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Thursday, July 12, 2012

summary of My major

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English 00


October 7, 00


In the article How to start a small business the author presents us with rules for anyone who wishes to own and operate a small business. First the author says that you should not wait until the “perfect time” to start your business, since there will always be a better time. Most people decide to wait for better economy or better season of the year to start their business. The next tip is to try to be independent, but do not sever ties with important people. If you separate yourself too much from these people you become vulnerable, and that will only hurt your business. Another important piece of advice is to keep asking questions. The author says that you will be amazed at the help and the information that others will be able to provide you with if you only ask. The author also says “for every question you ask there are five people” who are willing to give you advice, but you have to ask. The most critical part of building a successful small business is to build a good team. Every good successful business should include “a bookkeeper, a chartered accountant, lawyer, banker, insurance broker and mentor.” Each person in your team should be able to bring something to your business that is valuable, but unique. Also it is good to look for people who are different from you, and maybe are even a step ahead of you. Finally the author says that you just have to work hard. Most entrepreneurs that are successful work harder than their employees, and that’s what keeps their business going.




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