I did not realize that owning a business was so complex! The very tedious nature makes me want to hire experts in their field to head different departments such as accounting, risk management and personnel. One business owner cannot continue to take care of all of these facets of business is he or she is looking to expand. This will be more of a pain than a pleasure. I believe a person should love their business because it is their passion and their purpose. My motivation for starting my own business is to basically create wealth on my own for my family to benefit from it generations later. The aspect of my topic I want to research further would be more in depth with money management and risk managements. I want to learn more about the areas that usually blindside business owners and put them in a corner. That would be a nightmare for me and I would hate to fail from something that could have been easily avoided with current knowledge on business intricacies.
Saturday, May 14, 2016
Week 2 blog post
The knowledge I gained from Assignment 1 has opened my eyes are different aspects of owning a business. There is a lot that goes into it and many things that need to be considered which includes marketing, advertising, risk management, money management and much more. These different factors can negatively affect your business if they are not attended to and considered when starting a business. Some new strategies I used to look up my sources was used Google Advanced search which I never knew about. Either I just completely ignored it or glanced over it while using the general search box on Google. Starting a business is pretty tough and I think that it could be done with paying very close attention to details and fine print. The details can be easily glanced over and the business owner will suffer later on from it every time. Business is more like a science because it has different experiments/frameworks that can be employed to reach the desired result.
I did not realize that owning a business was so complex! The very tedious nature makes me want to hire experts in their field to head different departments such as accounting, risk management and personnel. One business owner cannot continue to take care of all of these facets of business is he or she is looking to expand. This will be more of a pain than a pleasure. I believe a person should love their business because it is their passion and their purpose. My motivation for starting my own business is to basically create wealth on my own for my family to benefit from it generations later. The aspect of my topic I want to research further would be more in depth with money management and risk managements. I want to learn more about the areas that usually blindside business owners and put them in a corner. That would be a nightmare for me and I would hate to fail from something that could have been easily avoided with current knowledge on business intricacies.
I did not realize that owning a business was so complex! The very tedious nature makes me want to hire experts in their field to head different departments such as accounting, risk management and personnel. One business owner cannot continue to take care of all of these facets of business is he or she is looking to expand. This will be more of a pain than a pleasure. I believe a person should love their business because it is their passion and their purpose. My motivation for starting my own business is to basically create wealth on my own for my family to benefit from it generations later. The aspect of my topic I want to research further would be more in depth with money management and risk managements. I want to learn more about the areas that usually blindside business owners and put them in a corner. That would be a nightmare for me and I would hate to fail from something that could have been easily avoided with current knowledge on business intricacies.
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