Why I Want to Start My Own Business: Personal Strategy

Business is something to me which leads to success. Business can be for-profit or some of them are non-for-profit which are for society’s well-being and for philanthropy purpose. Business is one type of economic activity which is related to the constant manufacturer of goods and services for the profit of individuals and satisfying the consumer's needs. Besides, I foresee every one of the prefaces that determine alongside it. Nevertheless, an opportunity is which can improve your lifestyle. In addition, most of us want to start the business however because of lack of fund and lack of resources it is actually challenging to accomplish our vision. In addition, I would like to start my own business after completing my study towards fulfilling my dreams and having a happy and prosperous life. According to me, business is an element so this course and subject assistance me a great deal to accomplish my goals and objectives. In why I want to start my own business essay I will farther explain why and how.

As I was a student of computer science, I did not have any idea about business ethics and economic principles which are mandatory to run and success the business. To start any business or to explore family business it is essential to have knowledge about the business environment which provides information about threats and opportunities of the business. It may not be sufficient to simply distinguish and assess it yet additionally it should be illuminated in the necessary time and reserve. So by understanding and analyzing the opportunities can put you on the top of the market. To become a successful representative one should have knowledge about opportunities and threats in advance so that one can use the opportunity to make profit and threat to reduce the loss of the organization. Thus, I choose this course to have better thought regarding business and how it works.

I have been working in a company, which build up the website and mobile application for their clients. So web designers need to always consistently watch the market and changes occur in the market to make aware ourselves about expectations of consumers. With time customers expectation is also changed, so customer focus is essential. And this would help us to improve our performance and stay in this competitive market. To analyze customers need and expectations I should have knowledge about business to get profit and get by in the business condition.

Moreover, to run a successful business I should have an idea about business ethics as well as an economic principle. As the business economy is one of the key points as it is a field which is related to financial, organizational and corporations which faces the issue related to environment and market. Furthermore, one of the essential factors about business is resources, so I must have knowledge about supply and demand, which refer to the components of an economy. In addition, how resources need to be allocated efficiently to satisfy the need which refers as scarcity. Thus, by using learning objectives of this course, I ensure that required learning outcomes are met. Indeed, it also provides me with clear guidelines to get success in future.

For me, first of all, I will set my learning goal which is gaining knowledge and understanding the concept of business and related economics principle because it will help me in future. Addition to this, to manage and monitor these learning goals, I will try to improve my learning capacity to reach the goal and get the achievements. Moreover, I will actively take part in all the learning activities, motivate me to achieve potential and empower myself to be a self-learner. I would like to be more confident to take more challenges, regardless of my ability to do that task. When individuals are helped to delve into their own reasoning and learning forms, they are attracted to think about the adequacy of the procedures they used to complete the learning goals they set.

As I think about the future, I will apply the business environment in a different context. One of the main factors in business is finance. To effectively manage the finance is difficult, so by using financial management skill I can manage cash flow and sales; and also monitor profit and loss. Moreover, marketing and sales skill; and customer service is also a mandatory factor to get profit. To generate sales and promote our product and to provide good customer service, these skills can be used. Furthermore, to build a good working relationship with suppliers, customers, employees and investors are important for the organization. And this can be done using good written and verbal communication skill. In addition, to get the best from your employees and to improve the company’s productivity, I should be able to motivate them using leadership skill. And to start a business, I have to manage a range of projects such as resources, fund, staff, policies and procedures. So to achieve my goal I should do planning which is the first step to start any organization.

Goals give us direction and help to measures results. So with regards to the business environment, I would like to set goals such as the basic one which is by doing diligent work, I want to get good grades in this course which can help me in future and to get prevail in my profession. In addition, utilizing the information from this course I need to land position in a global organization and need to apply my insight for the business. And after gaining experience from that I would like to start my own business.

References

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