Individual Project 1

Individual Project 1 - Building A Business The Business...

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Building A Business August 30, 2011 The Business Environment Marquetta Nixon Introduction to Business Professor David Tibbetts Date: August 30, 2011 Due Date: August 28, 2011 1
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Building A Business August 30, 2011 Building a business is a very accomplished yet hard thing to do. There are a lot of things you have to consider when opening a business, running a business, or even just becoming a part of a business (partnership). You have to make sure you obtain the necessary skills to run the business and have the necessary funds to get the business started which bringing you to making a management decision which is in fact the most important decision of the business. You always want to go in know your business will be secure which may possibly include a partnership. Statistics show, according to the SBA, over 50% of small businesses fail in the first five years. Why? For two main reasons, one being lack of experience, and two insufficient funds. That is why it is always best to make
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