owning and starting a business essay summary

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So You Want to Be an Entrepreneur?

• Emily Heyward

One founder’s advice on what you should know before you quit your day job.

Starting a business is not easy, and scaling it is even harder. You may think you’re sitting on a completely original idea, but chances are the same cultural forces that led you to your business plan are also influencing someone else. That doesn’t mean you should give up, or that you should rush to market before you’re ready. It’s not about who’s first, it’s about who does it best, and best these days is the business that delivers the most value to the consumer. Consumers have more power and choice than ever before, and they’re going to choose and stick with the companies who are clearly on their side. How will you make their lives easier, more pleasant, more meaningful? How will you go out of your way for them at every turn? When considering your competitive advantage, start with the needs of the people you’re ultimately there to serve. If you have a genuine connection to your idea, and you’re solving a real problem in a way that adds more value to people’s lives, you’re well on your way.

When I graduated from college in 2001, I didn’t have a single friend whose plan was to start his or her own business. Med school, law school, finance, consulting: these were the coveted jobs, the clear paths laid out before us. I took a job in advertising, which was seen as much more rebellious than the reality. I worked in advertising for a few years, and learned an incredible amount about how brands get built and communicated. But I grew restless and bored, tasked with coming up with new campaigns for old and broken products that lacked relevance, unable to influence the products themselves. During that time, I was lucky to have an amazing boss who explained a simple principle that fundamentally altered my path. What she told me was that stress is not about how much you have on your plate; it’s about how much control you have over the outcomes. Suddenly I realized why every Sunday night I was overcome with a feeling of dread. It wasn’t because I had too much going on at work. It was because I had too little power to effect change.

• EH Emily Heyward is the author of Obsessed: Building a Brand People Love from Day One (Portfolio; June 9, 2020). She is the co-founder and chief brand officer at Red Antler, a full-service brand company based in Brooklyn. Emily was named among the Most Important Entrepreneurs of the Decade by Inc.  magazine, and has also been recognized as a Top Female Founder by Inc. and one of Entrepreneur’s Most Powerful Women of 2019.

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Business Essay Examples

13 Business Essay Examples for Students

14 min read

Published on: May 1, 2023

Last updated on: Jan 30, 2024

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Are you struggling to figure out the structure, research, or data required to make your essay stand out? Or frustrated by the lack of inspiration and ideas for your essay?

But don't give up yet! We have a powerful solution that will make your essay writing a breeze. Our list of business essay examples is here to help! 

We have compiled expertly written business essay examples that will illustrate how to write a striking business essay.

With our examples, you'll be able to see how to structure your essay and generate creative ideas for your topic. And our tips will help you make the most of these examples.

So, let's dive in and get ready to learn!

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What is a Business Essay?

A business essay is a type of academic writing that focuses on business-related topics and issues. These essays can cover a wide range of topics such as marketing, finance, management, entrepreneurship, and more.

The importance of business essay lies in presenting a well-researched and informed analysis. To do this effectively, writers need to conduct extensive research and analysis on the topic at hand.

Referring to examples of business essays can help you gain insight into the structure, tone, and content of a well-written essay.

Business Essay Examples For Students

Here is a list of business writing examples

Business Essay Examples Pdf

Business Essay Example Grade 10

Business Essay Example Grade 11

A Level Business Essay Examples

University Business Essay Examples

International Business Essay Examples

Short Essay About Business

College Essay About Starting A Business

Types of Business Essay with Examples

When it comes to business essay writing, there are several different types that you might encounter. 

Here's a brief overview of each type, including their characteristics and an example of each.

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Case Studies

A case study is an in-depth analysis of a specific business situation or problem. It involves extensive research and data analysis to provide recommendations.

Case studies often showcase the application of theory to real-world business scenarios.

Research Papers

Research papers involve a more academic approach to business writing. They typically require an extensive literature review, data analysis, and original research. 

Business research papers aim to contribute new knowledge to the field of business. These often involve a hypothesis or research question.

Argumentative Essays

Argumentative business essays aim to persuade the reader to adopt a particular point of view or take a specific action. They present an argument and use evidence and logic to support their claims. 

Argumentative essays can address various business topics such as management practices, ethical issues, or market trends.

White Papers

A white paper is a document that provides a detailed explanation of a particular issue or problem, often with recommendations or solutions. 

White papers are typically used to educate stakeholders about a specific topic. These are often used in the business-to-business (B2B) context.

Comparative Essays 

Comparative business essays compare and contrast two or more topics or ideas. They typically analyze the similarities and differences between the topics to evaluate their pros and cons. 

Comparative essays can focus on various aspects such as products, companies, markets, or strategies.

How to Structure Your Business Essays

As you begin writing your business essay, it's important to structure it in a clear and organized way. 

Here's a step-by-step guide with business essay samples to help you do just that:

Executive Summary

The executive summary is a brief overview of your entire essay. It should summarize your main points and highlight your recommendations. 

This section should be written after completing the essay, as it gives a clear picture of what the essay covers. 

Here is how you start a business essay sample:

Introduction

The introduction sets the stage for the rest of the essay. It should introduce the topic, provide background information, and explain the purpose of the essay. 

Here is a business essay introduction example:

Industry Analysis

In this section, you'll conduct a thorough analysis of the industry in which the business operates. You should examine factors such as competition, market trends, and customer behavior. 

Here is a sample industry analysis

Key Issues or Problems

This section should identify the main issues or problems faced by the business. You should provide evidence to support your claims and analyze the impact of these issues. 

Here is an example paragraph:

Solutions or Recommendation

Here, you'll provide solutions or recommendations to address the issues identified in the previous section. Your solutions should be well-supported and feasible. 

For instance:

Implementation Plan

For this part, you'll outline a plan for implementing the solutions or recommendations you've proposed. This is sort of a description of the business model you suggest. 

This section should be detailed and include specific action steps. 

For example:

Finally, you'll wrap up your essay by summarizing your main points and reiterating your recommendations. 

This section should be clear, concise, and impactful. 

By following this structure, your business essay will be well-organized, coherent, and easy to follow for your readers.

Tips for Using Business Essay Examples Effectively

Now that you have quite a few business essay examples at hand, you should know how to use them effectively:

• Use them as a guide, not a template : While it's great to learn from examples, you should never copy them outright. Instead, use them as a starting point for your own research and writing.
• Analyze the strengths and weaknesses of the essay : Take note of what works well in the example essay, as well as any areas that could be improved. This will help you understand how to make your own essay even better.
• Use them to inform your own research and writing : Pay attention to the research methods, sources, and evidence used in the example essay. This can give you ideas for your own research and help you strengthen your arguments.
• Avoid plagiarism and ensure proper citation: Whenever you use ideas or information from an example, make sure to cite your sources. This will help you avoid plagiarism and maintain academic integrity.

You now have a plenty of business essay examples on different topics to help you get started!

By following our tips and studying the sample essays, you can confidently write your own essays that are clear, concise, and impactful. 

However, if you still find yourself struggling with your business essays, just reach out to our professional business essay writing service . 

We have the best online essay writing service and are ready to provide you a high-quality business. Our writing service has subject specialist writers who can tackle any business essay topic.  

So why wait? Contact us today and let our AI essay writer take your business essays to the next level!

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How to Write a Business Essay for Impactful Communication and Analysis

So, you've got a business essay coming up, and you're feeling a mix of excitement and a tad bit overwhelmed, right? Totally get it. Writing a business essay might sound boring, but trust me, it's a skill that's gonna come in handy when you're out there in the real world.

In this article, we're dishing out some awesome tips just for you if you have question on how to start a business essay. Think of it as your secret weapon to tackle those business essays like a pro. We'll keep it real, easy, and super practical – no fancy jargon or complicated theories. Let's dive into the world of business essay writing, where your words can make a big impact. In case you lack time or motivation to finish your assignment, use our business essay writing service to streamline the process.

What Is a Business Essay

Business essays are written pieces that explore and analyze various aspects of business-related topics, often focusing on management, marketing, finance, or entrepreneurship. They provide a platform for students and professionals to articulate their understanding of business concepts, theories, and real-world applications. Typically written in a formal and structured manner, a business essay requires critical thinking, research skills, and the ability to communicate ideas effectively. Whether delving into case studies, discussing industry trends, or evaluating business strategies, the essay aims to provide insights, draw conclusions, and contribute to a deeper understanding of the dynamic world of business.

How to Write an Introduction for a Business Essay

A business essay introduction sets the tone for the entire paper and captures the reader's attention. Here are some steps and tips to help you write an effective introduction for a business essay:

• Understand the Purpose of the Introduction

Clearly understand the purpose of your essay. Are you providing an overview of a business concept, analyzing a case study, or arguing a specific point? Tailor your introduction accordingly.

• Start with a Hook

Grab the reader's attention with a compelling hook. This could be a relevant quote, a surprising fact, a rhetorical question, or a thought-provoking statement. The goal is to make the reader want to continue reading.

• Provide Context

After the hook, provide some background or context related to the topic of your essay. Help the reader understand the significance and relevance of the subject matter in the business world.

• Thesis Statement

Clearly state your thesis or the main argument of your essay. This should be a concise and focused statement that outlines what the reader can expect from the rest of the essay. Make sure it is specific and reflects the purpose of your writing.

• Outline the Scope

Briefly outline the main points or areas that your essay will cover. This gives the reader a roadmap of what to expect and helps them understand the structure of your essay.

• Use Clear and Concise Language

Keep your introduction clear and concise. Avoid unnecessary jargon or complex language that might confuse the reader. Aim for clarity and precision.

• Be Relevant

Ensure that every sentence in your introduction is directly related to the topic of your essay. Avoid going off on tangents or providing excessive information that doesn't contribute to the main points.

• Consider the Tone

Choose a tone that is appropriate for your audience and the nature of your essay. Business essays can vary in tone, from formal and academic to more conversational, depending on the context.

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Business Essay Introduction Example

Here’s an example of an introduction for an essay titled “The Rise of E-commerce: Shaping the Future of Retail”:

The retail landscape is undergoing a seismic shift as e-commerce continues to redefine the way consumers shop. In this essay, we explore the profound implications of this digital transformation on traditional retail models and analyze the key strategies businesses are employing to thrive in this dynamic environment. From changing consumer behaviors to the strategic use of technology, the impact of e-commerce on the retail sector is undeniable, prompting businesses to adapt or face the risk of obsolescence.

How to Write a Business Essay

Working on a business essay might seem daunting, but it doesn't have to be. In this guide, we'll break down the process into simple steps to help you navigate through it smoothly. In this next section. We’ll be breaking down the essentials of drawing up a business essay from start to finish. From defining your main argument to structuring your points effectively, let's explore the key strategies that will set you on the path to success. 

Analyze the Prompt

Start by carefully reading and understanding the essay prompt. This involves breaking down the question to grasp what it's asking for, identifying the main topics, and recognizing any specific tasks or points to cover. This step helps you set the stage for a focused and relevant essay by ensuring you address all aspects mentioned in the prompt. You can hire a business essay writer to expedite the process if you want.

Think of a Thesis Statement

When writing a business essay, think of the thesis statement as the essay's compass. It should be a concise, strong sentence that lays out your main argument or viewpoint on the topic. Your thesis guides the entire essay, so make sure it's specific, debatable, and gives readers a clear idea of what to expect in your writing.

Create an Outline

We’ve already shared tips on how to write an introduction for a business essay, so let’s move on to the next stages. Organize your thoughts by outlining the main points and structure of your essay. This doesn't have to be too detailed; just a roadmap that helps you see how different ideas connect. An outline ensures a logical flow in your writing and prevents you from going off track. By the way, have you already picked business essay topics ? If not, here’s a list of great ideas you can use!

Provide Topic Background

Before diving into your main points, the business essay writing format implies giving your reader some context about the topic. Briefly introduce the key concepts, relevant facts, or historical background that will help readers understand the importance and relevance of your essay.

Write the Main Body

Start developing your essay by expanding on the main points outlined in your thesis. Each paragraph should focus on a specific idea or argument supported by evidence or examples. Be clear and concise, ensuring a smooth transition between paragraphs. It’s the most difficult part of the assignment, meaning you can use our college essay service to simplify it.

Write a Conclusion

Summarize your key points and conclusively restate your thesis. The conclusion should tie up the loose ends and leave a lasting impression on the reader. Avoid introducing new information but rather reinforce your main argument. For more details about how to write a conclusion for an essay , please refer to our guide.

Add a Bibliography

List all the sources you used in your research. Be meticulous about citing your references properly, following the chosen format (APA, MLA, etc.). This adds credibility to your essay and avoids plagiarism issues.

Edit and Proofread

As you’ve learned how to write a business essay, it’s time to master the art of self-revising. Review your essay for clarity, coherence, and grammatical errors. Editing ensures that your ideas flow smoothly, and proofreading catches any overlooked mistakes. It's a crucial step to polish your essay and present a professional piece of writing. Do you have another assignment on business management ? This guide will help you!

Choose the Writing Format

Reiterate the importance of selecting and adhering to the chosen writing format throughout the essay. Consistency in formatting, citations, and other style elements contributes to the overall professionalism of your work.

Business Essay Example

Business essay examples offer practical assistance to students tackling assignments by showcasing the application of essential writing principles in a real-world context. As a tangible reference, it demonstrates an effective essay structure and how to formulate a clear thesis statement and provide coherent arguments. By examining examples, students can glean insights into research techniques, proper citation practices, and overall essay organization, empowering them to approach their business assignments with increased confidence and proficiency.

Example 1: “The Impact of Technological Advancements on Modern Business Operations”

This essay explores the multifaceted impact of technology on operational efficiency, innovation, customer relations, and global connectivity. From integrating automation and artificial intelligence for streamlined processes to facilitating global expansion through digital platforms, technology emerges as a driving force shaping the success and sustainability of contemporary enterprises. While acknowledging the numerous benefits, the essay also highlights the challenges and ethical considerations inherent in adopting these technologies, emphasizing the need for businesses to navigate these complexities responsibly for long-term growth and competitiveness.

Example 2: “Sustainable Business Practices: A Strategic Imperative for Corporate Success”

This essay explores the pivotal role of sustainable business practices as a strategic imperative for corporate success in the contemporary entrepreneurship scene. Addressing environmental concerns, social consciousness, and economic viability, the essay delves into the multifaceted benefits of adopting sustainable approaches. It discusses how businesses can align profitability with responsible practices, emphasizing environmental stewardship, social impact, and community engagement. The essay underscores the importance of regulatory compliance and risk mitigation in business by examining the economic advantages and innovation opportunities arising from sustainable initiatives.

Final Considerations

Students engage in writing business essays to develop essential skills and knowledge crucial for success in the professional world. These essays serve as a platform for honing critical thinking, analytical, and communication skills, allowing students to articulate and analyze complex business concepts. Through the process of researching, organizing thoughts, and constructing coherent arguments, students gain a deeper understanding of business principles and practices. Business essays also cultivate the ability to synthesize information, evaluate various perspectives, and present well-reasoned conclusions. If you find with task troublesome, you can always tell us, ‘ write my research paper ,’ and one of our wordsmiths will fulfill the assignment quickly.

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How Many Paragraphs Does a Business Essay Have?

What is the most important part of a business essay, how do you start off a business essay, related articles.

How to Write a Business Essay: an Ultimate Guide

Table of Contents

Writing an essay can be boring. A lot of essays are basically the same thing over and over again. You write an introduction, then you write your supporting paragraphs, and then you create a conclusion. Overall, the process is not a lot of fun, and you can often feel as though you are simply going through the motions for the sake of churning out extra work. But since you have to write an essay, it’s worth considering the many ways that you can make the process faster and easier. In this ultimate guide, we’ll discuss the best way to write a business essay so you can get through the process faster and with relatively little trouble.

It might seem obvious, but the first thing you need to do when you write an essay is to read the essay question. You need to be sure you understand each part of the essay question and how the parts of the question work together. You would be surprised how many students only glance at the question and then write a paper that only partially addresses the assignment. You don’t want to lose points because part of your paper isn’t on topic. If you find any parts of the paper that you don’t understand or that require explanation, be sure to contact your instructor for clarification before you start writing.

Read the essay rubric

These days, most essays have a grading rubric included with the question. A grading rubric is like a cheat sheet for writing your essay. When you review the essay rubric, you’ll see exactly how your instructor will grade your paper and what your instructor will be looking for. When you write your paper, you will therefore know exactly what to include and how to write about it in order to maximize your points—and you’ll also see what you can spend less time on because it won’t contribute to your overall grade.

Make friends with your library

Many students automatically turn to search engines like Google in order to research their papers, but this is not the most effective way to find high-quality business sources for your paper. Instead, take advantage of your library’s databases. Your college or university library will likely have dedicated business databases that collect high-quality academic articles on business topics. Using these resources in your paper will make your essay stronger and more effective, and it will put your paper on a solid academic footing.

Compile your sources before you write

Many students use the start-and-stop method to write their papers, composing a sentence or two and then stopping to look up more information in order to keep going. This, however, is an inefficient way to work. A better way is to read through your research sources before you start and copy into a separate file a series of quotations and facts that you might use in your paper, creating in-text citations and reference list entries for each before you start. Doing so will make sure that you don’t have to stop for research and have a ready bank of pre-cited material to work with as you write.

Outline before you write

Outlining is an important skill that will both save you time and improve the quality of your essay. Take time before you write to lay out your paper from beginning to end. Start with your thesis statement and carefully lay out the body paragraphs with a topic sentence, supporting details (including research, quotes, and citations ), and a closing paragraph . Plan your transitions to link paragraphs together. Any amount of outlining can be helpful, but the more effort that you put into outlining at this stage, the easier it will be to write your paper, and the less likely it will be that you get stuck in a tangent that goes nowhere or meander into a point that requires you to change your thesis and revise you whole essay.

Remember to revise and proofread

When you finish the draft of your paper, you aren’t done yet. The first draft is rarely the finished product. You should always set aside time to read your work back and to make revisions to make it clearer. You also need to carefully proofread for mechanical grammar, punctuation, and syntax issues to ensure that your paper is as close to perfect as possible. You don’t want to leave points on the table because your paper had easy to fix minor spelling or grammar errors.

Consider professional writing help

Another great way to get your paper done quickly is to seek out custom professional help from an essay writing service with academic experts. An online writing company such as this can create business papers for college students and deliver them fast. When you utilize professional writing assistance, you can receive a custom-written essay that can serve as a great model to help you understand how a professional would approach your business topic and organize and develop an essay to address your assignment. Using a model such as this can save you time and effort as you work on your own paper, allowing you to focus on the learning process more than the mechanics of academic essay writing.

Join the thousands who have sharpened their business writing skills with our award winning courses.

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Business Essay Writing: How to Start Your Own Business Essay

Table of Contents

Most people believe that launching a small business is the best way to achieve freedom. Even though this claim has some merit, it is debatable.

Why do people choose to launch their businesses? They yearn to be on their own. One can better manage his time by operating a small business. You can create the products and services he desires, attempt to be thoughtful and responsible.

The economy of any state relies heavily on small enterprises. Small business owners make significant contributions to the state budget.

One could argue that the complex of small and middle-sized businesses brings the nation the same profit as big enterprises. Simply put, a prosperous state cannot exist without small businesses.

Without small businesses, poverty cannot be eradicated. Allow me to discuss some factors that should be considered when starting your business.

Factors to Consider When Starting Your Own Business

1. starting up is difficult.

It’s not simple to launch a small business . Whether you own a construction company or a business, you must be financially and mentally prepared for hurdles.

Additionally, having a basic understanding of management, marketing, and business is essential.

You should first familiarize yourself with the industry and market. Use trustworthy education websites to learn.

The most essential component is researching the market to determine what products and services consumers want.

If a product is needed, but no one is making it, you have the best chance of dominating the market.

2. the Cost and Caliber of Your Product

The cost and caliber of your product are the second things you should consider. Two choices are available.

The creation of pricey, high-quality products that will last a long time is a choice to make. The second choice has to do with consumption. You make cheap, subpar items and draw customers by offering the most affordable pricing.

Sadly, selecting the ideal solution might be challenging. Many people are willing to spend much money to own a high-quality item. Others steer clear of high prices and favor affordable goods. Consider requesting a title loan if you require title cash to launch your company.

3. Business Plan

You should write your business plan, which will include all of the details about how your company will operate. Consider the client’s target markets, production, distribution, storage, and retail.

It would appear that you should create and keep your stuff somewhere. Then, problems like revenue and expense would come up.

You will need to hire a few staff to run your firm profitably. To bring the appropriate people into your company, you will need to be picky, demanding, and careful.

You will eventually run into issues with rent, taxes, etc. A business is similar to a family. Pay attention to the slightest problem, question, or misunderstanding to enhance your income and build your small business.

The Peaks and Valleys of Starting Your Own Business

Starting a small business involves a lot of benefits and drawbacks, as one might anticipate. Independence is the strongest side. You are not required to labor for another person.

You can decide what to do and how and work to benefit yourself. If you don’t feel recognized and valued at work, you can implement your unique and entertaining ideas in your own company.

Ambitious people always attempt to launch a small business if given a chance. When you are late, you do not have to heed the advice and warnings of your boss. You will eventually start to make more money. The entire profit belongs to you because you are the boss.

However, there are a lot of things that can be problematic for a new business owner. Keep in mind that independence comes with responsibility.

You are accountable for your business’s success, your employees’ well-being, and both. Additionally, you are responsible for the well-being and lives of those who use your products.

You must understand how to build and enhance your small business profitably. You should be aware of how to act in emergencies and unforeseen circumstances.

To handle crucial issues and employee disagreements, you must be willing to work nights and weekends. You should be a skilled educator, psychologist, and negotiator who can settle disputes and inspire his team.

Starting a small business is a challenging but worthwhile endeavor. You can open your shop, café, restaurant, or bakery and implement your brilliant and eccentric ideas there. To protect and build your firm, you must face many challenges and work hard.

Abir Ghenaiet

Abir is a data analyst and researcher. Among her interests are artificial intelligence, machine learning, and natural language processing. As a humanitarian and educator, she actively supports women in tech and promotes diversity.

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Starting Your Own Business Essay (Article)

Summary of the article, business topic, business terms, personal impact, works cited.

According to Statistics Canada, about fifty percent of new businesses close within the first four years of their existence (Jarman 17).

In order to prevent the beginning entrepreneurs from immediate failure in the world of business, several guidelines are provided by experienced and successful businesspeople. Initially, it is significant to establish a client base even before one quits one’s old job and sets up a business. A good client base includes sufficient quality and quantity of customers may take several years to build.

That is why it is advisable to start working on a client base in advance and to use a number of possible client sources, such as: one’s previous job contacts, community and business clubs, and various professional associations (Jarman 17-18). References from one’s previous job may be of great help when establishing a client base, since they add credibility to the business owner.

Another way of creating a credible image of a new business is possessing multiple designations. For one hand, this imparts an air of expertise to one’s business card. For another thing, it allows to succeed professionally in several overlapping areas, which increases one’s competitiveness.

In any case, it is advisable to take time and enter a mature age before starting an own enterprise. The reason for this is that once a person is older, financial obligations are settled and more money is available for the needs of the new business (Jarman 18). In addition, mature age can boast more references and contacts, as well as results in higher credibility. Last but not least, mature people do not have to care for dependant children and therefore have more time and energy for setting up a business.

Family support is a vital factor for the success of a new business. Once a business is started, the family should realize that the business-owner cannot maintain an ideal work-life balance and therefore he or she should obtain more help with the domestic tasks. Care should be taken when entering into a partnership with a family member, since it may lead to a collapse of both the relation and the business.

As for gender stereotypes, Jarman claims that being a male or a female does not matter for the success of a business (19). The last guideline for beginning entrepreneurs is not to ignore the opportunities of a franchise, since despite the necessity of paying fees and royalties, a new business can benefit from the training, marketing, and referential help obtained within a franchise (Jarman 19).

The article under discussion is most closely connected to concepts and ideas presented in Chapter 3, “The Challenges of Starting a Business” (Collins 49–70). The subject highlighted in the article is the way beginning entrepreneurs can increase their chances for success. Jarman provides simple yet efficient advice based on the experience of self-employed professionals who have prospered in their business initiatives.

The author of the textbook emphasizes the idea that small business ownership can be very rewarding: it provides the business owner with such benefits as independence, financial rewards, lifestyle advantages, learning opportunities, as well as creates freedom and personal satisfaction (Collins 55).

The article echoes this idea in a similar way, stressing the especial value of personal satisfaction voiced by successful entrepreneurs (Jarman 19). In spite of the existing financial risks and the necessity to bring one’s lifestyle in accordance with the new business requirements, the independence and the personal freedom obtained by self-employed businesspeople provide sufficient compensation for the possible inconveniencies.

Both Collins and Jarman discuss the factors that should be taken into account before starting a new business. Among the possible options, starting from scratch is described by both authors as risky, since the beginning entrepreneur does not possess the necessary background and reputation among customers (Collins 58; Jarman 18). Building a loyal customer base is named as one of the key priorities for a beginning businessperson.

Franchise is seen as an attractive business opportunity by the authors of both the textbook and the article. Among the advantages of franchise as an ownership option, both Collins and Jarman name the expertise of franchisor head office that can provide guidance on many aspects of starting and developing a business (Collins 58; Jarman 19).

The disadvantages of franchise, agreed upon by both authors, are the necessity to follow the general company rules even if they do not seem attractive to the business owner, and to pay rather high fees for participation in a franchise.

Entrepreneur is defined as “an individual who identifies a business opportunity and assumes the risks of creating and running a business to take advantage of it” (Collins 51). The article is addressed to beginning entrepreneurs who need guidance with starting their business.

Small and Medium-Sized Enterprise (SME) is defined as “a business that is independently operated and employs fewer than 500 people” (Collins 51). The article addressed the issues of starting a small enterprise.

Business is defined as “an activity that provides goods or services to consumers for the purpose of making a profit” (Collins 3). The article focuses on the principles of starting a new business .

Franchise is defined as “a form of business in which a franchisor (a seller) grants a franchisee (a buyer) the right to use a brand name and to sell its products or services” (Collins 59). In the article, franchise is discussed as one of the attractive opportunities for beginning businesspeople since it provides a lot of highly professional guidance on starting and running a business.

Marketing is described as “everything that a company does to identify customers’ needs and design products to meet those needs” (Collins 4). In the article, marketing is mentioned among the areas where starting entrepreneurs need guidance in.

Self-employed is defined as “not working for an employer but finding work for yourself or having your own business” (Cambridge Advanced Learner’s Dictionary). The article provides advice on self-employed people.

The article has confirmed many of the key principles of starting a business that are laid out in the textbook. The lively and down-to-earth style used by the author of the article, together with a scientific approach to research, sounds the more convincing and produces a deep impact on me as a reader.

Examples of successful or unsuccessful decisions for starting a business provided by the author serve as convincing proofs to support her guidelines. The article has summarized and extended my knowledge about the possible pitfalls faced by beginning entrepreneurs and about the ways to avoid those pitfalls.

In terms of future, the information learnt form the article can serve as a guiding material for me in case I want to start an own business. Knowing the necessary background for small entrepreneurship, I can access the risks better and therefore can prepare myself for a business career much more efficiently.

Cambridge Advanced Learner’s Dictionary . Cambridge Dictionaries Online, 2010. Web.

Collins, Karen M. Exploring Business . Toronto, Ontario: Pearson Education Canada, 2010. Print.

Jarman, Samantha. “Thinking of starting your own business? Six tactics for increasing your chances of success.” CMA Management 83.9 (2010): 16-19. Business Source Premier . EBSCO. Web.

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IvyPanda. (2024, March 29). Starting Your Own Business. https://ivypanda.com/essays/business-article-review-starting-your-own-business/

"Starting Your Own Business." IvyPanda , 29 Mar. 2024, ivypanda.com/essays/business-article-review-starting-your-own-business/.

IvyPanda . (2024) 'Starting Your Own Business'. 29 March.

IvyPanda . 2024. "Starting Your Own Business." March 29, 2024. https://ivypanda.com/essays/business-article-review-starting-your-own-business/.

1. IvyPanda . "Starting Your Own Business." March 29, 2024. https://ivypanda.com/essays/business-article-review-starting-your-own-business/.

Bibliography

IvyPanda . "Starting Your Own Business." March 29, 2024. https://ivypanda.com/essays/business-article-review-starting-your-own-business/.

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How To Start A Business Essay

This sample paper on How To Start A Business Essay offers a framework of relevant facts based on recent research in the field. Read the introductory part, body, and conclusion of the paper below.

The business essay is a type of the written piece, which uses formal language, has a defined structure and organization. It delivers a specific, precise, and coherent information on the chosen economic topic. We can divide the essay into various subtypes of the composition. Yet, the most typical types are the memo, executive summary, and plan.

Nevertheless, everybody believes that business essay is not only related to finance, economic topics, project management, organizational management, marketing or HR disciplines. Also, we can use this type of the composition as a formal or semi-formal written piece to communicate with colleagues, employers, and partners.

From this perspective, we believe that one, who wants to start a business essay, should learn the essence of such paper writing. So that it will be easier to implement and organize the formal writing, by showing more content, knowledge, and skills.

What does Business Essay encompass?

First of all, to understand how the small business essay or plan should be organized, it is recommended to revise or learn what information a writer represents in these pieces.

Essay On Starting A Business

The business essay contains precise and accurate information about the chosen topic and articulates over coherent and credible data. It is possible to use graphics, charts, and tables to enrich the data. Thus, this should be done very carefully to do not overwhelm the paper.

Proficient in: Communication

“ Amazing as always, gave her a week to finish a big assignment and came through way ahead of time. ”

Besides, the essay does not represent someone’s opinion; at least, it is not the memo or business plan style, or evaluation paper. Moreover, the business writing does not contain descriptive information, summary or reflection part. It is vital to correspond to the formal style, using unbiased, objective, and comprehensive data.

On the other hand, the plan, as the subtype of the business writing, can contain phrases or sentences which correspond to the recipient. Beyond, the structure of this writing allows using bullet prints or semi-formal style to represent the message. Nevertheless, it is recommended to write a plan as the supportive part of the specific data representation. Such as financial reports, annual reports, forecasts, and economic proposals.

Nevertheless, the mentioned above information is an introductory description rather than a “golden standard.” As there is no specific rules or recommendation about topics or limitations in ways to represent the information in the executive essay.

Choosing Appropriate Style and Information Representation

Proper phrasing: the business essay articulates and uses the specific economic and business terminology. So that the writing should avoid simple phrases or idioms that may deformed thoughts and data presented in the paper. Besides, the essay should adequately use and combine tenses and passive forms. Yet, this mostly depends on the type of work, which should be done.

Note: The business writing is a coherent and precise piece of paper. So that a writer should exclude tautology, jargon, and wordiness from the essay.

Alternating Word Forms: the most convenient way of expressing an author’s thought in the personal interpretation of the message and word change and formation techniques. Therefore, it may be problematic, because certain words undergo a slight shift in meaning when they change forms. So, one should be very attentive when makes any alterations.

Tip: If some words cause trouble to translate or define, it is better to use the dictionary to double-check the meaning and use of the word. Besides, the correct use of prepositions should be attentively considered, as some business terminology may change meaning with different prepositions.

Reliability/Credibility of Sources

Reliability means that the sources used in your writings are accurate and trustworthy. We suggest that the following steps in defining the credibility of sources:

• a) Define the authorship.
• b) Define how recent the source is.
• c) Define the author’s purpose.
• d) Define the types of sources valued by your audience.
• e) Avoid non-reliable Internet sources.

Note: A credible academic source is written by an author who has an academic standing (the opinions of such an author are respected). Such references should contain the date of their publication, which helps the reader identify the relevance of the source to the current state of events and be available for the reader. Before being published, such sources as books and journals are usually reviewed by other professionals in the same field of knowledge (peers). Such peer-reviewed sources are authoritative enough to be used for academic purposes.

In the business field, some papers may contain data provided by organizations, international and local institutions, companies’ annual, quarterly, and sustainability reports. We should note that before selecting any organization or company for further analysis for example use, it is vital to check some additional information about them. Their expertise, and reputation in the selected industry.

Business Essay Structure and Organization

The typical business essay has the introductory part, main body, and conclusion. Each of these parts should be united with each other not only be the idea or topic of the essay. But also with appropriately chosen transitions to preserve the logic and consistency of the paper.

Introduction: usually about 3-4 sentences. Should not exceed the following body paragraph. The opening contains a hook – a phrase, which from the first line intends to grasp the reader’s attention subconsciously motivating him to read up to the end. And a Thesis Statement:  The last sentence of your Introduction, where you take the specific position you are going to stick to in your paper. This sentence is mandatory!

Main Body: consists of three-four well-written paragraphs. Each paragraph contains the opening sentence, which introduces the main sub-idea of the paper. The next 2-3 sentences provide evidence, data, example or estimations to support the sub idea. The last sentence of the paragraph restates the message of the section, creating a link to the next paragraph and the main idea of the paper.

Topic sentence

Each body paragraph of your paper should start with a topic sentence. It is a statement that you are going to discuss, claim or oppose in the following paragraph.

Paragraph – a professional writer should remember that a paragraph is a single “unit” of a paper. Reading the section, the reader expects to see the well-elaborated representation of a single point or thought and found proper support for that point. Violating this expectation (wandering paragraphs, aimlessly splitting into some ideas, often unrelated; declaration of ideas without evidence or support) makes the paper unreadable, signifies of a poor writing style, and lack of paper readability.

Conclusion: the last sentence of your paper, which finalizes your article by providing the results of your research, assumptions or proposals. The key points are given and defended in the body of your writing. The conclusion should not contain any new positions or data, as it should not raise any more questions.

Primary Structure: Introduction and Conclusion is a MUST to be in every paper. Each paragraph should contain, at least, three sentences. Body paragraphs should provide references when the need to support your points arises.

In Case Something Goes Wrong

The process of the small business plan writing is not so challenging as one’s might suggest. Thus, there are moments, when you have no time or resources to complete your business essay. The reason can vary from lack of coherent business outline, inappropriate business plan, untypical business plan or essay model or requirements. Nevertheless, there is no need to delay or abandon starting a business essay. You can always ask for the help or advise, and TheWriteMyEssay service will come in handy. We offer highly-qualified professional business plan writing services in small business essays. Compounding one-page business plans, and creating and organizing executive summary business plans.

We believe that by saving a lot of time for you, we can help you to get the excellent business paper. The score business plan or that type of business composition which you demand. Of course, you may spend many efforts, time, and money on getting essential sources, access to libraries and other important things.

Therefore, TheWriteMyEssay has already established essential tools and appliances to provide you with advice, qualified papers, and consistent plan. Visit our website https://paperap.com/, choose the required type of composition. Order, and receive the online plan, which will surely satisfy your bank, employer, friend, and family with appropriate and coherent style and data.

Cite this page

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Countdown Is On for the Bitcoin ‘Halving’

Bitcoin aficionados are hoping that a scheduled reduction in the number of new coins going into circulation will cause the price of the cryptocurrency to skyrocket.

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By David Yaffe-Bellany

David Yaffe-Bellany covers the cryptocurrency industry.

Cryptocurrency enthusiasts have eagerly anticipated the third week of April, counting down the days until a potentially crucial moment in Bitcoin’s development called “the halving.”

Essentially, the halving is a scheduled reduction in the number of new Bitcoin that go into circulation. As the supply falls, some analysts anticipate that the digital currency’s price will soar.

These reductions happen every four years or so. But this year’s halving has drawn especially enthusiastic attention as the crypto industry rebounds from years of falling prices and corporate implosions.

In recent months, Bitcoin’s price has surged to record highs , reaching $73,000 in March. Much of that increase was driven by the approval of new financial products tied to Bitcoin, which spurred billions of dollars in new investment. Crypto investors are hoping that the halving will create a similar effect, causing Bitcoin’s price to climb further.

Here’s what to know about the halving.

How does the halving work?

A key purpose of Bitcoin is to enable people to exchange money without any sort of intermediary, like a bank, verifying the transaction.

In place of a bank, a distributed network of computers scattered around the world, all running Bitcoin’s software, performs the verification. To confirm a transaction, the computers solve complicated puzzles, racing one another to guess the answer. This process is designed to ensure that Person A has sufficient funds to send money to Person B.

As a reward for the verification service, the people running the computers — which require huge quantities of energy — receive rewards in the form of new Bitcoin. Each halving reduces the size of that reward by half (the current prize is 6.25 Bitcoin).

What’s the point of the halving?

Since Bitcoin’s creation in 2008, investors have also envisioned it as a hedge against inflation.

In a traditional financial system, governments can start printing more money when they think that the economy would benefit from doing so, sometimes causing inflation. Many crypto advocates are skeptical of that practice.

Bitcoin’s halvings are programmed to ensure that the total number of coins that will ever enter circulation is capped at 21 million. As the amount of Bitcoin in the world approaches the cap, the size of the reward for verifying transactions will become increasingly smaller, gradually approaching zero. That fixed supply, crypto proponents argue, should protect Bitcoin’s value in the long run.

When is the halving?

The timing of each halving is written into Bitcoin’s underlying code: It happens about every four years, after the number of Bitcoin transactions hits a certain threshold.

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How will the halving affect Bitcoin’s price?

In theory, a reduction in new Bitcoin entering circulation should cause prices to go up. Various crypto experts have predicted that the currency’s value will continue rising this year, partly as a result of the halving.

But the effect of the halving may already be reflected in Bitcoin’s skyrocketing price, other analysts said. After all, the halving isn’t unexpected — it has been programmed into the software from Bitcoin’s inception.

How will it affect the Bitcoin mining industry?

In the early days of the cryptocurrency, someone running Bitcoin’s software on a laptop could verify transactions and earn the reward — a process known as mining. But over time, the computational process has become much more energy intensive.

These days, Bitcoin mining is dominated by publicly traded companies that run warehouses full of computers and guzzle huge quantities of energy. The halving poses a potential threat to that business model, reducing the amount of Bitcoin that these companies can earn.

Adam Sullivan, the chief executive of the Bitcoin mining giant Core Scientific, said some smaller mining operations might be forced out of business.

“Larger companies are going to be able to purchase facilities,” Mr. Sullivan said. “Small business are going to struggle post-halving.”

David Yaffe-Bellany writes about the crypto industry from San Francisco. He can be reached at [email protected]. More about David Yaffe-Bellany

Inside the World of Cryptocurrencies

Tigran Gambaryan, an American compliance official for the giant cryptocurrency exchange Binance, flew to Nigeria in February for a planned two-day business trip. Here’s how he ended up in a Nigerian prison .

Two years after the cryptocurrency market crashed, there are signs that crypto is booming again in the Philippines, long a center of crypto activity .

Pushed by a nonprofit with ties to the Trump administration, Arkansas became the first state to shield noisy cryptocurrency operators from unhappy neighbors. A furious backlash has some lawmakers considering a statewide ban .

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Federal judges are weighing whether digital currencies should be subject to the same rules as stocks and bonds. The outcome could shape crypto’s future in the United States .

New investment funds that hold Bitcoin have begun trading , and it might be tempting to invest in them. Should you ?

What caused Dubai floods? Experts cite climate change, not cloud seeding

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DID CLOUD SEEDING CAUSE THE STORM?

CAN'T CREATE CLOUDS FROM NOTHING

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Reporting by Alexander Cornwell; editing by Maha El Dahan and Alexandra Hudson

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