Business Education: Basics of Business and Startups for Students
By Space Coast Daily // September 2, 2020
The Essence of Running a Business
When you think of a business or the culture of business or the goals of the business, what do you think of? Money, profit, power, greed, or crushing the competition?
Business can be those things; sometimes, it has to be about those things, but the reality is that for most of us who want to earn a living without compromising our morals and without hurting others to get ahead, business is about creating good things for customers. It’s about satisfying our employees and our business partners.
Make no mistake. Business is about making money, but you can’t make that money without customers, employees, and business partners. Yeah, believe it or not, business is about making people happy, making people comfortable.
It’s also about learning and growing, so you can know how to make people happy and satisfied in the future. But remember, a great business is not about overnight success, it’s instead about indefinite progress.
To be successful in business, one needs to understand customership. “What do customers want? How do they want it? How can I get more from my employees? What kind of company do people value?” Ask yourself these questions, and soon you’ll get the answers!
It can be related to your academic career or a business sector where you’ve had experience working in. For a student who wants to start a business, the question then comes down to time management. How are you able to combine studies and running an enterprise?
Perhaps, the most appropriate thing to do is to delegate some of your schoolwork to essay writers who can deliver a great job. This way can subsequently give you enough time to oversee the affairs of a side business.
Simply put, venture into a business that you understand, and you’ll enjoy doing. After deciding what you wish to start, draft a business plan that will help you do more in-depth research and analysis about the business.
A business plan will help you have a futuristic view of all your business activities and goals. Preparing a good business plan, just as planning before embarking on anything, will help you avoid pitfalls.
Every successful football club has a formidable game plan. Every country plans and releases annual budgets. Every great army has a winning battle plan.
In fact, planning cannot be overemphasized, and it is inevitable if you want your business to succeed. The first thing a serious investor will request is your business plan, which will have a massive impact on whether he/ she will invest in your business.
The Essence of Running a Business
Businesses are all around us. Businesses drive economies and provide living standards for people around the world. Doing business is an inescapable aspect of living because you must always either buy something or sell something.
Everything you buy was manufactured by a business somewhere.
Everywhere you want to go has to be facilitated by a business or the automotive machine invented by a company.
Even countries do business to stay out of debt. It’s a way of life and therefore requires proper education to be done in the right direction and evolve progressively.
Starting a business can be quite cumbersome, but with the right information and education, one can successfully start and manage a profitable business. Business education starts from elementary school in little bits until after higher institutions in a more in-depth and elaborate manner.
Today, we know Apple as a versatile innovator of hand-held devices — iPods, iPhones, and iPads—electronics that changed the way we live. As a company manages its present stakes and considers its future, it’s helpful to study a brand like Apple.
Apple understands that its present offerings — computers, portable devices, iTunes, and the Apple stores- connect them to consumers today.
Excellence in product quality, service accessibility, and overall value are vital to maintaining a strong brand. Intern, all the effort expended to keep customers happy today keeps Apple in contact with their customers.
This helps Apple understand its own weaknesses and also informs Apple on changes in its customer base. The brand stays strong today, and the information can be used to develop new products and services for tomorrow. What’s next for you?
Know your net worth before budgeting for a business! Knowing how much you’re worth gives you the bigger picture of types of business that will best fit.
As you eventually have your company, trade, or online store, up and running, also track your profits and performance. Review your customers’ feedback; ask what can be better for them; ask what they cherish most about buying from you. Then improve upon all areas.
Finally, no business is bad; no business is good. After all, a successful business depends on implemented strategies and sheer consistency. As you take on your goals to establish a business, remember to enjoy the experience and journey.