fresh start that I needed. An MBA degree has an enormous reputation and it is widely recognized all over the world as one of the best degrees sought by the graduate students

A Proposed Re-Start for Italy Without the Euro

4642 words - 19 pages Thesis A Proposed Re-start for Italy Without the Euro Department of Economics April 10, 2014 Preface By adopting the Euro as its official currency, Italy lost the independence to conduct monetary policy and is now facing a stagnant economy. Italy’s main source to reduce their high debt (over 120% of their GDP) is through fiscal policy and Italians have been experiencing steep increases in their taxes ever since the Euro was introduced

Related Essays

How To Start A Business Essay

2433 words - 10 pages * Decide what business and where * Decide whether to start full-time or moonlight * Selection Strategy * Things to Watch Out For * Required Activities * Comparative Evaluation * How to Evaluate a Specific Business you have in Mind * "For" and "Against" List * Get Completely Qualified * Decision Time * Top Ten Do's and Don'ts * Session Feedback and Quiz | [Back to top]Characteristics of a Successful Entrepreneur

What It Takes To Start A Business

1810 words - 8 pages Anyone can decide to start a business but there is much more to the process than just coming up with the initial capital. There are three main points to starting a business. The first one is to decide whether if it is in the best interest of the aspiring entrepreneur to start the business. The second is to choose every detail of how this business is going to run. The third is to find ways to maintain and improve the business efficiently. There

How To Start A Business In Canada

2257 words - 10 pages little to no barriers to entry, such as the restaurant industry, make it very easy for new businesses to enter. In order to start a business in Canada, you first need to come up with a business idea and then methodically turn it into a structured plan, while ensuring to consider the degree of competition in your respective industry. This is a critical first-step, as the smoothness of your day-to-day operations will rely a great deal on the

Considering The Elements Of Microeconomics, Create A List Of Three (3) Best Practices That Would Benefit Any Small Business Or Start Up. Explain Your Rationale

956 words - 4 pages Considering the elements of microeconomics, create a list of three (3) best practices that would benefit any small business or start-up. Explain your rationale. Answer: Microeconomic show how new businesses have determined the competitively successful or unsuccessful pricing of their goods and services based on the mass consumer needs and choices, market competition and other financial and economic formulas. Microeconomics also studies supply