Starting a Small Business Free Essay, Term Paper and Book Report
ng a business can take a lot of planning and even more time getting off the ground. This paper will help provide an outline for steps to take in order to open a business successfully. With todayâTMs economy, starting a business can be a very scary and difficult endeavor. Following these steps should make your business successful.
o Starting a business can take a lot of planning and even more time getting off the ground. Starting a business in todayâTMs economy can be very difficult. Following these steps will help you to avoid the four main failure mechanisms of a small business; managerial incompetence, inexperience, neglect, weak control systems and insufficient capital, or profit.
o To avoid managerial incompetence or inexperience you will need to take extra time finding managers that are dedicated and have the right experience. While college degrees are always a plus, you cannot hire a manager based solely on their papers. They need to have field experience or hands on experience as well. This skill is very important so that your managers know ......
Word Count: 981
Page Count: 3.9 (250 words a page / double spaced)
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