Sign In
Not register? Register Now!
Essay Available:
You are here: HomeEssayBusiness & Marketing
Pages:
1 page/≈275 words
Sources:
2 Sources
Level:
MLA
Subject:
Business & Marketing
Type:
Essay
Language:
English (U.S.)
Document:
MS Word
Date:
Total cost:
$ 4.32
Topic:

Identifying Entrepreneurs' Steps on Starting a Business (Essay Sample)

Instructions:

This assignment's criteria include identifying and explaining the different stages taken by an entrepreneur while launching a new venture.
From the research, this paper summarizes various steps that an entrepreneur uses to start a business. One of the discussed steps in the paper includes the identification of profitable start-up ideas of the business. The ideas usually come from friends and different trends within the market. Additionally, the paper continues to explain the other steps, which is the understanding of the demand. It is wise to understand the demand of whatever one plans to bring into the market where it will sell or be a loss. Furthermore, this paper continues focusing on the steps, and the third step discussed in the paper starts with a little, doable thing. As the name suggests, an MVP is the simplest, most basic version of your product or service that is currently feasible.
Another step entrepreneurs do when they first start their companies is to create something better than what is available. You don't have to come up with anything new all the time. Customers will flock to you if you provide a well-known product at a cheaper price or if you can give a better product. Even better, there's a clear market for it. Start by writing down everything you use, then go over it one more time to make it better. Consecutively, the papers also focus on having a business plan as a step the entrepreneur requires to start a business. In a business plan, the objectives and tactics of your firm are described in detail, including a marketing strategy, a projected budget, and a list of key milestones. The purpose, vision, and objectives of your firm must be clearly defined as a business owner. It is a work product that helps in the development of your startup.

source..
Content:

Student Name
Name of Instructor
Course Title
Date
Entrepreneurs’ steps to start a business
An entrepreneur is a person who risks starting their own company based on an idea they have developed while accepting most risks and taking advantage of most business benefits. Below are some of the steps on how entrepreneurs typically start their business. One of the steps is identifying profitable start-up ideas. All these good ideas are generated from friends, inspired by other emerging start-ups, and identified trends to future-proof their ideas (Allen & Chandler, 7). The different steps that follow the identification of ideas place the focus on a growing category. By this statement, I mean one should study the categories' products to understand each product's benefits and how they vary, their packaging and marketing strategy, and potential improvements, among other things to consider.

...
Get the Whole Paper!
Not exactly what you need?
Do you need a custom essay? Order right now:

Other Topics:

  • Organizational Success: Training and Development
    Description: Regardless of their type, size, and missions, organizations should be highly competitive and less vulnerable to adverse changes. Due to the dynamic nature of the present day’s market, the workforce should be qualified and competitive. It is also vital to avoid employee turnover as much as possible....
    2 pages/≈550 words| 3 Sources | MLA | Business & Marketing | Essay |
  • The Differentiation of Business Strategies
    Description: A successful focus strategy largely depends on the segment of the industry and the size of its market. Differentiation strategy serves to distinguish the products of a company from those of their competitors. For instance, over the years, Apple Company has been using the differentiation strategy to cope...
    1 page/≈275 words| 1 Source | MLA | Business & Marketing | Essay |
  • Pros and Cons of Merging Two Businesses
    Description: Mergers occur when two companies come together to form one business entity (Moskovicz 300). When companies merge, there are several issues that need to be assessed to determine if the benefits outweigh the risks and costs involved. In the end, it is crucial for business owners to merge business and decide....
    2 pages/≈550 words| 3 Sources | MLA | Business & Marketing | Essay |
Need a Custom Essay Written?
First time 15% Discount!