Why Business Management Is Becoming A Successful Business

Abstract Owning a business is often a dream of many people but the reality of entrepreneurship can be an amazing experience. It takes a lot of planning and dedication for a business to be successful. Small business management is becoming very popular in the society in which we live. More and more people are looking to going into business for themselves. This paper will discuss how to start a business and it will also focus on the importance of family helping to run a successful business. Owning a business can be good or it can be bad but it takes a lot to maintain a successful business or even the thought of starting one. Dictionary.com defines entrepreneur as â€Å"a person who organizes and manages any enterprise, especially†¦show more content†¦Ã¢â‚¬Å"Although owning a business has many benefits and provides many opportunities, anyone planning to enter the world of entrepreneurship should be aware of its potential drawbacks. Individuals who prefer the security of a steady paycheck, a comprehensive benefit package, a two-week paid vacation, and the support of a corporate staff probably should not go into business for themselves† (Scarborough, 2014, p. 12). There are a lot of things that go into owning a small business and planning is one of the major elements when it comes to even thinking of owning a business of any size whether it is small, medium or large. When I begin to think about how important planning was to a business I thought back to my teachings as a child into my adult life about how the Bible talks to us about planning and being prepared. It also reminded me the principals in which God teaches us about preparing his people to be sufficient and taking care of themselves in order to provide not only for themselves and their family but in helping others also. In planning a business it takes prayer and being faithful to seeing your dream to fruition. This is not a small endeavor when it comes to a business. Planning is an important tool in thinking about how a business should be started as well as how things will begin to come together for the business to come to fruition. The bible also teaches us about things we should look at when looking to start a business.Show MoreRelatedSkills, Traits, And Characteristics Of A Successful Entrepreneur1210 Words   |  5 Pages Skills, Traits, and Characteristics of a Successful Entrepreneur Anonymous Author University of the People Entrepreneurship 1 3303 â€Æ' Abstract Skills, traits or characteristics are essential ingredients in being a successful entrepreneur. Although these ingredients are numerous, an entrepreneur should develop the ones that are relevant to becoming successful. This paper will first examine skills, traits, and characteristics that are more important to have as an entrepreneur. 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