Lee High School

How does a person start and sustain a business?

Miguel Lemus
Senior Capstone
Jody Snyder
April 13, 2017
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Miguel Lemus
Jody Snyder
Senior Capstone
April 13, 2017
Starting A Business

On average, across countries, almost 4% of people are self-identified entrepreneurs with

paid personnel (2.2% of women; 5.6% of men). These figures are interesting when compared to

the number of self-employed in the workforce (Reid). Be the person to increase that 4%

weather its on the woman side or the mens and not be the typical everyday employee. Four

percent is pretty low compared to that of regular people in the workforce, which most people

probably are in. considering quitting that crappy job and being a boss? When being ones own

boss, it comes with privileges like setting schedules, and entrepreneurs can do what they love

and enjoy and get paid for it, with the potential to make a high salary. An entrepreneur starts

and sustains a business by understanding the financial needs and demands, having

knowledge and experience in the business industry, and realizing the impact of customer

service.

An entrepreneur starts and sustains a business by understanding the financial needs and

demands. "A significant obstacle to successful growth and development of small business has

been access to finance under appropriate terms and conditions" (Connell). When it comes to

starting a business, an obstacle will be money. Money will be a first step to becoming successful

as an entrepreneur. For example, an entrepreneur starting a lawn care business will need money
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to buy his or her equipment. The basic lawn care business requires a truck, lawn mower, weed

whacker, and a blower. If he/she has no money, what do they do? Most businesses that are still

up and running today started from the bottom; they all had to save up, get a loan from a bank,

maybe even borrow money from family. When thinking about what type of business to start,

make sure it will be in demand. Here is one example, a roofing company, why is that in demand?

Roofing is needed by someone somewhere always, so there will always be work. Choosing their

future business wisely can be bad for business startups. Therefore, an entrepreneur starts and

sustains a business by understanding the financial needs and demands associated.

An entrepreneur starts and sustains a business by having knowledge and experience in the

business industry. An entire 221, 62%, of the 355 business owners interviewed referred to their

industry/business. knowledge and experience as a key preparatory step toward the success of

their business start-ups (Bewayo). This article is just saying 221 out of 355 business owners

say that knowledge and experience are very important first steps entrepreneurs make towards

starting their business. People who have experience in the business they want to own have a

better chance of sustaining it. For example, someone who does lawn care for a company knows

how to do the work and with a little research on how to get clients, he or she could go on his or

her own and be able to do it and maybe even better. Knowledge and experience is a very good

thing to have because if an entrepreneur has neither he or she will be clueless and will not have a

successful start. So how do does a future business owner gain experience? Let's say he/she are

thinking about having their own restaurant, They can work as server/waiter and learn how things

work inside a restaurant. Once they know how to satisfy a customer and keep him or her coming

back, and maybe pick the brain of the boss of his or her start-up, they could have enough
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experience and knowledge to be a boss of a restaurant. Therefore An entrepreneur starts and

sustains a business by having knowledge and experience in the business industry.

An entrepreneur starts and sustains a business by realizing the impact of customer

service. We interpreters want to help visitors make connections that will last a lifetime.

(Leftridge) This statement from this article is saying that for entrepreneurs to keep a customer,

they have to make connections. This is very true for example, when a person goes to a local

mechanic the mechanic wants to gain the trust from the car owners once he builds that trust that

person keeps bringing that car to the mechanic. Another example, is the lawn care business

owner, he wants to show that he can take care and care for lawn. Once he does a good job and

maybe makes other good connections, he will always be scheduled to come back. Another good

example is a barber, The barber is always trying to gain a customer so he or she will do the a

good job and make a conversation to get to know the client once the client sees a he or she a

excellent job the client will always come back to that barber. Therefore an entrepreneur starts

and sustains a business by realizing the impact of customer service.

There is no age limit; the young entrepreneurs have to be "young at heart" and willing to

go abroad. (ERASMUS.) No matter how what age the young entrepreneur is never give up

he/she should set goals and never ever give up on them and he/she will succeed. Practice what it

is he/she wants and start doing it for some income. Mistakes are only bad if future business

owner does not learn from them. The three things an entrepreneur needs for their future business

are simple. An entrepreneur starts and sustains a business by understanding the financial needs

and demands, having knowledge and experience in the business industry, and realizing the

impact of customer service.

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Works Cited

Bewayo, Edward D. "Pre-start-up preparations: why the business plan isn't always written."
Entrepreneurial Executive, vol. 15, 2010, p. 9+. Academic OneFile,
go.galegroup.com/ps/i.do?p=AONE&sw=w&u=lom_accessmich&v=2.1&it=r&id=GALE%7CA
243043179&asid=1fbe6737419a35e3f2a7f65d3cfb3730. Accessed 28 Mar. 2017.

Connell, Jenet. "Small business finance." Small Enterprise Research, vol. 2, no. 1-2, 1993, p. 28+.
Academic OneFile,
go.galegroup.com/ps/i.do?p=AONE&sw=w&u=lom_accessmich&v=2.1&it=r&id=GALE%7
CA268599949&asid=17003226b853b0901f3ae4d27607ae05. Accessed 29 Mar. 2017.

"ERASMUS FOR YOUNG ENTREPRENEURS." European Social Policy, 2009, p. 245283.

Academic OneFile,
go.galegroup.com/ps/i.do?p=AONE&sw=w&u=lom_accessmich&v=2.1&it=r&id=GALE%7CA
195659769&asid=320cce04f2b18fcdaa30ce0c17a44786. Accessed 13 Apr. 2017.

Leftridge, Alan. "Connections." Legacy Magazine, vol. 20, no. 4, 2009, p. 24+. Academic OneFile,
go.galegroup.com/ps/i.do?p=AONE&sw=w&u=lom_accessmich&v=2.1&it=r&id=GALE%7CA
205747247&asid=a31a623995a091a19a8d0c41fe4f6fa2. Accessed 4 Apr. 2017

Reid, Susan. "The Numbers Are In: Most People Want To Be Their Own Boss."Forbes. Forbes
Magazine, 08 Jan. 2016. Web. 03 Apr. 2017,
https://www.forbes.com/sites/susanreid/2015/10/12/the-numbers-are-in-most-people-want-to-be-th
eir-own-boss/#6d9ffafa1451
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