Business Start-Up from Scratch

Business Start-Up from Scratch Essay example
High school
Essay
Marketing
Pages 9 (2259 words)
Download 0
Name: Professor: Course: Date: Business start-up from scratch How to start a business from scratch Although starting a business from scratch is risky, it is one of the most satisfying feelings. It is the dream of every entrepreneur to start up and run their own interests…

Introduction

Smart thinking should be employed in order to have potential for growth (Marinel 5). Factors to consider when starting There are various factors to consider before starting a business. One factor is the area of expertise and knowledge. The entrepreneurs must come together and evaluate the level of expertise in providing the good or service they intend to market through their business. For a business to be successful, the business partners must have some experience in the field in which they want to invest. Many businesses fail due to lack of knowledge. The exposure could come from employment in other companies or organizations offering similar products or services. The knowledge should be reinforced by research into the prospects of the product faring well in the market to avoid frustrations. Every niche of a business requires a specific set of skills and, therefore, some require more expertise than others. The knowledge should be coupled with the desire to succeed. Many starters fail in business due to diminishing passion once they face hardships. The people who want to start the company must, therefore, have a culmination of passion if the business is to take off the ground (Marinel 5). The second factor to consider is the market and demand for the product. ...
Download paper
Not exactly what you need?

Related papers

Start-up company- Marketing/Social Media Strategy
ong members and nonmembers • Promote SeasonalBids, events, services, products and best practices • Monitor for feedback BENEFITS OF A SOCIAL MEDIA MARKETING STRATEGY Social media and an extended presence online can go beyond member acquisition and retention. The Word of Mouth Marketing Association (WOMMA) has identified five broad categories of influencers. Constituents that SeasonalBids wants…
Start-up Idea - Online/in-Person of the Ark Educational Portal
This  is envisaged in helping in molding and nurturing the kids to globally relevant and competitive individuals which is the key objectives of the initiative. The aspect of kids-parents-teachers engagement has been cited as lacking in other modes and probably this is contributing in the production of the partially competent persons in the long run. The initiative is up to filling this gap in the…
Cases Write Up
After 1990, worldwide software companies discovered a new phenomenon called open source business model, and they started developing and distributing open source software. These types of software are distributed free both for private and commercial use. MySQL is the world’s most popular Relational Database Management System. It provides multi-user access to, and runs as a server of, a number of…
Leading the Way : Start with a Marketing Audit
On the other hand, the company internal factors that arise from external effects include strong brand name, diversified product portfolio, strong management team and mergers. To remain competitive and address the weaknesses of poor relationship with the major competitor, it is imperative for the company to form more mergers with large company such as Dell. In the same way, the company should…
Bottoms Up Market Sizing
With unit investment trust which are registered companies that posses both characteristics of mutual funds and closed-end funds, their presence is attributed to low number of investment companies below year 2000 level despite net increase since in 2005. The number of new UITs has increased by 2011 by opening 51 new trusts, while closed end fund sponsors had increased with 10 by 2011 since year2005…
Thermostate X made up product
In this case, the first step would be to increase Thermostat X awareness in the market. Consumers are likely to purchase a product that they are in knowledge of, prior to purchase. Using broadcasting commercials and other printed ads, would assist in introducing Thermostat X into the market. The ads would include the company’s name with a continuous mention of the brand name and its consequent…
Case Write-up
In order to protect their market, some subsidiaries of Chiquita, particularly those in Colombia, had to compromise the professionalism by which the company was run and in the process, damaging the reputation of Chiquita. Among the negative actions that were allegedly committed included the supporting the coups that the US government attempted against perceived smaller nations, the establishment of…