Term Papers on Starting A Small Enterprise

Term Paper Title	Starting A Small Enterprise
# of Words	7364
# of Pages (250 words per page double spaced)	29.46

Starting a Small Enterprise

Starting

a

Small

Enterprise

Starting a Small Enterprise

TABLE OF CONTENTS


Page

Introduction

     Why Be an Entrepreneur?   ................................................

     Rewards of Entrepreneurship   ...........................................

     Risks of Entrepreneurship   ................................................

3

3

4


Process Flow: Starting a Small Enterprise   .......................

5



Analysis

     Are You Entrepreneurial?   .................................................

     Additional Factors to Consider   .........................................

6

7


Decision-Making/Planning

     Determining Your Product Line   ........................................

     Types of Business According to Ownership   .....................

     Writing a Business Plan   ....................................................

8

8

9


Financing

     Determining Your Financial Requirements   .......................

     Seeking Sources of Capital   ..............................................

     Rules for Sound Financing   ...............................................

12

12

14


Setting Up

     Choosing the Site/Location of Your Business   ..................

     Registering Your Business   ...............................................

     Hiring/Training Personnel   .................................................

15

15

22


Getting Your Business Started   ..........................................

24


References   ...........................................................................

25



Introduction
Why Be an Entrepreneur?
Entrepreneurship is a way of life.   Being entrepreneurial means being able to identify, start, and maintain a viable and profitable business, particularly a small enterprise.

People spend most of their lives working for someone else.   Some people eventually rise to positions of wealth and power, while the rest languish in unchallenging and low-paying jobs.   On the other hand, there are a select few who strike it out on their own; rather than work for others, they put up their own enterprise.

You may ask:  “Why should I risk my resources in an unpredictable business when I could hold a stable job with a permanent tenure and an assurance of a regular monthly income, without any risk?”   In other words, why be an entrepreneur rather than an employee?

Entrepreneurship has its own rewards, as well as its risks.   Having your own business has tremendous rewards, but be sure to weigh prospective returns against the potential risks and losses.

Rewards of Entrepreneurship

·   Have Unlimited Opportunity to Make Money  - When you have your own business, you will most certainly have unlimited potential to earn money.   How much money you earn depends on the time and effort you put into your enterprise.  Successful entrepreneurs have earned their wealth and prestige through hard work and by having the right product for the right market at the right time.

·   Be Your Own Boss - As sole proprietor of your business, you make the decisions for your enterprise and take full responsibility for them.   The quality of these decisions will translate into either gain or loss for your business.  Being your own boss means you are in control of your future.   You have a better grasp of what you want to be.

·  Tap Your Creativity  - A business usually starts out as an idea.   You will have the opportunity to harness this creativity and turn your idea into products and processes.

· Overcome Challenges and Feel Fulfilled - Starting a business is by itself an accomplishment.   Running a business tests an entrepreneur’s capability in securing and managing resourc...

This is ONLY a preview of the article. If you would like to view the entire document, you must subscribe to Digital Term Papers. Please register below now!

Digital Term Papers has over 63,000 essays, term papers, and book notes online. Many paper sites will charge you hundreds of dollars for a single paper. Digital Term Papers only charges $14.95 for a one month membership with instant account activation!

Don't waste anymore time! Join NOW!!!

1 Month (automatic renewal) ($14.95)

3 Months (automatic renewal) ($29.95)

6 Months (one-time billing) ($39.95)

Pay by: